This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Morning Briefing: 10 Things You Should Know

Stocks in this article: URBN JPM HD BBY AAPL YHOO

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) 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) 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), 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) 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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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