This Day On The Street
Continue to site
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

March 19 Premarket Briefing: 10 Things You Should Know

Updated from 6:46 a.m. EDT

Here are 10 things you should know for Wednesday, March 19:   

1.-- U.S. stock futures were higher early Wednesday but global stocks were mixed ahead of a policy announcement from the Federal Reserve later in the afternoon.

Japan's Nikkei 225 rose 0.4%. China's Shanghai Composite Index declined 0.2%. 

2.-- The economic calendar in the U.S. on Wednesday includes the fourth-quarter current account balance at 8:30 a.m. EDT, and the rates decision from the Federal Open Market Committee at 2 p.m. EDT.

Must Read: Strong Insider Buying Found in the Underlying Holdings of BIZD

3.-- U.S. stocks on Tuesday closed higher after Russian President Vladimir Putin calmed markets by assuring there would be no further moves into Ukraine. Weaker-than-expected housing data released Tuesday isn't expected to see the Federal Reserve vary from its course of cutting bond purchases this week.

The Dow Jones Industrial Average rose 0.55% to finish at 16,336.19, while the  S&P 500 gained 0.72% to 1,872.25. The  Nasdaq added 1.25% to 4,333.31.

4.-- Shipping giant FedEx (FDX - Get Report) said severe winter storms cost it $125 million in its fiscal third quarter, causing the company to miss earnings estimates and to reduce guidance for the remainder of the fiscal year.

FedEx shares fell 0.5% to $137.90 in premarket trading on Wednesday.

5. -- The Justice Department is expected to announce a settlement with Toyota (TM) as early as Wednesday that could cost the automaker more than $1 billion to end a criminal probe into its disclosure of safety issues, people familiar with the matter told The Wall Street Journal.

The deal would cap a four-year investigation with one of the largest fines ever imposed on an automaker, the Journal noted.

Toyota shares fell 0.5% in premarket trading.

6. -- Oracle's (ORCL - Get Report) fiscal third-quarter earnings rose 2% to $2.57 billion, or 56 cents a share, up from year-earlier earnings of $2.5 billion, or 52 cents. Adjusted profit in the latest quarter was 68 cents.

Revenue rose 4% to $9.31 billion.

Oracle was expected by analysts to post fiscal third-quarter earnings of 70 cents a share on revenue of $9.36 billion.

Revenue from new software licenses and cloud software subscriptions increased 4% to $2.42 billion, as bookings for the company's cloud applications jumped more than 60%. Revenue from software license updates and product support rose 5% to $4.56 billion.

The stock fell 3.1% in premarket trading to $37.62.

7. -- Pandora (P) will raise the fees for its ad-free service by $1 a month to $4.99 a month in May, a move to cover the rising cost of licensing tunes.

Pandora said royalties paid to artists had risen 53% over the past five years and will rise another 9% in 2015, according to Reuters.

Pandora rose 1.5% to $35.50.

8. -- Adobe's (ADBE) fiscal first-quarter earnings, which were inadvertently leaked ahead of schedule Tuesday, topped Wall Street's expectations driven by strength in its marketing cloud.

Excluding one-off items, the software company reported earnings of 30 cents a share on revenue of $1 billion. Analysts expected earnings of 25 cents a share on revenue of $973.1 million.

Quarterly results were bolstered by a surge in Adobe's Marketing Cloud revenue by 24% year over year to $267 million.

Adobe shares rose 0.8% in premarket trading to $69.05.

9. -- Google (GOOG) on Tuesday unveiled an Internet-connected watch.

The "Android Wear" operating system released Tuesday is an altered version of Google's popular software. The new software will run on an array of so-called smartwatches scheduled to be released later this year.

The stock was up 0.3% in premarket trading.

10.-- Japan's Fast Retailing, parent of apparel chain Uniqlo, is no longer in talks to buy U.S. clothing retailer J.Crew Group from its private-equity owners, three people familiar with the matter told Reuters.

-- 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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FDX $165.65 -1.10%
ORCL $40.33 -1.30%
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.20 -2.10%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs