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

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Tuesday, May 28:

1. -- U.S. stock futures were pointing to a rebound Tuesday after the S&P 500 posted its first weekly decline in five weeks ahead of what's expected to be improved consumer confidence and home price reports and amid a pair of upbeat M&A developments.

2. -- The economic calendar in the U.S. Tuesday includes the S&P/Case-Shiller 20-city home-price index for March at 9 a.m. EDT, and consumer confidence for May at 10 a.m.

3. -- U.S. stocks on Friday closed mixed and posted their first weekly decline in five weeks on concern the Federal Reserve may wind down its stimulus program.

The S&P 500 finished down 0.06% on Friday to 1,649.60, off 1.07% for the week. It was the first weekly decline since the week ended April 19.

The Dow Jones Industrial Average settled up 0.06% on Friday to 15,303.10 and inched down 0.33% for the week. The Nasdaq closed down 0.01% to 3,459.14, off 1.14% for the week.

Stock markets in the U.S. were closed Monday for the Memorial Day holiday.

4. -- Valeant Pharmaceuticals (VRX - Get Report), Canada's largest drugmaker, announced it has agreed to acquire eye-care company Bausch & Lomb for $8.7 billion.

5. -- U.K. drugmaker AstraZeneca (AZN - Get Report) agreed to buy specialty pharmaceutical company Omthera (OMTH) for $12.70 a share, or about $323 million, a premium of 88% to Omthera's closing price on Friday of $6.77.

6. -- Tiffany (TIF - Get Report), the jeweler, is expected by analysts to report on Tuesday first-quarter earnings of 52 cents a share on sales of $855.1 million.

7. -- Yahoo! has bid from $600 million to $800 million for the premium video site Hulu, according to AllThingsD, which cited numerous sources close to the situation.

8. -- A fire aboard Royal Caribbean's (RCL) "Grandeur of the Seas," which was carrying about 3,000 passengers, on Monday led to the cancellation of the rest of the voyage.
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
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
OMTH $0.00 0.00%
AZN $29.66 0.00%
TIF $61.73 0.00%
UNFI $34.59 0.00%
VRX $88.39 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs