SmarTrend(R) Opening Bell Comments -- June 12, 2008

Oct 12, 2008 (SmarTrend(R) Market Commentary via COMTEX News Network) --

Last Updated: June 12, 2008: 6:55 AM ET---Today, U.S. stock futures are trading higher on news of a $46 billion takeover bid for Anheuser-Busch and hopes of better-than-expected May retail sales figures. Shares of Anheuser-Busch (NYSE:BUD) will receive active trade Thursday after Belgian Brewer InBev made an unsolicited all-cash bid of $65 a share. According to the Wall Street Journal, Citigroup (NYSE:C) will be closing down a $800 million hedge fund its CEO Vikram Pandit co-founded almost one year ago. In commodities news, light sweet crude for July delivery is down $2.14 to $134.24 a barrel in electronic trading. In addition to a government report on retail sales numbers for May, investors will be digesting reports on weekly jobless claims, business inventories and natural gas stocks. At the time of this report, S&P futures are up 7.40 points, Nasdaq futures are up 8.75 points and Dow futures are up 61.00 points. For more information on SmarTrend, Comtex News Network's revolutionary stock analysis application, please go to http://www.mysmartrend.com

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