Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, April 26:
2. -- The economic calendar in the U.S. Friday includes the advance first-quarter gross domestic product report at 8:30 a.m. EDT, and the final University of Michigan sentiment index for April at 9:55 a.m.
3. -- U.S. stocks on Thursday finished with gains as U.S. jobless claims declined.
The S&P 500 rose 0.4% to 1,584.82.
The Dow Jones Industrial Average rose 0.2% to 14,700.80.
4. -- Amazon
In its fiscal first quarter, Amazon earned 18 cents a share on $16.07 billion in revenue, a year-over-year increase of 22%. Analysts were looking for earnings of 8 cents a share on $16.14 billion in sales.
For the second quarter, Amazon expects revenue between $14.5 billion and $16.2 billion, a growth of 13% to 26% compared with second quarter of 2012.
5. -- Wall Street is expecting Chevron
6. -- Starbucks
Revenue in the quarter rose 11% to $3.56 billion. U.S. same-store sales in the quarter rose 7%.
7. -- Samsung said net profit in the January-March quarter jumped 42% to 7.2 trillion won ($6.5 billion) as sales gained 17% to 52.9 trillion won.
IDC estimated that Samsung shipped 70.7 million smartphones during the first quarter, up 61% from a year earlier, and captured 33% market share. Apple
8. -- George Soros revealed he had taken an 8% stake in JCPenney
Soros Fund Management disclosed in a Securities and Exchange Commission 13G filing, dated April 15, that it bought 17.4 million shares, or a 7.9% stake in the retailer's stock.