A Peek Into The Market Before The Trading Starts - Boston Scientific (NYSE:BSX), Acacia Research (NASDAQ:ACTG)

Pre-open movers

US stock futures are higher this morning. Futures for the Dow Jones Industrial Average gained 12 points to 13,168.00 and S&P 500 index futures rose 3.50 points to 1,413.30. Nasdaq 100 futures climbed 15 points to 2,790.00.

A Peek Into Global Markets

European markets were mostly higher today. The STOXX Europe 600 Index rose 0.12%, French CAC 40 Index rose 0.12% and German DAX 30 index gained 0.24%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 0.16%, China's Shanghai Composite falling 1.74% and Australia's S&P/ASX 200 dropping 0.08%. Hong Kong's Hang Seng Index declined 0.41% and India's Sensex fell 0.59%.

Broker Recommendation

Analysts at Jefferies upgraded rue21

RUE

from “hold” to “buy.” The target price for rue21 has been raised from $32 to $40. rue21 shares dropped 6.89% to close at $26.88 on Friday.

Breaking news

Acacia Research ACTG announced today that its subsidiaries including Advanced Data Access LLC and Smart Memory Solutions LLC entered into an agreement with Fujitsu Semiconductor America, Inc. and Fujitsu Semiconductor Limited. To read the full news, click here.
European regulators have approved an expanded indication for the Boston Scientific BSX WATCHMAN® Left Atrial Appendage (LAA) Closure Device. To read the full news, click here.
Trimble TRMB announced today that it has entered into a definitive agreement to acquire privately-held TMW Systems, Inc., a leading provider of enterprise software to transportation and logistics (T&L) companies. To read the full news, click here.
ImmunoGen IMGN today announced that Roche has reported that updated results from its EMILIA Phase III trial show that patients treated with trastuzumab emtansine had a significant improvement in OS compared to those randomized to standard-of-care therapy. To read the full news, click here.

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