This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

5 Things You Should Know Before the Stock Market Opens

NEW YORK ( TheStreet) -- U.S. stock futures were rising ahead of the start of a two-day meeting of the Federal Reserve and earnings from Apple (AAPL - Get Report), the iPod and iPad maker.

European shares were higher, reversing the previous day's losses brought about by fresh worries over the debt crisis in the eurozone.

Japan's Nikkei 225 index closed down 0.8% at 9,468.04. South Korea's Kospi slipped 0.5% on Tuesday.

The economic calendar in the U.S. Tuesday includes the S&P Case-Shiller 20-city price index for February at 9 a.m. EDT; The Conference Board's consumer confidence index for April at 10 a.m.; new-home sales for March at 10 a.m.; and the Federal Housing Finance Agency housing price index for February at 10 a.m.


Facebook, preparing for its eagerly anticipated $5 billion initial public offering, said first-quarter revenue rose 45% from a year earlier to $1.06 billion, but was down 6% from the December quarter..

The social networking giant said its cost of revenue increased $110 million, or 66%, over the same period. Facebook largely attributed the rise in costs to data center expansion and a 66% increase in headcount.

Facebook plans to list on the Nasdaq exchange under the symbol "FB."


Texas Instruments (TXN - Get Report), the chipmaker, reported better-than-expected first-quarter profit and revenue and provided an upbeat forecast.

"As we expected, our business cycle bottomed in the first quarter, and early signs of growth began to emerge," said Rich Templeton, Texas Instruments' CEO, in a statement. "Orders were up 13 percent, and backlog is growing again. Particularly encouraging is the breadth of increased orders across geographical regions and markets, including the industrial sector."

Texas Instruments earned 22 cents a share during the quarter, including a charge of 10 cents a share related to the acquisition of National Semiconductor and restructuring. Analysts were looking for earnings of 29 cents a share.


Apple reports fiscal second-quarter earnings after the market closes Tuesday.

Analysts forecast earnings of $10.02 a share on revenue of $36.7 billion. The company has topped the consensus view on a quarterly basis 97% of the time since 2003, according to Birinyi Associates.

Investors will be paying close attention to iPhone sales, given recent worries of a slowdown.


Three components of the Dow Jones Industrial Average report earnings before the opening bell Tuesday: 3M (MMM), United Technologies (UTX) and AT&T (T).


-- 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $126.41 -1.66%
NFLX $467.65 -0.45%
TXN $58.34 0.03%
FB $81.21 0.39%
GOOG $575.33 0.34%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs