This Day On The Street
Continue to site right-arrow
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 were suggesting Wall Street would open lower Tuesday as fourth-quarter earnings season begins.

European stocks were moving lower while Asian shares ended Tuesday's trading session mostly to the downside. Japan's Nikkei 225 index declined 0.9% to 10,508.06 as the yen rose against the dollar.

The economic calendar in the U.S. Tuesday includes the ICSC/Goldman Sachs chain-store sales report for the week ended Jan. 5, and Redbook's Retail Sales Index for January.

U.S. stocks on Monday finished lower after a run-up on Friday that saw the S&P 500 rise to a new closing high.

The Dow Jones Industrial Average shed 51 points, or 0.38%, to 13,384 on Monday. The S&P 500 fell 5 points, or 0.31%, at 1,462. The Nasdaq lost 3 points, or 0.09%, to 3,099.

AIG's (AIG - Get Report) board is meeting Wednesday to consider whether to join a $25 billion shareholder lawsuit against the government, court records show, The New York Times reported. AIG just completed paying back the U.S. government for a $182 billion bailout.

Yum Brands (YUM - Get Report) warned Monday that KFC sales in China would be slower because of a government review of its poultry.

Samsung Electronics, the world's largest technology company by revenue, said Tuesday it expects record fourth-quarter earnings on strong sales of smartphones and tablets.

Samsung, which makes Galaxy smartphones, said fourth-quarter revenue likely rose 18% from a year earlier.

Earnings season kicks off Tuesday with reports from aluminum giant Alcoa (AA - Get Report) and seeds company Monsanto (MON).

Sears (SHLD - Get Report) said late Monday that CEO Louis D'Ambrosio is stepping down for family health reasons; Chairman Edward Lampert will take over the CEO duties.

Alabama beat Notre Dame, 42-14, in the BCS championship Monday night. Alabama claims its second straight national title and third in four years.

-- Written by Joseph Woelfel

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

1 of 2

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
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!
AA $13.00 0.00%
AIG $54.81 0.00%
SHLD $41.33 0.00%
YUM $78.84 0.00%
AAPL $124.25 0.00%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs