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U.S. Morning Call: Facebook might get "de-friended" at open

Thursday, August 16, 2012 - 03:18

Aug 16 - Facebook insiders and early investors will get their first chance since the IPO to unload more than 270 million shares in the social network. Some traders are saying sell any rally.

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Face the unleashed a raft of live or subpoenas. And Wal-Mart beats expectations. Here's your morning coffee this Thursday. Investors will get their first chance at PI PO to unload more than 270. Million shares hands up social network. Many analysts say the brutal stock performance down almost half since its debut. We'll discourage selling traders are saying sell any rally. I think every rally in FaceBook. Groupon should be solved I think it's going way Laura have a target not at twelve dollars. Shares of FaceBook trading lower before the bell. JPMorgan may have been hedge fund darling in Q2 but apparently not with US authorities. A source tells Reuters the firm along with Deutsche bank and five other banks. The latest to be subpoenaed in your life -- -- probe. Separately JPMorgan executive Jes Staley dumping 7% of his company's stock yesterday according to a regulatory filing. Did you -- its stock is up eleven point 5% for the year. A bunch of household names posting earnings today. Let's kick off the biggest of the lot Wal-Mart. Save money live better working for the retailer in the US where sales picked up. The company also raising its full year forecast for 2013 it. But the stock for premarket today reacting to a over earnings projections for the next water and impact of foreign currency rates on results. Also out this morning -- -- Sears Holdings reporting a quarterly loss inline with the street's estimates. Later today we'll find out if a recession environment helped profits grow discount store dollar tree. And that's not all you'll hear from gap Ross Stores Aeropostale. GameStop and cozy as well. It's another stock to keep our eye on today apple may be coming soon to a living room near you. The Wall Street Journal reports apples and talks with US cable operators about letting consumers use an apple device instead of the cable box live television. Let's like Tivo. Also keep buying shares of Cisco. Stock trading slightly higher in the premarket with a number of banks upping the price target after the company earnings estimates. Shareholders smiling today after CEO John Chambers announced -- 75%. Dividend hike. And investors also checking and I Neiman Marcus this morning. And it's not the closer looking at the Wall Street Journal reports the company's. IPO. All right before we wrap wrap up let's take a quick look at the markets US stock futures are pointing higher open on Wall Street. You behind the ten year yield which is rising reaching its highest level in three months investors may be losing hope that it will soon comes the rescue. Traders also -- jobless claims data due out at 8:30 AM a Reuters poll predicts a slight rise in the number of people look for jobs last week. Also due out later today July numbers on housing starts and building permits. That's your morning call this Thursday you can follow us on Twitter at Reuters Insider. And check out our ordered YouTube channel at Reuters dot com slash Reuters TV I'm Lisa Bernhard this is Reuters.

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U.S. Morning Call: Facebook might get "de-friended" at open

Thursday, August 16, 2012 - 03:18