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
TheStreet Open House

Aug. 19 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Aug. 19:

1. -- U.S. stock futures were rising Tuesday ahead of data on inflation and housing.

European stocks rallied for a second day after the U.K. reported that inflation slowed in July, boosting expectations that the Bank of England will keep interest rates at a record low. Asian indices also rose.

Read More: Dollar General Investors Face Win-Win Prospect in Family Dollar Bid

2. -- The economic calendar in the U.S. on Tuesday includes the Consumer Price Index for July at 8:30 a.m. EDT, and housing starts and building permits for July at 8:30 a.m.

3. -- U.S. stocks on Monday jumped on strong economic news, surging M&A deals and a slight ebbing of Ukraine worries.

The Dow Jones Industrial Average rose 1.06% to close at 16,838.74. The S&P 500 gained 0.85% to 1,971.74. The Nasdaq surged 0.97% to 4,508.31. The Nasdaq hit a 14-year high on Monday.

4. -- Home-improvement retailer Home Depot (HD) reported second-quarter earnings of $2.05 billion, or $1.52 a share, up from year-earlier profit of $1.79 billion, or $1.24 a share.

Sales in the quarter rose 5.7% to $23.81 billion. Same-store sales rose 5.8%; U.S. same-stores at Home Depot rose 6.4% in the second quarter.

Analysts expected earnings of $1.44 a share on sales of $23.6 billion.

The company lifted its 2014 earnings forecast to $4.52 a share.

Read More: Why Home Depot Remains the Retail Sector's Best Bargain Stock

5. -- BHP Billiton (BHP)  said it plans to split off some of its smaller assets into a separate company. The world's biggest mining company also said it posted annual profit of $13.8 billion, up 32% from a year earlier.

BHP, of Melbourne, Australia, said the reorganization will allow it to concentrate on its mainstay iron ore, copper, coal, petroleum and potash businesses.

The new company, which will have BHP's current chief financial officer, Graham Kerr, as its CEO, will include some of BHP's assets from five countries, including aluminum, nickel, manganese, silver and coal.

6. -- Sprint (S) , the third-largest wireless company in the U.S., announced new, cheaper pricing plans on Monday that double its data offerings.

A new pricing plan, which will be available beginning on Friday, will offer customers 20 gigabytes of data and up to 10 lines for $100. 

"The message is simple: We are back in the game. We are going to offer most competitive value for American consumers," Marcelo Claure, Sprint's newly appointed CEO, told Reuters in an interview.

7. -- Wall Street expects retailer TJX Cos. (TJX) to post second-quarter earnings of 73 cents a share on sales of  $6.88 billion.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

Brokerage Partners

Rates from Bankrate.com

  • 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