Yesterday was a blockbuster day on Wall Street. The Dow jumped over 400 points on assurances from the Fed that interest rates won’t be raised anytime soon. Today oil continues its decline and checks in at about $55.00 a barrel. The U.S. futures markets are pointing to a higher open. International stocks are higher as well. Nike posted better than expected numbers in the second quarter. Footwear sales in certain parts of the world were strong, thanks to robust shoe sales in western Europe growing 25% and sales in greater China growing 29%. Worldwide future orders were 7% higher than future orders as of this time last year but that number fell short of analyst expectations. Before the bell, Blackberry is expected to turn in earnings results. It’s most encouraging release came yesterday when the company introduced the classic blackberry device, hoping to recapture its core business customer. Samsung is raising its annual dividend payout for this year by 30% to 50% as it’s reportedly sitting on one of the largest stockpiles of cash in the world. The news comes on the heels of an announcement of a 2 billion dollar/share buyback last month. It will assuage investors who have been asking for higher returns. It will also quiet analysts who have been concerned about slowing growth at the smartphone maker. Operating profit fell by 60% in the third quarter from the same period a year ago
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
