Market Overview

A Peek Into The Market Before The Trading Starts

Related TMH
TeamHealth Acquires Premier Physician Services
Team Health Holdings, Inc. Completes Amendment and Restatement of Existing Credit Facility
Related PVH
Wunderlich Initiates Coverage On Several Apparel Retailers
UPDATE: Wunderlich Securities Initiates Coverage On PVH Corp As Tommy & Calvin Rule The World

Pre-open movers US stock futures are higher this morning after Hurricane Sandy closed trading for two days. Futures for the Dow Jones Industrial Average surged 52 points to 13,106.00 and S&P 500 index futures rose 9 points to 1,416.60. Nasdaq 100 futures gained 11.50 points to 2,670.50.

A Peek Into Global Markets European markets were mostly higher today. The STOXX Europe 600 Index climbed 0.22%, London's FTSE 100 Index fell 0.13%, French CAC 40 Index gained 0.35% and German DAX 30 index rose 0.65%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 0.98%, China's Shanghai Composite gaining 0.32% and Australia's S&P/ASX 200 rising 0.66%. Hong Kong's Hang Seng index surged 1% and India's Sensex gained 0.40%.

Broker Recommendation Analysts at Piper Jaffray upgraded Team Health Holdings (NYSE: TMH) from “neutral” to “overweight.” The target price for Team Health has been raised from $27 to $30.

Team Health shares closed at $25.60 on Friday.

Breaking news

  • PVH (NYSE: PVH) and The Warnaco Group (NYSE: WRC) today announced that they have entered into a definitive merger agreement pursuant to which PVH will acquire Warnaco and holders of Warnaco common stock will receive $51.75 in cash and .1822 of a share of PVH common stock for each share of Warnaco common stock. To read the full news, click here.
  • Abaxis (NASDAQ: ABAX) today announced the Company has signed an exclusive multi-year distribution agreement with Abbott's (NYSE: ABT) Point of Care business to market and distribute the Piccolo Xpress, a portable clinical chemistry system and its full line of one-time use reagent discs to the human medical market. To read the full news, click here.
  • Acacia Research (NASDAQ: ACTG) announced today that its Unified Messaging Solutions LLC subsidiary has entered into a license and settlement agreement with Comcast Cable Communications LLC (NASDAQ: CMCSA). To read the full news, click here.
  • Nice Systems (NASDAQ: NICE) reported an upbeat third-quarter profit and lifted its full-year profit view. To read the full news, click here.

Posted-In: Piper Jaffray US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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