US Stocks Set For Rebound Amid Earnings And Deals; Investors Still Shun Emerging Markets

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US stocks were set to open higher Monday after last week's sell-off which saw the major indices down 2% on Friday. Both European and Asian markets were in the red Monday as jittery investors continued to flee emerging markets amid signs of slower growth.

Later this morning, December new home sales are expected to have dropped another 1.9% from November after having declined 2.1% in November. Nevertheless, new home sales have risen significantly from the July low. Tomorrow, the Federal Reserve starts a two-day policy meeting with investors waiting to hear whether it will further taper the asset-purchasing program that has buoyed markets.

In equities, Caterpillar ( CAT ) jumped 7% as Q4 earnings topped expectations and as it announced a new $10 billion stock buyback program. Ariad Pharmaceuticals ( ARIA ) was set to gain for a fourth session, adding another 3% pre-bell, amid takeover speculation. Meanwhile, cable operator Liberty Global ( LBTYA ) shed 4% after agreeing to buy Dutch cable operator Ziggo for stock and cash valuing it at $10 billion euros ($13.7 billion.)


U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.34%

-S&P 500 futures up 0.40%

-Nasdaq 100 futures up 0.18%

-Nasdaq-100 Pre-Market Indicator up 0.11%

GLOBAL SENTIMENT

Nikkei down 2.51%

Hang Seng down 2.11%

Shanghai Composite down 1.33%

FTSE-100 down 1.14%

DAX-30 down 0.06%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(+/-) Chip stocks: flat to higher

(+/-) Software stocks: mixed

(+/-) Hardware stocks: mixed

(+/-) Internet stocks: mixed

(+/-) Drug stocks: mixed

(+/-) Financial stocks: mixed

(+) Retail stocks: higher

(+) Industrial stocks: higher

(+) Airlines: higher

(+) Autos: higher

UPSIDE MOVERS

(+) RYN (+8.52%) Q4 beats views; plans to split co in two

(+) YRCW (+11.66%) Teamsters approve debt-reduction, job-saving plan

(+) CLSN (+6.01%) Liver cancer drug shows significant survival improvement

(+) MRK (+1.48%) Morgan Stanley upgrades to overweight from underweight

(+) AEP (+2.20%) Q4 tops expectations; reaffirms FY14 guidance

(+) RCL (+3.73%) Reports better-than-expected Q4, guidance

(+) NWBO (+11.16%) Inks manufacturing expansion pact

(+) MM (+18.33%) Preliminary Q4 tops co's expectations

(+) AAPL (+0.79%) Co will report earnings after market close

DOWNSIDE MOVERS

(-) GERN (-11.92%) Myelofibros study closed to new patient enrollments

(-) VOD (-2.31%) AT&T doesn't plan bid for co

(-) CSCO (-2.18%) JPMorgan downgrades stock to underweight from neutral



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: ARIA , CAT , LBTYA

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