Apple Inc (AAPL) gained 2.7 percent to $680.89 in premarket trading after the company won a sweeping victory in a patent lawsuit against Samsung Electronics Samsung said it would contest the verdict, which orders it to pay $1.05 billion in damages.
U.S.-listed shares of Nokia Corp (NOK), a Samsung competitor, surged 12 percent to $3.45 in premarket trading.
"This should give Apple that much more power and strength in the market, which should obviously be a positive for the stock," said Pavlik. Shares of Apple have already gained about 64 percent so far this year.
Energy shares will be in focus on Monday, with crude oil advancing 0.8 percent on concerns a tropical storm in the Gulf of Mexico could suspend U.S. production.
S&P 500 futures rose 5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 27 points and Nasdaq 100 futures rose 20 points.
In merger news, car rental firm Hertz Global Holdings (HTZ) said it would buy smaller rival Dollar Thrifty Automotive Group (DTG) for about $2.3 billion while M&T Bank Corp (MTB) is buying Hudson City Bancorp Inc (HCBK) for $3.7 billion.
Shares of Hertz climbed 15 percent to $15.10 in premarket while Dollar Thrifty gained 7.4 percent to $86.96. M&T shares edged slightly lower.
Tiffany & Co (TIF) climbed 6.8 percent to $62.50 before the bell after reporting its second-quarter results, though it also cut its full-year profit and sales outlook.
U.S.-listed shares of Nokia Corp (NOK), a Samsung competitor, surged 12 percent to $3.45 in premarket trading.
"This should give Apple that much more power and strength in the market, which should obviously be a positive for the stock," said Pavlik. Shares of Apple have already gained about 64 percent so far this year.
Energy shares will be in focus on Monday, with crude oil advancing 0.8 percent on concerns a tropical storm in the Gulf of Mexico could suspend U.S. production.
S&P 500 futures rose 5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 27 points and Nasdaq 100 futures rose 20 points.
In merger news, car rental firm Hertz Global Holdings (HTZ) said it would buy smaller rival Dollar Thrifty Automotive Group (DTG) for about $2.3 billion while M&T Bank Corp (MTB) is buying Hudson City Bancorp Inc (HCBK) for $3.7 billion.
Shares of Hertz climbed 15 percent to $15.10 in premarket while Dollar Thrifty gained 7.4 percent to $86.96. M&T shares edged slightly lower.
Tiffany & Co (TIF) climbed 6.8 percent to $62.50 before the bell after reporting its second-quarter results, though it also cut its full-year profit and sales outlook.
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