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

August 13 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Wednesday, Aug. 13:

1. -- U.S. stock futures were looking sunny this morning, building on a rise in the European markets.

European stocks were bouncing back this morning, ignoring the geopolitical gloom and even the troubling economic climate -- for now, anyway. Germany seemed more interested in first-half results from its biggest utility E.ON (EONGY) than in the eurozone’s slowing inflation rate. Some countries, including France and Spain, have even been showing deflationary tendencies.

2. -- The economic calendar in the U.S. on Wednesday includes the retail sales report at about 8:30 a.m. and data on business inventories at about 10 a.m., both from the Census Bureau.

Must Read: Want a Hydrogen-Fueled Car? It'll Cost You Double

3. -- U.S. stocks on Tuesday traded slightly down, after a period of consolidation in the afternoon.

The Dow Jones Industrial Average (DIA) closed with a loss of 0.06% to 16,560.54. The S&P 500 (SPY) closed down 0.16% to 1,933.75. The Nasdaq (QQQ) was down 0.27% to 4,389.25.

4. -- King Digital (KING - Get Report), maker of the addictive Candy Crush video game, reported weaker second-quarter revenue than analysts expected. Gross bookings fell by $30 million, or 5%. Earnings per share were 59 cents on revenue of $594 million, short of the expected $608 million.

The hand-wringing immediately began over whether the company is merely a flash in the pan. King's Chinese-market rollout and its newer video games like Bubble Witch didn't quiet the alarm much.

King stock cratered by 22.8% in premarket trading to $18.20, despite CEO Riccardo Zacconi's promise of a special $150 million dividend for shareholders and a lockup extension for existing shareholders. 

5. -- Ahead of its IPO, Chinese Internet behemoth Alibaba (to trade as BABA) restructured its relationship with payments processor Alipay, reducing Alibaba's risk in financial services but assuring it of receiving hefty fees. Alibaba is estimated to make $9.4 billion from the deal at minimum.

Alibaba is partially owned by Yahoo! (YHOO), whose stock dropped 0.75% in premarket trading to $35.52. 

1 of 2

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
FLT $144.24 2.41%
KING $14.29 3.25%
AAPL $110.78 0.36%
FB $94.01 2.11%
GOOG $641.47 2.32%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs