Join        Login             Stock Quote

Futures Dip Amid Mixed Earnings; Time Warner (TWX) Gains

 February 06, 2013 08:59 AM

(By Balachander) U.S. stock-index futures pointed to a lower opening on the Wall Street as investors digested a set of mixed corporate earnings reports.

Mini Dow Industrial Average futures shed 38 points to 13,872. The Nasdaq futures lost 11.75 points to 2,737.50. Standard and Poor's 500 futures slipped 4.70 points to 1,501.10.

There are no major U.S. economic data scheduled to be released for the day.

On Tuesday, U.S. stocks closed sharply higher as investors weighed a set of upbeat corporate earnings reports and Dell's agreement to be taken private.  


[Related -Express Scripts Holding Company (ESRX): Should You Own ESRX in 2014?]

In corporate news, Walt Disney Co. (NYSE: DIS) rose 2.51 percent in premarket after the company posted better-than-expected results for the first quarter.

Hewlett-Packard Co. (NYSE: HPQ) gained 2.56 percent in premarket amid reports that the PC maker is mulling a break-up of the company, among other options.

CVS Caremark Corp. (NYSE: CVS) added 1.12 percent in premarket after the health care company boosted its earnings forecast for 2013. CVS posted better-than-expected quarterly earnings helped by a double-digit jump in pharmacy services revenue.

[Related -Should You Buy HP's Stellar Rebound?]

Time Warner Inc. (NYSE: TWX) advanced 3.38 percent in premarket after the media and entertainment company reported a 51 percent jump in fourth-quarter earnings due to growth at the Networks and Film and TV Entertainment segments.

Cummins Inc. (NYSE: CMI) added 2.65 percent in premarket after the maker of diesel engines reported lower quarterly earnings and revenue that topped market forecasts.

Marathon Oil Corp. (NYSE: MRO) shed 1.35 percent in premarket after the company posted fourth-quarter earnings that trailed Wall Street projections.

Ralph Lauren Corp. (NYSE: RL) jumped 6.12 percent in premarket after the apparel company issued an upbeat forecast following a jump in third-quarter profit.

Zynga Inc. (NASDAQ: ZNGA) reported an unexpected profit for the fourth quarter amid flat revenue and sharp drop in expenses. Shares gained 3.65 percent in premarket.

Virgin Media Inc. (NASDAQ: VMED) shed 1.56 percent in premarket after Liberty Global Inc. (NASDAQ: LBTYAagreed to acquire the communications services company for roughly $23.3 billion in cash and stock. LBTYA shares fell 2.33 percent in premarket.  

Global Markets

European markets traded mixed, with Germany's DAX down 0.93 percent to trade at 7,593.19. France's CAC40 lost 0.88 percent to trade at 3,661.21. The U.K.'s FTSE 100 added 0.26 percent to trade at 6,299.90.

Among Asian markets, China's Shanghai Stock Exchange Composite Index rose 0.06 percent to close at 2,434.48. Japan's Nikkei 225 jumped 3.77 percent to finish at 11,463.75. Hong Kong's Hang Seng Index added 0.47 percent to end at 23,256.93. India's BSE Sensex ended 0.10 percent lower at 19,639.72.  

Commodity & Currency Scan

Ahead of the opening bell, crude oil futures traded 1.32 percent lower at $95.35 per barrel. Gold futures advanced 0.16 percent to $1,676.20 per ounce.

In the currency market, the euro fell 0.50 percent against the U.S. dollar to 1.3515, while the British pound inched up 0.02 percent to 1.5662. The dollar edged 0.03 percent lower against the Japanese yen at 93.6000.



Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageAutomating Ourselves To Unemployment

In this current era of central planning, malincentives abound. We raced to frack as fast we could for the read on...

article imageFed: Waiting For June… Or Godot?

The Federal Reserve left interest rates unchanged yesterday, as widely expected. But the possibility of a read on...

article imageThe Single Best Place To Invest Your Money For Retirement

It was never supposed to be this daunting. At least that's what we were read on...

article imageNegative Blowback From Negative Interest Rates

The Federal Reserve is widely expected to leave interest rates unchanged today. But perhaps standing pat read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.