This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Things You Need to Know Before the Stock Market Opens (Correct)

An earlier version of this story incorrectly stated that Apple holds its shareholder meeting today. The event will not be held until Thursday.

BOSTON ( TheStreet) -- Contracting manufacturing activity in China and Europe leads your quick fix of company, market, economic and investing news for Wednesday, Feb. 22.

Wednesday's 5 Biggest Stories

China's manufacturing activity spent a fourth straight month in contraction in February, with new export orders falling hard. [<a href="" target="blank" rel="nofollow">Reuters</a>]

The story is the same in Europe, where eurozone composite PMI contracted unexpectedly in February. [<a href="" target="blank" rel="nofollow">MarketWatch</a>]

Obama is set to unveil a new revamped tax program that would lower the effective tax rate for corporations but would kill off other deductions. [<a href="" target="blank" rel="nofollow">WSJ</a>]

Regarding the second Greek bailout: ""Unfortunately it doesn't feel like the world has changed a whole lot." [<a href="" target="blank" rel="nofollow">Bloomberg</a>]

A U.S. consumer agency says that bank overdraft fees hurt consumers. Don't worry, the banks will find other ways to nickel and dime customers. [<a href="" target="blank" rel="nofollow">Reuters</a>]

Company News

Dell (DELL) blames its bad quarter on hard drive supply issues. [<a href="" target="blank" rel="nofollow">Computer World</a>]

Citigroup (C - Get Report) is staring at a multi-billion dollar hit on its stake in Morgan Stanley Smith Barney. [<a href="" target="blank" rel="nofollow">WSJ</a>]

There is a significance to the key reversal in Apple's (AAPL - Get Report) stock last week. [<a href="" target="blank" rel="nofollow">MarketWatch</a>]

Oh, and Thursday is the day Apple shareholders meet for their annual meeting. [<a href="" target="blank" rel="nofollow">Reuters</a>]

Johnson & Johnson (JNJ - Get Report) CEO Weldon has been recalled and pulled off of the shelf. [<a href=",0,6794946.story" target="blank" rel="nofollow">Chicago Tribune</a>]

Odds and Ends

Dow 13,000 is either an awesome symbol of hope or completely meaningless, depending on who you ask. [<a href="" target="blank" rel="nofollow">Dealbreaker</a>]

Happy Wednesday. You're about halfway through this holiday-shortened week. Here's a song by The xx to start the day off. [<a href=";ob=av2e" target="blank" rel="nofollow">YouTube</a>]

-- Written by Robert Holmes in Boston.

>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to

>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DELL $0.00 0.00%
AAPL $93.71 -1.20%
C $46.27 -0.98%
JNJ $112.02 -0.41%
FB $117.58 0.72%


Chart of I:DJI
DOW 17,780.73 -50.03 -0.28%
S&P 500 2,063.54 -12.27 -0.59%
NASDAQ 4,772.1850 -33.1060 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs