This Day On The Street
Continue to site
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

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- U.S. stock futures pointed to a higher start for Wall Street on Tuesday after eurozone finance ministers and the International Monetary Fund reached an agreement early Tuesday that would enable Greece to reduce its debt load.

The agreement allows Greece to receive €34.4 billion ($40.8 billion) immediately and three additional payments early next year.

European shares rose Tuesday after the Greek debt deal was reached, while Asian stocks finished with gains. Japan's Nikkei 225 index rose 0.4% to close at a seven-month high of 9,423.30.

The economic calendar in the U.S. Tuesday includes durable orders for October at 8:30 a.m. EST, the S&P Case-Shiller home price index for September at 9 a.m., the consumer confidence reading for November at 10 a.m., and the Federal Housing Finance Agency housing price index for September at 10 a.m.

U.S. stocks on Monday ended mixed as investors tried to decipher the latest round of rhetoric coming out of Washington regarding the so-called fiscal cliff.

The Dow Jones Industrial Average fell more than 42 points, or 0.33%, to close at 12,967. The S&P 500 lost almost 3 points, or 0.2%, to settle at 1406, while the Nasdaq ticked up nearly 10 points, or 0.33%, to finish at 2977.

The Organization for Economic Cooperation and Development said in a report Tuesday that the world's economic recovery will be "hesitant and uneven" in 2013.

The OECD said eurozone struggles will continue next year. It estimated a 0.4% contraction this year in the eurozone and 0.1% decline next year.

The agency forecast the U.S. economy will grow 2% in 2013.

Facebook (FB - Get Report)shares jumped 8.1% to $25.94 on Monday, the third-biggest rally since the social networking giant went public in May, after Bernstein Research raised its investment rating on Facebook to outperform.

The board of Las Vegas Sands (LVS - Get Report) declared a special dividend of $2.75 a share after Monday's closing bell.

Dollar General (DG - Get Report), the discount retailer, will join the S&P 500, replacing Cooper Industries (CBE), which is being acquired by Eaton (ETN).

Green Mountain Coffee Roasters (GMCR) is expected by analysts Tuesday to post fiscal fourth-quarter profit of 48 cents a share in the September-ended period on revenue of $902.7 million.

Other companies expected to report their quarterly results Tuesday include ADT (ADT), Analog Devices (ADI), Culp (CFI), Duane Reade (DRD), PVH (PVH), Ralcorp Holdings (RAH) and Zoltek (ZOLT).

Equity Residential (EQR) and AvalonBay Communities (AVB) agreed Monday to jointly purchase the assets of Archstone Enterprise LP, mainly a portfolio of apartment properties, from Lehman Brothers.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:
Copyright 2012 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DG $83.01 0.47%
FB $119.16 1.10%
GMCR $91.67 -0.30%
LVS $45.16 1.60%
AAPL $92.06 -1.30%


Chart of I:DJI
DOW 17,686.22 +25.51 0.14%
S&P 500 2,050.14 -0.49 -0.02%
NASDAQ 4,710.2950 -6.7990 -0.14%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs