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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Oct. 30 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Wednesday, Oct. 30:

1.-- U.S. stock futures were pointing to gains on Wall Street Wednesday as investors expect the Federal Reserve to maintain the pace of stimulus the central bank has been supplying to the economy.

European stocks were rising in early trading while Asian shares finished Wednesday's session with gains. Japan's Nikkei 225 index rose 1.2%.

2.-- The economic calendar in the U.S. Wednesday includes the ADP Employment Change Index for October at 8:15 a.m. EDT, the third-quarter advance reading on gross domestic product at 8:30 a.m., and the Consumer Price Index for September at 8:30 a.m. The rates decision from the Federal Open Market Committee is expected at 2:15 p.m.

3.--U.S. stocks on Tuesday rose and the Dow Jones Industrial Average and S&P 500 closed at record highs on expectations the Fed won't pull back on its stimulus measures at the conclusion of its two-day policy meeting Wednesday given that the U.S. economic recovery continues to struggle.

The S&P 500 gained 0.6% to close at 1,771.95 while the Dow jumped 0.7% to 15,680.35. The Nasdaq added 0.3% to finish at 3,952.34.

4.-- Social networking giant Facebook (FB) is expected by Wall Street on Wednesday to report third-quarter earnings of 19 cents a share on revenue of $1.91 billion. Facebook's report is scheduled for after the closing bell.

Investors will be focused on signs that Facebook can keep growing advertising revenue, especially on mobile devices.

Facebook posted earnings, excluding special items, in the year-earlier third quarter of 12 cents a share on revenue of $1.26 billion.

5.-- General Motors (GM), the biggest automaker in the U.S., is expected to report earnings of 94 cents a share in the third quarter on revenue of $39.49 billion.  

GM remains second in global auto sales with 7.25 million vehicles, behind Toyota (TM).

6.-- LinkedIn (LNKD) reported third-quarter earnings on Tuesday that blew past Wall Street expectations.

LinkedIn, the professional online network, earned 39 cents a share for the three months ended Oct. 30; analysts were expecting a profit of 32 cents a share.

LinkedIn reported sales of $393 million, surpassing an average forecast for $385 million.

7.
-- Social network Twitter, which is preparing for an initial public offering as soon as next week,has added photo and video previewsto the feed of items that users see when they log onto the service from the Web or mobile applications,The New York Timesreported. In the past, Twitter users had to click on a link to see a photo or video.

8.-- Activist investor Nelson Peltz escalated the pressure on snack maker Mondelez (MDLZ) by accusing the company of doing too little to cut costs, The Wall Street Journal reported.

Peltz said Mondelez could nearly double its per-share earnings if it did a better job managing its costs. "Execution is their challenge," he said at an investment conference in Chicago, the Journal reported.

Peltz previously proposed that PepsiCo spin off its beverage business and merge its snack business with Mondelez to create a $70 billion snack food giant, the Journal noted.

9.-- Honda (HMC) said quarterly profit rose 46% as higher car sales in the U.S. and motorcycle shipments to Asia offset costs from plant openings.

Revenue rose 27% in the July-September quarter to 2.89 trillion yen ($29.4 billion). Net income was 120.3 billion yen ($1.2 billion).

10.-- The National Basketball Association kicked off its season Tuesday and in the featured game the Miami Heat, the defending NBA champion, beat the Chicago Bulls, 107-95.

-- Written by Joseph Woelfel

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

To submit a news tip, send an email to:tips@thestreet.com.

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

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 17,118.46 +66.73 0.39%
S&P 500 1,984.42 +10.79 0.55%
NASDAQ 4,457.6960 +32.9920 0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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