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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Morning Briefing: 10 Things You Should Know

Stocks in this article: DELLFBJPMLULUTMGMLEN

NEW YORK ( TheStreet) -- U.S. stock futures were pointing to a lower open for Wall Street Tuesday. Asian shares finished with gains as the yen weakened.

Japan's Nikkei 225 index rose 1.3% to close at 10,936.14. Hong Kong's Hang Seng rose 0.1%.

European stocks were trading mostly lower.

Federal Reserve Chairman Ben Bernanke said Monday that the central bank's bond buying is providing crucial support for the U.S. economy, suggesting it will continue even though some Fed officials recently said they favor winding down the program.


The economic calendar in the U.S. Tuesday includes the producer price index from the Labor Department, retail sales from the Department of Commerce and the Empire State manufacturing survey, all at 8:30 a.m. EST.


U.S. stocks on Monday finished mixed as Apple (AAPL) shares declined and bank stocks fell ahead of earnings reports this week.

The Dow Jones Industrial Average rose 19 points, or 0.1%, to close at 13,507. It's the fourth-straight session that the index has finished to the upside.

The S&P 500 shed 1 point to 1,471. The Nasdaq fell 8 points, or 0.3%, to 3,118.


Dell (DELL), the No. 3 PC maker but once the world's largest, is in buyout talks with private-equity firms, according to Bloomberg, which cited two people with knowledge of the matter.


Facebook (FB) is holding a major press event at its headquarters Tuesday and there is plenty of speculation about what the social networker will announce.

TheStreet's Chris Ciaccia suggested that a search engine is one of the more likely choices for a product announcement, as Facebook looks to take market share away from Google (GOOG), the search leader.


JPMorgan Chase (JPM) was ordered to take steps to correct poor risk management in connection with the multi-billion dollar trading loss it suffered last year.


Lululemon Athletica (LULU) raised its fiscal fourth-quarter earnings guidance but said revenue growth would slow.


Toyota (TM) is the world's top-selling automaker once again, taking the crown from General Motors (GM).

Toyota said it sold 9.7 million cars and trucks worldwide in 2012, although it's still counting. GM sold 9.29 million.


Homebuilder Lennar (LEN) is expected by analysts Tuesday to post fourth-quarter earnings of 44 cents a share on revenue of $1.32 billion.

Reports also are expected Tuesday from Forest Laboratories (FRX) and Interactive Brokers (IBKR).


-- Written by Joseph Woelfel



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

1 of 2

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!
DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

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