U.S. Market Expected To Trade In Green; Hot Stocks Of The Day: HNZ, HIBB, BA, CRM

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The U.S. stock futures traded in green ahead of the real-time trading after Europe's debt crisis drove heavy market losses this week. The U.S. market is expected to rebound today.

Ahead of the opening bell, Mini Dow industrial average futures were trading higher by 0.66 percent, or 78 points to 11,817. The Nasdaq Futures were trading higher by 0.56 percent, or 12.75 points to 2,281. Standard and Poor's 500 futures were trading higher by 0.72 percent, or 8.70 points to 1,223.50, today.

Hot Stocks of the Day: HNZ, HIBB, BA, CRM

HJ Heinz Co. (NYSE: HNZ) reported net income of $237 million, or $0.73 per share in its fiscal 2012 second quarter, versus $251 million, or $0.78 per share last year. Excluding items, earnings per share increased 3.8 percent to 81 cents from 78 cents last year. Analysts had forecasted EPS of $0.80 for the company. Sales in the quarter ended October 26, 2011 grew 8.4 percent to $2.83 billion.

Hibbett Sports Inc. (Nasdaq: HIBB) reported 27 percent increase in Q3 net income to $16 million, or $0.59 a sh! are, fro m $12.6 million, or $0.44, in the year-ago quarter.?Sales rose to $185.2 million from $167.4 million. Analysts had estimated a net profit of $0.51 a share of profit on $180 million of sales.

Boeing Co. (NYSE: BA) announced that Indonesia's Lion Air has committed to a deal for 230 airplanes at a list price of $21.7 billion. It's the largest commercial-airplane order ever in Boeing's history by both dollar volume and total number of airplanes.

Salesforce.com (NYSE: CRM) posted a loss of $3.8 million, or $0.03 a share in its FY 2011 Q3, compared with a profit of $21.1 million, or $0.15 a share a year earlier. The company said it expects to post a fourth-quarter loss of $0.5 to $0.6 a share. On an adjusted basis, earnings would be $0.39 to $0.40 a share.

Analysts forecast profit of $0.40.

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Global Markets:

The global markets remained mixed today as European Central Bank chief Mario Draghi urged euro zone governments to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in response to an escalating debt crisis. In Europe, Germany's DAX was up by 0.73 percent or 42.73 points to trade at 5,892.90. France's CAC40 rose 0.25 percent or 7.65 points to 3,017.94. However, Great Britain's FTSE 100 was down 0.15 percent or 7.91 points to 5,415.23.

In the Asian market, China's Shanghai Composite closed lower by 1.89 percent, or 46.48 points to 2,416.56. Hong Kong's Hang Seng fell 1.73 percent or 326.24 points to 18,491.23. Japan's Nikkei 225 was down 1.23 percent or 104.72 points to close trading at 8,374.91. India's BSE 30 Sensex lost 0.55 percent, or 90.20 points to close at 16,371.51.

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Market Scan! :

Ahead of the opening bell, crude oil was trading higher by 1.14 percent at $99.95 per barrel. Gold was up 0.94 percent at $1,736 per ounce.

In the currency market, the euro was trading higher by 0.91 percent against the U.S. dollar, and the British pound was up 0.54 percent against the dollar. The dollar was down 0.53 percent against the Japanese yen.

On Thursday, Wall Street closed on a negative note. The Dow Jones industrial average was down 1.13 percent, or 134.79 points, to 11,770.80. The Nasdaq Stock Market Inc. composite index was down 1.96 percent, or 51.62 points, to 2,587.99. The Standard & Poor's 500 index was down 1.67 percent, or 20.63 points, to 1,216.28. Among other major indices, the New York Stock Exchange composite index was down 1.83 percent, or 134.95 points, to 7,257.07. The American Stock Exchange composite index was down 1.81 percent, or 41.20 points, to 2,229.80.

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