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 Monday, Feb. 11:

1. -- U.S. stock futures were pointing to gains on Wall Street Monday as most Asian markets were closed for the Lunar New Year holiday.

European shares were mostly higher in early trading.

2. -- The economic calendar in the U.S. Monday is bare.

3. -- U.S. stocks on Friday finished with gains as investors got a boost from better-than-expected trade data.

The Dow Jones Industrial Average rose 49 points, or 0.35%, to 13,993. The blue-chip index fell 0.12% for the week.

The S&P 500 rose 9 points, or 0.57%, to 1,518. The index increased 0.31% for the week. The Nasdaq added 29 points, or 0.91%, to close at 3,194. The tech-heavy index ticked up 0.46% for the week.

4. -- President Obama is prepping for his State of the Union address on Tuesday. Obama's speech reportedly is expected to focus on job creation but Politico said the president will use his speech to force the GOP into accepting more taxes and fewer budget cuts as part of a deal to avert $1.2 trillion of sequester cuts on March 1.

5. -- Google's (GOOG - Get Report) executive chairman, Eric Schmidt, plans to sell more than 40% of his shares in the Internet search giant.

Schmidt plans to sell 3.2 million shares of Google. If he sold all of the shares at Google's closing price Friday of $785.37, he would take home $2.51 billion.

6. -- AMR (AAMRQ.PK), the parent of American Airlines, and US Airways (LCC) are in final negotiations on a merger that could be announced this week, according to reports .

The $11 billion merger would create the world's largest airline.

7. -- Southeastern Asset Management has been joined by three of Dell's (DELL) largest shareholders to object to the $24.4 billion deal to take the No. 3 PC maker private, Reuters reported.

8. -- Film studio Lions Gate Entertainment (LGF - Get Report) is expected by Wall Street on Monday to report fiscal third-quarter earnings of 16 cents a share on revenue of $707 million.

9. -- Milford, Conn., recorded the highest snow totals from a weekend storm that smacked the Northeast.

According to the Weather Channel, Milford got 38 inches of snow. Boston was hit with almost 22 inches of snow; New York's Central Park recorded 11.4 inches.

10. -- Mumford & Sons' "Babel" won album of the year at the Grammy Awards Sunday night.

-- 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
LCC $0.00 0.00%
DELL $0.00 0.00%
GOOG $693.01 0.00%
LGF $22.20 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs