Morning News: Intel, American Express, Capital One, Morgan Stanley

Stocks that are expected to trade actively in the U.S. market on Friday include: Intel Corporation (NASDAQ:INTC), American Express Company (NYSE:AXP), Capital One Financial Corp. (NYSE:COF), Morgan Stanley (NYSE:MS) and General Electric Company (NYSE:GE).

Market Level

U.S.: Dow 16,417.01 (-0.39%), S&P 500 1845.89 (-0.13%), NASDAQ 4218.69 (0.09%).

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Europe: FTSE 6824.67 (0.14%), DAX 9784.18 (0.68%), CAC 40 4340.71 (0.50%).

Asia Pacific: NIKKEI 15734.46 (-0.08%), HANG SENG 23133.35 (0.64%), SHANGHAI 2004.95 (-0.93%), KOSPI 1944.48 (-0.66%).

Commodities: Oil 94.48 (0.55%), NAT GAS 4.361 (-0.48%), Gold 1240.90 (0.06%), Silver 20.07 (0.08%), Wheat 571.75 (-0.17%), Corn 426.00 (-0.47%).

Currency: EUR/USD 1.3597 (-0.16%), GBP/USD 1.6443 (0.54%), USD/JPY 104.42 (0.09%).

10 year Treasury bond: 2.84 (-0.007).

Economic & Market Update

U.S. market may open higher- U.S. stock futures were up marginally on the last trading day of the week. The Dow Jones Industrial Average, Standard & Poor’s 500 and NASDAQ were up around 0.1% before the opening bell. On Thursday, the markets were down because of weak earnings from Best Buy, Goldman Sachs, Citigroup, and railroad operator CSX.

European market flat- Shares on the European exchanges were stable at around 5-1/2 year highs on Friday because of a profit warning from oil major Royal Dutch Shell. By 0821 GMT, FTSEurofirst 300 was up 0.16 percent at 1,339.93 points, similar to the levels seen in mid-2008.

Asian markets down- Trading in Asian markets was subdued following underwhelming earnings from U.S. firms, pulling down the two-day rally on the Wall Street. Consistent profit-making led to a 1.1% fall in the benchmark Nikkei. China’s benchmark index came close to its lowest levels in over five months because of a crunch on liquidity levels.

Stocks To Watch

Intel Corporation (NASDAQ:INTC)

For the fourth quarter, Intel posted earnings of $2.6 billion, or 51 cents a share, compared to $2.5 billion, or 48 cents a share, a year earlier. Revenue for the quarter came in at $13.83 billion from $13.48 billion, last year. Analysts expected the chip maker to post earnings of 52 cents a share. In after-hours trading, shares of the company were down 2.9%.

American Express Company (NYSE:AXP)

On late Thursday, American Express posted earnings of $1.31 billion, or $1.21 a share for the fourth quarter. Analysts expected earnings of $1.25 a share in the quarter. For the same period last year, the company reported earnings of $637 million, or 56 cents a share. Revenue for the quarter increased to 8.55 billion from $8.14 billion a year earlier.

Capital One Financial Corp. (NYSE:COF)

Capital One Financial reported fourth quarter profits of $859 million, or $1.45 a share, compared to $843 million, or $1.41 a share, a year ago. However, revenue for the company was down to $5.54 billion from $5.62 billion. In after-hours trading, shares of Capital One were down more than 2%.

Morgan Stanley (NYSE:MS)

Morgan Stanley is expected to post fourth quarter earnings of 45 cents per share on revenue of $8.01 billion. On Thursday, shares of the company lost 0.68% to close at $32.00.

General Electric Company (NYSE:GE)

For the fourth quarter, General Electric is expected to report earnings of 53 cents per share on revenue of $40.22 billion. In after-hours trading, shares of the company gained 0.11% to $27.23.