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) -- Here are 10 things you should know for Thursday, Feb. 7:

1. -- U.S. stock futures were pointing to gains on Wall Street.

European shares were rising modestly while Asian stocks ended Thursday's trading session mostly lower. Japan's Nikkei 225 index fell 0.9% to close at 11,357.07, following a huge rally the day before

2. -- The economic calendar in the U.S. Thursday includes weekly jobless claims, and quarterly data on productivity and unit labor costs. Both reports are scheduled for release at 8:30 a.m. EST.

3. -- U.S. stocks on Wednesday closed mixed following a strong rally in Japan on the prospect of looser monetary policy there.

The Dow Jones Industrial Average finished up 7 points to 13,987.

The S&P 500 ticked up less than 1 point to 1,512. The Nasdaq lost 3 points to 3,168.

4. -- Boeing (BA - Get Report) is proposing certain battery design changes that would minimize the risks of fire on its grounded 787 Dreamliner and allow the planes to begin flying again as soon as March, The Wall Street Journal reported, citing government and industry officials briefed on the matter..

5. -- Visa (V - Get Report) said fiscal first-quarter net income rose 25% to $1.3 billion and revenue rose almost 12% percent to $2.85 billion.

Visa said transactions processed over its Visa network totaled $14.2 billion, an increase of 4% from a year earlier.

6. -- News Corp. (NWSA - Get Report) posted adjusted earnings for its fiscal second quarter of 44 cents a share on revenue of $9.43 billion, topping analysts' estimates for profit of 43 cents a share on revenue of $8.98 billion.

The media giant, however, cut its annual forecast for operating income.

7. -- Yelp (YELP - Get Report) missed Wall Street's fourth-quarter earnings expectations on Wednesday and gave guidance that showed revenue growth was slowing.

Yelp posted a quarterly loss of 8 cents a share on revenue of $41.2 million, up 65% from a year earlier. Analysts expected the review aggregator to lose 5 cents a share on revenue of $40.29 million.

8. -- Sony's (SNE) loss for the October-December quarter narrowed to 10.7 billion yen ($115 million) from a loss of 158 billion yen a year earlier.

9. -- Alcatel-Lucent's (ALU) Ben Verwaayen is leaving his post as CEO of the French-U.S. telecommunications gear maker.

10. -- Credit Suisse (CS), Switzerland's second-biggest bank, swung to a profit in the fourth quarter but said it was planning to cut costs more than previously planned.

-- 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 2013 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
S $4.42 0.00%
BA $134.02 0.00%
YELP $22.68 0.00%
V $72.23 0.00%
NWSA $13.41 0.00%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs