This Day On The Street
Continue to site
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

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Tuesday, May 21:

1. -- U.S. stock futures were little changed Tuesday, after the S&P 500 eased from its record high during the prior session as investors suspected the Federal Reserve will slow its quantitative easing after officials hinted at the possibility because of a better economic outlook.


2. -- The economic calendar in the U.S. Tuesday is empty.


3. -- U.S. stocks on Monday closed lower on investor concern that the Fed may curb its bond-buying economic stimulus program.

The S&P 500 closed off 0.07% to 1,666.29 while the Dow Jones Industrial Average lost 0.12% to 15,335.51. The Nasdaq slid 0.07% to 3,496.43.


4. -- JPMorgan Chase (JPM - Get Report) holds its annual meeting on Tuesday and among the various proxy items subject to a shareholder vote is a proposal to split Jamie Dimon's dual roles as CEO and chairman.

Press reports suggest Dimon could quit if the vote goes against him.


5. -- Home Depot (HD - Get Report) posted first-quarter earnings of $1.2 billion, or 83 cents a share, up from $1 billion, or 68 cents a share, in the year-earlier quarter, as sales rose 7.4% to $19.1 billion.

Analysts were calling for the world's biggest home-improvement retailer to post first-quarter earnings of 77 cents a share on revenue of $18.68 billion.

The company lifted its earnings guidance for 2013, saying it sees earnings rising about 17% to $3.52 a share.


6. -- Best Buy (BBY - Get Report), the electronics retailer, posted adjusted first-quarter earnings of 29 cents a share on revenue of $9.38 billion.

Wall Street was looking for earnings of 25 cents a share on revenue of $10.66 billion in the first quarter ended April 30.


7. -- Yahoo! (YHOO - Get Report) announced Monday the complete upgrade of its popular Flickr photo sharing service, and the leasing of new space for a Yahoo! New York office.

The news followed the Internet giant's announcement earlier in the day that it had reached a deal to buy microblogging site Tumblr for $1.1 billion.


8. -- Urban Outfitters (URBN), owner of Anthropologie, Free People and its name brand, posted sales on Monday that fell short of analyst expectations.

The retailer said revenue rose 14% for the three months ended April 30 to a record $648.1 million, but than an average forecast of $655.1 million, according to Yahoo! Finance. Profit jumped 39% to $47 million from the same period a year earlier, while earnings per share adjusted for some items totaled 32 cents for the quarter, beating the forecast of 29 cents.


1 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
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!
SYM TRADE IT LAST %CHG
AAPL $124.75 0.00%
BBY $36.46 0.00%
HD $112.10 0.00%
JPM $62.84 0.00%
YHOO $44.45 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs