A Peek Into The Market Before The Trading Starts
US stock futures moved up as the investors are awaiting the US midterm elections and another quantitative easing round from the Federal Reserve. Futures on the Dow Jones Industrial Average gained 39 points to 11,105.00 and S&P 500 futures rose 5.30 points to 1,185.00. Nasdaq 100 futures moved up 8.50 points at 2,130.50.US stock markets closed mixed on Friday, with the S&P 500 index losing 0.04%.
A Peek Into Global Markets
Positive sentiments ruled the European markets today. While STOXX Europe 600 Index has advanced 0.13%, London's FTSE 100 Index moved up 0.33%.
Most of the Asian markets ended in the positive territory, with Japan's Nikkei Stock Average losing 0.52%, Australia's S&P/ASX 200 moving up 0.79% and China's Shanghai Composite gaining 2.52%.
Goldman Sachs has a research note on Atmel Corporation (NASDAQ: ATML), previewing its earnings. It has a Neutral rating, and is raising its price target to $6.50 from $6.00.
In a research report sent to investors, Goldman writes, "We expect Atmel to report results at the high end of guidance for 3Q driven by strength in touchscreen controllers, with a solid outlook for 4Q (excluding the effect of the smartcard divestiture, which closed on September 30). Despite Atmel's strong design win momentum in touchscreen controllers and microcontrollers more broadly, we see valuation as increasingly stretched at these levels and would thus avoid the stock. We raise our estimates and price target on margin accretion from Atmel's smartcard divestiture."
Shares of ATML closed at $8.86 on Friday, a gain of 22 cents.
- Teaneck, New Jersey based information technology consulting and services company Cognizant Technology Solutions (Nasdaq: CTSH) announced on Monday morning that it beat consensus Wall Street estimates. To read the full news, click here.
- New York based commercial property and casualty insurance company Loews Corporation (NYSE: L) on Monday morning released financial results that beat Wall Street earnings expectations, while missing revenue estimates. To read the full news, click here.
- Baker Hughes Incorporated (NYSE: BHI) released financial results on Monday morning that easily beat Wall Street estimates. To read the full news, click here.
- Louisville, Kentucky based health and supplemental benefit plan company Humana Inc. (NYSE: HUM) released financial results on Monday morning that beat Wall Street earnings estimates. To read the full news, click here.
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