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Strong Stock Open Expected Amid Commodity Gains, Mostly Positive Earnings, Deal News
By: Midnight Trader   Monday, November 23, 2009 9:08 AM

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U.S. PRE-MARKET INDICATORS


-Dow Industrial futures up 95 66 points.

-S&P 500 futures up 10 points.

-Nasdaq 100 futures up 15 points.

-Nasdaq-100 Pre-Market Indicator up 11.07 at 1775.46.

GLOBAL SENTIMENT


Nikkei down 0.5%

Hang Seng up 1.4%

FTSE-100 up 1.2%

PRE-MARKET SECTOR WATCH

(+) Large cap tech: mostly firmer

(+) Chip stocks: mostly firmer

(+,-) Drug stocks: mixed

(+) Software stocks: firmer

(+) Internet stocks: firmer

(+) Financial stocks: firmer

(-,+) Auto stocks: mixed

(-,+) Airline stocks: mixed

(+,-) Retail stocks: mixed

UPSIDE MOVERS

(+) TSEM (+10%) gains in wake of TowerJazz's Asian deal.

(+) TECD (+5.1%) beats with Q3 results.

(+) TSN (+0.5%) reports Q4 earnings ahead of expectations.

(+) T (+1.3%) gets favorable Barron's coverage.

(+) XOM (+0.9%), CVX (+1%) gain as analyst boosts earnings view.

(+) AKNS (+2.9%) inks new deal.

(+) LDK (+15%) beats with Q3 and guides for Q4 revs above Street view.

(+) GIVN (+5.8%) unveils 2nd generation pill-based colononscopy solution.

(+) CPB (+2%) tops with Q1, raises FY EPS view to above Street.

(+) FSLR (+2%) sells Calif. power project.

(+) SPPI (+3.4%) gets milestone payment.

(+) NTII (+18%) announces special dividend.

(+) IBAS (+31%) agrees to $3/share buyout.

(+) DHI (+3%) gets upgrade.

(+) NEXM (+17.7%) buying Bioquant.

(+) FIF (+35.7%) sold for $738 mln.

(+) SEED (+15%) gets approval for genetically modified Phytase corn.

DOWNSIDE MOVERS

(-) CEPH (-7.7%) gets negative study results.

(+) CIEN (-6.5%) buying Nortel units.

(-) BBI (-5.4%) to combine shares into single class.

MARKET DIRECTION


Stock futures are higher, tracking commodities. Oil, gold and other metals are gaining as the dollar pushes lower in a renewed move as reports say weekend Federal Reserve comments put renewed pressure on the greenback. Stocks may trade in choppy fashion in this holiday-shortened week and with much anticipation for the early holiday shopping season and any signs of renewed consumer strength.

Oil futures gained, last changing hands at $78.40 a barrel, up $0.93. Oil gained as the dollar weakened and as reports said Iran stepped up its defensive warfare exercises.


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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