Stocks that are expected to trade actively in the U.S. market on Tuesday are: Apple Inc. (NASDAQ:AAPL), Yahoo! Inc. (NASDAQ:YHOO), Seagate Technology PLC (NASDAQ:STX), AT&T Inc. (NYSE:T) and Ford Motor Company (NYSE:F).
Market Level
USA- DJIA 15837.88, (-0.26%), S&P 500 1,781.56 (-0.49%), NASDAQ 4,083.61 (-1.08%)
Europe– FTSE 100 6,574.75 (0.37%), DAX 9,415.63 (0.68%), CAC 40 4,173.49 (0.70%)
Asia– NIKKEI 14980.16 (-0.17%), HANG SENG 21960.64 (-0.07%), KOSPI 1,916.93 (0.34%) SHANGHAI 2,038.51 (0.26%)
Commodities – Gold 1,254.50 (-0.71%), Silver 19.74 (-0.27%) OIL 96.27 (0.57%) CORN 432.25 (0.12%) WHEAT 567.75 (0.75%)
Currency- USD/JPY 103.09 (0.53%), GBP/USD 1.6605 (0.16%), EUR/USD 1.3661 (-0.07%)
10 year Treasury bond: 2.779 (0.024).
Economic & Market Update
U.S. market down – U.S. equities were down on Monday owing to volatile currencies in the emerging markets. Markets opened on a positive mood backed by upbeat results from Caterpillar, but fell sharply later after the data showing a larger than expected drop in December home sales. The Dow Jones Industrial Average closed down for the fifth straight session. The Nasdaq Composite was the worst performing index on Monday.
European market up – equities on the European exchange bounced back from near one-month lows on Tuesday. Higher profits from Siemens lifted the mood of the investors, who were concerned over sell-offs in emerging markets. In early trading session, the pan-European FTSEurofirst 300 index bounced 0.5% to 1,296.35 points after declining for last three sessions.
Asian market stable – Asian equities were stable on Tuesday after two straight sessions of sharp losses. Stocks and emerging market currencies witnessed heavy selling awaiting a U.S. central bank two-day policy meeting later in the day. Indonesia’s Jakarta Composite gained 0.6% after shedding 3% in the previous session. Indian equities fell 0.4% following a rise in repo rate by the Reserve Bank of India. Japan’s benchmark index closed lower after bouncing between gains and losses in a choppy trade. Mainland shares rebounded following Monday’s 1% decline.
Stocks to watch
Apple Inc. (NASDAQ:AAPL)
For fiscal first-quarter, Apple Inc. (NASDAQ:AAPL) posted better than expected results, but gave a weak sales forecast for the second quarter. Also, the iPhone sales were below the consensus estimate, which pulled the stock down. In the after-hours trading session, Apple shares lost 8.08% to $506.04.
Yahoo! Inc. (NASDAQ:YHOO)
For the fourth quarter, Yahoo! Inc. (NASDAQ:YHOO) is expected to post earnings of 39 cents a share. In a note to investors, analyst Youssef Squali from Cantor Fitzgerald, says “While 2013 represented a year of right-sizing, investment and acquisition, 2014 should be the year where monetization efforts drive a resumption in top-line growth.” In after-hours trading, shares of the company fell 0.90% to $36.32.
Seagate Technology PLC (NASDAQ:STX)
Seagate Technology shares tumbled more than 6% after the company’s earnings fell short of Wall Street expectations. In the after-hours trading session, shares of the company dropped 6.13% to $54.49. For the quarter, Seagate reported a profit of $428 million, or $1.24 a share compared to $492 million, or $1.30 a share, a year earlier.
AT&T Inc. (NYSE:T)
For the fourth quarter, AT&T Inc. (NYSE:T) will report earnings on Tuesday after the market close. Analysts expect the company to post earnings of $0.50 per share compared to $0.44 per share for the same period last year.
Ford Motor Company (NYSE:F)
Ford Motor Company (NYSE:F) is expected to post earnings of $0.28 per share on revenue of $35.17 billion. In after-hours trading, shares of the automaker were up 0.19% to $15.74.
