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

Nov. 7 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Nov. 7:

1.-- U.S. stock futures were pointing to a weaker start for Wall Street on Thursday ahead of U.S. growth figures and policy decisions from the European Central Bank and Bank of England.

European stocks were trading mixed early Thursday. Asian shares ended the session with losses. Japan's Nikkei 225 declined 0.8%.

2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EST, the advanced report for third-quarter gross domestic product at 8:30 a.m., and consumer credit for September at 3 p.m.

3.--U.S. stocks on Wednesday rose amid expectations that economic growth data and a crucial jobs reports due Friday will bolster Federal Reserve plans to sustain current levels of stimulus. 

The S&P 500 rose 0.43% to close 1,770.49 while the Dow Jones Industrial Average reached a new record high after rising 0.82% to finish the trading day at 15,746.88. The Nasdaq, meanwhile, slipped 0.2% to 3,931.95.

Must Read: Nov. 6 Premarket Briefing: 10 Things You Should Know

4.--  Twitter will begin  trading Thursday on the New York Stock Exchange after its initial public offering was priced $26 a share.

The San Francisco-based company sold $1.82 billion in shares, or just more than 12% of its outstanding stock, in an offering that gives the micro-blogging site a valuation of roughly $14.2 billion.

Twitter will trade under symbol 'TWTR.'

5.-- Media and entertainment giant Walt Disney (DIS - Get Report) is expected by analysts on Thursday to report fiscal fourth-quarter earnings of 76 cents a share on revenue of $11.4 billion.

The company previously said the poor box office showing of "The Lone Ranger" would cause a write-down of $160 million to $190 million in the quarter.

Disney earned 68 cents a share in the year-earlier period on revenue of $10.78 billion.

6.-- New York Police Department Commissioner Ray Kelly is in the running for a top security job at JPMorgan Chase (JPM), sources at the bank told The New York Post.

The bank's senior security officer, Thomas Higgins, left about a month ago and hasn't been replaced.

JPMorgan officials refused to comment on the Post report.

7.-- Groupon (GRPN), the daily deals site, is predicted by Wall Street to post a profit of 1 cent a share in the third quarter on sales of $615.7 million.

8.-- Square, the mobile-payments startup founded by Twitter co-founder Jack Dorsey, is in early-stage discussions with Goldman Sachs and Morgan Stanley about a possible IPO, a person familiar with the matter told The Wall Street Journal.

Square's sales are approaching $1 billion in 2014, according to an internal projection people familiar with the matter shared with the Journal.

9.-- Priceline (PCLN - Get Report), the online travel company, is forecast by Wall Street to report third-quarter earnings on Thursday of $16.15 a share on revenue of $2.22 billion.

10.-- Wall Street bonuses in 2013 may rise 5% to 10%, on average, from last year, according to a report from Johnson Associates.

Top executives of Wall Street firms will see bonuses rise by as much as 5%, Johnson Associates said and Reuters reported, as the recovery from the financial crisis continues.

-- 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
DIS $103.68 -0.65%
PCLN $1,347.24 -0.70%
TSLA $234.71 -2.90%
YHOO $36.15 -1.00%
AAPL $95.23 1.70%


Chart of I:DJI
DOW 17,759.53 -131.63 -0.74%
S&P 500 2,066.94 -14.49 -0.70%
NASDAQ 4,782.9590 -34.6350 -0.72%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs