This article originally appeared on Sept. 9, 2013 on RealMoney. To read more content like this + see inside Jim Cramer's multi-million dollar portfolio for FREE Click Here NOW.This update adds premarket activity in AAPL and GSK. U.S. futures are in positive territory this morning, pointing to a higher market open, spurred on by strength in Asia overnight and ahead of consumer credit data. For now, traders seem to be accentuating the positives rather than contemplating the likelihood of U.S. military involvement in the Syrian civil war and a reduction in the Federal Reserve's bond buying program. Many will be scanning comments from San Francisco Fed President John Williams at 11 a.m. in search of any clues regarding the central bank's tapering intentions. Asian markets ended sharply higher, helped by a report that Chinese exports expanded in August and on evidence that Japan's economy improved at a much quicker pace than expected. News that Tokyo will host the 2020 Olympic Games helped the Nikkei rally 2.5%. European markets have turned red after wavering between positive and negative earlier in the overseas session. Oil and gold were trending lower, and the U.S. dollar was down. Just one item on the economic calendar today: At 3 p.m. ET, consumer credit data are expected to show $12.3 billion in new credit in July, compared with $13.8 billion the previous month. Charitable trust holding GlaxoSmithKline (GSK - Get Report) has sold its Lucozade and Ribena beverage brands to Japan's Suntory for $2.1 billion, sending shares down slightly in premarket trading. Apple (AAPL - Get Report) shares are higher in the premarket trading ahead of the unveiling of its latest iPhone products on Tuesday. Shares closed Friday at just under $500 per share. Homebuilder Hovnanian (HOV) is expected to deliver fiscal third-quarter earnings of 7 cents per share on revenue of $504.7 million before the bell. After the close, look for results from automotive services company Pep Boys (PBY - Get Report) and apparel manufacturer PVH (PVH - Get Report).
The Day Ahead: Accentuating the Positives
Sep 09, 2013 | 03:14 PM EDT
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