A Peek Into The Market Before The Trading Starts - Goldman Sachs Gr (NYSE:GS), Boeing (NYSE:BA)

Pre-open movers

US stock futures moved up, as investors are awaiting another round of earnings from several major companies today. Futures for the Dow Jones Industrial Average gained 20 points to 10,963.00, while those for the S&P 500 rose 4 points to 1,167.80. Futures for the Nasdaq 100 moved up 10.25 points to 2,077.75.

A Peek Into Global Markets

Positive sentiments ruled the European markets today. While STOXX Europe 600 Index has advanced 0.33%, London's FTSE 100 Index moved up 0.28%. Most of the Asian markets ended in the negative territory, with Japan's Nikkei Stock Average losing 1.66%, Australia's S&P/ASX 200 moving down 0.69% and China's Shanghai Composite gaining 0.07%.

Broker Recommendation

Oppenheimer & Co. is out with a note on Goldman Sachs Group, Inc.

, after the investment bank reported earnings yesterday that blew away Wall Street expectations. It has an Outperform rating and a $185 price target on shares. In an note to clients, Oppenheimer writes, "This was one of the slowest trading quarters in memory, and still the company recorded an ROE of 10%, even while carrying what we still view as a substantial amount of excess capital (Tier 1 common ratio of 13%). Tangible book value (

TBV

) increased 3% linked quarter to $116.23/share." Shares of GS closed at $156.72 yesterday, a gain of $3.02 or 1.96%.

Breaking news

The Boeing Company BA increased its 2010 earnings per share guidance to between $3.80 and $4.00 per share and operating cash flow guidance to greater than $1.5 billion reflecting the continued strong performance in its Commercial Airplanes business. To read the full news, click here.
Stanley Black & Decker SWK today announced third quarter 2010 financial results. To read the full news, click here.
Pfizer Inc. PFE announced today that it is entering into a partnership with Laboratorio Teuto Brasileiro S.A., a leading company in the Brazilian generics industry, to develop and commercialize generic medicines. To read the full news, click here.
Morgan Stanley MS today reported income of $313 million, or $0.05 per diluted share,1 from continuing operations applicable to Morgan Stanley for the quarter ended September 30, 2010 compared with income of $936 million, or $0.50 per diluted share, for the same period a year ago. To read the full news, click here.

from Benzinga's Markets.

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