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 Friday, Oct. 18:

1.-- U.S. stock futures were pointing to gains on Wall Street Friday after economic growth in China rebounded in the latest quarter.

European shares were rising. Asian stocks ended the session mostly higher after China's economic growth rose to 7.8% in the third quarter from a two-decade low of 7.5% in the second quarter, helped by government stimulus measures. Japan's Nikkei 225 index slipped 0.2%.

2.-- The economic calendar in the U.S. Friday includes leading economic indicators for September at 10 a.m. EDT.

3.--U.S. stocks closed Thursday with gains as investor relief that lawmakers avoided a default on the country's debt combined with prospects that the Federal Reserve is unlikely to curtail its stimulus program after a weaker-than-expected national jobs report.

The S&P 500 gained 0.67% to close at 1,733.15, an all-time high. The Dow Jones Industrial Average slipped 0.01% to 15,371.65. The Nasdaq rose 0.62% to 3,863.15.

Must Read: Morning Briefing: 10 Things You Should Know

4.-- Google (GOOG - Get Report) shares jumped almost 5% in after-hours trading Thursday after the online search giant posted earnings that beat expectations.

Google reported earnings of $10.74 a share on revenue of $11.93 billion, excluding traffic acquisition costs. With TAC, revenue was $14.9 billion. Analysts expected Google to earn $10.34 a share on revenue, including TAC, of $14.79 billion.

"Google had another strong quarter with $14.9 billion in revenue and great product progress," said Larry Page, CEO of Google. "We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device."

5.-- General Electric (GE - Get Report) is expected by Wall Street to report third-quarter earnings Friday of 35 cents a share on revenue of $35.96 billion.

GE posted earnings of 36 cents a share in the second quarter and 35 cents a share in the year-earlier third quarter. Revenue in the second quarter was $35.12 billion and $36.35 billion a year earlier.

6.-- Morgan Stanley (MS - Get Report) is forecast to report Friday third-quarter earnings of 40 cents a share on revenue of $7.7 billion.

7.-- Lenovo, the Chinese PC maker and world's largest, is actively considering a bid for all of smartphone maker BlackBerry (BBRY - Get Report), The Wall Street Journal reported, citing people familiar with the matter. Lenovo has signed a non-disclosure agreement with BlackBerry.

It was reported last week that BlackBerry founder and former co-CEO Mike Lazaridis was weighing a takeover of the company. Last month, BlackBerry reached a preliminary $4.7 billion buyout deal with Fairfax Financial Holdings, a Canadian insurance firm.

BlackBerry shares rose 1.2% on Thursday to $8.30.

8.-- Honeywell (HON - Get Report) is expected by analysts to report third-quarter earnings on Friday of $1.24 a share on revenue of $9.92 billion.

9.-- 21st Century Fox (FOXA) is holdings its annual shareholders meeting Friday as certain activist investors are looking to strip the chairman job from CEO Rupert Murdoch

10.-- The Boston Red Sox edged the Detroit Tigers 4-3 Thursday night to take a 3-2 lead in the AL championship series, which resumes Saturday at Fenway Park in Boston. 

-- Written by Joseph Woelfel

To contact the writer of this article, click here:Joseph Woelfel

To submit a news tip, send an email

Copyright 2013 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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
BBRY $6.86 0.00%
GE $30.63 0.00%
GOOG $692.36 0.00%
HON $114.51 0.00%
MS $26.89 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs