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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Market Preview: Waiting on a Winner

The late roster includes Activision Blizzard (ATVI), CafePress (PRSS), CBS Corp. (CBS), Chiquita Brands International (CQB), Luby's (LUB), MAKO Surgical (MAKO), Monster Worldwide (MNST), Prudential Financial (PRU), Qualcomm (QCOM), and Rosetta Stone (RST).

Wednesday's economic calendar is light with just weekly crude inventories data at 10:30 a.m. ET; and consumer credit for September at 3 p.m. ET.

And finally, Plexus (PLXS) was the big loser in after-hours action after the company announced it's no longer a supplier for Juniper Networks (JNPR).

Neenah, Wis.-based Plexus, which provides electronic manufacturing services, said it learned of Juniper's decision on Monday and that while it's unclear on the exact timing of the transition, it expects it will occur by the end of its current fiscal year.

"This is very surprising news to us given our recent communications and activities with Juniper, including the recent award of Juniper programs and our collaboration with Juniper on activities to support their competitiveness," said Dean Foate, the CEO and president of Plexus, in a statement. "Plexus has been an important strategic supplier to Juniper for more than a decade. While this is a significant event for us in the near term, our new business wins of $956 million during fiscal 2012, including in the networking/communications sector, provides us continued optimism in our strategy."

The stock was last quoted at $21.35, down 23%, on volume of more than 115,000, according to Nasdaq.com.

Another company seeing active trading in Tuesday's extended session was News Corp. (NWSA), whose shares were up nearly 3% following the media giant's quarterly report.

News Corp. posted fiscal first-quarter earnings of $2.23 billion, or 94 cents a share, on revenue of $8.14 billion, up from a year-ago equivalent profit of $738 million, or 28 cents a share, on revenue of $7.96 billion.

Excluding items, News Corp. reported adjusted earnings of 43 cents a share, beating Wall Street's consensus view of 37 cents.

--Written by Michael Baron in New York.



>To contact the writer of this article, click here: Michael Baron.

Stock quotes in this article: WFM, NWSA, PLXS, JNPR, SPY, ^GSPC, ^DJI, ^IXIC 
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs