A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures moved up slightly after the mid-term elections. The investors are also awaiting the decision of Federal Reserve. Futures for the Dow Jones Industrial Average rose 11 points to 11,163 and those for the S&P 500 index gained 1 point to 1,193.70. Futures for the Nasdaq 100 index moved up 0.75 point to 2,151.00. A Peek Into Global Markets Positive sentiments ruled the European markets today. While STOXX Europe 600 Index has advanced 0.35%, London's FTSE 100 Index moved up 0.11%. 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 0.43% and China's Shanghai Composite losing 0.46%. Broker Recommendation J.P. Morgan Chase & Co. is raising its price target on Medco Health Solutions, Inc. MHS to $78 from $74 after it reported earnings yesterday. It has an Overweight rating on shares. In a note to clients, J.P. Morgan writes, "For 2010, we raised our adjusted EPS estimate from $3.38 to $3.40, which is at the upper end of the new $3.38-$3.40 guidance. For 2011, our new adjusted EPS estimate is $4.06, which is based on the new methodology for calculating adjusted EPS (excluding all intangible asset amortization), is at the midpoint of the guidance range and implies 14% y/y growth on an apples-to-apples basis. For 2012, we are maintaining our GAAP EPS estimate, which implies $5.00 in adjusted EPS (up from $4.77 under the old methodology). This conservatively equates to 23% y/y growth in 2012." Shares of MHS gained $5.63 yesterday to close at $58, a gain of 10.75%. Breaking news

• DSW Inc. DSW announced net sales for the third quarter ended October 30, 2010 increased to $489.3 million compared with $444.6 million for the quarter ended October 31, 2009. To read the full news, click here.
• Time Warner Inc. TWX today updated its 2010 full-year business outlook. To read the full news, click here.
• Qwest Communications International Inc Q reports its Q3 EPS, ex-items, at $0.11, beating the consensus of $0.10. To read the full news, click here.
• On November 1, 2010, the Board of Directors of Consolidated Graphics, Inc. CGX authorized a new common share repurchase program for the purchase of the Company's issued and outstanding common shares up to an aggregate of $50 million. To read the full news, click here.

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