This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- U.S. stock futures were pointing to a lower open for Wall Street on Thursday following quarterly results from iPhone maker Apple (AAPL - Get Report) that disappointed investors.

European stocks were lower while Asian shares ended Thursday's session mostly with gains, getting a boost from a rise in HSBC Bank's preliminary survey on China's monthly manufacturing. Japan's Nikkei 225 index rose 1.3% to close at 10,620.87.


The economic calendar in the U.S. Thursday includes weekly jobless claims at 8:30 a.m. EST, and December's leading economic indicators at 10 a.m.


U.S. stocks on Wednesday advanced, helped by upbeat earnings from high-profile companies and a debt-ceiling deal from Washington lawmakers.

The Dow Jones Industrial Average rose 67 points, or 0.5%, to 13,779. The blue-chip index climbed for the ninth session out of 10, a streak last seen in February 2011.


Apple shares dropped more than 10% in after-hours trading Wednesday after the tech giant's revenue trailed forecasts, earnings per share fell and profit margins shrank.

Apple posted revenue of $54.5 billion in its fiscal first quarter, up from $46.33 billion a year earlier but below analysts' forecasts of $54.73 billion. It earned $13.81 a share, down from $13.87 a year earlier; analysts were looking for $13.47.

Apple sold 47.8 million iPhones during the quarter, up from 37 million a year earlier.


Netflix (NFLX - Get Report) gained 2 million video-streaming subscribers in the U.S. during the fourth quarter, and posted a profit of $8 million during a period when analysts were expecting a loss.


Software giant Microsoft (MSFT - Get Report) is expected by analysts Thursday to report fiscal second-quarter earnings of 75 cents a share on revenue of $21.6 billion.


3M (MMM - Get Report) is expected by analysts Thursday to post fourth-quarter earnings of $1.41 a share on revenue of $7.18 billion.


Shipping giant UPS (UPS - Get Report) is expected by analysts Thursday to post quarterly earnings of $1.38 a share on revenue of $14.44 billion.


Other companies expected to report earnings Thursday include AT&T (T), Bristol-Myers Squibb (BMY), Lockheed Martin (LMT) and Starbucks (SBUX).


-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.


Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
AAPL $131.39 0.00%
MMM $162.06 0.00%
NFLX $623.02 0.00%
MSFT $47.42 0.00%
UPS $102.05 0.00%

Markets

DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs