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

March 10 Premarket Briefing: 10 Things You Should Know

Stocks in this article: URBN JNJ CQB MCD BA

Updated from 7:11 a.m. EDT

Here are 10 things you should know for Monday, March 10:   

1.-- U.S. stock futures were pointing to a flat start for Wall Street on Monday and Asian stocks declined on weak trade data from China and 

Asian stock markets sank Monday, battered by weak Chinese trade and a reduced estimate for Japan's economic growth.

European markets were mostly higher.

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

3.-- U.S. stocks on Friday finished mixed as investors weighed a better U.S. jobs report for February against rising tensions in Ukraine.

The Dow Jones Industrial Average rose 0.19% to close at 16,452.72, while the S&P 500 gained 0.05% to 1,878.04, a record high. The Nasdaq fell 0.37% on Friday to finish at 4,336.22. The Dow, S&P and Nasdaq climbed 0.8%, 1% and 0.65%, respectively, last week.

4.-- Investigators appeared no closer on Monday to explaining how Malaysia Airlines Flight 370, a passenger jet with more than 200 people on board, could disappear into thin air, CNN reported.

The jet disappeared well into its flight Saturday morning over the South China Sea. 

It could take investigators months, if not years, to determine what happened to the Boeing 777 flying from Malaysia's largest city of Kuala Lumpur to Beijing, The Associated Press reported.

"At this early stage, we're focusing on the facts that we don't know," said Todd Curtis, a former safety engineer with Boeing who worked on its 777 wide-body jets and is now director of the Foundation.

5.-- Chiquita (CQB) agreed to buy Irish rival Fyffes in an all-stock transaction that values Fyffes at $526 million.

The merger will create the biggest supplier of bananas.

The combined company will have annual revenue of about $4.6 billion. The merger is expected to be completed by the end of 2014.

6. -- Norwegian Air was expected to have four Boeing (BA) 787 Dreamliners delivered this spring but delivery may now be delayed for a few weeks after Boeing reported finding some wing cracks, daily newspaper Aftenposten said on Monday, Reuters reported.

Boeing said last week that "hairline cracks" had been discovered in the wings of about 40 787 Dreamliners that are in production.

Boeing shares fell 1.2% to $127.05 in premarket trading on Monday.

7. -- McDonald's (MCD) is expected on Monday to report same-store sales for February.

Analysts at Deutsche Bank expected the fast-food giant to post global same-store sales of negative 0.6% for the month.

8. -- Urban Outfitters (URBN) is expected by analysts after Monday's closing bell to report fiscal fourth-quarter earnings of 56 cents a share.

9. -- Classified Ventures, a group of newspaper publishers, has put the online marketplace up for sale for as much as $3 billion, hoping to cash in on booming values for e-commerce sites, The Wall Street Journal reported, citing people familiar with the plans.

10.-- Reckitt Benckiser, the owner of Durex condoms, said it bought the K-Y brand of intimate lubricants from Johnson & Johnson  (JNJ) for an undisclosed price.

-- Written by Joseph Woelfel

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

To submit a news tip, send an email

Follow @josephwoe58


Select the service that is right for you!

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!


DOW 18,074.64 +44.43 0.25%
S&P 500 2,089.90 +8.02 0.39%
NASDAQ 4,798.6370 +25.1650 0.53%

Brokerage Partners

Rates from

  • 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