A Peek Into The Market Before The Trading Starts
Pre-open movers
US stock futures are lower this morning, after Cisco Systems Inc (NASDAQ: CSCO) issued a weak revenue forecast last night. China reported a 4.4% surge in its consumer-price index in October. Futures on the Dow Jones Industrial Average lost 14 points to 11,288.00, while S&P 500 futures moved down 2.80 points to 1,211.30. Nasdaq 100 futures dropped 12.75 points to 2,161.75.
A Peek Into Global Markets
Negative sentiments ruled the European markets today. While STOXX Europe 600 Index has lost 0.16%, London's FTSE 100 Index moved down 0.09%.
Asian markets ended in the positive territory, with Japan's Nikkei Stock Average adding 0.32%, Australia's S&P/ASX 200 moving up 0.65% and China's Shanghai Composite gaining 1.05%.
Broker Recommendation
Deutsche Bank has a Hold rating and a $18 price target on Artio Global Investors Inc. (NYSE: ART).
In a research report sent to clients, Deutsche Bank writes, "We are keeping our estimates unchanged at this time at this time given that AUM levels are roughly inline with expectations as strong markets are offsetting outflows."
Shares of ART gained 8 cents yesterday to close at $14.55.
Breaking news
- Maximus, Inc. (NYSE: MMS) released financial results on Thursday morning that beat Wall Street earnings estimates, while missing revenue expectations. To read the full news, click here.
- Cubic Defense Applications, the defense systems business of Cubic Corporation (NYSE: CUB), has been awarded a contract valued at approximately $35 million as part of an industry team developing the Common Range Integrated Instrumentation System (CRIIS) for U.S. military test ranges. To read the full news, click here.
- Syneron Medical Ltd. (NASDAQ: ELOS) today announced third quarter 2010 financial results for the three month period ended September 30, 2010. To read the full news, click here.
- CDC Software Corporation (NASDAQ: CDCS) today announced financial results for the third quarter ended September 30, 2010. To read the full news, click here.
Read more from Benzinga's Markets.
Sign up for Trader’s Expo Las Vegas to learn expert strategies from the top investors
