A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher this morning, as investors are awaiting January's key nonfarm payrolls figures. Futures on the Dow Jones Industrial Average gained 12 points to 12,021 and S&P 500 futures rose 1.40 points at 1,305. Nasdaq 100 futures gained 1.25 points to 2,323. A Peek Into Global Markets Positive sentiment ruled the European markets today. While STOXX Europe 600 Index has gained 0.30%, London's FTSE 100 Index moved up 0.38%. Asian markets ended higher, with Japan's Nikkei Stock Average gaining 1.08% and Australia's S&P/ASX 200 rising 0.80%. Broker Recommendation Credit Suisse is out with its report today on Tesoro TSO, upgrading TSO from Neutral to Outperform. In a note to clients, Credit Suisse writes, "Holding TSO shares is a play on rising EBITDA from self-help and the economy, with some EBITDA multiple expansion potential also. We raise our rating on TSO from Neutral to Outperform. We are revising our 2010/2011 EPS estimates to ($0.29)/ $1.69 from ($0.24)/ $1.57 respectively.Our 2011 EPS rises by c8% while our longer-term earnings are largely unchanged. Our EBITDA in 2011 rises by 5% while longer-term estimates rise by 2%." Credit Suisse has a $30 PT on TSO. Shares of TSO are trading pre-market at $20.50, up 1.84% from Thursday's close. Breaking news

• Fortune Brands FO reports its Q4 adjusted EPS at $0.63, beating the consensus of $0.58. To read the full news, click here.
• Constellation Energy CEG reports its Q4 adjusted EPS at $0.42, up from $0.30, in the year-ago period. To read the full news, click here.
• Weyerhaeuser WY reports its Q4 adjusted EPS at $0.10, beating the consensus of $0.06. To read the full news, click here.
• OAO Rosneft, Russia's largest oil producer, is reportedly pursuing a stake in TNK-BP, the joint venture between Russian oligarchs and BP BP. Russian consortium Alfa Group, Access and Renova (AAR) may sell its stake in TNK-BP, Russia's third-largest oil producer, to Rosneft, according to Russian business daily Vedomosti. To read the full news, click here.

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