May 8 - AOL reported a 2 pct rise in Q1 revenue as the online media group posted a return to growth in display advertising. Net income rose to $25.9 mln, or 32 cents per share
Morning call for Wednesday it's another big day in earnings the world's largest video game maker Activision Blizzard reports action now. Analysts are looking for strong first quarter sales driven by its blockbuster game call of duty black issue. Investors will also want details on how the next generation Microsoft and so consoles what impact business well. Activision Blizzard has a market cap of sixteen billion dollars far more than a five billion dollar value of rival electronic arts. Which by the way -- drop in profit and revenue yesterday. Today could be a force to reckon with in the future as expects to see strong earnings -- 2014. A number of -- is raising their price target on the stock stock today. Well that would result this morning first quarter revenue rose after a dry spell as the company made money in display advertising. Well AOL is still -- in the dying dial up space. It's tried to rely more on content and it -- the ownership of sites like Huffington Post and techcrunch. Stating the worst for -- last. Brace yourself for results from group on and we all know what happened after the last quarterly report CEO and you -- -- and got the and just yesterday the head of coupons each division announced he's jumping ship to join staples after only a year on the job. Investors will want to note the change in leadership has made a difference. If there are signs -- turn around in the company's sinking European business. Shares of Groupon are up 15% since -- departure in February. And we've got I had a couple of retail giants in stocks to watch first up is JC Penney. Shares closed down almost 3% -- reported another quarter of steep sales declines. He may be gone but the curse of Ron Johnson remains the retailer saying the effects from his -- marketing strategy still haunts the company. But the streets seem to brush off the news vendors and analysts expect sales to -- later this year. And states to target is rolling out a social networking ad campaign dubbed car we'll. That allows FaceBook users to redeem discounts but get this shoppers can only redeem offers a target physical locations not online. We'll see how that plays out. Target joins the ranks of some of Facebook's biggest advertisers like Wal-Mart Anheuser-Busch in bed and McDonald's. And speaking of Mickey -- it's set to deliver its April sales report the fast food -- already warned that global sales and established restaurants would be lower for the month. A number of brokerages. Raising their price targets on Yahoo! this morning. All thanks to Alibaba. China's largest e-commerce company -- -- 171%. Jump in profit in the fourth quarter and revenue rose 84%. Yahoo! owns about 24% of that profit making machine. Industry watchers expect -- to seek IPO as early as this year and some say the company could that evaluation as high as Facebook's. 100 billion. Wrapping it up with a look at US markets we could see another record today. Stuck features -- to a mixed open it but let's not forget the Dow closed about 151000 for the first time on Tuesday and the S&P 500. Also ended at another record high of 1625. That's your Wednesday morning call remembered all of us on Twitter at Reuters Insider and get more great videos actually. Slash writers TV it. I'm Lisa Bernhard. Is right.