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 Monday, July 22:

1. -- U.S. stock futures were pointing to gains on Wall Street Monday and Japanese markets rose after the country's ruling government regained control of parliament's upper house, giving Prime Minister Shinzo Abe a mandate to push economic reforms forward.

European stocks were trading higher. Japan's Nikkei 225 index rose 0.5% to finish at 14,658.04 and other Asian markets ended with gains.


2. -- The economic calendar in the U.S. Monday includes existing-home sales for June at 10 a.m. EDT.


3. -- U.S. stocks on Friday ended mixed amid disappointing earnings from big tech companies, but the S&P 500 rose 0.2% on Friday to cap a fourth-consecutive weekly advance.

The Dow Jones Industrial Average dipped slightly Friday to close at 15,543.74; the blue-chip index gained 0.51% for the week. The technology-heavy Nasdaq fell 0.7% on Friday to 3,587.61.


4. -- Apple (AAPL - Get Report) and its Asian suppliers are testing larger screens for iPhones and tablets, officials at the company's suppliers told The Wall Street Journal.

Apple has asked in recent months for prototype smartphone screens larger than 4 inches and has also asked for screen designs for a new tablet device measuring slightly less than 13 inches diagonally, the officials told the newspaper. The current iPhone 5 screen is 4 inches; the iPad has a 9.7-inch screen.

An Apple spokeswoman declined to comment for the Journal.

Whether either design will make their way to market is unclear, the Journal noted, since Apple routinely tests different designs for its products.


5. -- McDonald's (MCD - Get Report), the giant hamburger chain, is forecast by Wall Street to report on Monday second-quarter earnings of $1.40 a share on revenue of $7.09 billion.


6. -- Netflix (NFLX - Get Report), the streaming video service, is expected to report profit of 40 cents a share in the second quarter on revenue of $1.07 billion.

Netflix earned $6.2 million, or 11 cents a share, in the year-earlier quarter on revenue of $889 million.


7. -- Chipmaker Texas Instruments (TXN - Get Report) is expected by analysts on Monday to report second-quarter earnings of 41 cents a share on revenue of $3.06 billion.

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%
GSK $47.29 0.00%
MCD $94.88 0.00%
NFLX $571.55 0.00%
TXN $57.33 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