Join        Login             Stock Quote

U.S. Stocks Poised For Lower Open On Overseas News; Hot Stocks: ORCL, ZOLL, QSFT, TIF, GMCR

 March 12, 2012 09:08 AM

U.S. stock-index futures pointed to a lower opening on the Wall Street, with focus on a disappointing China trade data and Eurogroup meeting to discuss on the final approval for Greece's second bailout.

Mini Dow industrial average futures retreated 26.00 points to 12,837.00. The Nasdaq Futures edged 6.75 points lower to 2,637.00. Standard and Poor's 500 futures dropped 4.00 points to 1,362.80.

With no economic data for the day and corporate announcements fairly light, the sentiment is likely to be weighed by overseas news.

A data showed that China swung to a trade deficit of $31.48 billion in February, its largest gap in at least a decade.

On Friday, U.S. stocks held on gains for the third straight day and ended on a positive note amid solid jobs data and reports of a successful Greek debt swap deal.

[Related -Fusion-IO, Inc. (FIO): Can Fusion-IO Q2 Results Cheer Street?]

Hot Stocks Of The Day: (ORCL, ZOLL, QSFT, TIF, GMCR)

Oracle Corp. (NASDAQ:ORCL) retreated 1.59 percent to $29.65 in premarket trading. The software maker's shares were downgraded to "Hold" from "Buy" by Jefferies Group Inc. 

Zoll Medical Corp. (NASDAQ: ZOLL) rallied 23.7 percent to $93.21 in premarket after it agreed to be acquired by Japan's Asahi Kasei for about $2.21 billion or $93 per share.

Quest Software Inc. (NASDAQ: QSFT), an IT services company, said Friday it has agreed to be taken private by affiliates of Insight Venture Partners for $23 a share. The stock fell 0.71 percent in premarket.

[Related -Teradata Corporation (NYSE:TDC): Lower Cost Platforms Could Curtail Growth Rates]

Tiffany & Co. (NYSE:TIF) may be in focus after reports that it has counterclaimed against Swiss watchmaker Swatch Group (SWGAY) over a severed cooperation agreement.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is also likely to see some activity after Starbucks Corp. (NASDAQ:SBUX) disclosed that it is launching a new, single-cup coffee machine called Verismo, which is likely to threaten its GMCR's Keurig single-serve machines.

Global Markets:

The European markets traded mixed, with Germany's DAX advancing 0.12 percent to trade at 6,888.60. France's CAC40 declined 0.15 percent to 3,482.13. Britain's FTSE 100 retreated 0.14 percent to 5,879.30.

Asia markets ended on a mixed note. The Shanghai Composite Index dropped 0.20 percent to end at $2,434.55. Hong Kong's Hang Seng rose 0.23 percent to close at 21,134.18. Japan's Nikkei 225 fell 0.40 percent to end at 9,889.86.

Market Scan:

Ahead of the opening bell, crude oil futures weakened 0.99 percent to $106.34 per barrel. Gold lost 0.74 percent to $1,698.8 per ounce.

In the currency market, the euro traded 0.02 percent lower against the U.S. dollar at 1.3121, and the British pound fell 0.23 percent against the greenback at 1.5637. The dollar dropped 0.32 against the Japanese yen to 82.1960.



Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageAutomating Ourselves To Unemployment

In this current era of central planning, malincentives abound. We raced to frack as fast we could for the read on...

article imageFed: Waiting For June… Or Godot?

The Federal Reserve left interest rates unchanged yesterday, as widely expected. But the possibility of a read on...

article imageThe Single Best Place To Invest Your Money For Retirement

It was never supposed to be this daunting. At least that's what we were read on...

article imageNegative Blowback From Negative Interest Rates

The Federal Reserve is widely expected to leave interest rates unchanged today. But perhaps standing pat read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.