US stock index futures moved lower Friday, amid anxiety about the global economic recovery and administration and as government negotiators reached an accord on financial regulation overhaul.
Lawmakers reached an early-morning deal on the newly-name Dodd-Frank bill, a sweeping financial reform of financial regulations, working until the 11th hour to debate controversial provisions
Meanwhile, here's what guests on today's Squawk on the Street are watching before the opening bell:
With slowing market momentum, expect caution to play out over the rest of 2010, warns Peter Andersen, portfolio manager with Congress Asset Management. That said, he still thinks two businesses are very likely undervalued right now:
Motorola's Droid handset will challenge the iPhone, Andersen says. Also Motorola plans to split into two separate businesses in the first quarter of 2011, and the resulting companies will have excellent balance sheets and strong business plans, he says.
The beauty supply retailer is a recession resistant industry that opened 150 stores in the past year and has 40 percent eps growth expected. The well-respected company also owns almost 50 percent of the public stock, Andersen says.
Research in Motion
With Research in Motion shares dropping more than 5 percent afterhours on disappointing BlackBerry shipments, Jim Suva, director of Investment Research at Citi, says he's lowered his price target to $50 from $55.
See more of what these and other analysts and money managers have to say, and get the latest financial news. Watch Squawk on the Street every weekday morning starting at 9 a.m. ET.
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