This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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

Stocks in this article: FB MSFT NOK ORCL SNE KR SD

NEW YORK ( TheStreet) -- Here are 10 things you should know for Thursday, June 20:

1. -- U.S. stock futures were pointing lower and gold prices were tumbling following the Federal Reserve's suggestion on Wednesday that it could start tapering its economic stimulus later this year.

European shares were posting losses while Asian shares finished Thursday's trading session to the downside. Japan's Nikkei 225 index fell 1.7%.


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


3. -- U.S. stocks on Wednesday declined after the Fed said it would maintain its current stimulus program of buying $85 billion per month to help sustain the U.S. economic recovery but could start scaling back later this year.

The S&P 500 tumbled 1.39% to 1,628.93 while the Dow Jones Industrial Average fell 1.34% to 15,112.27. The Nasdaq dropped 1.12% to 3,443.20.


4. -- A private survey showed manufacturing in China fell to a nine-month low in June.

HSBC's preliminary purchasing managers index fell to 48.3 in June, down from 49.6 in May. Numbers below 50 indicate a contraction.

It's the second month that the China PMI fell below 50.


5. -- Microsoft (MSFT) recently held advanced talks with Nokia (NOK) about buying its handset business, The Wall Street Journal reported, citing people familiar with the matter.

The discussions faltered over price and worries about Nokia's slumping market position, the people told the newspaper. The talks reportedly took place as recently as this month but aren't likely to be revived, the Journal said.


6. -- Oracle (ORCL) is expected by analysts to report on Thursday fiscal fourth-quarter earnings of 87 cents a share on revenue of $11.12 billion.

Investors will be watching to see whether the tough IT environment is continuing for the software giant.


7. -- Facebook's (FB) ability to deliver ads to mobile phones, improvements in measuring the effectiveness of its ads and increasing user engagement all have put the company in a better position than before its fumbled IPO last year, the social networking giant's Chief Operating Officer Sheryl Sandberg told the Reuters Global Technology Summit on Wednesday.


8. -- Sony (SNE) CEO Kazuo Hirai told shareholders the Japanese electronics giant is taking seriously a proposal from hedge fund Third Point to spin off a part of its entertainment business but a decision won't be made quickly.

"This is an important proposal that will influence the future of Sony," he said. "This will take time, and we are not going to come to a conclusion for the sake of coming to a conclusion."

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!

Markets

DOW 17,237.32 +168.45 0.99%
S&P 500 1,997.06 +24.32 1.23%
NASDAQ 4,609.1760 +61.3420 1.35%

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