CNBC Stock Blog: Blog Post
Wall Street comes off a third straight session of very little movement, but with some positive momentum in evidence - at one point, the S&P 500 and the Nasdaq were on track for their biggest drops of 2013. However, the day ended with a more modest loss for the Nasdaq, while the Dow and S&P 500 were able to eke out small gains.
The economic calendar provides plenty of investor fodder today, starting with the December Consumer Price Index at 8:30 a.m. New York time. Economists are looking for an unchanged CPI, with the ex-food and energy rate up 0.2 percent. November saw CPI fall 0.3 percent, with the core rate up 0.1 percent.
At 9:15 a.m., the Federal Reserve issues December industrial production and factory capacity utilization figures, with consensus forecasts calling for a 0.3 percent increase in production and utilization of 78.6 percent. That compares to November's 1.2 percent and 78.4 percent, respectively.
At 10 a.m., the monthly sentiment index from the National Association of Home Builders is expected to come in at 48 for January, up a point from December.
And at 1 p.m., the Fed is out with its latest Beige Book, the region-by-region assessment of the U.S. economy.
Financial companies dominate today's earnings calendar, with Goldman Sachs (GS), JPMorgan Chase (JPM), Bank of NY Mellon (BK), Comerica (CMA), M&T Bank (MTB), Northern Trust (NTRS), and U.S. Bancorp (USB) all scheduled to report this morning. We'll also get quarterly numbers from restaurant chain Wendy's (WEN).
eBay (EBAY) leads the list of companies set to report after the closing bell this afternoon, along with energy producer Kinder Morgan (KMI) and student lender Sallie Mae (SLM).
Dell (DELL) leads our list of stocks to watch, as more details emerge on potential buyout talks between the computer maker and private equity firms. CNBC's David Faber reports that Silver Lake Partners is the driving force behind the talks, while a Canadian pension fund is a possible co-investor. The price range being discussed is between $13.50 and $14 per sharel.
Five Below (FIVE) has raised its fourth quarter guidance in response to upbeat holiday season results. However, the shares have come under pressure after the teen discount retailer also announced a seven million share secondary offering.
Apple (AAPL) retail vice president Jerry McDougal has resigned, according to AllThingsD. Apple executive Jim Bean is taking up McDougal's duties.
Boeing (BA) continues to be in the news, as an ANA 787 Dreamliner makes an emergency landing due to a battery malfunction warning in the cockpit. Rival airline Japan Airlines has suspended all 787 flights temporarily as it assesses the situation, and the FAA says it's monitoring the situation involving those jets.
Hewlett-Packard (HPQ) and Lenovo are likely to see their first quarter notebook computer shipments underperform the market, according to DigiTimes. It says HP's shipments are likely to fall 20 percent, worse than the industry average of a 10 percent drop.