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

[video] Quick Take: Bank Earnings and Big Deals Heading Into Tuesday

NEW YORK (TheStreet) -- After a harsh selloff Monday, U.S. equities are rebounding Tuesday with the S&P 500, Dow Jones Industrial Average and Nasdaq all moving higher. TheStreet's Jonathan Marino details Tuesday's top headlines. 

JPMorgan (JPM) kicked off an important week of earnings reports for the financial sector. Amid circling legal issues and hefty fines, the institution was able to beat analysts expectations' on both the top and bottom lines.  

Wells Fargo (WFC) also reported earnings this morning. It too beat on the top and bottom lines, which is a good start for the sector. Bank of America (BAC) reports tomorrow morning, while Citigroup (C) and Goldman Sachs (GS) both report on Thursday morning. 

There was also some heavy M&A activity announcements on Monday, Marino said. 

Must Read: John Malone's Outsized Ambition Drives Charter's Time Warner Bid

Google (GOOG) announced the purchase of Nest Labs for $3.2 billion, while Time Warner Cable (TWC) rejected a $61 billion bid from Charter Communications (CHTR), he reported. 

Time Warner Cable has confirmed it would accept a $160 per share offer, in a combination of stock and cash. 

Finally, Marino had the Action Alerts PLUS co-portfolio manager Jim Cramer's top pick: Yum Brands (YUM)

Yum reported a 2% increase in Chinese comp sales. Cramer said it's a sign of a rebound for the company in the region and he is a buyer of the stock on weakness.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs