It's another trading day in the middle of earnings season, and there's plenty to watch for.

Wall Street is also getting excited about talk of more Merger and Acquisition (M&A) in the pharmaceutical sector.

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

 

1. Takeover talk

 

Shares in Allergan (AGN) are rising by about 10% premarket based on reports that Pfizer (PFE) is talking with the Botox-maker about a potential takeover bid. Reports in the Financial Times and Wall Street Journal cite unnamed sources. In an emailed statement to CNNMoney, Pfizer said "it does not comment on market rumor and speculation."

Allergan did not immediately respond to requests for comment.

Earlier this year, Allergan combined with Actavis. The group has a market value of well over $110 billion.

Pfizer has a market value around $220 billion.

 


2. Earnings

 

It's another busy morning for earnings, with reports from Sony (SNE), Nokia (NOK), Aetna (AET), Time Warner Cable (TWC) and MasterCard (MA) coming through before the opening bell.

Afternoon reports include Expedia (EXPE), LinkedIn (LNKD, Tech30) and Starbucks (SBUX).

 


3. Stock market movers

 

Banks, PayPal, Hanes: Shares in Deutsche Bank (DB) are falling by 3% in Germany after the firm reported a massive 6 billion euro ($6.6 billion) loss in the third quarter and announced plans to shed 35,000 jobs.

Shares in the British bank Barclays (BCS) are also declining by about 5% in London after reporting disappointing quarterly results.

PayPal (PYPL, Tech30) stock is dropping by about 6% premarket as Wall Street expresses disappointment over the company's latest earnings results.

Hanes (HBI) stock could shoot up by over 10% at the open after the company beat earnings expectations.

 


4. Economics

 

A few important economic reports will be coming through Thursday.

The U.S. Bureau of Economic Analysis is releasing an estimate for gross domestic product growth in the third quarter at 8:30 a.m. ET. In the second quarter, GDP growth reached 3.9%, up from a weak first quarter of 0.6% growth.

At the same time, the U.S. Department of Labor will release weekly jobless claims.

At 10 a.m. the National Association of Realtors is set to give an update on pending home sales from September.

And then government data on natural gas inventories will be released at 10:30 a.m.

 

 

 

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What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

When? Tentative

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the JPY to rise.

 

 

 

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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.

When? At 8:00pm Eastern Time.

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

 

 

 

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What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When? At 8:30am Eastern Time.

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

 

 

 

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What is it? It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? At 8:30am Eastern Time.

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

 

 

 

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Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

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