Earnings season started off slow, but now the quarterly reports are coming in strong and fast.

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

 

1. Earnings season

 

Several corporate giants including Wells Fargo (WFC), Bank of America (BAC), Delta (DAL) and BlackRock (BLK) will post earnings before the opening bell.

Netflix (NFLX, Tech30) is reporting after markets close this afternoon.

Shares in Intel (INTC, Tech30) and JP Morgan (JPM) look set to dip at the open after the firms reported earnings on Tuesday afternoon.

Intel reported that third quarter sales were essentially unchanged compared to the same period last year, and earnings declined by about 6%. But the results still beat Wall Street expectations.

Meanwhile, JP Morgan results showed revenue slipped by 6% as it was hit by a double whammy last quarter: the Federal Reserve kept interest rates low and chaos slammed the financial markets.


2. Market overview

 

U.S. stock futures are holding steady, while stock markets in Europe and Asia move into negative territory.

Mike van Dulken, head of research at Accendo Markets, said you can blame the negative market mood on China, which released weak inflation data.

The U.S. dollar is weakening a bit, while the Aussie dollar is pushing up versus all major global currencies.

Yields on 10-year government bonds are dipping around the world, except in Greece and Portugal where they are inching up.

Oil prices are steady around $46.70 per barrel, and gold is rising by about 0.7% to trade around $1,174 per ounce.


3. Stock market movers

SanDisk, Micron: SanDisk (SNDK) shares are rising by nearly 10% premarket after Bloomberg reported the chipmaker could be in merger talks with Micron (MU) and Western Digital. Micron's shares were also up 3% in extended trading.


4. Economics

The Bureau of Labor Statistics will post September's producer price index at 8:30 a.m. ET. Investors watch the index for clues about where inflation is headed.

The Census Bureau's monthly retail sales report also goes out at 8:30 a.m.

At 2 p.m., Wall Street will look for the Federal Reserve's latest "Beige Book." The report outlines regional economic conditions.

 

 

 

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1. Twitter Inc (N:TWTR) will lay off up to 336 employees, or about 8 percent of its workforce, as co-founder Jack Dorsey readies to revive growth in the microblogging service provider's user base in his second stint as chief executive.

The layoffs, primarily in the company's product and engineering functions, come a week after Dorsey took over as permanent CEO. Shares of Twitter, which had about 4,100 employees globally as of June 30, rose as much as 6 percent in morning trading on Tuesday.

2. The U.S. dollar rose against its Canadian counterpart on Tuesday, as it mildly recovered from speculation the Federal Reserve will most likely hold off from raisinginterest rates this year, although gains were expected to remain limited.

USD/CAD hit 1.3067 during early U.S. trade, the pair's highest since October 7; the pair subsequently consolidated at 1.3072, gaining 0.57%.

3. U.S. stocks were lower on Tuesday after weak China trade data added to worries about slowing global economic growth.

Data showed Chinese imports fell 20 percent in September due to weak domestic demand, indicating that growth in the world's second-largest economy was sputtering.

The selloff was broad based - all 10 major S&P sectors were down, with the industrial sector's <.SPLRCI> 0.54 percent fall leading the decliners.

4. Oil futures swung between gains and losses in volatile trade on Tuesday, amid ongoing uncertainty about how quickly the global glut of crude is set to shrink.

Crude oil for delivery in November on the New York Mercantile Exchange tacked on 92 cents, or 1.95%, to trade at $48.02 a barrel during U.S. morning hours. Prices traded in a wide range between $46.64 and $48.13. A day earlier, Nymex oil prices plunged $2.53, or 5.1%.

5. Johnson & Johnson (N:JNJ) reported a 7.4% fall in quarterly sales as the impact of a strong dollar more than offset higher sales of its older drugs.

Revenue fell to $17.10 billion in the third quarter from $18.47 billion a year earlier.

International sales fell nearly 14% to $8.31 billion in the quarter, including a currency impact of 15.8%, the company said. The company receives nearly half of its revenue from outside the U.S.

 

 

 

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It’s takeover Tuesday!

Investors are toasting a massive deal between the two biggest beer brewers in the world, Anheuser-Busch InBev (AHBIF) and SABMiller (SBMRY). It will be one of the biggest acquisitions in corporate history.

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

 

1. Merger mania

 

The company that makes the popular Budweiser beer -- AB InBev -- has agreed to buy its main rival SABMiller for £68 billion ($104 billion).

The combined firm will be the world's largest beermaker by far, with nine of the world's top 20 beers by volume.

Most SABMiller shareholders are being offered £44 ($67.59) per share in cash. Meanwhile, the two biggest shareholders -- Altria (MO) and Colombia's Santo Domingo family -- will have to accept cash and stock worth roughly £39.03 ($60) per share.

Shares in SABMiller shot up by about 8.5% in London trading, while AB InBev shares are rising by 2.5%.

Watch shares in smaller brewers on Tuesday. Molson Coors (TAP) shares could move on expectations that the company may pick up some beer brands that the new mega-group is forced to sell to get regulatory approval for the merger.


2. Stocks dip down

 

It looks like the Dow Jones Industrial Average's seven-day winning streak is about to come to an end.

U.S. stock futures are slipping into the red and there's a negative mood in stock markets around the world.

European markets are slipping in early trading, with many indexes down by about 1.5%.

Asian markets mostly ended with losses.


3. Market movers

 

FMC, Barclays: Shares in the chemical giant FMC Corp (FMC) plunged by nearly 10% in extended trading after announcing that the decline of the Brazilian real will hurt its performance in the second half of 2015.

Shares in Barclays (BCS) in London are falling by about 3% as newspapers report that Jes Staley, a former JPMorgan (JPM)banker, is set to take over as CEO of the British bank within the next two weeks. Barclays had been moving away from investment banking since the financial crisis. It declined to comment on the reports.


4. Quarterly earnings

 

Johnson & Johnson (JNJ) is among a handful of companies opening their books before the trading day begins.

After the close, firms including Intel (INTC, Tech30) and JPMorgan Chase (JPM) will report results.

 

 

 

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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.

When? At 8:30pm Eastern Time.

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

 

 

 

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What is it? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? At 8:30pm Eastern Time.

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

 

 

 

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What is it? It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

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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What is it? It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer.

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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What is it? Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

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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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 4:30am Eastern Time.

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

 

 

 

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