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U.S. Stock Futures Lower Ahead of Employment, Manufacturing Data

U.S. stock futures are lower this morning ahead of employment and manufacturing data. Futures for the Dow Jones Industrial Average dropped 12 points to 11,520, while futures for the S&P 500 fell 1.60 points to 1,254. Futures for the Nasdaq 100 lost 1 point to 2,228.

Global Markets

Negative sentiment ruled the European markets today. While STOXX Europe 600 Index has lost 0.96%, London's FTSE 100 Index moved down 0.33%.

Mostly Asian markets ended in positive territory, with Japan's Nikkei Stock Average dropping 1.12%, Australia's S&P/ASX 200 moving up 0.31% and China's Shanghai Composite gaining 0.29%.

Continue reading U.S. Stock Futures Lower Ahead of Employment, Manufacturing Data

Closing Bell: Pre-Holiday stocks, oil, dollar all on their own (RUTH, RIMM, RHT, ACHN, CGEN, PFE)

Today was a mixed trading day on somewhat light trading pre-holiday volume throughout most of the trading day and there was no real feeling for a positive or negative close until the afternoon. A drop of 11% in new house sales in November added concerns over the housing recovery. This was in contrast to personal income and spending rising 0.4% and 0.5%, respectively, in November. Oil had a solid day with a $2.22 gain to $76.62 close on big inventory draw-downs.

Here were today's unofficial closing bell levels:

Dow 10,466.44 +1.51 (0.01%)
S&P 500 1,120.59 +2.57 (0.23%)
Nasdaq 2,269.64 +16.97 (0.75%)

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Continue reading Closing Bell: Pre-Holiday stocks, oil, dollar all on their own (RUTH, RIMM, RHT, ACHN, CGEN, PFE)

Analyst upgrades, downgrades and initiations: AFL, COH, CPB, DOW, MS, TTM ...

Analyst upgrades:

  • Baird upgraded WinTrust (NASDAQ: WTFC) to Neutral from Underperform and raised its target to $20 from $13 citing the accretive purchase of AIG (NYSE: AIG) loans and reduced risk of a capital raise.
  • Piper Jaffray upgraded Coach (NYSE: COH) to Overweight from Neutral on expectations product sell-throughs and margin trends will improve in the coming quarters. The firm has a $32 target on the stock.
  • RBC Capital upgraded Campbell Soup (NYSE: CPB) to Sector Perform from Underperform and raised its target to $33 from $29. The firm cites Campbell's recent innovation, easy volume comps, and "reasonable" consensus estimates for its upgrade.
  • Tata Motors (NYSE: TTM) was upgraded to Equal Weight from Underweight at Morgan Stanley.
  • Rockwell Automation (NYSE: ROK) was upgraded to Buy from Neutral at BofA/Merrill.
  • Fifth Third Bancorp (NASDAQ: FITB) was upgraded to Conviction Buy from Buy at Goldman.

Continue reading Analyst upgrades, downgrades and initiations: AFL, COH, CPB, DOW, MS, TTM ...

Symbol Lookup
IndexesChangePrice
DJIA+72.8112,874.04
NASDAQ+27.512,931.39
S&P 500+9.131,351.77

Last updated: February 13, 2012: 05:14 PM

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