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U.S. Stock Futures Down, All Eyes on Payroll Data

U.S. stock futures are lower this morning as investors await December's payroll report. Futures on the Dow Jones Industrial Average dropped 14 points to 11,632.00 and S&P 500 futures fell 2.10 points to 1,268.10. Nasdaq 100 futures dropped 3 points at 2,273.25.

U.S. stock markets closed lower yesterday, with the Dow Jones Industrial Average down about 26 points.

The December non-farm payroll figures and the latest reading on U.S. unemployment are due today. The payroll data is scheduled to be released at 8:30 a.m. ET. Economists project that 175,000 non-farm jobs were created in December.

Continue reading U.S. Stock Futures Down, All Eyes on Payroll Data

Analyst initiations: NBF, SABA and DAR

MOST NOTEWORTHY: Nova BioScience, Saba Software and Darling were today's noteworthy initiations:
  • Jefferies initiated Nova BioSource Fuels (NYSE: NBF) with a Buy rating and $3.75 target, and finds the risk/reward attractive for biofuels investors as the company has more than 100M gallons of biodiesel capacity slated to come onstream by 2009.
  • B. Riley expects Saba Software's (NASDAQ: SABA) renewed focus on profitability to drive substantial EPS and free cash flow expansion in FY09. The firm started shares with a Buy rating and $6 target.
  • Stephens believes Darling International (NYSE: DAR) shares offer a solid commodity cycle and an attractive renewable fuels opportunity and initiated shares with an Overweight rating and $17 target..
OTHER INITIATIONS:

Symbol Lookup
IndexesChangePrice
DJIA+76.7012,877.93
NASDAQ+25.592,929.47
S&P 500+9.161,351.80

Last updated: February 13, 2012: 03:35 PM

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