Wednesday 16/10/2013=5 Things to Know Ahead of the Opening Bell==100 points -- Notes

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, [2], 3, 4, 5, 6, 7, 8, 9, 10 ]

Subject: Wednesday 16/10/2013=5 Things to Know Ahead of the Opening Bell==100 points

Author:
actual money

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 00:28:50 10/17/13 Thu

.Share on emailEmail Share on printPrint .

Recs

0 Back to Yahoo!
5 Things to Know Ahead of the Opening Bell
By Demitrios Kalogeropoulos | More Articles
October 16, 2013 | Comments (0)

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
According to stock index futures as of 8 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI ) will begin the day solidly higher, gaining 100 points at the opening bell. With the default clock ticking, Congress finds itself in the exact same position it was in yesterday morning -- only with less time before tomorrow's fiscal default deadline.

Senate leaders are reportedly close to hashing out a short-term deal to fund the government and extend the debt ceiling today, after the House of Representatives, in what The Washington Post described as a "humiliating failure," could not craft a deal of their own yesterday.

Expect another day of volatile trading as politicians try to keep an embarrassing episode from becoming a full-blown fiasco.

With that bigger picture in mind, here are a few individual stock stories to watch for in today's market.

Bank of America (NYSE: BAC ) earned $0.20 per share in profit last quarter on $21.7 billion in revenue. The company's strong earnings rebound continued, as it booked $2.5 billion in net income versus the $340 million it logged in the year-ago quarter. One big factor driving that bounce was the amount of earnings set aside for credit losses, which fell by almost $1 billion to just $296 million. Bank of America stock is up 0.4% in premarket trading.
PepsiCo (NYSE: PEP ) saw a solid jump in earnings to $1.24 a share, as core revenue rose 3.3% in the quarter. Snacks outperformed beverages again this quarter, and the company reaffirmed its earnings guidance for the full year. Pepsi shares are up 0.3% in premarket trading .

Stanley Black & Decker (NYSE: SWK ) shares could take a hit today after the company slashed its profit outlook, in part due to the continuing government shutdown. Profitability isn't growing nearly as fast as the company expected, leading it to cut earnings-per-share guidance to $4.95 from the roughly $5.50 it had forecast before. Still, Stanley's sales volumes were up 5%, and revenue climbed a respectable 10% in the quarter. Shares are down 11.4% in premarket trading.

Finally, Advance Auto Parts (NYSE: AAP ) is making a huge purchase. It announced plans this morning to buy privately managed General Parts International for $2 billion in cash. The deal will add about 1,600 locations to Advance's 4,000-store footprint and bring its total annual sales to over $9 billion, about the same as AutoZone's. Advance's stock is up 17.3% in premarket trading.

Know Your Bank Stocks
Have you missed out on the massive gains in bank stocks over the past few years? There's good news: It's not too late. Bargains of a lifetime are still available, but you need to know where to look. The Motley Fool's new report "Finding the Next Bank Stock Home Run" will show you how and where to find these deals. It's completely free -- click here to get started.

"When it comes to making actual money - I like to focus on near mathematical certainties..."
My name is Jeff Fischer. And I’d like to share the remarkable true story of how I turned my stock portfolio into a virtual ATM -- capable of throwing off 10%, 15%, even 20% of its value each year in INCOME CHECKS...

While at the same time buying my stocks cheaper and selling them for higher prices than the rest of the market... PLUS, "guardrailing" my nest egg against a market shock... and much, much more!

Enter your email here - it's 100% FREE, no strings attached:

Privacy/Legal Information

Fool contributor Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool recommends Bank of America and PepsiCo. The Motley Fool owns shares of Bank of America and PepsiCo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (0)

[ Next Thread | Previous Thread | Next Message | Previous Message ]