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Today's Stock Market News: The Biggest Stories and Earnings to Watch

Today's Stock Market News, Jan. 28: Stocks ended in the red on Monday after emerging-market concerns and jitters on future corporate growth left investors rattled. The Dow Jones Industrial Average and Standard & Poor's 500 both declined, while the lone bright spot were strong quarterly gains reported by Caterpillar (NYSE: CAT ). With our eye on Opening Bell, here are five stories to watch in today's market: The Five Big Stories This Morning The post Today's Stock Market News: The Biggest Stories and Earnings to Watch appeared first on Money Morning - Only the News You Can Profit From .
Today's Stock Market News, Jan. 28: Stocks ended in the red on Monday after emerging-market concerns and jitters on future corporate growth left investors rattled. The Dow Jones Industrial Average and Standard & Poor's 500 both declined, while the lone bright spot were strong quarterly gains reported by Caterpillar (NYSE: CAT).

With our eye on Opening Bell, here are five stories to watch in today's market:

The Five Big Stories This Morning
  • Apple Sales Disappoint: Shares of tech giant Apple Inc. (NASDAQ:AAPL) slumped in after-hours trading due to flat profits, worse-than-expected iPhone sales, and declining sales projections. Although the company reported $57.6 billion in revenue, shares slid by more than 6.8% last night. According to reports, iPhone sales missed analysts' estimates for the holiday season, typically the company's most lucrative yearly sales period. Apple also warned it could soon face its first quarterly sales decline since 2003, which could serve as a significant blow to CEO Tim Cook. Shares have declined by nearly 30% since September, shedding almost $190 billion in market value.

  • Ford Motor Company (NYSE: F) beat fourth-quarter Wall Street consensus earnings per share of $0.28 by three cents. Ford achieved one of its most profitable years in pre-tax income in company history, earning $8.6 billion, more than $600 million than the previous year. The company reported high earnings in the U.S. and Asian markets. However, the company struggled in Europe and South America, where macroeconomic concerns are again rising. Ford representatives will address concerns about emerging markets and how it will affect its strategy for 2014 and beyond during its upcoming conference call.

  • State of Inequality: On Tuesday night, U.S. President Barack Obama will offer his fifth State of the Union address and tackle issues like rising inequality around the country. In addition, the president will try to reboot his second-term agenda with an emphasis on jobs, economic growth, and immigration, while explaining his intention of using unilateral executive action to enact his agenda. The speech begins at 9:00 pm and will be followed by a rebuttal by Rep. Cathy McMorris Rodgers (R-WA), the highest-ranking Republican woman in Congress.

  • Problems Shadow Chinese Credit Markets: A last-minute bailout in China by a mysterious third party has staved off default for a $500-million high-yield fund. The incident raises steep questions about the future of the nation's credit system. The high-yield fund, which many U.S. regulators and analysts have dubbed a Ponzi scheme, is one of many shadow-bank funds around the country that remain poorly structured but vital to small-business credit. Investors in this fund were offered a 10% annual return over three years, but received word in early January they should not expect payment. The story fuels concerns about transparency in the Chinese credit system and whether it is better to let these funds fail or whether leaders will further exacerbate morale hazard in the short-term.

  • Glass Gets Fashionable Upgrade: Google Inc. (Nasdaq: GOOG) announced plans to add new styles and prescription frames to its Internet-ready "Glass" product. The Associate Press reports that Google will offer two new types of shades and four prescription frames to individuals who are currently testing Glass, plus additional benefits. Not only is Google working with insurance provider Vision Service Plan to train eye-care professionals how to tweak prescriptions, but also they are confident some vision insurance plans will cover the expense of these frames.
Companies Reporting Earnings on January 28
  • Ford Motor Company (NYSE: F) beat fourth-quarter Wall Street consensus earnings per share of $0.28 by three cents. The stock is up in pre-trading hours by nearly 3%.
  • Pfizer Inc. (NYSE: PFE): The company beat consensus earnings per share of $0.52 by four cents. The stock is up in pre-trading hours by 2.5%.

  • Comcast Corp. (NASDAQ: CMCSA): The company beat consensus earnings per share of $0.68 by four cents. The stock is up in pre-trading hours by 2.9%.
  • Electronic Arts Inc. (NASDAQ: EA): Consensus earnings per share is $1.24.
  • Yahoo! Inc. (NASDAQ: YHOO): Consensus earnings per share is $0.38.

Others Reporting Earnings:

American Airlines (AAL), E.I. du Pont de Nemours and Company(DD), Danaher Corporation(DHR), NextEra Energy, Inc.(NEE),Illinois Tool Works Inc.(ITW)Corning Inc.(GLW), Air Products and Chemicals Inc.(APD),T. Rowe Price Group Inc. (TROW)Nucor Corp.(NUE).

Today's U.S Economic Calendar for January 28
  • Durable goods orders for December at 8:30 a.m.
  • The Case-Shiller 20-City Index for November at 9 a.m.
  • The Consumer Confidence Index for January at 10 a.m.

Today's top investor story: The Secret to Unlocking Huge Auto-Tech Profits - Today

The post Today's Stock Market News: The Biggest Stories and Earnings to Watch appeared first on Money Morning - Only the News You Can Profit From.

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