This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Market Hustle: Stock Futures Gain as International Markets Rally; Pfizer Advances

NEW YORK (TheStreet) -- Stocks futures were pointing higher Monday after Wall Street rallied on Friday and international markets gained ground.

  • Dow Jones Industrial Average futures were gaining 48 points, or 39.66 points above fair value, to 16,575. S&P 500 futures were up 6.25 points, or 5.52 points above fair value, to 1,879.75. Nasdaq futures were adding on 18.8 points, or 16.1 points above fair value, to 3,566.8.
  • Federal Open Market Committee voting member and Philadelphia Federal Bank President Charles Plosser will give a speech on labor and economic trends at 12 p.m. EDT. The Treasury Budget report for April will be released at 2 p.m.
  • International stocks were largely ticking higher. The FTSE 100 was crawling up 0.37%. The DAX in Germany was tilting 0.94% higher. The Nikkei 225 fell 0.35% while the Hong Kong Hang Seng gained 1.82% and the Shanghai Composite jumped 2.08%. Chinese shares gained on Monday after the State Council unveiled a new capital-markets reform plan.
  • European traders were shrugging off news that pro-Russian separatists in eastern Ukraine claimed victory in a secession referendum over the weekend. Russia said it respects the vote.
  • June crude oil futures were spiking on expectations that Russia could face harsher sanctions as EU foreign ministers met in Brussels to discuss the possibility.
  • Stocks rallied in the final hour of trading on Friday, boosting the Dow to an all-time closing high. For much of Friday, stocks had been trading sideways as small caps approached correction territory.
  • "There are pockets where we could potentially see misvaluations in smaller-cap stocks, but overall those broad metrics don't suggest that we are in obviously bubble territory," noted Ed Yardeni, president and chief investment strategist at Yardeni Research.
  • In corporate headlines, Pfizer (PFE) was gaining 0.62% and AstraZeneca (AZN) was advancing 0.95% as Pfizer posted videos online this weekend in its latest effort to win over critics of its proposed purchase of AstraZeneca.
  • Pinnacle Foods (PF) was soaring more than 20.5% after agreeing to sell itself to Hillshire Brands (HSH) for about $4.3 billion in cash and stock. Hillshire Brands was up more than 3%.

-- By Andrea Tse in New York

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs