After what set up to be a rough day in the market, major indices
turned around and finished the day higher yesterday.
Thursday, the Dow was up 63.65 points to finish the day at
16,027.59. The S&P was up 0.6 percent, or about 10 points, to
1,829.83 and the NASDAQ was up about one percent to close at
This morning, U.S. markets are moving lower in premarket
trading. The Dow is indicated down about 22 points while the
S&P is three points lower. The NASDAQ is trending down about
Jos. A Bank (NASDAQ:
purchasing Eddie Bauer
for $825 million. The harsh winter, including higher utility bills
than normal, may shave 0.3 points from GDP.
Japan fell to a one week low while other major indices were
higher. The Nikkei was down about 1.5 percent to close at 14,313.03
and the Hang Seng was up nearly 0.6 percent to finish at
The Shanghai Composite closed 0.8 percent higher at 2,115.85 and
the Kospi was up about 0.7 percent closing at 1,940.28.
Europe is full of green arrows this morning. The FTSE is up
about 0.2 percent at 6,667.73 and the DAX is 0.5 percent higher at
9,648.49. Finally, the CAC is 0.4 percent higher at 4,329.44.
Commodities are mixed. WTI is down about 0.5 percent at $99.83
while Brent is 0.2 percent lower at $108.31. Natural gas is up one
percent at $5.28 as the sharp rise in price continues.
Gold is up about 0.7 percent at $1,309.60 and silver is higher
by about 2.5 percent at $20.91. Copper is unchanged.
The euro is 0.1 percent higher against the dollar at 1.369 and
the dollar is about 0.3 percent lower against the yen at 101.79
The pound is 0.2 percent higher against the dollar at 1.669 and
the Aussie dollar is at 0.902 against the dollar-up about 0.5
Weight Watchers (NYSE:
) is down 21 percent while GNC Holdings (NYSE:
) is down 12 percent this morning. Cliffs Natural Resources (NYSE:
) is up nearly six percent while Arena Pharmaceuticals (NASDAQ:
) is up four percent.
Earnings reports from Thursday:
Agnico-Eagle Mines (NYSE: ) reported fourth quarter EPS of
$0.25, beating the consensus estimate of $0.19. Revenue of $437.24
million beat the consensus estimate of $410.9 million. Himax
Tech (NASDAQ: ) reported fourth quarter EPS of $0.10, in-line
with the consensus estimate. Revenue of $195.2 million beat the
consensus estimate of $193.31 million. PepsiCo (NYSE:
) reported fourth quarter EPS of $1.05, beating the consensus
estimate of $1.01. Revenue of $20.12 billion missed the consensus
estimate of $20.16 billion. Burger King Worldwide (NYSE:
) reported fourth quarter EPS of $0.24, beating the consensus
estimate of $0.23. Revenue of $265.2 million missed the consensus
estimate of $267.25 million. Melco Crown
) reported fourth quarter EPS of $0.43, beating the consensus
estimate of $0.38. Revenue of $1.39 billion beat the consensus
estimate of $1.36 billion. American International Group (NYSE:
) reported fourth quarter EPS of $1.15, beating the consensus
estimate of $0.96. Net income for the quarter totaled $1.98
billion, compared with a loss of $3.96 billion in the same quarter
The following companies will report earnings today:
Campbell Soup Company (NYSE: ) is projected to report its Q2
earnings at $0.73 per share on revenue of $2.27 billion. The J. M.
Smucker Company (NYSE: ) is estimated to report its Q3 earnings at
$1.68 per share on revenue of $1.53 billion. ALLETE (NYSE: ) is
expected to report its Q4 earnings at $0.84 per share on revenue of
$260.90 million. Hyatt Hotels (NYSE: ) is projected to report its
Q4 earnings at $0.20 per share on revenue of $1.08 billion.
To read today's full earnings calendar,
At 9:15 am EST, the Industrial Production report will reach the
market and Consumer Sentiment will be reported at 9:55 am EST.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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