S&P futures vs fair value: +3.4. Nasdaq futures vs fair value: +6.0.

Positive bias persists in pre-market action, setting the stage for stocks to recoup what little was lost a day earlier. Aside from earnings and M&A speculation, the market is also getting a lift from some upbeat analyst commentary. Dow components Intel (INTC) and Verizon Communications (VZ) look to open near 52-week highs after being upgraded. The influential Financials sector will also be in focus after Bernstein raised their price targets on select U.S Brokers (e.g. GS, MER, MS, LEH, and BSC) due to improving fundamentals.