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
TheStreet Open House

Morning Briefing: 10 Things You Should Know

Stocks in this article: NKD AIG DUK BA BKS MSG BRK.A

NEW YORK ( TheStreet) -- Here are 10 things you should know for Friday, May 3:

1. -- U.S. stock futures were flat Friday as investors paused for the April nonfarm payrolls report that's expected to show that the jobless rate remains elevated and that job additions remained below 200,000.

"Overall, the tone of the report is expected to be one of continued, but not catastrophic, weakness," said Laura Rosner, a U.S. economist at BNP Paribas in New York, in a client note.


2. -- The economic calendar in the U.S. Friday includes the April nonfarm payrolls report.

Payrolls are expected to have increased by 145,000 jobs in April, according to a Reuters survey of economists, up from March's nine-month low of 88,000.


3. -- U.S. stocks on Thursday rallied as the European Central Bank lowered interest rates in a sign that policymakers are willing to take further actions to revive their moribund economies while investors embraced reports that showed improvement in U.S. employment.

The S&P 500 gained for the third time in four days, rising 0.94% to 1,597.59 while the Dow Jones Industrial Average rose 0.89% to 14,831.58 and the Nasdaq advanced 1.26% to 3,340.62.


4. -- LinkedIn (LNKD - Get Report), the career Web site, forecast on Thursday second-quarter sales and earnings below analysts' estimates.

The Mountain View, Calif-based Internet company said it expects to post earnings before interest, depreciation and amortization of $77 million to $79 million, short of the estimates of $84.8 million. Sales were also less than expected, as the company forecast revenue for the current quarter between $342 million and $347 million, short of an average estimate of $359.7 million.


5. -- Insurance giant American International Group (AIG - Get Report) said Thursday first-quarter net income was $2.2 billion, or $1.49 a share, down 31% from year-earlier earnings of $3.2 billion, or $1.71 a share. The 2012 results included $3.3 billion in pretax income from investments in funds that were sold or liquidated last year.

Analysts were expecting earnings of 88 cents a share.


6. -- Duke Energy (DUK - Get Report) posted first-quarter profit of $634 million, or 89 cents a share, up from year-earlier earnings of $295 million, or 66 cents.

Duke said adjusted earnings in the quarter were $1.02 a share; analysts were looking for $1.04 a share.


7. -- Madison Square Garden (MSG) is forecast by analysts to report on Friday fiscal third-quarter earnings of 32 cents a share on revenue of $406 million.


8. -- Berkshire Hathaway's (BRK.A - Get Report) annual shareholder meeting is Saturday in Omaha, Neb.

The company's annual meeting , the "Woodstock for Capitalists" as Warren Buffett has said, will provide investors context on the strength of the U.S. and global economic recovery, while also giving shareholders an update on the direction of America's fifth-largest company by market capitalization.


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,374.65 -42.20 -0.24%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

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