[video] Twitter Jumps on Fidelity Buy, Container Store Readies Earnings
01/07/14 - 09:57 AM EST
The video this transcript is based on appeared on January 7.
NEW YORK (
) -- After getting its gains trimmed on another analyst downgrade,
looks to rebound Tuesday, January 7, on news Fidelity is a buyer of its stock.
The Container Store
, after a successful fall 2013 IPO, looks to wow investors with earnings, and Jim Cramer is bullish on
Good morning from the Nasdaq MarketSite in Times Square on a frigid Tuesday, January 7. I'm Jon Marino for TheStreet with your global markets report. At this hour, we're seeing U.S. futures looking up after another losing day for markets yesterday. Good news overseas, taking a look at our international exchanges. The FTSE is up four-tenths of a point, the DAX is up midday six-tenths of one percent, the CAC-40 just like the FTSE is up four-tenths of a point. At the end of the trading day the Nikkei slides for six-tenths of a point.
Getting started on the Nasdaq wall this morning, we've got Twitter. The stock took its lumps on another analyst downgrade yesterday but shares are looking up for the open this morning. A little optimism coming after the bell from Fidelity yesterday, which revealed it bought 2.4 million shares of Twitter. While the bet on Twitter is good news, Fidelity's stock play represents just a fraction of its exposure to Facebook.
Back at the Nasdaq wall. When the Container Store went public in early November of last year, share value nearly doubled at the open. Since then, the stock gained another 18 points, and going into its first earnings report as a newly public company, shares are up more than a point premarket. Analysts looking for earnings of eight cents a share when the Container Store releases numbers.
Rounding out our stocks today is an action alert pick from Jim Cramer. Jim is buying back into shares of Yum Brands and targeting $90 a share. Though the stock lagged peers in 2013, it's a new year and Jim is bullish on China and a return to double digit earnings growth.
That's all we've got today but check back tomorrow morning for earnings previews and visit TheStreet.com all day for breaking news and analysis. I'm Jon Marino, have a great day.
Written by Jon Marino in New York.