U.S. Morning Call: Bulls look to earnings to keep rally on
Monday, April 08, 2013 - 03:07
Apr 8 - S&P 500 earnings are expected to have risen just 1.6 percent from a year ago, down from a 4.3 percent forecast in January.
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Morning call from Monday into this start to a whole new season for earnings without Cohn reporting after the bell. Analysts polled by start unexpected negative surprise over 2% on earnings per share of seven cents. Highly rated -- -- analysts expect Alcoa would have missed that means by 36%. Investors also focus on the company's aluminum forecast. Last corner Alcoa predicted global consumption would -- 7% 2013. Compared with 6% in 2012. But aluminum prices had instead been -- for two months. Looking at the larger picture S&P 500 earnings are expected to have risen just one point 6% from a year ago. Down from four point 3% forecast in January. The big banks are due to reporting at the end of the week. Airbus hitting a -- at full speed with new prospects industry sources say the international airlines group. Which British Airways and Spain's Iberia. Appears close to ordering nearly twenty Airbus a 350 aircraft worth seven billion dollars. This could be a real victory for Airbus and British Airways has been long time Boeing buyer. In a challenge for Boeing Airbus is expected to break ground -- 600 million dollar assembly line in Mobile, Alabama today. That make Airbus a civilian manufacturer on US soil for the very first time. US stock futures point to a higher open today after Friday's sell off following a weak jobs report. Expect to hear from Fed Chairman Ben Bernanke when he heads to Atlanta this evening to talk about lessons learned from stress testing the banks. Of course the people really want to know how long the Fed will continue to prop up the US economy. Now let's kick off the week the stocks to watch and we've got to include Dell bio bitter Blackstone Group taking a tour of the PC maker's headquarters today. Sources saying it's the start of an in depth analysis. A strong sign Blackstone is moving forward with -- -- top and tip over Michael Dell's offer. Don't count out Carl Icahn know the billionaire not giving up on his right to a proxy fight. The Wall Street Journal reports that the Dell board's request that I can't drop his litigation threats and launch a formal bid. Fell on deaf ears. Finally keep Bryant HTC. Smartphone maker reporting a record low quarterly profit this morning missing analysts' estimates. This just after the company delayed the launch of its HTC one phone. One analyst saying HTC's back to launch on time could result of weeks -- in the second half of 23 team. Now HTC's new phone will balance out the same time Samsung does a major rule out the tests for tough competition. That's it for your Monday morning call remembered follow us on Twitter at Reuters Insider and can't work great videos at Reuters dot com slash. -- --
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