PRE MARKETS

Markets are set for a lower open as chatter develops about a BIG takeout of VZ by VOD. I say not likely but it would be interesting to see tw0 DJIA components, AA and VZ, get bought in the same year.

And writing about the DJIA, MORN has a new fair value estimate for the index, 14,204, a hair higher then the current 13,907. According to MORN, the best values on the DJIA are MMM (5 starts) JNJ (5 stars) PFE (5 stars) WMT (5 starts) PG (5 starts) AXP (4 starts) and KO (4 stars).

Gapping up - BRLC CTIC FTWR HEPH GEOY RDF ETN HOKU VG;

Gapping down- IMMR FRPT ONT FSLR TOT TS;