A slew of consumer companies, including P&G, Walmart and Burger King, have news headlines that are driving moves in the stocks.
Stock futures are trading lower this morning with pre-market action coming from Herbalife and Kraft Foods.
Michael Gayed, CIO and Co-Portfolio Manager, ATAC Inflation Rotation Fund, says that while there has been a lack of direction in the market, some risks could remain.
Deal news is leading headlines today as Heinz is being taken over by Warren Buffett and AB InBev is making concessions to get the Modelo deal done.
Celebrities are driving the growing trend for colored diamonds in engagement rings, but an increase in diamond prices has investors interested too.
Sarah Quinlan, Senior Vice President at MasterCard Advisors, says the payroll tax will weigh on consumer spending in 2013 making value retailers the shopping destination of choice.
Ed Ponsi, Managing Director at Barchetta Capital Management, likes that Apple is sticking to product innovation and not caving to outside pressure.
After a run up this morning, stocks retreated in the afternoon led by Cliffs Natural Resources weak earnings report.
The Nasdaq is lagging today on a decline in Apple, as solid earnings in other sectors are digested.
Stock futures are trading around the flat-line today ahead of Fed speeches and a handful of earnings.