Disruptors are dialing up the pressure in telecom, overcoming the high barriers to entry in one of the market's most capital-intensive industries.» Read More
Traders will be listening for clues about possible tapering off of quantitative easing when two Fed presidents speak later on Tuesday.
*Home Depot raises outlook, shares jump. *Goldman Sachs sees S&P 500 at 1,750 by year-end. "Given there's not a lot of economic news coming out today, it looks like we're set up for a pretty' nothing' day," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.
Some of the names on the move ahead of the open.
U.S. futures signaled a flat-to-lower Wall Street open on Tuesday, as markets in Europe and Asia remained cautious ahead of Federal Reserve chief Ben Bernanke's testimony to the Senate.
*Home Depot raises outlook, shares jump. *JPMorgan shareholders to decide on Dimon's chairmanship. *The housing market recovery helped Home Depot report higher quarterly sales and earnings, prompting the world's largest home improvement chain to boost its sales outlook for the year.
A nascent recovery in the housing market helped Home Depot report higher quarterly sales and earnings on Tuesday.
May 21- Home Depot Inc reported higher-than-expected quarterly results and boosted its sales and profit outlook for the year as the world's largest home improvement chain benefited from a nascent recovery in the U.S. housing market.
May 21- A nascent recovery in the housing market helped Home Depot Inc report higher quarterly sales and earnings on Tuesday, prompting the world's largest home improvement chain to boost its sales outlook for the year. Net earnings rose to $1.2 billion, or 83 cents a share, in the first quarter ended on May 5 from $1 billion, or 68 cents a share, a year earlier.
Earnings from several retailers are a highlight Tuesday, but, for traders, the Fed will remain the focus all week.
Autozone Inc. fell $2.24 or. 5 percent, to $409.05. Bed Bath& Beyond Inc. fell $1.77 or 2.6 percent, to $67.35. Best Buy fell$. 09 or. 3 percent, to $26.81.
Road warriors who own a small business have a new way to rack up reward miles under United's new Small Business Network program, a first by any U.S. airline.
WASHINGTON _ Senate Finance Committee hearing on the Internal Revenue Services and the increased scrutiny of certain tax-exempt groups. Best Buy Co. Inc. reports quarterly financial results. The Home Depot Inc. reports quarterly financial results.
Autozone Inc. rose $1.59 or. 4 percent, to $412.88. Bed Bath& Beyond Inc. fell $1.63 or 2.4 percent, to $67.49. Best Buy rose$. 11 or. 4 percent, to $27.01.
The CNBC "Fast Money" traders are looking for opportunity in retailers' quarterly earnings reports this week.
Autozone Inc. fell $1.48 or. 4 percent, to $409.81. Bed Bath& Beyond Inc. fell$. 81 or 1.2 percent, to $68.31. Best Buy fell$. 31 or 1.2 percent, to $26.59.
NEW YORK, May 17- With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
Autozone Inc. fell $2.21 or. 5 percent, to $411.29. Bed Bath& Beyond Inc. rose$. 43 or. 6 percent, to $69.11. Best Buy rose $1.00 or 3.9 percent, to $26.90.
If earnings are driving the rally, then next week is going to be very telling. "I want to be careful of some stocks," Cramer said.
The next week investors get the last wave of reports from retailers. Here's Pisani's take on the Weather effect and the names that count.
Autozone Inc. fell $2.12 or. 5 percent, to $411.38. Bed Bath& Beyond Inc. rose$. 27 or. 4 percent, to $68.96. Best Buy rose$. 69 or 2.7 percent, to $26.59.