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!

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- U.S. stock futures were pointing lower Monday ahead of a meeting by finance ministers in the eurozone to discuss providing debt-laden Greece with the next round of emergency loans.

European stocks were trading lower while Asian stocks ended Monday's session mixed. Japan's Nikkei 225 index rose 0.2% to close at 9,388.94.


The economic calendar in the U.S. Monday is light on data.


U.S. stocks on Friday soared as long checkout lines and positive economic data out of China and Germany supplied the fuel for a Black Friday lift-off.

The Dow Jones Industrial Average surged nearly 173 points, or 1.35%, to close at 13,009, the first finish above 13,000 since Nov. 6. The blue-chip index rose 3.35% for the week and is now up 6.48% in 2012.


Knight Capital Group (KCG - Get Report) could sell its market-making business -- the company's biggest and most profitable business -- but also the unit that suffered a trading glitch in August that cost the company losses of more than $460 million in the third quarter, The Wall Street Journal reported.


Apple (AAPL - Get Report) asked a federal court to add six more products to its patent infringement lawsuit against South Korea's Samsung. The products include the Galaxy Note II, Galaxy S III with Android 4.1, Galaxy S III mini, Samsung Rugby Pro, Galaxy Tab 8.9 Wi-Fi and Galaxy Tab 2 10.1.


U.S. shoppers hit stores and Web sites at record numbers over the Thanksgiving weekend, according to a survey released by the National Retail Federation on Sunday.

A record 247 million shoppers visited stores and Web sites over the four-day weekend starting on Thanksgiving, up 9.2% from last year, according to a survey of 4,000 shoppers that was conducted by research firm BIGinsight for the trade group. The average holiday shopper spent $423 over the entire weekend, up from $398 a year earlier. Total spending over the four-day weekend totaled $59.1 billion, up 12.8% from 2011.



Online retailers such as Amazon (AMZN - Get Report)and eBay (EBAY), and more traditional retailers such as Wal-Mart (WMT) and Target (TGT), could see activity on Cyber Monday, when shoppers take to the Web to make their holiday purchases.

ComScore estimated that Cyber Monday sales could exceed $1.5 billion.


Swiss banking giant UBS (UBS) was fined almost $50 million by the U.K.'s Financial Services Authority for failings which allowed a rogue trader to lose $2.3 billion.


Baxter International (BAX - Get Report)is in talks to buy Swedish medical-equipment maker Gambro for roughly $4 billion, the Journal reported, citing people familiar with the matter, in a move that would boost Baxter's kidney-dialysis business.


-- 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 $128.45 -1.50%
AMZN $380.34 -1.20%
BAX $69.16 0.71%
KCG $12.58 0.52%
UBS $17.50 0.32%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.49 -6.25 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

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