April 29 Premarket Briefing: 10 Things You Should Know
Updated from 6:50 a.m. EDT
Here are 10 things you should know for Tuesday, April 29:
1. -- U.S. stock futures were rising Tuesday and European stocks gained on positive earnings reports as the Federal Reserve begins a two-day policy meeting on Tuesday.
Asian shares ended Tuesday's trading session mixed.
2. -- The economic calendar in the U.S. on Tuesday includes the Case-Shiller 20-city Index for February at 9 a.m. EDT and Consumer Confidence for April at 10 a.m.
3. -- U.S. stocks on Monday finished mixed.The Dow Jones Industrial Average settled up 0.53% at 16,448.74, while the S&P 500 added 0.32% to close at 1,869.42. The Nasdaq dipped 0.03% to finish at 4,074.40.
4. -- eBay
The stock was reiterated as a "buy" with a $65 price target at Cantor Fitzgerald on Monday. The firm said eBay's first-quarter results , due after the bell Tuesday, should be inline with expectations with a pick-up in growth in domestic e-commerce.
5. -- Microblogging site Twitter
6. -- Herbalife
The seller of supplements and weight-loss products also said that it would eliminate its quarterly dividend payment and instead focus on repurchasing stock. Herbalife executives said they plan to repurchase $581 million common shares in the second quarter as part of a previously announced $1.5 billion repurchasing program.
Herbalife has been in a battle with hedge fund manager Bill Ackman, who has claimed the company is a pyramid scheme. Herbalife has denied those accusations.
Shares of Herbalife rose 0.3% in premarket trading to $59.
7. -- Deutsche Bank
Germany's biggest bank made 1.10 billion euros ($1.52 billion) compared with 1.66 billion euros a year earlier. The figure was nevertheless better than the 981 million euros expected by analysts.
Net revenue fell 11% to 8.39 billion euros.
The stock rose 2.8% in premarket trading to $44.79.
8. -- Sprint
The company said it lost 364,000 prepaid customers in the quarter.
Sprint shares rose 2.6% to $7.62 in premarket trading.
9. -- Energy Future Holdings , once knows as TXU, filed for Chapter 11 bankruptcy Tuesday, after months of negotiations with creditors aimed at speeding the restructuring of the private-equity backed utility's debt load of more than $40 billion, The Wall Street Journal reported.