Stocks traded slightly in the green ahead of earnings from Abbott Laboratories (ABT, Financial), American Express Co. (AXP, Financial), Bank of New York Mellon Corp. (BK, Financial), eBay Inc. (EBAY, Financial), Intuitive Surgical Inc. (ISRG, Financial), Microsoft Corp. (MSFT, Financial), Philip Morris International Inc. (PM, Financial), Sherwin-Williams Co. (SHW, Financial), T-Mobile US Inc. (TMUS, Financial), Union Pacific Corp. (UNP, Financial), Qualcomm Inc. (QCOM, Financial) and Visa Inc. (V, Financial).
Futures for the Dow Jones Industrial Average rose seven points to 21,604.00, while the Standard & Poor’s 500 index futures gained three points to 2,474.5 and futures for the Nasdaq 100 index climbed 17.25 points to 5,935.50.
Stocks to watch
Some stocks investors should pay attention to today are:
American Express shares were up in pre-market trading as the company reported better-than-expected earnings for its second quarter. EPS of $1.47 beat expectations by three cents and revenue of $8.31 billion beat by $110 million.
Bank of New York Mellon shares rose in pre-market trading as the company reported second-quarter EPS of 88 cents on revenue of $3.96 billion. Sales increased by 5% year over year, helping the bank beat analyst profit expectations by four cents per share and revenue estimates by $70 million.
On the other hand, shares of Qualcomm fell in pre-market trading despite reporting better-than-expected earnings and revenues. EPS of 83 cents beat by two cents. Revenue of $5.3 billion beat by $40 million, but declined 12.1% year over year. Weak earnings were forecasted for the fourth quarter.
Global markets
European stock markets are in the green, driven by a rally before an expected meeting of the European Central Bank today.
In Asia, markets closed with mixed results. Japan’s Nikkei, China’s Shanghai Composite Index and Hong Kong’s Hang Seng Index closed in positive territory, while India’s BSE Sensex fell.
Disclosure: The author holds no position in any stocks mentioned.
