REFILE-US STOCKS-Futures up after Intel’s strong results

(Refiles with July 14 dateline)

* Intel rises in premarket after strong results

* Yum Brands gives weak outlook

* June retail sales data on tap

* Futures up: Dow 32 pts, S&P 4.7 pts, Nasdaq 15.25 pts

* For up-to-the-minute market news see [STXNEWS/US]

By Ryan Vlastelica

NEW YORK, July 14 (BestGrowthStock) – U.S. stock index futures were
higher on Wednesday, setting the stage for a seventh straight
day of gains after tech bellwether Intel Corp (INTC.O: ) reported
better-than-expected quarterly earnings.

* Intel also posted revenue that was above average
analystforecasts after the market close on Tuesday, allaying
concerns about a slowdown in technology business spending. The
stock, a Dow component, gained 6.1 percent to $22.30 in
premarket trading. For details, see [ID:nN12197658]

* Investors are scrutinizing early second-quarter corporate
earnings reports for evidence that a recent market rally can be
sustained. Intel’s report, like that of Alcoa Inc (AA.N: ) on
Monday, helped underpin a bullish outlook.

* On the downside, Yum Brands Inc (YUM.N: ), which operates
such fast food chains as Taco Bell, late Tuesday gave a
full-year profit forecast that was below average analyst
forecasts. [ID:nN13265343]

* On Wednesday, S&P 500 futures (SPc1: ) rose 4.7 points and
were above fair value, a formula that evaluates pricing by
taking into account interest rates, dividends and time to
expiration on the contract. Dow Jones industrial average
futures (DJc1: ) gained 32 points, and Nasdaq 100 futures (NDc1: )
were up 15.25 points.

* There are few corporate stalwarts on tap to release
results on Wednesday, with Marriott International (MAR.N: ) the
sole S&P 500 company scheduled to report. Economic data
includes monthly retail sales, which are expected to show sales
fell for a second straight month in June, data which could
potentially could undermine positive sentiment.

* For Thursday and Friday, investors await earnings reports
from leading corporations, including JPMorgan Chase & Co
(JPM.N: ), General Electric Co (GE.N: ) and Google Inc (Read more about Google Stock Analysis) (GOOG.O: ).

* In deal news, the Wall Street Journal reported that Nokia
Siemens Networks is in talks to buy the telecom-equipment arm
of Motorola Inc (MOT.N: ) in a deal that could be worth $1.1
billion to $1.3 billion. [ID:nN1391664]

* U.S. Senate Democrats on Tuesday appeared to nail down
the votes needed to approve a historic overhaul of U.S.
financial regulations and set up a final vote by the end of the
week. [ID:nN13247555]

* U.S.-listed shares of BP Plc (BP.N: ) (BP.L: ) edged 0.7
percent higher to $37.13 in premarket trading even as it
delayed a critical test that will determine if it can close a
cap on its ruptured well in the Gulf of Mexico.
[ID:nN13221621]

* Europe’s top share index (.FTEU3: ) pared gains in morning
trade, with banks losing ground, offsetting strength from
technology stocks which were boosted by Intel’s strong
results.

* U.S. stocks (Read more about the stock market today. ) gained for a sixth straight day on Tuesday
after Alcoa’s results heartened investors who had fled to the
sidelines on jitters about the sustainability of the economic
recovery.

REFILE-US STOCKS-Futures up after Intel’s strong results