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General Electric, Toyota, Snap - 5 Things You Must Know Before the Market Opens

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Here are five things you must know for Tuesday, Nov. 7:

1. -- U.S. stock futures suggested Wall Street would open mixed on Tuesday, Nov. 7, after the benchmark indexes rallied to fresh records during the previous trading session.

The Dow Jones Industrial Average closed with a gain of 0.04% on Monday, Nov. 6, to set a record of 23,548. The S&P 500 gained 0.13%, and the Nasdaq added 0.33%.

A surge in oil prices on Monday helped to fuel gains. A weekend purge by Saudi Arabia's crown prince of his political rivals and the arrest of what was essentially the country's best-known international investor -- Prince Alwaleed bin Talal -- helped Crown Prince Mohammed bin Salman consolidate his grip on power. Salman is a pro-OPEC force in Saudi politics, making it even more likely that the oil cartel's production caps will be extended, according to analysts.

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2. -- General Electric Co. ( GE - Get Report) is weighing options for its aircraft leasing operations, including the sale of all or part of the business, Reuters reported, citing people familiar with the matter.

GE has received expressions of interest from some of its competitors about GE Capital Aviation Services, the world's second-largest lessor, the sources said.

A spinoff of the business is also a possibility, the sources told Reuters. GE also could decide to keep the business.

GE declined to comment for the Reuters story.

CEO John Flannery has been looking for divestitures to meet his goal of identifying more than $20 billion worth of assets for GE, Reuters noted.

General Electric is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells the stock? Learn more now.

3. -- Toyota Motor Corp. ( TM - Get Report) said Tuesday that fiscal second-quarter profit rose 16% and it raised its annual profit forecast for a second time this year on a weaker yen and a jump in sales.

Japan's biggest automaker said profit for the July-September quarter was 458.2 billion yen ($4 billion), up from 393.7 billion yen a year earlier. Sales in the quarter rose 10% to 7.14 trillion yen. Toyota said its RAV4 sport-utility vehicle and Camry sedan posted strong sales in the U.S.

Toyota raised profit forecast for the year ended in March 2018 to 1.95 trillion yen from earlier projections of 1.75 trillion yen.


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