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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Things You Should Know Before the Stock Market Opens

Stocks in this article: F GS AMZN

NEW YORK ( TheStreet) -- U.S. stock futures were signaling a mixed open for Wall Street Friday ahead of first-quarter GDP figures and earnings from Ford (F), Chevron (CVX), Merck (MRK) and Procter & Gamble (PG).

European shares were slightly higher despite a downgrade of Spain's credit rating from Standard & Poor's.

In Asia, Japan's Nikkei 225 index finished down 0.4% to close at 9,520.89. The index got a brief lift after the Bank of Japan said it would expand its asset-buying program.

The economic calendar in the U.S. Friday includes the advance estimate of first-quarter gross domestic product at 8:30 a.m. EDT. Economists are calling for growth of 2.5%.

There's also the final University of Michigan read on consumer sentiment, which is seen remaining steady at 75.7. The data is due at 9:55 a.m.


Automaker Ford (F) is expected by analysts before the bell Friday to report first-quarter earnings of 35 cents a share on revenue of $31.5 billion.


Amazon.com (AMZN), the online retailer, topped analysts' earnings estimates and said profit margins held steady.

Amazon's margins in the first quarter were 1.45%, in line with the fourth quarter's 1.5%.

Amazon posted earnings of 28 cents a share as revenue rose 34% to $13.2 billion, thanks in part to strong Kindle Fire sales.

Analysts expected Amazon to report earnings of 7 cents a share on revenue of $12.9 billion.

Amazon provided second-quarter revenue guidance, with the midpoint slightly below Wall Street estimates.


Samsung Electronics posted record profit in the first quarter, fueled by a surge in Galaxy smartphones.

Samsung sold more smartphones in the first three months of the year than Apple (AAPL), The Associated Press reported, and raked in more than 70% of its operating profit from its mobile businesses.

Net profit nearly doubled from a year earlier to a record 5.05 trillion won ($4.46 billion).


Investigations are deepening into the potential involvement of Goldman Sachs (GS) employees in the Galleon Group insider-trading ring, according to The Wall Street Journal.

U.S. prosecutors and securities regulators are investigating whether a senior Goldman investment banker gave Galleon hedge-fund traders advance word of pending health care deals, according to people familiar with the matter, the newspaper said. The banker, whom the people identified as Matthew Korenberg, is a San Francisco-based managing director for Goldman, a senior post.

Federal prosecutors in Los Angeles are looking into whether Korenberg told Galleon founder Raj Rajaratnam of acquisitions of Advanced Medical Optics and MedImmune in 2009 and 2007, respectively, Reuters said.

-- 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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 17,908.70 +103.90 0.58%
S&P 500 2,074.84 +4.19 0.20%
NASDAQ 4,776.60 +11.22 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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