PRE MARKETS

Markets are set top open higher this morning as European markets rip higher.

In the news- the New York Post reports that CVC is probably worth twice what the Dolan's are offering as free cash flow is expected to double by 2011.

PPS rumored to be a takeover target.

Gapping up- AVNR LXRX SNCR DAR FRPT IMMU CRY ACAS CSUN IOC WEN SI JNPR;

Gapping down- NLST DTLK POOL SMOD ZVUE MRVC SAP F CAT MT;

Expect choppy trading with light volume as the markets close early to celebrate the July 4 holiday.