NEW YORK (TheStreet) -- The S&P 500 is flat, while the Dow Jones Industrial Average is higher and the Nasdaq is lower on Wednesday.
In international markets, the FTSE 100 is lower by 0.25% and the DAX is off 0.15%. The Nikkei gave back some of yesterday's gains, closing lower by 0.52%. TheStreet's Jonathan Marino has this morning's big headlines.
Shares of Potbelly (PBPB) are getting smoked, down 10%, after the company reported lower-than-expected revenue, Marino said.
The company only grew comparable store sales 0.7% and guidance was slightly lower than investors had expected. The stock is now down more than 25% in the past three months.
On the other side of the table, Panera Bread (PNRA) is up more than 3% after beating earnings estimates, he said. This is despite the lower-than-expected earnings guidance for both next quarter and fiscal 2014.
The stock has recently pulled back 6% from its highs, and is down 3% for 2014. But Cramer says he is bullish on the company's 2014 outlook and about its anticipated growth in China.
-- Written by Bret Kenwell in Petoskey, Mich.