Stock Streak Looks Winded – Gold Eases, Crude Steady

U.S. PRE-MARKET INDICATORS

-Dow Industrial futures down 23 points.

-S&P 500 futures down 3 points.

-Nasdaq 100 futures down 2 points.

-Nasdaq-100 Pre-Market Indicator up 0.14 at 1768.54.

GLOBAL SENTIMENT

Nikkei up 0.6%

Hang Seng up 0.3%

FTSE-100 up 0.1%

PRE-MARKET SECTOR WATCH

(+,-) Large cap tech: mixed

(-) Chip stocks: lower

(+,-) Drug stocks: mixed

(-) Software stocks: mostly lower

(+,-) Internet stocks: mixed

(+,-) Financial stocks: mixed

(+,-) Auto stocks: mixed

(-,+) Airline stocks: mixed

(-) Retail stocks: mostly lower

UPSIDE MOVERS

(+) PCLN (+11.6%) continues evening charge seen after co. blows past Q3 view, solid Q4 guidance.

(+) JASO (+6.6%) beats with Q3 results.

(+) TASR (+5.4%) gets Army order.

(+) HBC (+3%) reports profit ahead of year-ago period.

(+) BZH (+7.7%) swings to profit.

(+) AIG (+7.1%) gains as Moody’s report says it expects company to repay gov’t loans.

(+) CHNG (+7%) revs beat, backs outlook.

DOWNSIDE MOVERS

(-) ERTS (-3.2%) continues evening decline that followed mixed Q2 results, job cuts.

(-) FEED (-1.7%) results below year-ago period.

(-) BCS (-5.5%) says Q3 profit cut in half.

(-) PIKE (-15%) swings to Q1 loss on lower revenue.

(-) EONC (-7.7%) declines despite swing to profit.

(-) MBI (-12.2%) continues evening decline after reporting wider loss.

(-) ENER (-4.3%) misses Q1 estimates.

(-) AHR (-27%) beats with earnings but gets going concern notice.

MARKET DIRECTION

Stock futures remain moderately lower, about where they’ve stood throughout pre-market trading. Gold futures slip from record highs above $1,100 as the dollar stabilizes. Oil is little changed near $79 a barrel.

Consolidation looks likely after stocks have performed flat or gained over the last six sessions. Wall Street cheered prospects for continued low borrowing rates during a stock run to drive the major averages to again carve out their best levels in more than a year. On Monday, the DJIA rose 203 points, the Nasdaq Composite gained 41 points and the S&P 500 rose 23 points. The broad-based S&P 500 is up 5.5% over a six-session span.

Asian shares gained in response to Monday’s U.S. advances. Europe has swirled between gains and losses after mixed news from major banks, including HSBC (HBC) and Barclays (BCS).

Among the morning active:

JA Solar (JASO) is up 9% after it reports Q3 revs of $193.3 mln, down from $310.7 mln a year ago. The Street view was $136 mln. Earnings per ADS were $0.10, vs. a year ago loss of $0.36. The analyst consensus was a gain of $0.03 per share. The company expects fourth quarter shipments to be in the range of 170MW to 200MW, and full year 2009 shipments to be in the range of 448MW to 478MW. The nameplate production capacity by year-end 2009 is expected to be 800 MW.

AIG (AIG) is up 7%, off its best early levels. Moody’s reportedly said the company should be able to repay the federal government’s senior secured loan and much or all of the its preferred stock stake, according to wire reports.

Priceline (PCLN) is up nearly 12%, extending its evening move that followed results. Priceline.com (PCLN) reports Q3 revs of $730.7 mln, well ahead of the analyst mean of $694 mln on Thomson Reuters. Pro forma earnings were $3.45 per share, blowing past the Street view of $2.92 per share. For Q4, the company is targeting pro forma EPS of $1.52 to $1.62 per share. The Street is at $1.49 per share.

On the downside, MBIA (MBI) is down 13%. Last evening, MBIA reported a Q3 loss of $3.50 vs a loss of $3.42 a year earlier and deeper than the Thomson Reuters mean analyst estimate for a loss of $1.05, if comparable.

Anthracite Capital (AHR) says it earned $0.03 per share on a non-GAAP basis in Q3, more than the Thomson Reuters mean for a penny. It says substantial doubt continues to exist about the company’s ability to continue as a going concern.

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