Morning News: Yahoo! Inc. (YHOO), AT&T Inc. (T), Facebook Inc (FB)

Morning News: Yahoo! Inc. (YHOO), AT&T Inc. (T), Facebook Inc (FB)
market news

Stocks that are expected to trade actively in the U.S. market on Wednesday include Yahoo! Inc. (NASDAQ:YHOO), AT&T Inc. (NYSE:T), Electronic Arts Inc. (NASDAQ:EA), VMware, Inc. (NYSE:VMW) and Facebook Inc (NASDAQ:FB).

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Market Level

USA  DJIA 15928.56, (0.57%), S&P 500 1,792.50 (0.61%), NASDAQ 4,097.96 (0.35%)

Europe  FTSE 100 6,632.63 (0.91%), DAX 9,509.48 (1.09%), CAC 40 4,224.54 (0.94%)

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Asia  NIKKEI 15383.91 (2.70%), HANG SENG 22141.61 (0.82%), KOSPI 1,941.15 (1.26%) SHANGHAI 2,049.91 (0.56%)

Commodities – Gold 1,253.40 (0.21%), Silver 19.55 (0.27%) OIL 97.05 (-0.37%) CORN 431.25 (-0.17%) WHEAT 564.25 (-0.31%)

Currency  USD/JPY 103.14 (0.18%), GBP/USD 1.6574 (0.03%), EUR/USD 1.3671 (0.02%)

10 year Treasury bond: 2.783 (0.024).

Economic & Market Update

U.S. markets up  U.S. stocks were up on Tuesday owing to better than expected earnings from companies including D.R. Horton and Pfizer. After losing 3.77% in the last five sessions, the worst since April 2012, the Dow Jones Industrial Average made a rebound. The S&P 500 and Nasdaq climbed 0.6% and 0.4% respectively.

European markets up – Equities on the European exchange rose on Wednesday following a hike in the key interest rates by Turkey to protect its currency. In early trading, the pan-European FTSEurofirst 300 index gained 0.8% at 1,308.29, after losing 4.2% between Thursday and Monday, which was its steepest decline since June 2013.

Asian markets up  Asian markets bounced back on Wednesday following an increase in rates by Turkey’s central bank, lowering worries over volatility in emerging markets. Japan’s benchmark Nikkei closed on a positive note for the first time in a week, recording its biggest gain in nearly 5 months. Mainland Asian shares continued the upward trend for the second straight session, but Yuan touched a low ahead of the Lunar New Year holidays.

Stocks to watch

Yahoo! Inc. (NASDAQ:YHOO)

For the fourth quarter, Yahoo posted a profit of $351.67 million, or 33 cents a share, which is an increase over $273.65 million, or 23 cents a share, in the year-earlier period. Analysts polled by FactSet expected earnings of 39 cents a share, on adjusted revenue of $1.2 billion. In after-hours trading, Yahoo shares fell 4% as the display ad revenues came in lower than expected.

AT&T Inc. (NYSE:T)

For the fourth quarter, AT&T posted a profit of $6.9 billion, or $1.31 a share, from a year-ago loss of $3.9 billion, or 68 cents a share. Analysts surveyed by FactSet expected the company to report adjusted earnings of 51 cents a share. Shares of the company fell 1.9%, in after-hours trading.

Electronic Arts Inc. (NASDAQ:EA)

Electronic Arts reported a profit of $1.26 a share for fiscal third-quarter compared to 57 cents a share a year ago. The gaming company lowered its fiscal year revenue guidance to $3.52 billion from $3.55 billion. In the extended trading session, shares of the company slid 3.3%.

VMware, Inc. (NYSE:VMW)

For the fourth quarter, profit for VMware rose to $335 million, or 77 cents a share, from $205.8 million, or 47 cents a share, a year ago. Excluding certain items, the earnings were marginally better than analyst estimates. Revenue for the quarter improved 15% to $1.48 billion. In after-hours trading, shares of the company fell more than 5%.

Facebook Inc (NASDAQ:FB)

Facebook is projected to report fourth-quarter earnings of 27 cents a share on revenue of $2.33 billion, according to a consensus survey by FactSet. In after-hours trading, Facebook shares gained 0.63% to $55.49.

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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
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