Stocks that are expected to trade actively in U.S. markets on Wednesday include: Hewlett-Packard Company (NYSE:HPQ), Infoblox (NYSE: BLOX), Analog Devices, Inc., (NASDAQ:ADI), Golar LNG (NASDAQ: GLNG) and TiVo (NASDAQ: TIVO).
U.S.: DJIA 16,073.70 (0.01%), S&P 500 1802.75(0.01%), NASDAQ 4017.75 (0.58%)
Europe: FTSE 6651.55(0.23%), DAX 9310.05(0.22%), CAC 40 4284.56 (0.16%).
Assets in private equity and venture capital strategies have seen significant growth in recent years. In comparison, assets in the hedge fund industry have experienced slowing growth rates. Q2 2021 hedge fund letters, conferences and more Over the six years to the end of 2020, hedge fund assets increased at a compound annual growth rate Read More
Asia Pacific: NIKKEI 15449.63(-0.42%), SHANGHAI 2201.07 (0.82%), HSI 23806.35(0.53%), ASX 5324.85 (-0.48), KOSPI 2028.81(0.31%).
Commodities: Oil 93.28 (-0.43%), NAT GAS 3.86 (-0.13%), Gold 1251.00 (0.77%), Silver 20.01 (0.84%), Wheat 650.75 (0.66%), Corn 420.75(0.54%).
Currency: EUR/USD 1.3602 (0.24%), GBP/USD 1.6282 (0.43%), USD/JPY 101.76 (0.49%).
10 year Treasury bond: 2.725 (-0.012).
Market & Economic Update
U.S. market may open flat: Dow Jones industrial average index futures, Standard & Poor’s 500 index futures and NASDAQ index futures all climbed by around 0.1% as trading thinned out ahead of the Thanksgiving holiday. In the prior session, the NASDAQ surged 0.6% to 4,017.75, a market milestone. The Dow increased less than a point to 16,072.80 and the S&P 500 index was up less than a point to 1,802.75.
European markets up: Stocks on European indices surged higher fueled by the coalition deal in Germany, and strong earnings from the Belgian discount grocer Colruyt. The German DAX climbed 0.2% to 9,311.29 points by 0828 GMT, closing in on a record high of 9,323.44 points hit earlier this week. The pan-European FTSEurofirst 300 gained 0.2% to 1,297.31 points.
Asian markets mixed: The Nikkei ended 0.4% lower at 15,449.63, down for a second straight day and retreating further from a six-month peak touched on Monday. The Hang Seng Index climbed 0.5% to close at 23,806.4 points, its highest closing level since Jan. 30, helped by gains made by non-banking financial and cement firms. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.9%.
Stocks to watch
Hewlett-Packard Company (NYSE:HPQ)
Hewlett Packard posted fourth quarter results where earnings per share and revenue outpaced the Wall Street estimates. Revenue for the fourth quarter came in at $29.1 billion, a decline of 3%. Its Enterprise Group revenue increased 2% from the corresponding quarter of last fiscal and operating margin was 14.5%.
Infoblox (NYSE: BLOX)
Infoblox posted first quarter adjusted earnings of 12 cents per share. Revenue for the company came in at $63.5 million, above analysts’ expectation of 9 cents per share while revenue was in line with analysts’ expectations. Infoblox has projected revenue in the range of $270 million to $276 million while adjusted earnings per share are expected in the range of 44 cents to 54 cents for full fiscal ending July 31st 2014.
Analog Devices, Inc. (NASDAQ:ADI)
Analog devices posted lower revenue for the fourth quarter. Shares declined 3.45% to $48.20 in the after-hours trading session. Revenue, for the three months ended in October, dropped 2% year over year, to $678 million, and EPS came in at 62 cents. Analysts were expecting revenue of $689 million and EPS of 58 cents.
Golar LNG (NASDAQ: GLNG)
Golar LNG is expected to post third quarter earnings of $0.08 per share on revenue of $16.87 million. Shares of Golar declined 1.81% to close at $36.34. Golar LNG Partners currently has a consensus rating of Hold and a consensus price target of $37.85.
TiVo (NASDAQ: TIVO)
TiVo posted better than expected results for the third quarter of 2013. Shares of TiVo gained 0.15% to close at $13.24. Net income came down to $12.5 million, or 10 cents a share, from $59 million, or 44 cents, a year ago. Analysts were expecting a profit of 6 cents.