Earnings & Outlooks

Good morning. Premarket futures are pointing to a weak start this morning primarily due to the batch of earnings reports with a number of companies offering mixed results and gloomy outlooks.

Beyond earnings, retail conditions in October are as bad as they were in September according to the ICSC-Goldman report whose same-store sales tally plunged since last week. However, the good news is that the credit markets continue to show vast improvement. Oil prices are also under pressure as the U.S. dollar hits a new 52-week high.

Premarket gainers: LINE, AXP, PFE, TMA, GBL, JDAS, LGF, PTV, JAKK, ITWO, CC, NT, ROS, NKTR, MGM, HK, COH, UAUA, SGP, DDS, ELN, AKS, & ICLR

Premarket losers: LOGI, JAVA, TXN, TWIN, FITB, HSVLY, ERIC, WU, PEG, SSL, FCX, DD, NCC, F, AIG, USB, SNDK, YHOO, BBL, ALV, CE, ALU, BP, HBC, ASML, MICC, & SQM.

At 10:AM we have the State Street Investor Confidence Index and lots of earnings reports and conference calls not to mention news on the Lehman credit default swaps. Go make it a great day!