A Peek Into The Market Before The Trading Starts
Pre-open movers
US stock futures moved up to extend the gains of the earlier session, driven by various deal news. Futures on the Dow Jones Industrial Average gained 6 points to 10,790 and S&P 500 futures added 0.60 points to 1,143.80. Nasdaq 100 future rose 1.75 points to 2,020.
A Peek Into Global Markets
The European markets were mixed today. While STOXX Europe 600 Index has gained 0.08%, London's FTSE 100 Index moved down 0.06%.
Asian markets ended in the positive territory, with Japan's Nikkei Stock Average adding 1.39%, Australia's S&P/ASX 200 moving up 1.52% and China's Shanghai Composite gaining 1.40%.
Broker Recommendation
Morgan Keegan has some positive thoughts on C.R. Bard, Inc. (NYSE: BCR) after it attended the Association for Vascular Access (AVA) scientific meeting. It is reiterating its Outperform rating on C.R. Bard.
In the research note, Morgan Keegan writes, "Overall, it is our sense that Bard's PICC technology remains a favorite among users due to the quality and excellent service that Bard provides. In fact, introduction of the 3CG technology further differentiates Bard and pulls their product ahead of the competition. With an estimated 85% market share in the $400 million PICC market, we expect Bard to maintain a significant lead over its competition."
Shares of C.R. Bard gained $1.09 for $79.84, a gain of 1.4%.
Breaking news
- Cal-Maine Foods Inc (NASDAQ: CALM) swung to a profit in the fiscal first quarter. To read the full news, click here.
- Penn National Gaming (Nasdaq: PENN) unveiled Maryland's first casino today when it opened Hollywood Casino Perryville three days prior to its projected September 30 launch and four weeks earlier than original estimates. To read the full news, click here.
- Enterprise Products Partners L.P. (NYSE: EPD) today announced that A.J. “Jim” Teague was elected chief operating officer of Enterprise's general partner and will be responsible for managing the commercial and operating activities of the partnership. To read the full news, click here.
- Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that it has fully invested its initial public offering proceeds ahead of schedule and expects to increase its initial distribution payable on Nov. 30, 2010 from the prior declaration of $0.21 per share to a distribution of not less than $0.36 per share. To read the full news, click here.
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