GLOBAL MARKETS

Apple is conducting its annual Worldwide Developers Conference (WWDC) from June 6 to June 10 at San Francisco.

Global Equities Research has lowered its profit and sales estimate of Adobe Systems on weak creative suite 5.5 upgrades.

The top after-market NYSE gainers on Tuesday are: American Realty Investors, Southern Copper Corp, Hovnanian Enterprises, McDermott International and Thompson Creek Metals Co. The top after-market NYSE losers are: Sequans Communications, Magnetek, Gramercy Capital Corp, Armour Residential REIT, Polaris Industries and Inergy, L.P.

The top after-market NASDAQ Stock Market gainers are: SeaChange International, BioSante Pharmaceuticals, Shanda Games, SuperGen, and Micrel. The top after-market NASDAQ Stock Market losers are: American Superconductor, Strategic Diagnostics, AmeriServ Financial, Napco Security Technologies, and United Community Banks.

Apple’s chief, Steve Jobs confirmed that Mac OS X 10.7 Lion and iOS 5 along with the much speculated iCloud will be presented at the the company's annual Worldwide Developers Conference (WWDC) on June 6.

Public faith in Western currencies has hit an extreme low. Faith in the US dollar is especially weak because the US government keeps on spending money it doesn’t have by borrowing from the generous printing presses of the Federal Reserve.

The latest S&P/Case-Shiller index readings continue to confirm that the US housing market is crashing and burning.

Microsoft Corp. has set up troublesome rules on makers of processors to support the up-coming Windows tablet-computer operating system, Acer Inc. Chairman and Chief Executive Officer J.T. Wang said at the Computex trade show in Taipei.

Gold continued to trade in a tight range Tuesday morning around $1538 per ounce - just over 2% off its all-time high - after a flat day on Monday as the UK and US had official holidays.

Software giant Microsoft said Sony’s approach in dealing with hackers probably did not work as the company was too tough with them.

Linux Kernel, an operating system used by the Linux family of Unix-like operating systems, is all set to launch its newest version Kernel 2.8.0 or to be named Kernel 3.0.

Intel introduced a new class of mobile computers,’ Ultrabook’ taking cues from Apple’s iPad and MacBook Air, to beat the market of tablets

The companies whose shares are moving in pre-market trade on Tuesday are: Analog Devices, Endeavour Silver, Hartford Financial, Ferro Corp, Dow Chemical, Gamestop Corp, MEMC Electronic Materials, Nvidia Corp, Anadarko Petroleum Corp, Carnival Corp and Mosaic Co.

The top pre-market NASDAQ Stock Market gainers are: Netlist, Optimer Pharmaceuticals, Aeterna Zentaris, Affymax, Star Scientific, Medicines Co., and Canadian Solar. The top pre-market NASDAQ Stock Market losers are: Avago Technologies, RF Micro Devices, Transition Therapeutics, Avanir Pharmaceuticals, and Vodafone Group.

FBR Capital Markets lowered its price target on shares of Medco Health Solutions Inc. (NYSE: MHS) by $4 to $71, while maintaining its outperform rating. The brokerage said it maintained its rating despite the recent announcement of Medco losing $3 billion of annual revenue from Federal Employees Program (FEP) contract going to competitor CVS Caremark Corp. (NYSE: CVS).

ThinkEquity has upgraded online auctioneer eBay Inc. to buy from hold on improved growth in Marketplace business.

Futures on major U.S. indices point to higher opening on Tuesday as speculation that the European Union authorities will agree a fresh bailout for debt-laden Greece buoyed sentiment.

Auriga USA LLC upgraded its rating on shares of Nvidia Corp. (NASDAQ: NVDA) to buy from hold and raised its price target to $24 from $19, as it sees potential for strong growth in Tegra, which may more than offset its flattish GPU business.

The annual ranking of the cities with the most billionaires have been released by Forbes based on the reporting of a number of journalists across the globe.

The biggest obstacle to alternative energy is money. Saudi Prince Al-Waleed bin Talal seems to understand this. In a CNN interview, he admitted Saudi Arabia wants lower oil prices because it doesn’t “want the West to go and find alternatives.”

Utah just became the first US state to recognize gold as legal tender. Its Legal Tender Act of 2011 allows U.S. minted gold and silver coins to be recognized as legal tender in the value that reflects the market price for gold and silver.

Qualcomm is best positioned to take advantage of strong secular growth trends in 3G, smartphones and tablets.

Tao Gang, vice-president of Sinovel Wind Group Company Limited, the largest turbine manufacturer in China, said on Monday the company has developed a 6MW wind turbine prototype that can be used in onshore, offshore and inter-tidal wind farms, a Xinhua report said

US stocks rallied for the last three sessions of the week, giving investors a respite from the mini-correction that started on May 2.

Chinese gold demand is expected to exceed 700 metric tons in the next several years and sharply outpace domestic production. Annual gold production in China, world’s second largest consumer of precious metal, is expected to reach 400 tonnes by 2014 with demand at 700 tonnes, signaling room for a strong ramp up in imports.

Turtle Rock Studios, most popularly known as the creators of the Counter Strike and Left 4 Dead franchises along with Valve Corporation, has signed a new deal with THQ to create a new multi-player project, a report in THQ’s official website said.

The two ‘Kings of Bonds’ have different views on how the end of QE2 on June 30, 2011 will affect Treasuries.

Wedbush Securities views recent weakness likely due to concerns and confusion over the AT&T (NYSE: T) renewal, as an opportunistic entry point in shares of Synchronoss Technologies, Inc. (NASDAQ: SNCR). The brokerage reiterated its outperform rating on shares of Synchronoss with a price target of $36.

The top pre-market NASDAQ Stock Market gainers are: Advanced Analogic Technologies, rue21, Marvell Technology Group, Magma Design Automation, and Millicom International Cellular. The top pre-market NASDAQ Stock Market losers are: Gordmans Stores, China Information Technology, Blue Coat Systems, OmniVision Technologies, and Glu Mobile.