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U.S. Morning Call: Delayed earnings roll in; Netflix soars

Thursday, 01 Nov, 2012 - 03:36

Nov 1 - S&P 500 companies are set to report results today after postponing due to Sandy; Netflix shares jumped on Carl Icahn's 10 percent stake.

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Earnings from a bunch of companies this morning from buys into Starbucks and a slew of economic data due out today let's get off your boarding call for Thursday. US stock futures point to a slightly lower open this morning subways and buses in New York City still operating with limited service. -- hard for many traders to get to work. European shares edging higher lifted by a string of upbeat earnings reports. And China's economy showing signs of resurgence this morning with October PM -- rising to fifty point two from 49 point eight. From China back to the US economist waiting for the ISM manufacturing PMI for October. That's expected to show expansion in factory activity for the second month in row after shrinking over the summer months. Also out today the labor market data from ADP economists expect to see slight improvement in private payrolls. The numbers will be closely watched along with jobless claims data as they -- precursor to meet all crucial Friday jobs report. Keep an eye and a consumer confidence index at 10 AM delayed from the originally scheduled October 30 relates to -- -- And that's not all folks there's also auto sales figures and US construction spending data to look forward to today. And just when you can't make up your mind if Netflix stock -- keeper Carl Icahn jumps into the picture. The billionaire investor disclosed in SEC filing that people like 10% of the company. The purchase raises questions about an impending corporate battle. Icon is known for taking a stake and then shaking up management he recently said Netflix was undervalued and would make a great acquisition for a number of companies. Shares of Netflix soared 14% on the NASDAQ on Wednesday that down just slightly this morning. 41 S&P 500 companies set to report results today so moved -- releases because of barricades and Pfizer was one of them. Stuck down 3% after quarterly revenue fell well below estimates as the drugmaker lost its patent for Lipitor. Next up ExxonMobil. It's expected to report lower earnings after spending billions in the quarter to acquire oil and gas assets in North America. We got Starbucks reporting after the bell according to storm lines Smart -- and EPS is coming 45 cents a share. That's a positive predictive surprise -- point 5% from the mean a 44 cents. We're also expecting results from Avon Priceline serious accent Chesapeake energy and DreamWorks Animation today. Ever since stocks to watch on his -- and the month take a look at apple the world must -- have a tech company finished down one point 4% yesterday. And fell below its 200 day moving average to 587 dollars one point. The stocks shed a tenth of its value this month. The biggest monthly loss since late 2008 investors likely wondering if Tim cook's new go to crew is -- of the same innovation that's come to be expected. Best -- canceling its analyst meeting scheduled for today in New York say the reason. Investors were hoping for word from the CEO who -- generally on the company's turnaround. And finally keep I had costs go up the bulk retailer posted a better than expected 7% rise in October same store sales. We'll also get more impact of super storms sandy when retailers Home Depot and Sears reports same store sales today. That's -- Thursday morning call for more news follow us on Twitter at Reuters Insider and check out our YouTube channel at Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is Reuters.

U.S. Morning Call: Delayed earnings roll in; Netflix soars

Thursday, 01 Nov, 2012 - 03:36

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