This Day On The Street
Continue to site
ADVERTISEMENT
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

Aug. 26 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Aug. 26:

1. -- U.S. stock futures were rising slightly Tuesday ahead of data on durable goods and home prices.

European stocks were trading flat. Asian stocks ended the session mostly lower. Japan's Nikkei 225 index fell 0.6%.

The Deal's Jonathan Braude has the latest in Tuesday's European market action:


WATCH: More market update videos on TheStreet TV

Read More: 5 Most Beloved U.S. Airlines of All Time

2. -- The economic calendar in the U.S. on Tuesday includes durable goods orders for July at 8:30 a.m. EDT, the Case-Shiller 20-city Index for June at 9 a.m., the FHFA Housing Price Index for June at 9 a.m., and consumer confidence for August at 10 a.m.

3. -- U.S. stocks on Monday rose and the S&P 500 smashed its way through 2,000, bolstering the case that the current rally will continue.

The broad-based S&P 500 advanced 0.48% to 1,997.92, an all-time high, after trading as a high as 2,001.95. The Dow Jones Industrial Average rose 0.44% to 17,076.87. The Nasdaq added on 0.41% to 4,557.34.

4. -- Warren Buffett is helping finance Burger King's (BKW) planned takeover of Canadian coffee-and-doughnut chain Tim Hortons (THI) , The Wall Street Journal reported, citing people familiar with the matter.

Buffett's Berkshire Hathaway BRK.A would invest in the deal in the form of preferred shares, some of the people said. Berkshire is expected to provide about 25% of the deal's financing, one of the people said. The exact structure of Buffett's participation remains unclear and the discussions are ongoing, according to the newspaper.

The takeover, likely valued at about $10 billion or more, could be announced in the next day or two, the people told the Journal.

5. -- Amazon.com (AMZN - Get Report)   is buying streaming platform Twitch Interactive for $970 million in cash as it seeks to take part in video gaming's growth as an online spectator sport.

Twitch is a multi-channel online network built for a generation of people who not only enjoy playing video games, but find it entertaining to watch others who might impart tricks and tips for excelling at their favorite games.

Twitch had 55 million unique visitors in July, up from 20 million in 2012. Most visited the Twitch.tv Web site to watch other people play live or recorded games, competitions interspersed with advertising.

6. -- Electronics retailer Best Buy (BBY) is expected by Wall Street on Tuesday to report second-quarter earnings of 31 cents a share on revenue of $8.99 billion.

7. -- Dish Network (DISH)  on Monday filed a 202-page petition with the Federal Communications Commission to block the proposed merger of Comcast (CMCSA) and Time Warner Cable (TWC) .

In the petition, Dish said there is "potential for the merger to significantly damage competitive development of over-the-top (OTT) video and limit consumer access to online video programming."

"The merger would permit and motivate the combined company to hurt or destroy online video rivals through its control over the broadband pipe, passing an estimated two thirds of U.S. households," Dish said in the petition.

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
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
SYM TRADE IT LAST %CHG
BKW $35.50 0.00%
AMZN $427.64 -0.92%
AAPL $132.58 0.91%
FB $80.58 0.12%
GOOG $540.32 -0.40%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs