Flat Open Ahead Of Earnings

The markets opened flat with the Dow adding 3 points to 16,440 ahead of earnings news. Nasdaq edged up a point to 4176.

On the upside

Suntory Holdings will acquire Beam (NYSE: BEAM) in a deal valued at approximately $16.

Juniper Networks (NYSE: JNPR) shareholder Elliott Management announced a value plan for the network equipment maker.

NII Holdings (Nasdaq: NIHD) and Telefonica (NYSE: TEF) will provide voice and data coverage to Nextel customers in Brazil and Mexico.

On the downside

Lululemon Athletica (Nasdaq: LULU) cut its earnings and revenue guidance for the fourth quarter.

SodaStream International (Nasdaq: SODA) blamed a challenging holiday season for lowering its full year outlook.

Shares of GSE Holding (NYSE: GSE) continued falling after being notified last week by the New York Stock Exchange that the company's market capitalization fell below $50 million listing standard.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 1842. Bitcoin held steady at $966.99.

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