Good morning traders of the r/StockMarket sub! Happy Monday! Here are your pre-market stock movers & news on this Monday morning-
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Frontrunning: October 10
- Rancorous Debate Gets Personal (WSJ)
- In debate, Trump signals aggressive close to his campaign (AP)
- Trump Ends Nightmare Weekend With Over-the-Top Debate (BBG)
- Trump vs Clinton: He calls her a devil, she says he abuses women (Reuters)
- Ryan discussed revoking Trump endorsement (Politico)
- Trump's body language during debate raises social media eyebrows (Reuters)
- Mexican peso rises after Trump-Clinton debate, pound falls again (Reuters)
- Pound Fails to Shake Off Wounded Image After Week of Flash Crash (BBG)
- $60 Oil Not ‘Unthinkable’ This Year, Saudi Energy Minister Says (WSJ)
- OPEC’s Quiet Man Is at Center of Cuts Deal Nobody Saw Coming (BBG)
- Yemen's Houthis lash out after air strike with missile attack (Reuters)
- NBC suspends Billy Bush for role on Trump tape (AP)
- Samsung to Halt Galaxy Note 7 Production Temporarily (WSJ)
- Samsung Halting Note 7 Output Amid Reports of New Fires (BBG)
- Global Political Uncertainty Weighs on Growth Outlook (WSJ)
- China Intensifies Push to Cut Debt With Multi-Agency Blitz (BBG)
- Almost 1.4 Million Without Power as Matthew Death Toll Rises (BBG)
- Aftereffects of Matthew to linger in North Carolina (AP)
- Jack Ma, Spielberg Strike Deal to Bring Hollywood to China (BBG)
- Banks ponder the meaning of life as Deutsche agonizes (Reuters)
- Ex-Credit Suisse Trader Wins Dismissal of U.K. Fraud Charges (BBG)
STOCK FUTURES NOW:
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FRIDAY'S MARKET MAP:
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TODAY'S ECONOMIC CALENDAR:
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TODAY'S EARNINGS CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- BMY
- MYL
- TSRO
- TSLA
- MRK
- TWTR
- GS
- TSN
- AEO
- MCD
- MZOR
- LPCN
- ZIOP
- ACIA
- PNRA
- PBF
- AGCO
- VRX
- UTX
- DE
- XXIA
- HON
- PXD
- MENT
THIS MORNING'S PRE-MARKET NEWS MOVERS: MYL, DB, VIAB, CBS, TWTR, TWLO, FB, TSLA, BABA, MRK, DOW, UTX, MCD, NFLX
Mylan — The drugmaker agreed to pay $465 million to settle charges that it overcharged the government for its EpiPen products. Mylan had been accused of incorrectly classifying EpiPen as a generic instead of a branded product.
STOCK SYMBOL: MYL
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Deutsche Bank — Deutsche Bank were under pressure early in the European session on the lack of expected settlement deal with the Justice Department over its sales of mortgage-backed securities, but subsequently erased its losses and went positive.
STOCK SYMBOL: DB
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Viacom, CBS — The two companies may be closer to recombining, with The Wall Street Journal reporting that both have hired advisers to explore a potential merger.
STOCK SYMBOL: VIAB
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Twitter — Shares are under pressure once again on reports that potential suitors are now unlikely to make a bid for Twitter, with the latest coming from a Bloomberg story over the weekend.
STOCK SYMBOL: TWTR
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Twilio — Twilio filed for a follow-on offering, with most of the shares expected to be sold by existing stockholders. The cloud computing company will not receive any proceeds from those share sales, although it will also sell an undetermined number of shares on its own.
STOCK SYMBOL: TWLO
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Calpine — The power generation company is buying the North American energy distribution unit of Singapore commodities trader Noble Group for $1.05 billion.
STOCK SYMBOL: CPN
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Facebook — Facebook's U.K. subsidiary generated an 11 million pound (about $12.3 million) tax credit in 2015, even as its revenue jumped, according to numbers released this weekend. Facebook did say it paid all taxes required under U.K. law.
STOCK SYMBOL: FB
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Tesla — The automaker will not have to raise new funds during the fourth quarter to fund its acquisition of SolarCity, according to Elon Musk, who is chairman of both companies. That's the opposite of what was said in a filing with the Securities and Exchange Commission last week. Musk also said Tesla would "probably" not have to raise funds in the first quarter of 2017.
STOCK SYMBOL: TSLA
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Novartis — The drugmaker reported upbeat results in a study that combined an experimental drug with an older treatment to combat breast cancer. The study found that the combined treatment kept the disease in check for a good deal longer than current treatment regimens.
STOCK SYMBOL: NVS
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Alibaba — The China-based online retailer has formed a partnership with Hollywood director Steven Spielberg's Amblin Partners that will help the Spielberg company distribute movies in China.
STOCK SYMBOL: BABA
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Merck — Merck reported longer survival rates in a study that treated advanced lung cancer patients with its immune system-boosting drug Keytruda, compared to conventional chemotherapy.
STOCK SYMBOL: MRK
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Dow Chemical — UBS upgraded Dow to "buy" from "neutral," saying the proposed merger with DuPont could gain regulatory approval and that the stock is now "too cheap to ignore."
STOCK SYMBOL: DOW
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United Technologies — Citi downgraded the stock to "neutral" from "buy," saying consensus forecasts are too high given a number of underlying issues that will crimp earnings.
STOCK SYMBOL: UTX
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McDonald's — Telsey Advisory Group resumed coverage on the restaurant chain's shares with an "outperform" rating, praising the "operational metamorphosis" implemented by CEO Steve Easterbrook since he came on board nearly two years ago.
STOCK SYMBOL: MCD
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Netflix — Deutsche Bank initiated coverage on the video streaming service with a "sell" rating, saying market expectations through 2020 appear to be too high. The firm is positive on the business but said risk/reward is unattractive and that Netflix is unlikely to be the target of a potential buyer.
STOCK SYMBOL: NFLX
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Good trading day to everyone in here on this Monday! :)
Submitted October 10, 2016 at 08:31AM by bigbear0083 http://ift.tt/2dFPivT
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