Futures Weak Ahead Of Open
9:05am (EST)
The market held up well for much of Monday’s session due to the strength of the Financial stocks but after the closing bell sounded, the Dow ended the day with a slight 19 point loss to settle at 10,383.
The S&P gave up a point and closed at 1,108 while the Nasdaq fell 2 points and finished at 2,242.
Bank of America (BAC, $16.21, up $0.33) got a lift after a federal judge reluctantly approved a $150 million settlement with the Securities and Exchange Commission (SEC) regarding the company’s merger with Merrill Lynch.
We still have a slew of earnings that the market will digest this week and here is the list of companies we will be watching (quotes are as of Monday’s close):
Tuesday: Barnes & Noble (BKS, $21.51, down $0.17), Blue Coat Systems (BCSI, $29.15, up $0.63), DreamWorks Animation SKG (DWA, $40.87, up $0.14), El Paso Electric (EE, $20.58, up $0.10), Herbalife (HLF, $39.43, down $0.64), Home Depot (HD, $30.32, up $0.17), Office Depot (ODP, $6.65, up $0.08), Papa Johns International (PZZA, $23.17, up $0.15), Target (TGT, $50.64, down $0.09) and Vornado Realty Trust (VNO, $65.68, up $0.06).
Wednesday: American Tower (AMT, $43.78, down $0.14), Churchill Downs (CHDN, $35.95, up $0.09), Dollar Tree Stores (DLTR, $49.53, down $0.47), Express Scripts (ESRX, $89.37, down $0.75), Flowserve (FLS, $99.09, up $0.18), Garmin (GRMN, $34.92, up $1.20), General Mills (GIS, $72.29, down $0,07), Health Care REIT (HCN, $42.00, up $0.14), J. M. Smucker (SJM, $60.39, down $0.16), Transocean (RIG, $85.30, up $0.18), Washington Post (WPO, $415.33, up $0.01) and Wynn Resorts (WYNN, $63.02, up $0.77).
Thursday: CenturyTel (CTL, $35.12, up $0.02), Deutsche Telekom (DT, $13.13, down $0.18), Fluor (FLR, $46.40, up $0.46), Gap (GPS, $19.77, down $0.08), H.J. Heinz (HNZ, $45.93, down $0.06), Kaydon (KDN, $34.83, up $0.22), Kohl’s (KSS, $51.13, down $0.61), Mohawk Industries (MHK, $46.80, up $0.02), Newmont Mining (NEM, $47.73, down $0.81), Revlon (REV, $15.93, down $0.38), Rosetta Stone (RST, $17.07, down $0.02), Safeway (SWY, $23.79, flat), and Steak n’ Shake (SNS, $347.98, down $0.28).
Friday: Bare Escentuals (BARE, $18.19, flat), Boyd Gaming (BYD, $7.79, up $0.04), Frontline (FRO, $28.66, up $1.12), Isis Pharmaceuticals (ISIS, $9.03, up $0.06) and Shanda Interactive Entertainment (SNDA, $46.91, down $2.18).
As we head to press, Dow futures are off by 40 points to 10,334 while the S&P 500 futures are down by 8 points to 1,102. The Nasdaq futures are lower by 8 to 1,812. This was a big difference from last night as futures were up strongly shortly after midnight.
]]>