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Market Preview: Holding Out for a 'Grand Bargain'

Other companies slated to report on Tuesday include American Woodwork (AMWD), Campbell Soup (CPB), Chico's FAS (CHS), DSW Inc. (DSW), Eaton Vance (EV), Fred's (FRED), Genesco (GCO), H.J. Heinz (HNZ), Hormel Foods (HRL), Medtronic (MDT), Salesforce.com (CRM), School Specialty (SCHS), Tech Data (TECD), Valspar (VAL), and Zale Corp. (ZLC).

Tuesday's economic calendar includes housing starts and building permits for October at 8:30 a.m. ET. The consensus estimates are at 840,000 and 870,000 respectively, according to Briefing.com.

And finally, Monday's after-hours session featured a move higher by beaten-down deals company Groupon (GRPN - Get Report), which gained ground after hedge fund Tiger Global Management disclosed a stake of 65 million class A shares in the company. That represents 9.9% of Groupon's outstanding class A stock, according to Reuters.

Groupon shares, which priced at $20 each in the company's initial public offering last November, were last quoted at $3.20, up 3.1%, on extended volume of more than 150,000, according to Nasdaq.com.

Also making headlines late was Dow component JPMorgan Chase (JPM - Get Report), which named Marianne Lake as its next chief financial officer, succeeding Doug Braunstein, who is becoming the bank's vice chairman.

Lake, currently the CFO of the company's consumer and community banking business, is expected to transition into the CFO role during the first quarter of 2013, JPMorgan said.

-- Written by Michael Baron in New York.



>To contact the writer of this article, click here: Michael Baron.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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