Stock index futures were indicating a lower open for Wall Street Thursday, in the first day of the third quarter, after both the S&P 500 and the Nasdaq posted their biggest quarterly declines since the fourth quarter in 2008 during the April through June period.
The Dow experienced its biggest quarterly drop since the first quarter of 2009.
Here's what guests on today's Squawk on the Street are watching before the opening bell:
Education Stocks
For-profit schools are much more efficient, just like UPS and Fed Ex are more efficient than the post office, according to Charlie Bobrinskoy, vice chairman and director of research at Ariel Investments.
Bobrinskoy is very bullish on the sector, especially companies like Apollo Group, which posted better-than-expected quarterly results Wednesday, helped by 13 percent growth in enrollments at its University of Phoenix, and forecast fourth-quarter earnings above analyst expectations.
He also likes:
Devry
Kelly Flynn, managing director and education analyst with Credit Suisse, says the fundamentals for this sector are still good, but is wary of continuing education regulation issues that could impact the sector.
Still, she also likes Apollo, and has hold ratings on:
Corinthian Colleges
ITT Education Services
Capella Education
Grand Canyon Education
See more of what these and other analysts and money managers have to say, and get the latest financial news. Watch Squawk on the Street every weekday morning starting at 9 a.m. ET.
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Disclosure: Disclosure information was not immediately available.
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