Good morning traders of the r/StockMarket sub! Happy Wednesday! Here are your Wednesday morning stock market movers & news-
(FULL SOURCE)
Frontrunning: October 19
- China third quarter GDP grows 6.7 percent as expected as construction booms, debt rises (Reuters)
- China Growing at 6.7% Opens Window to Deliver Debt-Curb Vow (BBG)
- U.S. expects Islamic State to wield chemical weapons in Mosul fight (Reuters)
- Iraq urges U.S.-led coalition to prevent Islamic State escape to Syria (Reuters)
- Fox national poll shows Clinton leading by six points (Hill)
- Trump's appeal for poll monitors draws tepid response from some supporters (Reuters)
- Clinton camp asks for change to handshake protocol at final debate(The Hill)
- The Video Defense About Her Emails Hillary Clinton Never Gave (NPR)
- EU believes free trade deal with U.S. won't be completed this year (Reuters)
- Hedge Fund Launches Dwindle to 16-Year Low as Returns Lag (BBG)
- How Yuan-Lending Curves and Ice Hockey Are Related (WSJ)
- ECB urges EU to curb virtual money on fear of losing control (Reuters)
- Paul Volcker: Breaking Up Big Banks Wouldn’t Help (WSJ)
- Philippine police van drives at protesters to break up anti-U.S. demo (Reuters)
- Why 27 Million Are Still Uninsured Under Obamacare (BBG)
- One of China's Poorest Provinces Puts Nation on Track to Beat 6.5% Growth (BBG)
- Morgan Stanley profit jumps 61.7 percent on trading comeback (Reuters)
- Halliburton posts surprise profit as expenses fall (Reuters)
- Saudi has little room to slow austerity drive, IMF says (Reuters)
- A Florida Orthodontist’s FOIA-Fueled, Anti-Clinton Crusade (BBG)
- Salesforce’s M&A Target List Excluded Twitter (WSJ)
- Look Who’s Driving the U.S. Housing Market (BBG)
- How One Goldman Sachs Trader Made More Than $100 Million (WSJ)
- Broken Indicators Mean It's Growing Harder to Spot Troubles in the Market (BBG)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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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:
- NUGT
- BANC
- INTC
- MS
- OMER
- GDX
- EBAY
- HAL
- USB
- JNUG
- DUST
- YHOO
- DOV
- STJ
- BBT
- ABT
- ASML
- RAI
- SBUX
- AXP
- JNK
- ISRG
- GPC
- STX
THIS MORNING'S STOCK NEWS MOVERS: MS, HAL, RAI, SVU, WFC, YHOO, INTC, SBUX, NWSA, MSFT, ISRG, HPE, V, AAPL
(source: cnbc.com)
Morgan Stanley — The investment bank reported quarterly profit of 81 cents per share for the third quarter, beating estimate of 63 cents a share. Revenue was also above forecasts, with Morgan Stanley's results helped by a surge in bond trading activity among other factors.
STOCK SYMBOL: MS
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Halliburton — The oilfield services company posted a surprise profit of one cent per share, compared to analysts' forecasts for a six cents per share loss. Revenue did come in below forecasts, but Halliburton's bottom line was helped by cost cuts.
STOCK SYMBOL: HAL
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Reynolds American — The tobacco producer missed estimates by three cents a share, with quarterly profit of 61 cents per share. Revenue also fell short of forecasts.
STOCK SYMBOL: RAI
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Supervalu — The supermarket chain matched forecasts with earnings of 10 cents per share, but revenue came up short due to weaker-than-expected sales at the retail level.
STOCK SYMBOL: SVU
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Wells Fargo — Wells Fargo is delaying a planned 10-year bond sale after S&P revised the bank's credit rating outlook to "negative" from "stable." However, the bond is expected to price today, according to a Dow Jones report.
STOCK SYMBOL: WFC
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Yahoo — Yahoo reported adjusted quarterly profit of 20 cents per share, six cents a share above estimates. Revenue was in line with forecasts. Yahoo has a deal in place to be sold to Verizon, but some doubts have recently been cast upon the deal because of the recently revealed 2014 data hack.
STOCK SYMBOL: YHOO
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Intel — Intel beat estimates by seven cents a share, with adjusted quarterly profit of 80 cents per share. The chipmaker's revenue also beat forecasts in what the company said was an "outstanding" quarter. Intel's results were helped by growth in its data center and cloud businesses, as well as better demand for personal computers. However, the shares are under pressure because of apparent disappointment over data center business growth rates.
STOCK SYMBOL: INTC
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Starbucks — Starbucks named its first-ever chief executive officer for its China operations. Belinda Wong, who had been president of that unit, becomes CEO, with the coffee chain aiming to double its China presence to 5,000 stores by 2021.
STOCK SYMBOL: SBUX
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News Corp. — News Corp.'s Dow Jones unit has told its employees union that it is planning a restructuring because of ad sales volatility. The Wall Street Journal — a Dow Jones publication — reports that it is not yet clear what form the restructuring would take, but that it may involve a reduction in head count.
STOCK SYMBOL: NWSA
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Microsoft — The company's Surface tablets were the target of criticism from New England Patriots coach Bill Belichick, who said he will not use them anymore on the sidelines because the devices do not perform consistently.
STOCK SYMBOL: MSFT
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Intuitive Surgical — Intuitive Surgical reported adjusted quarterly profit of $6.19 per share, well above estimates of $5.14 a share. The surgical products maker's revenue was also above forecasts. However, shares came under pressure after the company maintained its prior full-year forecast.
STOCK SYMBOL: ISRG
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Hewlett Packard Enterprise — HPE reaffirmed its full-year forecast at a meeting with analysts, but the cloud services and solutions company said it would see some short-term pressure after two planned spinoffs close during the coming fiscal year.
STOCK SYMBOL: HPE
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Visa — The credit card issuer increased its quarterly dividend by 2.5 cents to 16.5 cents per share, a rise of 18 percent.
STOCK SYMBOL: V
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Apple — Apple plans to launch new versions of its Mac computers at an October 27 event, according to Recode.
STOCK SYMBOL: AAPL
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DISCUSS!
What is on everyone's radar for today's trading day ahead here at r/StockMarket?
Hope you all have a great trading day ahead here on this Wednesday!
Submitted October 19, 2016 at 08:39AM by bigbear0083 http://ift.tt/2eR40CP
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