August 14 Premarket Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Aug. 14:
1. -- U.S. stock futures were edging slightly up going into Thursday's trading session, contradicting a soft European market and disappointing retail sales announced Wednesday.
European stocks showed moderate losses in the face of GDP stagnation and possible deflation.
2. -- The economic calendar in the U.S. on Thursday includes reports on initial jobless claims from the Department of Labor at 8:30 a.m. and figures on imports and exports from the Bureau of Labor Statistics, also at 8:30 a.m.
3. -- U.S. stocks on Wednesday ignored geopolitics for a day and turned instead to global growth prospects, stoking confidence that the bull market is here to stay even without the support of the Fed.
The Dow Jones Industrial Average
4. -- Cisco Systems
Revenue was flat over the fourth quarter, at $12.4 billion, and earnings per share were 43 cents on a GAAP basis, and 55 cents on a non-GAAP basis, Cisco announced.
Shares were down 1.15% in premarket trading to $24.91. Overall, the stock is up 12.4% year to date.
5. -- Flight attendants for Virgin Atlantic, the last nonunion airline in the U.S., have voted to join the Transportation Workers Union. Virgin Atlantic announced that it had filed for an IPO a month ago. 58% of flight attendants voted to unionize.
On Tuesday the airline reported a $37 million profit for the quarter, up from a loss of $22 million in the prior quarter.
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6. -- Burger King
The failure of the healthier fries highlights the quandary of fast food companies like Burger King, McDonald's
Burger King shares were flat before the market open. Meanwhile McDonald's shares were up 0.2% to $94.15.