About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre» Read More
*New Zealand's sheepmeat trade to China up fivefold to $550 mln. WELLINGTON/ SYDNEY, Feb 7- At a sprawling plant run by New Zealand's biggest meat processor, rows of lamb carcasses hang from meathooks on their way to a cutting room to be chopped, trimmed and shipped out in increasing quantities to China.
*Michael Kors stock soars after results. *J.C. Penney shares slide after bearish comments. *Yum Brands Inc reaffirms 2014 profit outlook, shares jump.
U.S. stocks rose on Tuesday, with equities rebounding after a rout the prior day.
*Yum Brands reaffirms 2014 profit outlook, shares jump. *Michael Kors stock soars after results. NEW YORK, Feb 4- U.S. stocks bounced on Tuesday, underpinned by sturdy corporate results, as the market fought to regain its footing following its largest selloff in months a day earlier.
For the moment, the markets are a bit calmer. Asia was weak overnight, but U.S. stocks opened in positive territory.
*Michael Kors shares soar after results. *Wall Street kicked off a global equities selloff Monday, with the S&P 500 suffering its worst drop since June, after weaker-than-expected U.S. data added to concerns over growth in China and the outlook for some emerging economies.
Some of the names on the move ahead of the open.
R.J. Hottovy, global director of consumer equity research and senior restaurant and retail analyst at Morningstar, discusses the outlook for Yum Brands! after the group released better than expected results.
Feb 3- KFC parent Yum Brands Inc on Monday reaffirmed its 2014 profit and said a resurgent bird flu in China had not hurt national sales in its top market. "We're not seeing any impact on national sales from bird flu in China," Yum spokesman Jonathan Blum told Reuters.
LOS ANGELES, Feb 3- KFC parent Yum Brands Inc on Monday said the return of bird flu in China has not hurt national sales in its No. 1 market. Yum has been working to meaningfully boost its KFC business in China, where sales at established KFC restaurants dropped last year due to a food safety scare and initial reports of a new bird flu strain affecting humans.
Feb 3- KFC parent Yum Brands Inc on Monday reaffirmed its 2014 profit forecast amid worries about a resurgent bird flu in China, its top market for sales.
Companies making headlines after the bell Monday.
Yum Brands is reporting Q4 EPS of $0.86 ex-items on revenue of $4.18 billion, with CNBC's Sara Eisen.
Yum Brands reported quarterly earnings that beat analysts' expectations on Monday, but same store sales in U.S. and China stores disappointed.
What current earnings data is telling us about the overall economy, with Dan Veru, Palisade Capital Management, and David Lutz, Stifel Nicolaus. "A lot of this feels like hedging," says Lutz.
Yum! Brands "is really depressed," says CNBC contributor Stephanie Link. The "Earnings Squad" discuss the action in 3 stocks coming out with earnings, with CNBC's Melissa Lee.
*U.S. factory data much weaker than expected. NEW YORK, Feb 3- U.S. stocks fell on Monday, adding to recent losses after data showed the factory sector in the world's largest economy expanded in January at its slowest pace in eight months. The CBOE volatility index jumped more than 9 percent to trade above 20 for the first time since early October.
NEW YORK, Feb 3- Wall Street was poised to edge up on Monday, ahead of data on the housing and manufacturing sectors, after the S&P 500 closed its worst month since May 2012 on Friday. *Markit's final January reading on the factory sector is due at 8:58 a.m., followed by construction spending for December and ISM's manufacturing PMI for January at 10:00 a.m..
NEW YORK, Feb 3- U.S. stock index futures were little changed on Monday, ahead of data on the housing and manufacturing sectors, after the S&P 500 closed its worst month since May 2012 on Friday. While the focus was on countries with internal political and economic issues, like Ukraine, Turkey and Argentina, a run from risk hurt equities and commodities globally.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.