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: DELL JCP JPM YHOO FB

NEW YORK ( TheStreet) -- Here are 10 things you should know for Friday, May 17:

1. -- U.S. stock futures were rising Friday, signaling a fourth week of gains for the S&P 500 ahead of the University of Michigan Consumer Sentiment report and the Conference Board's Index of Leading Indicators.


2. -- The economic calendar in the U.S. Friday includes the University of Michigan sentiment index for May at 9:55 a.m. EDT, and the leading indicators for April at 10 a.m.


3. -- U.S. stocks on Thursday fell after disappointing housing, jobs and manufacturing reports heightened concerns that the historic market gains this year have occurred despite questions about the strength of the U.S. economic recovery.

The S&P 500 declined 0.5% to 1,650.47.


4. -- Dell (DELL - Get Report) posted earnings on Thursday that came in below analysts' forecasts but the PC maker's revenue topped estimates.

Dell's Enterprise Solutions group booked a solid increase in revenue during the quarter, while hardware sales were giving both sides of the Dell takeover battle an edge.


5. -- J.C. Penney (JCP - Get Report) on Thursday posted a first-quarter loss of $348 million, or $1.58 a share.

The adjusted loss for the quarter totaled $289 million, or $1.31 a share, which includes charges related to the retailer's restructuring and management transition.


6. -- One of T. Rowe Price's largest equity funds said it will vote against a shareholder proposal to split the chairman and CEO roles at JPMorgan Chase (JPM - Get Report) .

Brian Rogers, portfolio manager of the T. Rowe Price Equity Income Fund, said in an emailed statement to The Wall Street Journal: "I fully support the combined Chairman and CEO role at J.P. Morgan under the superb leadership of Jamie Dimon."


7. -- Yahoo! (YHOO - Get Report) is holding serious talks with Tumblr about a strategic alliance and investment in or an outright buy of the New York-based blogging service, AllThingsD reported, citing sources close to the situation.


8. -- Saturday marks the one-year anniversary of Facebook's (FB - Get Report) initial public offering. Its IPO price last May was $38; the stock closed Thursday at $26.13, down 31% from the IPO price.


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 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

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