Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Dow Edges Higher Ahead of Goods Orders and Home-Sale Data

LONDON -- Stock index futures at 7 a.m. EST indicate that both the Dow Jones Industrial Average (DJINDICES: ^DJI  ) and the S&P 500 (SNPINDEX: ^GSPC  ) may open 0.17% higher this morning.

One reason for the cautious outlook might be today's economic calendar. Durable-goods orders for January are expected at 8:30 a.m. EST, and consensus forecasts suggest that orders fell 5.5% last month after rising 4.6% during December. Also due are January's pending home sales, which are due at 10 a.m. EST and are expected to show that pending sales rose by 2% last month after falling 4.3% in December.

Finally, after speaking to the Senate yesterday, Federal Reserve Chairman Ben Bernanke will testify to the House Committee on Financial Services today at 10 a.m. EST. Expect a repeat of yesterday's comments, which confirmed his support for the Fed's bond-buying programs.

In corporate news, and Edison International may be in demand after both companies beat expectations in their fourth-quarter results last night. shares were 4.3% higher in premarket trading this morning, while Edison International was up by 4.1%. However, shares in First Solar are expected to fall after the company disappointed analysts with its 2013 guidance last night -- the company's shares were 12.8% lower in premarket trading.

Target (NYSE: TGT  ) released its fourth-quarter earnings this morning, reporting that profit dipped 2% to $961 million, or $1.47 per share. However, excluding items, EPS came in at $1.65, beating analyst expectations of $1.47. Sales met analyst expectations, up 7% to $22.7 billion.

Earlier this morning, The AES Corp reported full-year adjusted earnings of $1.24, beating expectations of $1.22 per share. Dollar Tree, ITT, and TJX Companies are also expected to report earnings before the markets open.

Apple will be closely watched this afternoon -- the company holds its shareholders meeting at 12 p.m. EST, and investors will be keen to find out whether the company will give way to pressure to return some of its $137 billion cash pile to shareholders following a high-profile campaign by Greenlight Capital founder David Einhorn. Finally, Groupon and J. C. Penney are expected to report after the closing bell today.

European markets
European markets edged higher this morning, helped by growing rumors that in Italy, a coalition deal may be developing that would enable Democratic Party leader Pier Luigi Bersani to form a government. There was also good news in the U.K., where revised GDP figures showed that the British economy grew by 0.3% over the last year, ahead of expectations for no growth.

At 7:50 a.m. EST, the DAX was up 0.35%, the CAC 40 was up 0.78%, the FTSE MIB was up 0.78%, and the IBEX 35 was up 0.76%. In London, the FTSE 100 (FTSEINDICES: ^FTSE  ) was up 0.33%, with engineering group Weir Group gaining 3.5% and topping the table after announcing that sales rose by 11% and operating profit rose by 18% during 2012. At the bottom end of the table, oil field services group Petrofac was 6.1% lower despite a decent set of results showing a 17% increase in net profit during 2012 and a 17% dividend raise.

If you're looking for shares that can outperform the wider market, you need to look beyond the news headlines. This free Motley Fool report, "The Top Growth Share For 2013," highlights a share that gained 38% in 2012, during which time the wider market rose just 6%. The company is a household name, and its earnings per share have risen by 44% since 2009 -- so click here now to download your free copy of this report while it is still available.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2281466, ~/Articles/ArticleHandler.aspx, 9/27/2016 1:19:27 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,231.62 136.79 0.76%
S&P 500 2,159.10 13.00 0.61%
NASD 5,299.62 42.13 0.80%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 1:04 PM
^DJI $18231.62 Up +136.79 +0.76%
^FTSE $6807.67 Down -10.37 -0.15%
FTSE 100 CAPS Rating: No stars
^GSPC $2159.10 Up +13.00 +0.61%
S&P 500 INDEX CAPS Rating: No stars
TGT $68.30 Up +1.08 +1.61%
Target CAPS Rating: ***