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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Morning Briefing: 10 Things You Should Know

Stocks in this article: INTCDELLVZGOOGMSFTIBMMS

NEW YORK ( TheStreet) -- Here are 10 things you should know for Thursday, July 18:

1. -- U.S. stock futures were pointing to a flat open for Wall Street on Thursday ahead of another round of big corporate earnings and the second day of testimony from Federal Reserve Chairman Ben Bernanke before Congress.

European stocks were mixed in choppy trading. Shares in Japan advanced while Chinese equities declined in Thursday's session.


2. -- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, the Philiadelphia Fed index for July at 10 a.m. and leading indicators for June at 10 a.m.


3. -- U.S. stocks on Wednesday rose as Federal Reserve Chairman Ben Bernanke reiterated an accommodative tone on monetary policy, easing concern the central bank is seeking to curb the bond-buying stimulus program that has helped boost equity markets for more than 18 months.

The S&P 500 rose 0.3% to 1,680.91, extending the index's 2013 advance to 18%. The Dow Jones Industrial Average gained 0.1% to 15,470.52 while the Nasdaq added 0.3% to 3,610.


4. -- Dell (DELL) shareholders vote Thursday on founder and CEO Michael Dell's plan to take the PC company private in a $24.4 billion deal but the deal has received new opposition from the likes of big investors Vanguard Group, State Street and BlackRock, The Wall Street Journal reported.

Michael Dell and his advisers were weighing how to respond to the latest developments. People involved in the transaction said they were expecting to delay the scheduled shareholder vote, the newspaper said.

The latest opposition would bring the count of known planned negative votes to close to 30% of Dell shareholders, according to the Journal.


5. -- Verizon Communications (VZ) is forecast by Wall Street to report on Thursday second-quarter earnings of 72 cents a share on revenue of $29.83 billion.

Verizon, parent of No. 1 wireless carrier Verizon Wireless, earned 64 cents a share in the second quarter of 2012 on revenue of $28.55 billion.


6. -- Google (GOOG) is expected to post earnings of $10.78 a share in the second quarter on revenue of $14.42 billion.

Investors will be monitoring cost-per-clicks on Google, as the search giant continues to generate most of its revenue through advertising. .


7. -- Intel (INTC) missed second-quarter earnings estimates, and the world's largest chipmaker revised guidance lower.

Intel reported on Wednesday earnings of 39 cents a share on revenue of $12.81 billion; analysts were calling for earnings of 39 cents to 40 cents a share on revenue of $12.9 billion.

For the third quarter, Intel said it expects revenue to be $13.5 billion, plus or minus $500 million. Gross margins would be about 61%, plus or minus a couple of percentage points.

For the full year, Intel revised revenue guidance lower, saying it now expects it to be "approximately flat year-on-year, down from prior expectations of low single digit percentage increase."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • 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