Stock futures got a modest boost from the better than expected
December retail sales figures, but the revision to November
prevented futures from making any aggressive moves higher. Futures
had been moving cautiously higher before earnings from JP Morgan (
) and Wells Fargo (
) but with both out of the way, the market can try and regain its
footing from yesterday's triple-digit loss in the Dow Industrials.
Currently, all three major indices are posting constructive gains
in pre-market trading with the tech sector getting a boost from
) acquisition of Nest Labs and Charter Communication (
) bid to take over Time Warner (
Retail sales increased 0.2% in December versus the consensus
estimate for sales to remain unchanged. Excluding autos, retail
sales rose a greater than expected 0.7%. Excluding both autos and
fuel sales, total sales were also up a better than expected
-Dow Jones Industrial up 0.17%
-S&P 500 futures up 0.21%
-Nasdaq 100 futures up 0.25%
Nikkei down 3.08%
Hang Seng down 0.43%
Shanghai Composite up 0.86%
FTSE-100 up 0.04%
DAX-30 down 0.17%
PRE-MARKET SECTOR WATCH
(+) Large cap tech: higher
(+) Chip stocks: higher
(+) Software stocks: higher
(+) Hardware stocks: higher
(+) Internet stocks: higher
(+/-) Drug stocks: mixed
(+/-) Financial stocks: mixed
(+) Retail stocks: higher
(+/-) Industrial stocks: mixed
(+) Airlines: higher
(+) Autos higher
MNOV (+92%) Announced positive results from a study that
examined the potential clinical efficacy of MN-001 for the
treatment of NASH (nonalcoholic steatohepatitis).
ISRG (+11.69%) Expects Q4 revenue of about $576 mln, better than
the analyst consensus of $548.5 mln on Capital IQ.
HTCH (+6.96%) Expects Q1 sales of $70 mln, better than the
analyst consensus of $64.9 mln on Capital IQ.
OPTT (+56.11%) Its Australian project specific operating unit
has reached a funding accord with the Australian Renewable Energy
Agency amending a $59.9 million grant.
GME (-13.15%) Announced lower-than-expected guidance for Q4 and
full-year 2013 EPS on slower than forecast sales of new software
and lower gross margins.
APU (-5.56%) Heritage ETC, L.P commenced a public underwritten
offering of 8,000,000 AmeriGas common units that it currently
SSYS (-4.62%) Estimates its non-GAAP diluted EPS for fiscal 2014
to be in the range of $2.15 to $2.25, trailing the Capital IQ
consensus of $2.35.
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