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

Stock Futures Signal Further Climb After ADP

The Census Bureau at 10 a.m. is forecast to say that factory orders fell 2.2% in January after rising 1.8% in December.

Some Federal Reserve officials are scheduled to speak at meetings and conferences Wednesday. Philadelphia Fed President Charles Plosser will speak in Lancaster, Pa. starting at 8:15 a.m.; at 9:30 a.m. Dallas Fed President Richard Fisher is scheduled to speak in front of an audience in Maryland.

The Fed's March Beige Book of anecdotal views on the economy will be released at 2 p.m.

Gold for April delivery was falling 80 cents at $1,574.10, while April crude oil futures were down 16 cents to $90.66 a barrel.

The benchmark 10-year Treasury was slipping by 5/32, raising the yield to 1.918%. The dollar was up 0.11%, according to the U.S. dollar index .

The FTSE 100 in London higher by 0.15% and the DAX in Germany was gaining 0.88%. Hong Kong's Hang Seng index settled up 0.96%, while the Nikkei Average in Japan jumped 2.13%.

In corporate news, Staples (SPLS - Get Report) shares were tumbling by more than 5% after the office products company announced lower-than-expected revenue and gave a disappointing outlook as European, American, and corporate customers reined in their spending.

The company provided full-year earnings guidance of $1.30 to $1.35 a share, with revenue increasing by the low single-digits. Analysts, on average, are forecasting earnings of $1.44 a share. Staples posted fourth-quarter sales $6.57 billion, compared with the consensus estimate of $6.72 billion.

Verizon (VZ) is looking to acquire 100% of Verizon Wireless, its joint venture with Vodafone (VOD), Bloomberg reported.

American Eagle Outfitters (AEO - Get Report) shares were plunging by more than 8.5% after the specialty retailer forecast first-quarter EPS guidance of 16 cents to 19 cents a share, compared with 22 cents a share last year, saying that macro-economic headwinds and unfavorable weather affected consumer spending in February.

Members of J.C. Penney's( JCP ) board will consider selling the company or replacing Ron Johnson as CEO if a deep drop in sales can't be reversed this year, people familiar with the matter told The Wall Street Journal.

Smith & Wesson (SWHC), the firearm maker, posted fourth-quarter profit Tuesday of $14.6 million, or 22 cents a share, more than tripling from year-earlier profit of $4.4 million, or 7 cents a share.

Revenue jumped 39% to $136 million as consumers bought guns while U.S. lawmakers debated whether to impose a ban on some weapons.

VeriFone (PAY) swung to a profit in the first quarter but the maker of terminals for electronic payments said Tuesday it could make senior management changes to "execute our strategic plan going forward."

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.
2 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
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
AEO $16.47 0.86%
SPLS $12.32 0.57%
AAPL $118.03 -0.71%
FB $105.41 -0.31%
GOOG $748.15 -0.02%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs