Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, April 30:
1. -- U.S. stock futures were little changed Tuesday as the markets paused ahead of consumer sentiment and home price reports and a number of corporate earnings releases.
2. -- The economic calendar in the U.S. Tuesday includes the Case-Shiller 20-city Index for February at 9 a.m. EDT, Chicago PMI for April at 9:45 a.m., and consumer confidence for April at 10 a.m.
3. -- U.S. stocks on Monday closed with gains after a report showed an improvement in home contract signings, a positive sign on national housing demand and economic momentum.
The S&P 500 added 0.7% to close at 1,593.60.
4. -- Best Buy
Best Buy bought 50% of the mobile-phone company's European retail operations for about $2.1 billion in 2008 as it looked to expand across Europe. But the venture proved costly, and Best Buy had to abandon plans to build megastores on the continent.
5. -- Drug giant Pfizer
Analysts were expecting Pfizer to report earnings of 55 cents a share on revenue of $13.99 billion.
6. -- British oil company BP
7. -- Swiss banking giant UBS
8. -- Herbalife
The nutrition specialist reported revenue of $1.1 billion, a 17% increase over the prior year's quarter, topping analysts' estimates of $1.07 billion. Herbalife also enjoyed volume growth of 13% from the same period last year.
Excluding items, Herbalife earned $1.27 a share, up from 88 cents a share in the prior year's quarter. Analysts were looking for earnings of $1.07 a share.