Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Fitbit steps into the market:
Fitbit, the firm that fashions techy fitness trackers, is making its stock market debut Thursday. The initial public offering was priced at $20 per share, setting the value of the firm around $4 billion. Shares will begin trading on the New York Stock Exchange under the symbol "FIT".
2. Stock market overview:
Market sentiment is getting dragged down by worries that Greece and its creditors will not be able to reach a deal. Greece could be just weeks away from defaulting on its debts, and Thursday is seen as a critical day for political leaders to finalize an agreement. If they can't get a deal, many are predicting doomsday scenarios for the indebted nation. The risks surrounding Greece have pulled down European markets, which are all in the red in early trading.
3. Stock market mover
Oracle: Shares in software company Oracle (ORCL, Tech30) are off by about 7.5% premarket following worse-than-expected earnings. The company reported its revenues were down 5% in the latest quarter as it was hit hard by the strengthening U.S. dollar.
4. Earnings and economics:
Rite Aid (RAD) and Kroger (KR) are reporting their latest earnings before the market open. Kroger is one of the largest supermaket chains in the world, and its stock is up 55% over the past 12 months -- though food cost inflation and lower revenues from fuel sales may hurt the company's revenue.
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