US Stocks Gain as Earnings Top Forecasts; BlackBerry Gets Boost From Pentagon

By
A A A

U.S. stock futures edged higher Tuesday following a long weekend and as the week kicked off with a slew of corporate earnings, including Johnson & Johnson ( JNJ ) edging higher 0.3% and Verizon ( VZ ) gaining 0.72% before the bell as earnings topped forecasts.

Also in equities, troubled smartphone maker BlackBerry ( BBRY ) rose nearly 8% in premarket trade after the U.S. Defense Department said the mobile platform remains important.

Meanwhile, foreign exchange traders were moving into the U.S. dollar this morning amid speculation that the Federal Reserve might reduce asset purchases further at next week's FOMC meeting.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.43%

-S&P 500 futures up 0.38%

-Nasdaq 100 futures up 0.51%

-Nasdaq-100 Pre-Market Indicator up 0.33%

GLOBAL SENTIMENT

Nikkei up 0.99%

Hang Seng up 0.45%

Shanghai Composite up 0.99%

FTSE-100 up 0.19%

DAX-30 up 0.56%

PRE-MARKET SECTOR WATCH

(+) Large cap tech: higher

(+) Chip stocks: higher

(+) Software stocks: higher

(+) Hardware stocks: higher

(+) Internet stocks: higher

(+/-) Drug stocks: flat to higher

(+/-) Financial stocks: mixed

(+/-) Retail stocks: mixed

(+) Industrial stocks: higher

(+) Airlines: higher

(+) Autos: higher

UPSIDE MOVERS

(+) HAL (+1.26%) Q4 earnings beats expectations

(+) BHI (+1.94%) Q4 EPS exceeds views by one cent

(+) DAL (+3.15%) Q4 earnings tops market view

(+) AA (+3.43%) JPMorgan raises co to overweight from neutral, ups price target

(+) HEB (+20.00%) Chardan initiates coverage, sets price target at $3

(+) MSTX (+4.71%) Enrollment in sickle cell disease drug study on target

(+) PSTI (+4.29%) Posts top-line results from muscle injury drug study

(+) IBIO (+62.00%) Gets China patent allowance for HPV-related cancer vaccine

DOWNSIDE MOVERS

(-) AMRN (-25.11%) FDA won't reinstate Anchor SPA agreement

(-) ACI (-3.45%) Q4 earnings to be hurt by production

(-) RF (-0.19%) Q4 EPS miss expectations



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: BBRY , JNJ , VZ

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

My Career No Longer Exists
My Career No Longer Exists          

Stocks

Referenced

Most Active by Volume

105,767,201
  • $46.30 ▲ 19.98%
80,574,036
  • $15.58 ▲ 1.56%
66,424,299
  • $3.46 ▲ 1.76%
42,459,394
  • $3.82 ▲ 0.79%
36,704,800
  • $13.98 ▼ 14.02%
35,625,113
  • $74.677 ▲ 1.31%
33,067,430
  • $29.26 ▼ 0.71%
32,374,580
  • $98.15 ▼ 0.23%
As of 7/30/2014, 04:04 PM