Nov. 27 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Wednesday, Nov. 27:
1.-- U.S. stock futures on Wednesday were rising slightly as investors awaited a trading day filled with economic data ahead of the Thanksgiving holiday.
European stocks were higher in early trading. Asian stocks ended the session mixed. Japan's Nikkei 225 index declined 0.4%.
2.-- The economic calendar in the U.S. Wednesday includes weekly initial jobless claims at 8:30 a.m. EST, durable orders for October at 8:30 a.m., Chicago PMI for November at 9:45 a.m., the final University of Michigan Sentiment Index for November at 9:55 a.m., and leading indicators for October at 10 a.m.
3.-- U.S. stocks on Tuesday mostly rose with the Nasdaq closing above 4,000 for the first time in 13 years.
The Dow Jones Industrial Average closed unchanged at 16,072.80 while the S&P 500 gained 0.01% to 1802.75. The Nasdaq rose 0.58% to break the 4,000 benchmark at 4,017.75.
Excluding items, HP expects first-quarter earnings of between 82 cents and 86 cents a share, at the high end of Wall Street's expectations. For fiscal 2014, HP reiterated its non-GAAP earnings outlook of $3.55 to $3.75 a share.
Speaking during HP's conference call, CEO Meg Whitman said HP is making progress on its turnaround plan. "With the final quarter of our 'fix and rebuild year' now behind us, I'm pleased with our progress in 2013," she said. "In fiscal 2013, we focused on improving our operations."
5.-- Cox Communications is considering jumping into the bidding for Time Warner Cable
Cox is the nation's third-biggest cable operator, ranking slightly ahead of Charter Communications
6.-- Several private-equity investors are studying the possibility of making a bid for Compuware
Funds, including Thoma Bravo and Vista Equity Partners, a San Francisco-based buyout firm, have approached Compuware about taking the company private, FT reported, citing people familiar with the discussions.