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: AAPL VOD DELL FB SONC DIS

NEW YORK ( TheStreet) -- Here are 10 things you should know for Monday, June 24:

1. -- U.S. stock futures were falling Monday, following a 5% loss in Shanghai's main index after China allowed commercial lending rates to soar.

China's interbank lending rate jumped to over 13%. Analysts said the move from China was an effort to trim a growing underground lending industry.

Hong Kong's Hang Seng fell 2.2%, and Japan's Nikkei 225 index declined 1.3%.


2. -- The economic calendar in the U.S. Monday is bare.


3. -- U.S. stocks on Friday rose, breaking a two-day decline.

The S&P 500 closed at 1,592.43, a gain of 0.3%. The Dow Jones Industrial Average added 0.3% to finish at 14,799.40 .


4. -- Vodafone (VOD) launched a takeover bid for Kabel Deutschland, valuing Germany's biggest cable operator at €7.7 billion ($10.2 billion).

Kabel Deutschland, in a statement Monday, said its management and supervisory boards "welcome this announcement."

Kabel Deutschland said last week it had been approached about a potential merger from Liberty Global (LBTYA).


5. -- Edward Snowden, the leaker who exposed National Security Agency surveillance programs, has asked for political asylum in Ecuador. He was allowed to leave Hong Kong on Sunday morning and head to Moscow on a commercial flight despite requests from the U.S. that he be arrested in Hong Kong, according to reports.

Snowden is expected to make his way to Ecuador via Cuba, reports said.


6. -- Jefferies will provide $5.2 billion in term loans to back Carl Icahn's bid for PC maker Dell (DELL), sources told Thomson Reuters LPC.

The funding will be launched on Monday at an afternoon lender call that Icahn, the activist investor, is expected to join, the sources said.

Icahn last week offered to buy up to $16 billion in Dell shares at $14 a share, or roughly 72% of the company's total shares, as he tries to improve upon a $13.65-a-share takeover offered by Silver Lake Partners and founder Michael Dell that has full support from Dell.


7. -- Apple (AAPL) will tie the size of upper management's stock option packages (including CEO Tim Cook) to S&P 500 performance.

The award size will depend on how well the stock has performed over a three-year period.


8. -- Sonic (SONC), the chain of quick-service drive-in restaurants, is expected by analysts to report on Monday fiscal third-quarter earnings of 26 cents a share on revenue of $147.7 million.

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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

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