A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are mixed this morning, as investors are awaiting data on economic growth and existing home sales. Futures on the Dow Jones Industrial Average gained 4 points to 11,475.00 and S&P 500 index futures gained 0.30 point to 1,251. Nasdaq 100 futures fell 1.50 points to 2,234. A Peek Into Global Markets Positive sentiment ruled the European markets today. While STOXX Europe 600 Index has advanced 0.10%, London's FTSE 100 Index moved up 0.36%. Asian markets ended mixed, with Japan's Nikkei Stock Average losing 0.23%, Australia's S&P/ASX 200 moving up 0.15% and China's Shanghai Composite falling 0.91%. Broker Recommendation Wunderlich Securities is raising its price target to $50 and is reiterating its Buy rating on shares of Bank of the Ozarks, Inc. OZRK. In a note sent to clients, Wunderlich writes, "We reiterate our Buy rating on shares of Bank of the Ozarks (OZRK) and we are raising our price target by $5 to $50 at this time. Shares of OZRK have “only” risen 19% since August 31, slightly outpacing the average increase for banks in our research universe, and at current levels OZRK shares are approaching our previous price target of $45. We believe that Bank of the Ozarks is one of the best positioned consolidators in our universe, with abundant capital and a track record of exceeding consensus expectations. Such a profile argues for a premium valuation versus peers, and we expect OZRK's premium valuation to remain intact for the next several quarters." Shares of OZRK gained 80 cents yesterday to close at $44.16, a gain of 1.85%. Breaking news
  • Williams-Sonoma, Inc. WSM today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share. To read the full news, click here.
  • AECOM Technology Corporation ACM, a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that Dr. Rob J. Routs, a former executive and board member of Royal Dutch Shell plc, has joined its Board of Directors. To read the full news, click here.
  • Teradata Corporation TDC today announced the signing of a definitive agreement to acquire Aprimo for approximately $525 million including the assumption of approximately $25 million of cash at closing, subject to adjustment. To read the full news, click here.
  • Walgreen WAG reports its Q1 EPS at $0.62, beating the consensus of $0.54. To read the full news, click here.
Read more from Benzinga's Markets.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: Analyst ColorEarningsLong IdeasNewsShort IdeasDividendsFuturesPrice TargetManagementM&AGlobalMarketsAnalyst RatingsTrading IdeasComputer HardwareConstruction & EngineeringConsumer DiscretionaryConsumer StaplesDrug RetailFinancialsHomefurnishing RetailIndustrialsInformation TechnologyRegional BanksUS Stock FuturesWunderlich Securities
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!