Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:


1. Stock market movers:



Netflix, Sysco, Ahold, Delhaize: Netflix (NFLX, Tech30) shares are up by about 3.5% premarket after the company announced it will carry out a 7-for-1 stock split on July 14. The company wants to make its shares more affordable for the average investor.

Netflix has one of the S&P 500's most expensive stocks. News of the decision sent its share price over $700.

On the flip side, shares of food distribution company Sysco (SYY) were down about 2% in extended trading as its proposed merger with US Foods suffered another delay.

Ahold (AHONY) and Delhaize Group (DEG) have announced plans to merge, creating a supermarket giant that will serve 50 million customers a week in the U.S. and Europe. Shares in Ahold are rising by 2% in Europe, while shares in Delhaize are down 4%.

2. Stocks settle down:



U.S. stock futures are slipping a bit and most European markets are edging lower in early trading.

Major stock markets have hit new peaks over the past 24 hours, including the Nasdaq and the Nikkei in Tokyo, which is now at its highest level in 18 years.

But the momentum has faded a bit as investors still wait for Greece to finalize a debt deal with its creditors at talks in Brussels Wednesday and Thursday.

Meanwhile, Asian markets had a positive day, with Chinese stocks moving up significantly and recovering from some wild swings over the past few days.

3. Earnings:



Monsanto (MON) is releasing its latest earnings report before the market opens. The agricultural supply company has seen shares dip by about 8% over the past year. Competitor Syngenta (SYENF) rejected a second takeover bid from Monsanto Tuesday, saying its $45 billion offer was too low.

Bed Bath & Beyond (BBBY) is reporting its first-quarter earnings after the close. The company's stock price is up 16% over the past year, despite experiencing increasing competition from online retailers.

4. Economics:



 The Bureau of Economic Analysis will release an updated number for U.S. GDP at 8:30 a.m. ET. This will be the third revision for estimates of first quarter GDP. The previous estimate from the bureau showed GDP shrank by 0.7% in the first quarter.

 

  

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What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment. A Survey of about 7,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the next 6 months.

When? At 04:00am Eastern time.

Trading Tip: If the actual number is higher than the forecast, you can expect the EUR to rise.

 

 

 

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What is it? Eurogroup meetings are usually held in Brussels and attended by the Eurogroup President, Finance Ministers from euro area member states, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. They discuss a range of financial issues, such as euro support mechanisms and government finances.

The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded. The Eurogroup coordinates economic policies of the 19 euro area member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health.

When? All Day

Trading Tip: This announcement can greatly affect the EUR so make sure to follow it!

 

 

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What is it? While this is q/q data, it's reported in an annualized format (quarterly change x4). The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact. It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? At 08:30am Eastern time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

 

 

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