The U.S. stock market indexes opened mostly flat on Monday. Futures for the Dow Jones Industrial Average rose four points to 22,097.03. The Standard & Poor’s 500 index futures gained 0.2 points to 2,477.02 and futures for the Nasdaq 100 index jumped 7.8 points to 6,359.31. The10-year yield climbed 2.268% and the short-term 2-year yield rose to 1.359%.
In this scenario, some stocks are having big moves today.
Rockwell Collins Inc.'s (COL, Financial) stock has rallied 6% after the company reported third-quarter EPS of $1.64 on revenue of $2.09 billion, beating profit estimates by six cents per share and revenue expectations by $50 million.
"This was another good quarter of operating performance underscored by strong cash flow generation," President and CEO Kelly Ortberg said. "We realized revenue growth across all of our segments, and achieved strong operating margins across the entire business."
Guidance is strong for the full year, with management expecting revenue of $6.8 billion, an operating margin between 19% and 20% and GAAP EPS between $4.85 and $5.05, up from the previous range of $4.50 to $4.70.
After a Bloomberg report on Friday, Rockwell shares gained 9.5% in after-hours trading due to a possible acquisition deal with United Technologies (UTX, Financial).
On a similar note, Eros International PLC (EROS, Financial) shares are up almost 25% in morning trading on the back of news Apple Inc. (AAPL, Financial), Amazon (AMZN, Financial) and Netflix (NFLX, Financial) are vying to buy its content library.
Global markets
The main European stock markets traded mixed. The FTSE 100 and the IBEX 35 gained 0.19% and 0.02%, while the French CAC 40 and German DAX lost ground.
In Asia, Japan’s Nikkei, India’s BSE Sensex Index, Hong Kong’s Hang Seng and China’s Shanghai Composite Index closed in green territory.
Disclosure: The author holds no position in any stocks mentioned.
