The Labor department releases first-time claims for jobless benefits for the week ended April 14 at 8:30 a.m. EDT. Economists forecast a total of 370,000 new filings, compared with 380,000 in the prior week.
On the earnings front, focus will be on the first quarter earnings of Bank of America , the second-largest U.S. bank. Wall Street has priced in a profit of 12 cents per share, down from 17 cents in the same period one year ago.
Other major companies announcing results include Morgan Stanley , Microsoft , Freeport-McMoRan Copper & Gold , Verizon and DuPont .
Medical devices maker Boston Scientific Corp. (BSX: News ) is expected to report results for the first quarter. The company is expected to earn $0.08 per share on revenues of $1.86 billion. In the year-ago quarter, the company reported earnings of $0.14 per share on revenues of $1.92 billion. The shares closed Wednesday at $5.54. (The stock up about 12% in Q1; MA(50)- $5.94; MA(100)- $5.74; 52-wk H/L $7.91/$5.01)
Bank of America Corp. (BAC: News ) is due to post first-quarter results. The financial services giant is expected to record earnings of $0.12 per share compared to $0.17 per share last year, on revenues of $22.51 billion. Shares of BAC closed Wednesday's trade at $8.92. (The stock surged around 72% in Q1; MA(50)- $8.69; MA(100)- $7.41; 52-wk H/L $12.71/$4.92)
Chemicals giant E. I. du Pont de Nemours and Co. (DD: News ) is scheduled to report first-quarter results. The company is expected to post earnings of $1.54 per share, higher than the year-ago quarter's $1.52 per share. Also, the company is anticipated to generate revenues of $11.27 billion versus $10.03 billion in the prior-year quarter. The company's shares closed Wednesday's session at $53.27. (The stock gained nearly 16% in Q1; MA(50)- $51.92; MA(100)- $49.58; 52-wk H/L $57/$37.10)
Morgan Stanley (MS: News ) is slated to report results for the first quarter. The investment banking giant is expected to report a profit of $0.42 per share versus $0.50 per share last year, with revenues estimated at $7.31 billion. The stock closed Wednesday at $17.66. (The stock up about 30% in Q1; MA(50)- $19.01; MA(100)- $17.69; 52-wk H/L $27.38/$11.58)
Finland-based Nokia Corp. (NOK: News ) is expected to post first-quarter results. The mobile handset maker is expected to report a loss of $0.05 per share on revenues of $10.10 billion. A year earlier, earnings and revenue were $0.18 per share and $14.23 billion respectively. The stock closed Wednesday's regular trading at $3.97. (The stock rose almost 14% in Q1; MA(50)- $5.12; MA(100)- $5.16; 52-wk H/L $9.42/$3.90)
Travelers Companies, Inc. (TRV: News ), a provider of property casualty insurance for auto, home and business, will report first-quarter results today. Earnings of the company are expected to decline to $1.49 per share from $1.89 per share reported a year earlier, while quarterly revenues are anticipated to rise to $5.71 billion from last year's $5.44 billion. The company's shares closed Wednesday's session at $59.47. (The stock gained nearly 1% in Q1; MA(50)- $58.73; MA(100)- $58.31; 52-wk H/L $64.17/$45.97)
Verizon Communications Inc. (VZ: News ) is scheduled to report results for the first quarter. The company is expected to post earnings of $0.58 per share, up from $0.51 per share reported a year earlier, on revenues of $28.17 billion. The shares closed Wednesday at $37.66. (The stock declined about 3% in Q1; MA(50)- $38.43; MA(100)- $38.39; 52-wk H/L $40.48/$32.28)
Advanced Micro Devices, Inc. (AMD: News ) is slated to report results for the first quarter. The chip maker is expected to report a profit of $0.09 per share on revenues of $1.56 billion. In the previous year, the company earned $0.08 per share on revenues of $1.61 billion. AMD closed Wednesday at $7.97. (The stock up about 49% in Q1; MA(50)- $7.66; MA(100)- $6.71; 52-wk H/L $9.17/$4.31)
Microsoft Corp. (MSFT: News ) is due to post third-quarter results. The company is expected to record earnings of $0.58 per share compared to $0.61 per share last year, on revenues of $17.18 billion. Shares of the world's largest software company closed Wednesday's trade at $31.14. (The stock surged around 25% in Q3; MA(50)- $31.58; MA(100)- $29.33; 52-wk H/L $32.95/$23.65)
Baxter International Inc. (BAX), BB&T Corp. (BBT), Blackstone Group LP (BX), Cypress Semiconductor Corp. (CY), Danaher Corp. (DHR), Diamond Offshore Drilling, Inc. (DO), EMC Corp. (EMC), Fairchild Semiconductor International Inc. (FCS), Freeport-McMoRan Copper & Gold Inc. (FCX), KeyCorp (KEY), New York Times Co. (NYT), Philip Morris International, Inc. (PM), PPG Industries Inc. (PPG), Southwest Airlines Co. (LUV), Swift Transportation Co. (SWFT), Unitedhealth Group, Inc. (UNH), Union Pacific Corp. (UNP), Altera Corp. (ALTR), Capital One Financial Corp. (COF), Chipotle Mexican Grill, Inc. (CMG), E*TRADE Financial Corp. (ETFC), Freescale Semiconductor Holdings I, Ltd. (FSL), Lattice Semiconductor Corp. (LSCC), Interactive Brokers Group, Inc. (IBKR), Rambus Inc. (RMBS), Riverbed Technology, Inc. (RVBD) and SanDisk Corp. (SNDK) are also scheduled to report their results today.
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