Ahead Of Tomorrow's Jobs Report

Good morning. Premarket futures are positive as several analysts recommend buying Lehman Brothers (LEH), investors look through May retail sales reports including better-than-expected reports from Wal-Mart (WMT) & Costco (COST), and we have some M&A activity between Alltel & Verizon Communications (VZ).

Premarket gainers: TRCA, VNDA, CMTL, SBLK, VRTX, ZRAN, CACH, UAUA, UBS, PTEK, INFY, ADCT, SWKS, NVDA, GEF, ULTA, ABK, CIEN, ROYL, LEH, AMR, CAL, BTE, UCBH, SQNM, & DRYS.

Premarket losers: DESC, ENG, IDT, FCEL, BGCP, LXRX, NUAN, BLUD, AEO, ARO, YHOO, GOLD, IPHS, BHP, MATK, NOK, & PSS.

Ahead of tomorrow's jobs report, the Monster employment index dropped to 166 in May versus 174 in April and initial jobless claims were a bit lower than expected. While no new economic data will be released during the day, we will have more Fedspeak from Kohn at 10:AM and Plosser at 12:PM. For what it is worth, both the Bank of England and European Central Bank voted to keep their key lending rates unchanged.

Today will be all about positioning ahead of tomorrow's jobs report. Have a good one!