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Stock Futures Rise as Soros Goes Long on Herbalife

Tickers in this article: AAPL F GM HLF PG RDS.A WFM YELP ^DJI ^GSPC ^IXIC

NEW YORK ( TheStreet) -- Stock futures were signaling a higher open on Wall Street Thursday as global markets digested better-than-expected U.S. jobs and Chinese manufacturing data after the Federal Reserve on Wednesday provided no indication it's preparing to cut back on its stimulative bond-buying program.

Ahead of the open, Procter & Gamble , Yelp and Apple shares were climbing as investors stayed focused on Herbalife .

Nutritional supplement stock Herbalife was rising more than 1% to $66.20 in premarket trading, extending the gains of the prior session after CNBC on Wednesday reported that billionaire investor George Soros had taken a large long position in the company, making it one of this top three positions.

Futures for the S&P 500 were gaining 13 points, or 12.77 points above fair value, to 1,693.5. Futures for the Dow Jones Industrial Average were adding on 119 points, or 116.46 points above fair value, to 15,552. Futures for the Nasdaq were tacking on 23 points, or 22.56 points above fair value, to 3,106.

Procter & Gamble was popping 2.07% to $81.96 after the consumer goods giant reported quarterly earnings of 79 cents a share on revenue of $20.7 billion, beating the average analyst earnings estimate of 77 cents a share on revenue of $20.55 billion. "We will build on these results in fiscal 2014," A.G. Lafley, the company's chairman and CEO, said in a statement. "We will continue to make choiceful investments in core brands, our biggest innovation opportunities, and in our core developed and most promising developing markets."

Yelp shares were surging more than 14.5% to $47.93 after the online local listings site exceeded second-quarter estimates and raised its full-year revenue outlook. It also was upgraded to outperform from market perform at Northland Securities.

Apple shares were adding 0.83% to $456.35 in premarket trading. The company's suppliers are gearing up for mass production of a new iPad mini in the fourth quarter that likely will feature a high-resolution screen from rival Samsung, The Wall Street Journal reported, citing people familiar with the matter.

Apple is working with suppliers in Asia on its next iPad mini with a high-resolution "retina" display, the newspaper said. Component makers have been told that Apple plans to use screens from Samsung's display unit, as well as Japan's Sharp and LG Display .

Royal Dutch Shell was declining 5.44% to $64.62 after saying Thursday that second-quarter earnings fell 57% on impairment charges, lower production and higher costs.

Whole Foods was slipping more than 1.5% to $54.64 after the organic grocery store reported quarterly earnings of 38 cents a share on revenue of $3.06 billion as same-store sales growth slowed to 7.5%. Analysts were looking for earnings of 37 cents a share on revenue of $3.09 billion.