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

Jan. 13 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Monday, Jan. 13:  

1.-- U.S. stock futures were pointing lower on Monday while overseas equities mostly shrugged off a weak U.S. jobs report.

European stocks were rising slightly early Monday. Asian shares ended the session with gains. Hong Kong's Hang Seng index rose 0.2%. Japanese markets were closed for a holiday.

2.-- The economic calendar in the U.S. Monday includes the Treasury Budget for December at 2 p.m. EST.

3.-- U.S. stocks on Friday closed mixed after a worse-than-expected December jobs report underlined the rocky nature of the economic recovery.

The S&P 500 added 0.23% to close at 1,842.37, while the Dow Jones Industrial Average fell 0.05% at 16,437.05. The Nasdaq gained 0.44% to finish at 4,174.67. The S&P and Nasdaq added 0.6% and 1.03%, respectively, in the first full trading week of 2014. The Dow lost 0.2% for the week.

4.-- General Motors (GM - Get Report) Chief Financial Officer Dan Ammann told reporters the automaker is "the closest it has ever been" to reinstating a dividend.

Must Read: Insider Bets Paying Off At RDN As New 52-Week High Reached

GM last paid a dividend on its common stock in May 2008.

Ammann, who is set to become GM president on Thursday, made the comments on the sidelines of the North American International Auto Show in Detroit, Reuters reported. Ammann also said the European car market has bottomed but wasn't sure how fast it would rebound.

5.-- Amec, the British engineering company, said Monday it provisionally agreed to buy Foster Wheeler (FWLT) in a cash and stock deal of $3.2 billion.

Foster Wheeler is listed in the U.S. but is based in Switzerland. 

Amec, which said the deal would improve its geographic reach, will offer 0.9 Amec shares and $16 in cash for each Foster Wheeler share, or $32 a Foster Wheeler share. Foster Wheeler shares closed Friday at $31.46.

6.-- Ford (F - Get Report) is expected to unveil at the International Auto Show on Monday a new F-150 pickup truck with a body built almost entirely out of aluminum. The lighter material cuts about 700 pounds off the 5,000-pound truck.

"There is already so much buzz around the F-150, including a lot of questions about how the aluminum body will affect weight reduction, fuel economy and performance, Edmunds.com analyst Jessica Caldwell said. "I wonder if it will be something people embrace, or if people will think it strays too far from what a truck is. The traditional truck market is not used to radical change."

7.-- Consulting giant Accenture (ACN) received a one-year contract to continue technical improvements to HealthCare.gov, the flawed online health insurance marketplace set up by the Affordable Care Act. 

Accenture takes over from CGI Group (GIB), the main contractor of the marketplace. CGI has had a contract to run the Web site since 2011. 

8.-- Fast food chain Wendy's (WEN) is expected by analysts on Monday to report preliminary fourth-quarter earnings of 6 cents a share on revenue of $611.3 million.

9.-- "12 Years a Slave" won best motion picture drama at the 2014 Golden Globes on Sunday night, while "American Hustle" took the top prize for best comedy or musical motion picture.

10.-- The Denver Broncos beat the San Diego Chargers, 24-17, on Sunday night and are headed to the AFC Championship Game against the New England Patriots next weekend.

Earlier in the day, the San Francisco 49ers beat the Carolina Panthers, 23-10, and will play the Seattle Seahawks in the NFC Championship Game next Sunday.

-- 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.

Follow @josephwoe58

Copyright 2014 TheStreet.com 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
F $15.22 3.60%
GM $32.00 2.20%
AAPL $123.14 -0.19%
FB $96.41 1.20%
GOOG $629.48 0.24%

Markets

Chart of I:DJI
DOW 17,771.50 +141.23 0.80%
S&P 500 2,106.73 +13.48 0.64%
NASDAQ 5,107.1140 +17.9080 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs