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!

Feb. 25 Premarket Briefing: 10 Things You Should Know

Stocks in this article: HD M LNKD FB YUM

Updated from 6:59 a.m. EST

Here are 10 things you should know for Tuesday, Feb. 25:   

1.-- U.S. stock futures were suggesting Wall Street would open lower on Tuesday ahead of consumer-confidence data.

European stocks were lower in early trading. Asian shares finished mostly lower on Tuesday as markets were rattled by a deceleration in the rise of Chinese housing prices in January and weakness in China's currency. 

2.-- The economic calendar in the U.S. on Tuesday includes the Case-Shiller 20-City Index for December at 9 a.m. EST, the FHFA Housing Price Index for December at 9:30 a.m. and Consumer Confidence for February at 10 a.m.

3.-- U.S. stocks on Monday rose and the S&P 500 hit a fresh record as expectations of a European Union aid package to the Ukraine boosted European markets, while domestic M&A activity continued. The  Dow Jones Industrial Average rose 0.66% to finish at 16,209.13 -- its highest close since Jan. 22 -- while the  S&P 500 gained 0.62% to 1,847.71, after hitting an intraday all-time high of 1,858.71. The  Nasdaq added 0.69% to 4,292.97.

4.-- The nation's biggest home-improvement retailer, Home Depot (HD) reported Tuesday fourth-quarter earnings of 73 cents a share, up from from 68 cents a share a year earlier, while revenue fell 3% to $17.7 billion, which was below forecasts.

Wall Street expected Home Depot to report earnings of 71 cents a share on revenue of $17.9 billion.

The company provided a fiscal 2014 earnings forecast below analysts' expectations.

Home Depot raised its quarterly dividend by 21% to 47 cents a share.

Home Depot shares rose 2.5% in premarket trading on Tuesday to $79.80.

5.
-- The Web site of major bitcoin exchange Mt. Gox is offline Tuesday amid reports it suffered a debilitating theft. 

The URL of Tokyo-based Mt. Gox was returning a blank page. The disappearance of the site follows the resignation Sunday of Mt. Gox CEO Mark Karpeles from the board of the Bitcoin Foundation, a group seeking legitimacy for the currency.

A "crisis strategy" report shared widely online that purports to be an internal Mt. Gox document said more than 740,000 bitcoins are missing from the exchange, which froze withdrawals earlier this month. It said the theft went unnoticed for several years and turned on disguised withdrawals.

A theft of that magnitude would equate to losses of $350 million at current bitcoin prices, according to The Associated Press

6. -- LinkedIn (LNKD) plans to launch a Chinese-language site in China, the world's most populous Internet market, and said it will comply with the communist government's censorship rules.

The professional networking service will compete with established Chinese-language services Tianji, owned by France's Viadeo, and homegrown rivals Ruolin and Dajie. LinkedIn said it has 4 million users in China but until now its service was only in English.

LinkedIn was rising 1.6% to $202.75 in premarket trading.

7.-- Retailer Macy's (M) is forecast to report to report fourth-quarter earnings of $2.17 a share.

8.-- Facebook (FB) is retiring its email address system, the company told Re/code.

From now on, any emails sent to a users @facebook.com email address -- which all Facebook users could claim upon signing up for the social network -- will now be automatically forwarded to the default personal email address used to sign up for the site, Re/code said.

"We're making this change because most people haven't been using their Facebook email address, and we can focus on improving our mobile messaging experience for everyone," a Facebook spokesperson told Re/code.

Shares were up 0.2% in premarket trading.

9. -- Taco Bell, a unit of Yum! Brands (YUM), will launch its national breakfast menu on March 27, with items such as the A.M. Crunchwrap designed to appeal to its fan base of younger men. The chain said breakfast will be available until 11 a.m., a half-hour later than McDonald's offers its breakfast items. 

10.-- Ben Bernanke, who stepped down last month after eight years as chairman of the Federal Reserve, is planning a memoir.

Bernanke told The Associated Press that he will focus not just on the defining moment of his time at the Fed -- the 2008 financial crisis -- but on the "Great Recession" that followed.

"I want people to understand what we knew, when we knew it, how we made decisions and how we dealt with the enormous economic uncertainty," said Bernanke, who expects to begin meeting with publishers within the next several weeks.

-- Written by Joseph Woelfel

To contact the writer of this article, click here:Joseph Woelfel

To submit a news tip, send an email to:tips@thestreet.com.

Follow @josephwoe58

 

Copyright 2014 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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