Morning News: Hewlett

Stocks that are expected to trade actively in U.S. markets on Tuesday include Hewlett-Packard Company ( NYSE:HPQ), Barnes & Noble, Inc. ( NYSE:BKS), Tiffany & Co. ( NYSE:TIF), Hormel Foods Corporation ( NYSE:HRL) and TiVo Inc. ( NASDAQ:TIVO).

Market data

U.S.: DJIA 16072.54 (0.05%), S&P 500 1802.48(-0.13%), NASDAQ 3994.57 (0.07%)

Europe: FTSE 6681.75(-0.18%), DAX 9306.64(0.07%), CAC 40 4297.73 (-0.10%).

Asia Pacific: NIKKEI 15515.24(-0.67%), SHANGHAI 2183.07 (-0.14%), HSI 23681.28(-0.01), ASX 5357.01 (0.08%), KOSPI 2022.64(0.33%).

Commodities: Oil 94.56 (0.50%), NAT GAS 3.827 (1.00%), Gold 1252.20 (0.91%), Silver 20.105(1.15%), Wheat 649 (-0.54%), Corn 423.00(-0.41%).

Currency: EUR/USD 1.3554 (0.30%), GBP/USD 1.6191 (0.24%), USD/JPY 101.36 (-0.30%).

10 Year Treasury Bond: 2.723 (-0.01).

Market & economic update

U.S. may open higher - U.S. stock futures rose a bit prior to the Thanksgiving holiday later this week. Dow Jones industrial average index futures were up 0.01%, Standard & Poor's 500 index futures rose 0.2% and NASDAQ index futures rose 0.2%. On Monday, NASDAQ climbed as high as 4,007.09, a level it hasn't seen since Sept. 7, 2000 during the dot-com bubble. The index ended up 0.1% at 3,994.57.

European markets up - Stocks on European index continued to rise to multiyear highs on Tuesday fueled by a mixed outlook for corporate earnings. The FTSEurofirst 300 was down 0.1% at 1,301.33 points, pausing below a 5-year high of 1,316.42 set earlier this month.

Asian markets down - Chinese shares listed on theHong Kong exchange were down following the arrest of nine people concerning the blast at Sinopec Corp's Qingdao oil pipelines. The Hang Seng Index was flat at 23,681.3 points. The Nikkei was down 0.7% to 15,515.24 as traders booked profits due to a pause in the recent decline of the yen.

Stocks to watch

Hewlett-Packard will post fourth quarter earnings, and is expected to post a profit of $1 per share on revenue of $27.86 billion, according to FactSet estimates. According to a report from Cantor Fitzgerald, HP's spending will be balanced but CF 'does not anticipate a major miss on the quarterly report.'

Barnes & Noble is set to report second quarter results before the opening of the stock market. Analysts are expecting the company to post a loss of 3 cents per share on revenue of $1.76 billion. According to analysts at Maxim group, the results are expected to be low following the company's outlook for the financial year where retail revenue is down high single digits and college revenue down low-single digits.

Tiffany is expected to post its third quarter results on Tuesday. The major jewelry industry player is expected to post earnings of 58 cents per share on revenue of $888 million.

Hormel Food Corp is expected to post earnings before the market opens. Hormel Foods expects to post earnings of 54 cents per share. Revenue is expected to come in at $2.31 billion.

Tivo will report its third quarter results after the stock market closes on Tuesday. It is expected to post earnings of 6 cents per share and revenue of $104 million.

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