Premarket, futures are down. Gainers this morning include RL (+6.41%), EW, TWX, CMI and DIS while losers include GME (-5.86%), EA, JCP, EXPE and AAPL.
There are three Dow stocks at new highs which include JPM, PG and JNJ.
Hewlett-Packard (HPQ) shares continued to rally in premarket trading for a second day, following its publicly stated threat to steal customers away from Dell (DELL), which announced plans to go private. Microsoft (MSFT) is in for $2 billion of the Dell deal.
Disney (DIS) shares are up +2.53% in premarket trade a day after the media company reported earnings and revenues that beat analysts’ forecasts.
Dow stocks Coca Cola (KO) and Cisco (CSCO) report earnings next week.
Yesterday Disney (DIS) reported Q1 EPS ex-items of 79 cents, above the consensus of 76 cents.
Notable stocks expected to report earnings today include Time Warner (TWX), Cummins (CUM), Marathon Oil (MRO), News Corp (NWS), Allstate (ALL), and Visa (V).
0700 ET Weekly MBA mortgage applications, previous -8.1% with purchase sub-index -1.8% and refi sub-index -10.2%.
0900 ET Treasury announces quarterly refunding operation for Feb 12-14.
1030 ET DOE Weekly Petroleum Status Report.