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
TheStreet Open House

Morning Briefing: 10 Things You Should Know

Stock quotes in this article: XOM, CVX, MRK, DELL, BUD

NEW YORK ( TheStreet) -- U.S. stock futures were pointing to a higher start for Wall Street Friday ahead of the January jobs report.

European stocks were rising while Asian shares ended the trading session mixed. Japan's Nikkei 225 index rose 0.5% as the yen fell against the dollar.


The economic calendar in the U.S. Friday includes the nonfarm payrolls report for January at 8:30 am. EST.

Payrolls are expected by economists to have risen by 160,000 last month after rising 155,000 in December, according to a Reuters survey. The unemployment rate is expected to have remained at 7.8% for a third straight month, Reuters said.

The University of Michigan final January consumer sentiment index is scheduled for release at 9:55 a.m.

The Commerce Department will release construction spending data for December at 10 a.m.


U.S. stocks on Thursday posted losses as doubts about the strength of the U.S. economy weighed on the minds of investors.

The Dow Jones Industrial Average fell 50 points, or 0.4%, to 13,861. Despite the decline Thursday, the Dow had its best January since 1994 by finishing 5.8% higher for the month.

The S&P 500 declined down 4 points, or 0.3%, to 1,498. The Nasdaq lost 0.18 of a point to finish at 3,142.


Exxon Mobil (XOM), the world's biggest oil company, is expected by analysts Friday to report fourth-quarter earnings of $2 a share on revenue of $117.25 billion.

Wall Street analysts expect Chevron (CVX) to post fourth-quarter earnings of $3.04 a share on revenue of $68.64 billion.


Dell (DELL), the PC maker, is close to an agreement to sell itself to a buyout group led by founder and CEO Michael Dell and private-equity firm Silver Lake Partners, Reuters reported, citing two people familiar with the matter.

A deal could possibly be announced as soon as Monday, Reuters reported.


Union leaders representing about 23,000 engineers at Boeing voted Thursday to put a strike authorization question on a ballot that will go to members next week, Reuters reported.


Drugmaker Merck (MRK) is expected by analysts to post earnings of 81 cents a share in the fourth quarter on revenue of $11.48 billion.


The Justice Department filed a lawsuit Thursday to stop Budweiser maker Anheuser-Busch InBev's (BUD) proposed $20.1 billion purchase of Grupo Modelo, which owns Corona.

The government said the deal could lead to higher beer prices in the U.S. because it would substantially reduce competition.


-- 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.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

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