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Stocks Headed Higher As Wall Street Takes ADP's Preview Of Jobs Report In Stride
By: Midnight Trader   Wednesday, July 01, 2009 9:00 AM
Symbols: BOOM, BORL, MYGN, NAV, OSK

The company reports total molecular diagnostic Q4 revenue of about $86 mln, which represents the bulk of the company's revenue. The Street view for total revenue is $92 mln, according to Thomson Reuters.

9:01 AM, Jul 1, 2009 --

U.S. PRE-MARKET INDICATORS

-Dow Industrial futures up 36 points.

-S&P 500 futures up 4 points

-Nasdaq 100 futures up 6 points.

-Nasdaq-100 Pre-Market Indicator up 3.24 at 1480.49

GLOBAL SENTIMENT

Nikkei down 0.2%

Hang Seng closed for holiday.

FTSE-100 up 0.6%

PRE-MARKET SECTOR WATCH

(+) Large cap tech: mostly higher

(+) Chip stocks: mostly higher

(-,+) Small cap stocks: mixed

(-,+) Drug stocks: mixed

(+) Software stocks: firmer

(+,-) Internet stocks: mixed

(-,+) Financial stocks: mixed

(+,-) Auto stocks: mixed

(-,+) Airline stocks: mixed

(+,-) Retail stocks: mixed

UPSIDE MOVERS

(+) C (+0.3%) sells trust unit.

(+) OSK (+29.3%) inks $1 bln military order.

(+) GIS (+2.2%) beats with earnings.

(+) AMAG (+5.2%) sees continued reaction to FDA marketing approval for Feraheme.

(+) CRXX (+23.7%) to merge with privately held Neuromed.

(+) AZN (+0.6%) edges up as Iressa gets EU marketing approval.

(+) BORL (+17.8%) gets raised offer to $1.50/share cash.

(+) PPHM (+6%) wins European patent for in-line labeling.

DOWNSIDE MOVERS

(-) MYGN (-20%) continues evening slide after revenue warning.

(-) FRPT (-29.3%) NAV (-7.1%) declining after losing order to Oshkosh (OSK).

(-) AIG (NA) shareholders approve 1-for-20 reverse stock split.

(-) CHKP (flat) downgraded to Neutral at JP Morgan.

(-) SKBI (-25%) announces offering.

(-) ZZ (-12.2%) sees continued selling after announcing swing to loss in Tuesday's extended hours.

(-) BEAT (-37.2%) guides for FY results below Street view.

(-) GSIG (-23%) is restating some revenue.

(-) SPPI (-6.5%) raises $21 mln through offering.


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