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U.S. stock market report 0822 EST 13Nov2009-Goldman adds Sunoco to Conviction Sell list ------------------------------------------------------------------------------

Shares of Sunoco Inc fell in premarket trading on Friday, after Goldman Sachs added the company to its Conviction Sell list.

At the same time, the firm removed Patterson-UTI Energy Inc from the Conviction Sell list, citing the stock's relative underperformance since being added to the list.

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Sunoco shares were down 1.9 percent to $26.69 before the bell, while Patterson share closed Thursday at $15.93.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0817 EST 13Nov2009-BofA-ML ups 2010 U.S. oil forecast to $85/barrel ------------------------------------------------------------------------------

Bank of America-Merrill Lynch on Friday raised its 2010 U.S. crude oil price forecast to $85 a barrel from a previous estimate of $75 a barrel.

The revision follows a stronger-than-expected rebound in world economic recovery, the firm wrote.

BofA-ML also raised its oil demand outlook.

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December crude futures were down 0.3 percent to $76.71 per barrel on Friday.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0810 EST 13Nov2009-Lakeland shares fall, offering priced at discount ------------------------------------------------------------------------------

Shares of Lakeland Financial Corp fell in premarket trading on Friday, after the company said an offering of 3.5 million shares was priced at a discount to its Thursday closing price.

The shares were priced at $17 each, compared with the Thursday closing price of $18.23.

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The stock fell 5.4 percent to $17.25 before the bell.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0747 EST 13Nov2009-Abercrombie & Fitch shares jump after earnings ------------------------------------------------------------------------------

Shares of Abercrombie & Fitch Co rose 6.1 percent to $39.01 in premarket trading on Friday after the clothing retailer posted a much better-than-expected quarterly profit, helped by cost cuts.
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0747 EST 13Nov2009-FBR upgrades tanker sector to "overweight" ------------------------------------------------------------------------------

FBR Capital Markets upgraded the tanker sector to "overweight" on Friday, expecting "marked improvement in the supply/demand balance in 2010."

The firm sees day rates for very large crude carriers increasing to $37,000 in 2011 from $29,000 in 2009.

As part of its call, FBR upgraded Frontline Ltd to "outperform," saying the company was "best positioned to capture the coming strength."

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0738 EST 13Nov2009-Futures up ahead of data on consumers ------------------------------------------------------------------------------

U.S. stock index futures were up on Friday, following a selloff in Thursday's session, as investors awaited data on consumer spending.

Some positive corporate earnings results, including from Dow component Walt Disney Co late Thursday, also lifted sentiment.

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Dow Jones industrial average futures rose 11 points, while S&P 500 futures gained 1 point, and Nasdaq 100 futures were up 2.25 points.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS

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