A Peek Into The Market Before The Trading Starts - MGM Resorts Intl (NYSE:MGM)

Pre-open movers

US stock futures are higher this morning, as investors are awaiting earnings reports and economic data. Futures for the Dow Jones Industrial Average jumped 35 points to 12,455.00 and S&P 500 index futures rose 4.50 points to 1,293.80. Nasdaq 100 futures gained 10.75 points to 2,400.50.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index rose 0.11%, London's FTSE 100 Index moved up 0.21%, French CAC 40 index rose 0.40% and German DAX 30 index surged 0.57%. Asian markets ended mixed, with Japan's Nikkei Stock Average surging 0.9943%, China's Shanghai Composite dropping 1.39% and Australia's S&P/ASX 200 moving up 0.07%. Hong Kong's Hang Seng Index rose 0.3015% and India's Sensex fell 0.09%.

Broker Recommendation

Analysts at Credit Suisse upgraded MGM Resorts International

MGM

from “underperform” to “neutral.” The target price for MGM Resorts has been raised from $10 to $13. MGM Resorts shares gained 0.65% to $12.33 in pre-market trading.

Breaking news

Rainmaker Systems Inc RMKR today announced it has been awarded one-year contract extensions by two different global B2B e-commerce clients. To read the full news, click here.
Procera Networks Inc PKT today announced it has received a $2 million follow-on order from a leading North American Cable MSO. To read the full news, click here.
Streamline Health Solutions Inc STRM today announced that Nationwide Children's Hospital has extended its licensing agreement for five years and adds additional document management and workflow solutions to its existing Streamline Health solutions. To read the full news, click here.
Claude Resources Inc CGR announced that St. Eugene Mining Corporation Limited shareholders have approved the acquisition, by Claude, of all of the issued and outstanding shares of St. Eugene that it does not already own pursuant to a court-approved plan of arrangement. To read the full news, click here.

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