U.S. stocks were poised to rise at the open, with the S&P 500 set to hit its highest since 2007, as a surprise drop in the jobless rate gives legs to this week's rally. S&P 500 futures rose 6.2 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
**ZYNGA INC, Thursday close $2.81, down 22.4 pct premarket. Brokerages lowered their price targets on Zynga's stock by up to $3 per share after the social-games maker slashed its 2012 outlook for the second time due to a decline in paying customers. Facebook, which derives over a tenth of its revenue from fees paid by Zynga, was also set to open lower as was Groupon.
U.S. stock index futures pointed to a mixed open on Wall Street, with futures for the S&P 500 slipping by 0.1 percent, while the Dow Jones and Nasdaq 100 futures contracts rose around 0.1 percent. **ZYNGA INC, Thursday close $2.81, down 19.2 pct premarket.
Embattled U.S. truck and engine maker Navistar International Corp, a rival of Sweden's AB Volvo, may close factories in its bid to cut costs, its newly named CEO Lewis Cambell said in a Reuters interview late on Thursday. For more on Volvo, click on ERICSSON.
Embattled U.S. truck and engine maker Navistar International Corp, a rival of Sweden's AB Volvo, may close factories in its bid to cut costs, its newly named CEO Lewis Cambell said in a Reuters interview late on Thursday. For more on Volvo, click on NORDEA, SAMPO.
Oct 1- Navistar International Corp:. *Northcoast research cuts Navistar International to sell rating. Reuters Station users, click. 1568.
Navistar International has faced heavy downward pressure, but now some traders apparently think that it's ready to shine.
Carl Icahn upped his stake in Navistar, with the Fast Money traders; and Barclays and Goldman Sachs are increasing their price forecast for grain futures as corn continues to rally, with Jim Bower, Bower Trading. "If this weather stays inflammatory, and we keep dropping this yield down on soybeans, we could be faced with a protein shortage worldwide in the months to come," says Bower.
Take a look at some of Thursday's midday movers:
Navistar’s announcement today that it plans to introduce a “clean engine technology” appears to be a sputtering effort to save face.
Take a look at some of Friday’s morning movers:
One of the biggest Navistar critics, Gimme Credit analyst Vicki Bryan, still has her “sell” on Navistar, but with an asterisk: It all depends on what the company says on Friday.
Take a look at some of Tuesday’s morning movers:
Check out his “Game Plan” for the days to come.
Take a look at some of Friday's midday movers:
DealReporter is reporting that Navistar has recently interviewed “financial advisors for defensive advice.” Even if Navistar did hire advisors, would it be too little too late?
Take a look at some of Wednesday's midday movers:
With two big investors in the past week taking stakes that control more than 25 percent of Navistar’s stock, bankruptcy would appear to be the last thing that could happen at beleaguered Navistar.
Following are moves you might have missed. Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Are Carl Icahn and Mark Rachesky pals or rivals when it comes to Navistar?