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Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Tuesday, July 16:

1. -- U.S. stock futures were suggesting a flat open for Wall Street on Tuesday ahead of a key consumer inflation report.

European stocks were slipping following investor confidence data in Germany that came in below expectations.

Asian shares ended Tuesday's session mixed. Japan's Nikkei 225 added 0.6% to finish at 14,599.12.


2. -- The economic calendar in the U.S. Tuesday includes the Consumer Price Index for June at 8:30 a.m. EDT, industrial production and capacity utilization for June at 9:15 a.m., and the NAHB Housing Market Index for July at 10 a.m.


3. -- U.S. stocks on Monday gained for an eighth day on Monday as Citigroup's (C) better-than-expected second-quarter profit offset a slowdown in U.S. retail spending and broader growth in China, the world's second-largest economy.

The S&P 500 rose 0.1% to close at 1,682.50 while the Dow Jones Industrial Average added 0.1% to 15,484.26. The Nasdaq advanced 0.2% to 3,607.49.


4. -- Goldman Sachs (GS - Get Report) is expected by analysts to report on Tuesday second-quarter earnings of $2.82 a share on revenue of $7.98 billion. A year earlier, the investment bank posted profit of $1.78 a share.


5. -- Coca-Cola (KO - Get Report), the world's biggest soft drinks maker, is forecast to report earnings of 63 cents a share in the second quarter on revenue of $12.96 billion.


6. -- Wall Street expects Johnson & Johnson (JNJ - Get Report), the health care giant, to report second-quarter earnings of $1.39 a share on revenue of $17.71 billion.

Shares of J&J have gained more than 28% in 2013.


7. -- Yahoo! (YHOO - Get Report), the Internet company, reports earnings after the closing bell Tuesday and analysts expect second-quarter earnings of 30 cents a share.

Tuesday marks the one-year anniversary of the arrival of Marissa Mayer as CEO at Yahoo! The stock has risen more than 70% since she took over the top spot.

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SYM TRADE IT LAST %CHG
BIDU $201.45 0.63%
GS $209.06 1.30%
JNJ $101.13 0.31%
KO $41.12 0.32%
YHOO $43.38 1.24%

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

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