The Day Ahead: Just Another Muted Monday

 | Dec 30, 2013 | 8:30 AM EST
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U.S. stock futures were little changed Monday morning as Wall Street began another holiday-shortened week of trading. Overseas, European stocks pulled back from last week's rally and Asian markets closed mostly higher.

There are just a couple of items on the economic docket this morning, starting with pending home sales from the National Association of Realtors at 10 a.m. ET. The Dallas Fed's manufacturing survey is due to follow at 10:30.

Among stocks to watch today, Crocs (CROX) said CEO John McCarvel is retiring as private-equity group Blackstone (BX) takes a $200 million stake in the struggling maker of colorful plastic shoes. Also, the Food and Drug Administration has rejected French drugmaker Sanofi's (SNY) multiple sclerosis drug Lemtrada, considered the centerpiece of its takeover of biotech Genzyme. And Target (TGT) continues to be a stock to watch as investors and consumers size up the fallout from the retailer's recent, massive credit-card breach.

Finally, egg producer Cal-Maine Foods (CALM) failed to crack top- and bottom-line quarterly estimates this morning.

Columnist Conversations

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today is a good day to lighten the load and take some positions off the table. SOLD WB OCT 85 CALL AT 11 (i...
I reached out last week to my close friend Ken Shreve, who is a prominent writer for the IBD.  I asked Ke...

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