Futures up in Pre Market

U-Store-It (YSI) upgraded to Outperform at Raymond James

Key Energy upgraded to Market Perform at Raymond James

Gymboree EPS ests and tgt raised to $51 at Wedbush Morgan following solid July sales and gross margin trends Wedbush Morgan raises their GYMB tgt to $51 from $49 as the co reported Q2 comp of (1)% and raised earnings guidance to $0.32-0.35 from $0.19-0.24, significantly beating the firm’s above consensus comp and EPS estimate of $0.26 (consensus $0.25).

Aeropostale ARO ests raised at Caris following yesterday morning’s raised guidance and strong July performance in the beginning of the south’s back-to-school season

Futures vs fair value: +10.80. Nasdaq futures vs fair value: +23.30.

Stock futures are up on better-than-expected jobs report for July induced a spike in buying that has taken stock futures markedly higher. The 247,000 jobs that were lost last month still suggests that the labor market is week, but the fact that the tally marked the fewest job losses since August of 2008 is telling that things have improved. However, the wide recognition that the economy is not in the same place that it was six months ago has been a driving force behind the stock market’s heady moves in recent months.

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