Stocks are set to rise this morning after Germany released some
good economic news.
US stock indices are poised to rise today as futures are higher
(INDEXDJX:.DJI) futures rose 0.07% to 15,986 while
(INDEXSP:.INX) futures were up 0.01% at 1,793.90. Futures on the
(INDEXNASDAQ:.IXIC) gained 0.09% to 3,403.50.
Today's economic calendar is light, but at 10 a.m. we will get the
September job openings and labor turnover survey from the Labor
Department. Economists expect job openings to have declined to 3.83
million from 3.883 million in August.
European shares were almost flat despite good economic news from
Germany. The Ifo Business Climate Index showed that economic
sentiment this month rose to 109.3 from 107.6, outlook on current
conditions rose 0.7 points to 112.2, and business expectatinos rose
2.3 points to 106.3. German GDP for the third quarter was in-line
with expectations, rising just 0.6% year-over-year. Italian retail
sales unexpectedly fell 0.3% in September.
) shares dropped 1.6% today after the chipmaker issued poor
guidance. Intel says that revenue in 2014 will be roughly the same
as in 2013's projected $52.6 billion, disappointing analyst
projections of a 2.1% increase. The company says that though the PC
market is still declining, it is showing signs of stabilization.
) shares could see some action today. One year after Bill Ackman
announced a massive short of the multilevel marketer, which has so
far been unsuccessful, the activist investor might refresh or renew
his short in today's investor conference.
) latest Xbox goes on sale today in 13 countries. The console,
which is $100 more expensive than the
) PlayStation 4, is likely to be a hit as well. Electronics
retailers are seeing lines of gamers waiting to buy the Xbox One.
United Continental Holdings Inc
) shares rose 2.7% in the pre-market today after hedge fund manager
David Tepper said that his "big play" in the markets is airlines.
The world's biggest airline was also upgraded to a buy by
Wall Street Journal
Charter Communications, Inc.
(CHTR) is lining up financing from banks to acquire
Time Warner Cable
(TWC). The idea is that consolidation could help cut programming
at a conference
, Time Warner Cable CFO Artie Minson said that he is skeptical that
cable mergers could lower costs and he is open to integrating
(NFLX) into set-top boxes. Time Warner's market cap is more than
twice Charter's $13 billion.