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[video] Quick Take: Rebounding Stocks, Dish's Disney Deal and Jim Cramer's Tech Pick

Stocks in this article: DIS DISH NOW SPY

NEW YORK (TheStreet) -- U.S. equities are rebounding on Tuesday, after selling off mildly on Monday. TheStreet's Jonathan Marino analyzes this morning's biggest headlines. 

Russia President Vladimir Putin has ordered his country's troops to step back, lowering the tension in Ukraine, and thus, around the world. 

In response, European stocks are moving higher. The FTSE 100 jumped 1.5%, the DAX is up 2.2%, and the CAC 40 climbed 2.3%. 

In other news, Disney (DIS) and Dish Network (DISH) reached a deal that will force the latter to cut back on its Hopper feature for ABC programming, which allows viewers to skip over commercials. 

Of course, Disney owns more than just ABC, with other lucrative brands including Disney TV and ESPN. 

In return, Disney will allow Dish Network to stream more of its content online, which could have big implications for streaming sports in the future, Marino said. 

In response, shares of Disney are higher by over 3%, while shares of Dish Network are only up 0.5%. 

Finally, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said he is a buyer of ServiceNow (NOW), which is just off its recent highs. 

The company topped recent earnings estimates and guidance. Cramer expects the company to reiterate its plan to top $1 billion annual revenue by 2016.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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