Day Ahead: Waiting on Tech Titans

 | Apr 23, 2014 | 8:00 AM EDT  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

aapl

,

FB

,

ba

,

yum

Stock index futures were little changed ahead of trading Wednesday -- which isn't surprising, given that the most hotly anticipated earnings are coming after the close of trading.

International markets were mostly in the red (although the Nikkei bucked that trend) after China reported a fourth-straight month of contraction in factory activity.

Tech heavyweights Apple (AAPL) and Facebook (FB) are both due to report after hours. Analysts are expecting Apple to report fiscal second-quarter earnings of $10.18 a share with revenue of about $43.5 billion. Investors will also be looking for any hints about the iPhone 6. Facebook is expected to have earned $0.24 a share in the first quarter, with revenue of $2.36 billion.

While investors may be in a bit of a wait-and-see mode for these stocks, there are still a bevy of reports to react to before the bell.

Shares of Boeing (BA) jumped more than 3.4% in before-hours trading after the company beat profit estimates by $0.20 a share.

And shares of Yum! Brands (YUM) climbed ahead of trading. The fast-food operator reported a profit that beat estimates after the bell Tuesday, and management reiterated guidance.

Looking to the economy, the only major report comes after the start of the trading is March new-home sales, at 10 a.m. ET. Economists expect that the annual pace rose 2.3% to 450,000.

Columnist Conversations

The 244 area is the first major target off the 10/16 low. It's still a good idea to trail up stops as you go,...
Time to ratchet up stops if you took anything in BIDU. See the chart below. View Char...
Market is off to a rollicking start as we close the most memorable month of October with the DJIA again achiev...
Do I really need to tell you that overnight inventory is long as measured against Thursday day session close? ...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.