Pre-opening Comments for Friday November 11th   U.S. equity index futures are higher this morning. S&P 500 futures are up 12 points in pre-opening trade. Investors are responding to news that Italy’s parliament is moving toward approval of an austerity program. Italy’s Senate approved the program this morning. The program now goes to the Chamber [...]

Pre-opening Comments for Wednesday August 10th U.S. equity index futures are lower this morning. S&P 500 futures are down 27 points in pre-opening trade. Concerns about European sovereign debt have resurfaced. The U.S. Dollar is weaker overnight. Commodities priced in U.S. Dollars rose. Gold added $23.60 per ounce, silver gained $0.58 per ounce, crude oil [...]

Pre-opening Comments for Wednesday May 11th U.S. equity markets are mixed this morning. S&P 500 futures are up unchanged in pre-opening comments. China’s inflation rate in April remained higher that the government’s target. Target is 4.0% on a year over year basis. Actual was 5.3%. The Shanghai Composite Index fell 8 point to 2,883 following [...]

  Walt Disney Company (NYSE:DIS) – $32.37 Walt Disney was upgraded this morning by Bank of America/ Merrill from Neutral to Buy. Target price was raised from $33 to $42. Disney has an improving technical profile. This morning the stock briefly broke resistance at $32.75 to reach a 17 month high. Short term momentum indicators [...]

Pre-opening Comments for November 13th U.S. equity index futures are slightly higher this morning. S&P 500 futures are up 3 points in pre-opening trade. Slight weakness in the U.S. Dollar contributed to strength. Equity index futures did not respond significantly to news on the U.S. Trade Deficit released at 8:30 AM EST. Consensus for the [...]