A Peek Into The Market Before The Trading Starts

Pre-open movers After moving up modestly on strong economic data from the UK and Germany, US stock futures held their gains after Honeywell HON and Ford F reported their results. While futures on the Dow Jones Industrial Average added 30 points to 10297, those on the S&P 500 moved up 4 points to 1091.70. Meanwhile, Nasdaq 100 futures climbed 8 points to 1860.75. A Peek Into Global Markets Sentiments in the European markets are mixed, with STOXX Europe 600 Index advancing 0.38% and London’s FTSE 100 Index moved down 0.23%. Asian markets ended in the positive territory, with Japan's Nikkei Stock Average adding 2.28%, Australia's S&P/ASX 200 moving up 1.83% and China's Shanghai Composite gaining 0.38%. Broker Recommendation Beckman Coulter, Inc BEC reported disappointing 2Q earnings, and missed estimates in all segments. Beckman is a manufacturer of biomedical testing instruments and supplies. Piper Jaffray analysts William Quirk and David Clair promptly downgraded Beckman to Neutral. To read the full report, click here. Breaking news
  • Banco Santander S.A. STD today announced the completion of the tender offer by its wholly-owned subsidiary, Administracion de Bancos Latinoamericanos Santander, S.L. ("ABLASA"), for all outstanding shares of common stock of Santander BanCorp (SBP) not owned by ABLASA at US$12.69 per share. To read the full news, click here.
  • Honeywell International Inc HON reports its Q2 EPS at $0.60, higher than the consensus of $0.57. HON reports its Q2 revenue at $8.16 billion versus the consensus of $8.0 billion. To read the full news, click here.
  • Microsoft Corporation MSFT reports Q4 EPS $0.51 vs consensus of $0.46. Microsoft Corporation reports Q4 revenue $16.04 billion vs consensus of $15.27 billion. Diluted EPS rose 22% year over year for Q4. FY 2010 EPS rose 50% year over year. To read the full news, click here.
  • Ford Motor Company F reports Q2 EPS at $0.61, beating the consensus of $0.40. To read the full news, click here.
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Posted In: EarningsLong IdeasNewsFuturesGlobalPre-Market OutlookIntraday UpdateMarketsMoversTrading IdeasAerospace & DefenseAutomobile ManufacturersConsumer DiscretionaryDiversified BanksFinancialsHealth CareHealth Care EquipmentIndustrialsInformation TechnologyRegional BanksSystems Software
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