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
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
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
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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