MORNING LINES

NDX futures trading up 5.5, SPX +1.5 and DJIA flat on a BA downgrade and crude/oils higher on colder weather and snow in the midwest/ northeast.

On the wires we have GS with 6 reasons to overweight energy- 1) demand will exceed supply, 2) geopolitical risk to supply, 3) fastest dividend growth in SPX sector, 4) mutual fund flow, 5) attractive valuation and 6) sector offers best upside to firm's target prices.

WR Hambrecht sees short term trading opportunity with SNDK and reiterates BUY with a $55 target.

PRU raises GOOG revenue and EPS estimates and expects a strong quarter from YHOO.

CIBC raises target on NWS to $28 and reiterates it as one of two top large cap picks for 2007.

UBS expects a weaker than expected quarter at DELL and cuts estimates to .28 from .30 and cuts target price from $27 to $26.

BSC raises target on AMGN TO $83 and the stock is gapping up 2.4%.

And C is gapping up fifty cents as the search begins to replace Sally as CFO.