Morning News

• Futures are Down looks like a lower open this morning.

• May New Home Sales this morning at 10am.

• May Durable Goods Report today at 8:30am.

• Lehman Brothers lifts price target on three companies this morning: Transocean Inc.(RIG) from $60.00 to &73.00 Diamond Offshore (DO) from $59.50 to $72.00 and also raises price target on Noble Energy (NE) to $75.00

• E*Trade (ET) reportedly out of the running for Ameritrade.

• Raytheon Co. (RTN) after the bell yesterday announced the company has been granted a contract with the U.S. Airforce to install a missile and air defense for the Tiawan Airforce deal worth $752 million.

• Crude Oil currently 20 cents shy of $60.00 per barrel.

• Gold has also been trading higher currently just under $445.00 per ounce.

Budd Foxx