Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Pre-Market: Charter Communications Nears Bid for Time Warner; Microsoft's Xbox One Goes on Sale

By

David Tepper says he will make a big play on airlines.

PrintPRINT
Stocks are set to rise this morning after Germany released some good economic news.

US stock indices are poised to rise today as futures are higher this morning. Dow (INDEXDJX:.DJI) futures rose 0.07% to 15,986 while S&P 500 (INDEXSP:.INX) futures were up 0.01% at 1,793.90. Futures on the Nasdaq Composite (INDEXNASDAQ:.IXIC) gained 0.09% to 3,403.50.

Today's economic calendar is light, but at 10 a.m. we will get the September job openings and labor turnover survey from the Labor Department. Economists expect job openings to have declined to 3.83 million from 3.883 million in August.

European shares were almost flat despite good economic news from Germany. The Ifo Business Climate Index showed that economic sentiment this month rose to 109.3 from 107.6, outlook on current conditions rose 0.7 points to 112.2, and business expectatinos rose 2.3 points to 106.3. German GDP for the third quarter was in-line with expectations, rising just 0.6% year-over-year. Italian retail sales unexpectedly fell 0.3% in September.

Intel (NASDAQ:INTC) shares dropped 1.6% today after the chipmaker issued poor guidance. Intel says that revenue in 2014 will be roughly the same as in 2013's projected $52.6 billion, disappointing analyst projections of a 2.1% increase. The company says that though the PC market is still declining, it is showing signs of stabilization.

Herbalife (NYSE:HLF) shares could see some action today. One year after Bill Ackman announced a massive short of the multilevel marketer, which has so far been unsuccessful, the activist investor might refresh or renew his short in today's investor conference.

Microsoft's (NASDAQ:MSFT) latest Xbox goes on sale today in 13 countries. The console, which is $100 more expensive than the Sony (NYSE:SNE) PlayStation 4, is likely to be a hit as well. Electronics retailers are seeing lines of gamers waiting to buy the Xbox One.

United Continental Holdings Inc (NYSE:UAL) shares rose 2.7% in the pre-market today after hedge fund manager David Tepper said that his "big play" in the markets is airlines. The world's biggest airline was also upgraded to a buy by Goldman Sachs (NYSE:GS).

The Wall Street Journal reported today that Charter Communications, Inc. (NASDAQ:CHTR) is lining up financing from banks to acquire Time Warner Cable (NYSE:TWC). The idea is that consolidation could help cut programming costs, but at a conference, Time Warner Cable CFO Artie Minson said that he is skeptical that cable mergers could lower costs and he is open to integrating Netflix (NASDAQ:NFLX) into set-top boxes. Time Warner's market cap is more than twice Charter's $13 billion.

Twitter: @vincent_trivett
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE