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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Morning Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, March 21:

1. -- U.S. stock futures were pointing to a flat to lower open on Wall Street Thursday, pausing after the Federal Reserve pledged continued stimulus support and business activity appeared to have slowed in Germany, Europe's biggest economy.

European shares were trading lower. The European Central Bank on Thursday gave Cyprus a deadline of Monday on finding a solution to raising ¿5.8 billion in funds to meet requirements under a ¿10 billion bailout package after the Cypriot parliament rejected the proposal for levies on Cyprus bank accounts.

Asian stocks ended Thursday's session mixed. Japan's Nikkei 225 index rose 1.3% to 12,635.69.


2. -- The economic calendar in the U.S. Thursday includes initial jobless claims at 8:30 a.m. EDT, existing-home sales for February at 10 a.m., and leading indicators for February at 10 a.m.


3. -- U.S. stocks on Wednesday closed higher as the Federal Reserve's policy-making announcement forecast a return to moderate economic growth and repeated its commitment to stimulate the economy by buying bonds and other securities.

The S&P 500 rose 0.67% to 1,558.71 to end a three-day skid.

The Nasdaq closed up by 0.78% to 3,254.19 while the Dow Jones Industrial Average advanced 55.91 points, or 0.39%, to 14,511.73.


4. -- The Federal Reserve left interest rates unchanged Wednesday as it said the labor market is showing signs of improvement and suggested that the economy is returning to moderate economic growth.


5. -- Oracle (ORCL), the business software maker, posted fiscal third-quarter earnings and revenue below analysts' estimates.

Oracle reported earnings on Wednesday of 65 cents a share on revenue of $8.97 billion. New software licenses and cloud-software subscription revenue were down 2% to $2.3 billion. Analysts were looking for earnings of 66 cents a share on sales of $9.38 billion.

Total software revenue rose 4% to $6.67 billion, and hardware-systems revenue declined 16% to $1.24 billion. Services revenue fell 8% to $1.045 billion.

"Our non-GAAP operating margin increased to a Q3 record of 47%, and we expect it to reach an all-time high for the fiscal year," said Oracle President and Chief Financial Officer Safra Catz in a press release.


6. -- Blackstone Group (BX), which is weighing an offer for PC maker Dell (DELL), is pushing to recruit Oracle President Mark Hurd to be CEO of the Round Rock, Texas, company, Reuters reported, citing a person familiar with the situation.


1 of 2

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.
Submit an article to us!
DOW 17,039.49 +60.36 0.36%
S&P 500 1,992.37 +5.86 0.30%
NASDAQ 4,532.1040 +5.6220 0.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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