GAPPER

Futures are ripping higher this morning on the heels of big job gains predicted by ADP and soaring foreign markets. YM +133, SPX +15 and NQ +27.

In the news:

MGM buying back 20,000, 000 or an additional 7% of the float;

C cuts estimates on GS LEH MER while keeping MS flat;

Weisel upgrades INTC to overweight from Equal;

Gapping up- RIMM VMW MER MGM INTC MA BIDU MS NVDA GRMN LVS GS GRMN; Down- CMCSA NXY MDT MNST XMSR ERTS CTSH TEF;

FWIW the latest IBD BIG CAP 20 includes:

POT VMW AAPL GOOG NYX PCP GLW DE FSLR MA BLK GILD CME AMZN GENZ MOS WFT EMR SYK ESRX;