Facebook Inc (FB), Google Inc (GOOG), QUALCOMM, Inc. (QCOM) [Stock Watch]

market news Morning Newsmarket news

Stocks that are expected to trade actively in the U.S. market on Thursday are: Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOG), QUALCOMM, Inc. (NASDAQ:QCOM), Las Vegas Sands Corp. (NYSE:LVS) and Symantec Corporation (NASDAQ:SYMC).

Market Level

USA- DJIA 15738.79 (-1.19%), S&P 500 1,774.20 (-1.20%), NASDAQ 4,051.43 (-1.14%)

Europe– FTSE 100 6,519.21 (-0.38%), DAX 9,303.70 (-0.36%), CAC 40 4,138.48 (-0.47%)

Asia– NIKKEI 15007.06 (-2.45%), HANG SENG 22035.42 (-0.48%), KOSPI 1,941.15 (1.26%) SHANGHAI 2,033.08 (-0.82%)

Commodities – Gold 1,254.60 (-0.60%), Silver 19.36 (-1.01%) OIL 97.96 (0.62%) CORN 428.75 (0.29%) WHEAT 554.00 (0.45%)

Currency- USD/JPY 102.35 (0.07%), GBP/USD 1.6452 (-0.59%), EUR/USD 1.3591 (-0.53%)

10 year Treasury bond: 2.689 (0.007).

Economic & Market Update

U.S. markets down – shares on the U.S. indexes tumbled on Wednesday following the decision by Federal Reserve to curtail its monthly bond purchases by an additional $10 billion a month. Major benchmark indexes hit their new 2014 closing lows on Wednesday.

European markets down – in morning trading on Thursday, European equities traded lower owing to disappointing earnings, the U.S. Federal Reserve announcement and a continuing sell-off in emerging markets. The pan-European index looks on track to register a decline of around 2% this month, which would be its first monthly loss since August.

Asian markets down – Asian equities were deep in the red on Thursday following signs of a contraction in China’s economy, and the announcement by Federal Reserve to curtail its stimulus program further. Japan’s benchmark index closed marginally above the 15,000 level after hitting a two-and-a-half month low earlier in the session. Mainland shares were down as investors continue to book profits ahead of the Lunar New Year holidays.

Stocks to watch

Facebook Inc (NASDAQ:FB)

After the market close on Wednesday, Facebook posted a profit of $523 million, or 20 cents a share, from $64 million, or 3 cents a share, a year ago. Revenue for the quarter came in at $2.59 billion from $1.59 billion. In after-hours trading, Facebook shares gained almost 10%.

Google Inc (NASDAQ:GOOG)

In after-hours trading, Google shares gained 1.6% following the report that the company is closing in on a deal to sell its Motorola handset business to Chinese Lenovo Group for about $3 billion. After the market close today, Google is expected to report fourth quarter earnings of $12.26 per share on revenue of $16.75 billion.

QUALCOMM, Inc. (NASDAQ:QCOM)

For the fiscal first-quarter, Qualcomm posted a profit of $1.88 billion, or $1.09 a share, compared to $1.91 billion, or $1.09 a share, last year. Revenue for the quarter came in at $6.62 billion against $6.02 billion last year. In extended trading session, shares of the company gained 3%.

Las Vegas Sands Corp. (NYSE:LVS)

For the fourth-quarter, profit of Las Vegas Sands Corp. increased to $577.5 million, or 70 cents a share, from $434.8 million, or 53 cents a share, a year earlier. Revenue for the company increased 18.8% to $3.66 billion. In after-hours trading, shares of the company lost more than 3%.

Symantec Corporation (NASDAQ:SYMC)

For fiscal third-quarter, Symantec Corp. posted a profit of $283 million, or 40 cents a share, from $212 million, or 30 cents a share, a year ago. Revenue for the quarter came in at $1.71 billion against $1.79 billion last year. In after-hours trading, shares of the company were mostly flat.



About the Author

Aman Jain
Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@valuewalk.com