Futures pointed to a flat to slightly higher open for Wall Street on Monday as a new week brings another heavy dose of corporate earnings, following the first weekly loss in three for the U.S. stock market's major averages.
Dow component Verizon helped keep futures positive, posting a profit of 60 cents a share that narrowly topped analyst estimates. Shares gained 1.9 percent in premarket trading.
Banking stocks, though, could be a drag on the indexes after Rochdale Securities analyst Richard Bove downgraded three of the industry's bigger names.
Bove cut SunTrust and Fifth Third Bancorp to sell from neutral and knocked US Bancorp down to neutral. SunTrust shares dropped 2.3 percent premarket.
On the flip side, Novatel Wireless shares jumped 5.4 percent after Barron's said the company's shares could move toward $20 due to sales from a new Wi-Fi network device.
And Terradata shares gained 4 percent after Barron's said the company could hit $52 if revenue growth hits expectations.
And Legg Mason shares rose 2 percent on news that Nelson Peltz will be elected to the company's board, a move that will avoid a proxy fight. Peltz owns Trian Fund Management, which holds about 4.3 percent of Legg Mason's shares. He agreed that he would not accumulate more than 9.9 percent for the next two years.
As October draws to a close, the S&P 500 and the Nasdaq remain on track for their eighth consecutive monthly gains and their best yearly gains since 2003.
Companies of note reporting earnings this morning: Corning; McGraw-Hill; and RadioShack; Tellabs.