Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Dow Higher Ahead of Payrolls, While Pandora Media Inc (P) Is Set to Soar: Foot Locker, Inc. (FL), Ann Inc (ANN)

LONDON — Stock index futures at 7 a.m. EST indicate that the Dow Jones Industrial Average may open 0.67% higher this morning, while the S&P 500 may open 0.34% higher.

After yesterday’s figures showed lower-than-expected jobless claims last week, all eyes will be on today’s key nonfarm payrolls and unemployment reports, due at 8:30 a.m. EST. Consensus forecasts suggest that nonfarm payrolls rose by 160,000 in February, up slightly from 157,000 in January — but not enough to make any dent on the unemployment rate, which is expected to remain unchanged at 7.9%.

Pandora Media Inc (NYSE:P)Earnings from Foot Locker, Inc. (NYSE:FL), Ann Inc (NYSE:ANN), and Genesco Inc. (NYSE:GCO) are expected before markets open this morning. Analysts are forecasting fourth-quarter earnings of $0.72 per share for Foot Locker, Inc. (NYSE:FL), while Genesco, which makes shoes, is expected to report fourth-quarter earnings of $2.12 per share.

Pandora Media Inc (NYSE:P) stock is likely to be actively traded this morning. The Internet radio company’s share price rose by 21.8% in after-hours trading last night when the company announced that CEO Joseph Kennedy, is standing down. Pandora said fourth-quarter revenue rose by 54% to $125.1 million, beating expectations, although it still reported a loss for the quarter of $0.04 per share due to rising licensing and sales costs. Analysts expect that Pandora’s new CEO will be heavily focused on advertising sales, which are seen as a key source of additional revenue for Pandora.

European markets
Markets edged higher in Europe this morning, helped by news that Chinese exports rose by 21.8% in February, beating expectations for a 10% increase. However, in Europe, German industrial output missed expectations for 0.5% growth and remained flat in January, while in the U.K., construction-sector output fell by 6.3% in January, raising fears that the economy might fall back into a third recession.

At 7:10 a.m. EST, the DAX was up 0.65%, the CAC 40 was up 0.91%, the FTSE MIB was up 1.29%, and the IBEX 35 was up 1.64%. In London, the FTSE 100 was up 0.39%, led by a 4.3% gain for coal, iron, and steel producer Evraz. Asset manager Schroders gained 1.6% after a number of brokers raised their target prices for the firm’s stock.

The article Dow Higher Ahead of Payrolls, While Pandora Is Set to Soar originally appeared on and is written by Roland Head.

Roland Head does not own shares in any of the companies mentioned in this article.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!