A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures moved up today. Futures on the Dow Jones Industrial Average gained 29 points to 11,119, while the S&P 500 futures rose 4.40 points to 1,187.50. Nasdaq 100 futures surged 7 points to 2,136.00. A Peek Into Global Markets Positive sentiments ruled the European markets today. While STOXX Europe 600 Index has advanced 0.12%, London's FTSE 100 Index moved up 0.84%. Most of the Asian markets ended in the positive territory, with Japan's Nikkei Stock Average adding 0.06%, Australia's S&P/ASX 200 moving up 0.05% and China's Shanghai Composite losing 0.27%. Broker Recommendation Skilled Healthcare Group SKH is being upgraded from Hold to Buy by Citigroup as a result of the company obtaining a CA verdict supporting them and consecutive quarters of exceeded expectations. In the report, Citigroup writes "SKH raised '10 revenue, EBITDA and EPS (+5c to 92- 97c) guidance. 4Q10 implied EBITDA guidance is $28.8-32.8 vs cons $29.3. 4Q10 implied EPS guidance is 19-24c vs current cons 22c. This is good signaling one month into RUGsIV implementation. Including incremental interest expense and compliance and monitoring costs associated with the CA legal settlement, we are raising 2010/11/12 EPS from 86/75/87c to 94/94/$1.04. With the CA legal settlement completed, we are lowering our risk rating from Speculative to High. Our estimate changes and the process of rolling our forward target P/E onto 2012 lifts our relative value 12month price target from $5 to $7 (see table herein), using a 2012 target P/E of 7.0x (implied '12 target EV/EBITDAR 6.3x)." Citigroup has also raised the price target from $5 to $7 on Skilled Healthcare, which closed yesterday at $3.93. Breaking news

• Teva Pharmaceutical Industries TEVA released financial results that beat Wall Street earnings estimates, while missing revenue expectations. To read the full news, click here.
• Talisman Energy Inc. TLM on Tuesday morning released financial results that missed Wall Street earnings expectations, while beating revenue estimates. To read the full news, click here.
• Greenwood Village, Colorado based Newmont Mining Corporation NEM announced on Tuesday morning that it easily beat consensus Wall Street estimates. To read the full news, click here.
• Fresh Del Monte FDP reports its adjusted Q3 EPS at $0.22, missing the consensus of $0.28. To read the full news, click here.

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