European shares were rebounding from losses the previous trading day while Asian stocks finished Tuesday lower. Japan's Nikkei 225 index fell less than 0.1% to close at 9,464.71.
The economic calendar in the U.S. Tuesday includes housing starts and building permits for March at 8:30 a.m. EDT, and industrial production and capacity utilization for March at 9:55 a.m.
Coca-Cola (KO), the beverage giant, is expected by analysts Tuesday to post first-quarter profit of 88 cents a share on revenue of $10.82 billion. Goldman Sachs (GS) is expected by analysts to earn $3.55 a share in the first quarter on revenue of $9.45 billion.
Yahoo! (YHOO) reports first-quarter earnings after the closing bell Tuesday, but investors' attention on the company's conference call will be turned to CEO Scott Thompson's efforts to turn around the Internet company. Thompson unveiled plans earlier this month to lay off 2,000 employees, or 14% of the work force, and realigned Yahoo! into three divisions: Consumer, (which is made up of Media, Connections and Commerce); Regions, which targets emerging markets; and Technology, which focuses on the company's infrastructure. The conference call is scheduled to begin at 5 p.m.
Japan's Toshiba reached a deal to buy IBM's point-of-sale systems operations used in retail stores, including cash registers, for about $850 million.
Research In Motion (KITD), the BlackBerry maker, is considering hiring bankers to help it weigh its strategic options.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV