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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

March 14 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Friday, March 14:   

1.-- U.S. stock futures were pointing higher Friday, though market participants were bracing for a choppier trading session amid concerns about China's growth and heightened global tensions over Ukraine.

2.-- The economic calendar in the U.S. on Friday includes the Producer Price Index for February at 8:30 a.m. EDT and the University of Michigan Sentiment Index for March at 9:55 a.m.

3.-- U.S. stocks on Thursday tumbled the most in a month as fears about China's slowing economy and the crisis in Ukraine gripped investors, and outweighed an increase in retail sales.  The  Dow Jones Industrial Average plummeted 230 points, or 1.4%, to close at 16,110.08, while the  S&P 500 dropped 1.2% to 1,846.35. The  Nasdaq slumped 1.5% to 4,260.42.

4.-- Herbalife (HLF - Get Report) said it pushed back the date of its annual shareholder meeting by five days to April 29 so it can continue talks with activist investor Carl Icahn about adding his nominees to its board.

5. -- Liberty Media (LMCA) dropped its bid to buy the remaining stake of Sirius (SIRI - Get Report) that it doesn't already own.

Liberty offered to buy out minority shareholders in Sirius in a deal worth more than $10 billion, but said Thursday the "offer for Sirius XM is no longer applicable."

Liberty shares rose 6.6% in premarket trading to $134.48; Sirius shares fell 0.6% to $3.35.

6. -- BP (BP - Get Report) can secure new government contracts under an agreement reached Thursday with the U.S. Environmental Protection Agency.

The oil company had been suspended from performing any new government work since November 2012, after it agreed to plead guilty and to pay a $4.5 billion fine for criminal charges involving the death of 11 workers and lying to Congress about how much oil was spilling into the Gulf of Mexico. 

BP shares rose 0.1% in premarket trading.

7. -- Teen retailer Aeropostale (ARO) posted a fourth-quarter loss of $70.3 million, or 90 cents a share, wider than a year-earlier loss of $671,000, or 1 cent a share.

Sales fell 16% and same-store sales during the quarter declined 15%.

The company also reached a deal with private-equity firm Sycamore Partners for a 5% stake.

The stock fell 13.8% in premarket trading to $6.29.

8. -- Nelson Peltz, whose bid to break up PepsiCo (PEP) was rejected by management, fired back in a letter to the board Thursday, criticizing its "dismissive tone" and demanding operational changes, Bloomberg reported.

9. -- Cooper Tire & Rubber (CTB) reported on Friday fourth-quarter earnings of 31 cents a share; analysts expected 26 cents. 

10.-- U.S. safety regulators have recorded 303 deaths when airbags failed to deploy in 1.6 million compact cars recalled last month by General Motors (GM), according to a study released Thursday night safety watchdog group The Center for Auto Safety.

-- 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


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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
BP $39.11 -1.83%
HLF $42.76 0.09%
SIRI $3.82 -1.29%
AAPL $124.43 -1.54%
FB $82.22 -1.18%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

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