S&P fair value is at +4.50. NASDAQ fair value is +7.00. The Dow posted it’s 11th out of 12 trading loss while the S&P 500 posted its 10th out 12 trading loss yesterday setting up the U.S. markets for it third straight weekly slide and the S&P largest loss since November.
Stock futures are up solidly before the bell ahead of the largest IPO today of a little knows company called Facebook [stock FB].
In overnight trading we had a serious of downgrades in Spanish banks. The euro mustered up advancements against the U.S. dollar. The EUR/USD is trading 0.13% up in early morning trade.
Early morning analyst upgrades are as follows:
|
Symbol |
Company |
| CP [stock CP] | CANADIAN PAC RAILWAY LTD COM |
| MM [stock MM] | MILLENIAL MEDIA INC COM |
| PBH [stock PBH] | PRESTIGE BRANDS HOLDINGS INC COM |
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