General Electric Co. (GE) will host a five-hour "deep-dive" conference in which it will try to open GE Capital's books. GE aims for more transparency to gain back investors' confidence. The company has just said liquidity is strong and it expects GE Capital to be profitable this year. Shares of GE are zooming over 6 percent higher in premarket trade.

Oracle (ORCL) managed to beat analyst estimates for the reported quarter in both profit and sales. It also gave guidance higher than estimates. Not just that, but the tech giant also announced its first-ever dividend, despite overall weakness in software sector. Oracle rival SAP (SAP) also rose. ORCL shares are up over 10 percent in premarket trade.

Citigroup (C) is considering a reverse stock split as part of an exchange offer that could give the U.S. government a 36 percent stake in the bank. Citi shares are up 12 percent in early trade.

Nike (NKE) reported stronger-than-forecast earnings, but investors may concentrate on the sneaker and apparel maker's declining orders. NKE shares are down over 4 percent in premarket trade.

Reporting today:

  • FedEx (FDX) missed earnings estimates, shares down over 4 percent in premarket trade.
  • Palm Inc. (PALM) is projected to post a loss of 58 cents a share in the third quarter.
  • Discover Financial Services (DFS) is forecast to post a loss of 15 cents a share in the first quarter. The company cuts dividend, operating profit falls 50 percent.
  • Barnes & Noble (BKS) is projected to post earnings of $1.47 a share in the fourth quarter. Beats estimates.
  • Blockbuster (BBI) is projected to post earnings of 25 cents a share in the fourth quarter.
  • 3Com Corp (COMS) is projected to post earnings of 10 cents a share in the third quarter.

General Motors Corp. (GM) saw increased sales in its China minivans venture as the government there kicked in subsidies of as much as $1,170 to help it sell vans, especially in rural areas. Sales grew by 32 percent in the first two months after a cut in retail taxes on small vehicles. GM doubled its 2009 forecast for China's market growth, while its domestic sales have plunged 51 percent. Shares are up over 5 percent in premarket trade.

Prudential Financial (PRU) had its credit rating downgraded by Moody's Investors Service.

3M Co. (MMM) corporate credit and senior unsecured ratings were lowered by Standard & Poor's Ratings Services to AA- from AA and affirmed its short-term credit rating of A-1+.

Alcoa (AA) was upgraded at JPMorgan from Neutral to Overweight. Shares are up over 7 percent in premarket trade.

AIG (AIG) will likely continue to be in focus with regards to bonuses paid to executives, Fannie Mae (FNM) could find itself under public scrutiny as well for the same reason.

Microsoft Corp. (MSFT) will release a new version of Internet Explorer Thursday, adding features meant to speed up surfing and enhancing the browser's security measures. Shares are up 1.7 percent in premarket trade.


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