Good morning traders of the r/StockMarket sub! Happy Thursday! Here are your market movers & news-
(FULL SOURCE)
Frontrunning: October 20
- Global stocks nudge higher after final U.S. presidential debate (Reuters)
- Trump, Clinton Double Down: Final Debate By the Numbers (BBG)
- Will Trump accept election's outcome? 'I will keep you in suspense' (Reuters)
- After Sedate Start, Trump Takes the Bait (WSJ)
- ‘Rigged’ Election Charge Takes Spotlight (WSJ)
- Debate highlights: Trump calls Clinton a 'nasty woman' (Reuters)
- Draghi Set to Stay Tight-Lipped as Investors Look for Cues (WSJ)
- Draghi Seen Keeping Up Suspense on Future of ECB Stimulus Plan (BBG)
- Philippine President Duterte announces 'separation' from United States (Reuters)
- Plummeting Newspaper Ad Revenue Sparks New Wave of Changes (WSJ)
- The Tech Bubble Didn’t Burst This Year. Just Wait (BBG)
- How ISIS Used Chat Apps to Direct Attacks in West (WSJ)
- What It Takes to Be the World’s Biggest Crude Producer (BBG)
- New Front Opened in Battle for Mosul (WSJ)
- Turkish Lira Advances After Central Bank Holds Interest Rates (BBG)
- Turkey Central Bank Unexpectedly Holds Rates on Weaker Lira (BBG)
- It's Better to Buy Than to Rent, and It Probably Always Will Be (BBG)
- New Caterpillar CEO Faces Tough Decisions as Company Digs Out (WSJ)
- Broken Indicators Mean It's Growing Harder to Spot Troubles in the Market (BBG)
- Americans Work 25% More Than Europeans, Study Finds (BBG)
- ‘Passive’ Investing: A Lot More Active Than You Think (WSJ)
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:
- TSLA
- EBAY
- VZ
- MSFT
- AAL
- WBA
- KMI
- EXPE
- ALK
- TRV
- DHR
- BK
- TXT
- HLX
- PBYI
- PHM
- HZNP
- WBC
- AXP
- ADS
- WF
- MBLY
- CTXS
- CREE
- V
THIS MORNING'S STOCK NEWS MOVERS: TRV, VZ, AAL, WBA, DNKN, ALK, BK, DGX, AXP, TSLA, MAT, EBAY, NFLX, WFC, GOOGL
(source: cnbc.com)
Travelers — The insurer earned an adjusted $2.40 per share for the third quarter, two cents a share above estimates. Revenue also came in above forecasts. Profit did fall from a year earlier, however, due to higher weather-related losses, but premiums did rise to a record high.
STOCK SYMBOL: TRV
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Verizon — Verizon beat estimates by two cents a share, with adjusted quarterly profit of $1.01 per share. Revenue fell slightly shy of analysts' forecasts, however. The company said it is in the midst of transforming itself in a "challenging environment," but noted strong profitability and customer loyalty.
STOCK SYMBOL: VZ
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American Airlines Group — The airline earned $1.76 per share for the third quarter, seven cents a share above estimates. Revenue was slightly above the Street's consensus. CEO Doug Parker noted the success of the company's integration efforts following its merger with US Airways.
STOCK SYMBOL: AAL
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Walgreens Boots Alliance — The drugstore operator beat estimates by eight cents a share, with adjusted quarterly profit of $1.07 per share, Revenue fell below forecasts, however. Comparable-store sales rose 3.2 percent compared to a year earlier.
STOCK SYMBOL: WBA
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Dunkin' Brands — The company earned an adjusted 60 cents per share for its latest quarter, one cent a share above estimates. Revenue missed forecasts, however, due to fewer openings and a drop in sales at Baskin-Robbins outlets.
STOCK SYMBOL: DNKN
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Alaska Air — The airline came in 11 cents a share above estimates, with adjusted quarterly profit of $2.20 per share. Revenue was essentially in line with forecasts. Overall profit did fall due to costs related to Alaska Air's planned merger with Virgin America.
STOCK SYMBOL: ALK
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Bank of New York Mellon — The bank reported adjusted quarterly profit of 90 cents per share, nine cents a share above estimates. Revenue also beat Street forecasts. Bank of New York Mellon was helped by lower costs and an increase in revenue from a year earlier.
STOCK SYMBOL: BK
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Quest Diagnostics — The medical lab operator came in two cents a share above estimates, with adjusted quarterly profit of $1.37 per share. Revenue was in line with forecasts. Quest also raised its full-year forecast, crediting its improved performance to expansion of its health system relationships.
STOCK SYMBOL: DGX
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American Express — The financial services company reporting adjusted quarterly profit of $1.24 per share, well above estimates of 97 cents a share. Revenue also beat forecasts. Additionally, Amex raised its earnings outlook for the year on better credit quality and increased emphasis on its platinum card.
STOCK SYMBOL: AXP
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Tesla Motors — Tesla announced that all of its new vehicles will be equipped with hardware that enables fully autonomous driving, with the automaker planning to have a vehicle drive itself from Los Angeles to New York by the end of 2017.
STOCK SYMBOL: TSLA
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Wells Fargo — Wells Fargo is the subject of a criminal investigation by California's attorney general, centering on whether the creation of new accounts by the bank's sales staff involved identity theft.
STOCK SYMBOL: WFC
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JPMorgan Chase — JPMorgan is said to be in talks to sell its stake in a Chinese securities joint venture.
STOCK SYMBOL: JPM
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Alphabet — Alphabet's Google unit reportedly reached a deal with CBS to carry the network on a soon to be launched online TV service, according to The Wall Street Journal.
STOCK SYMBOL: GOOGL
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Mattel — Mattel reported adjusted quarterly profit of 70 cents per share, one cent a share below estimates. Sales came in slightly above forecasts. The toy maker did see a strong rebound in Barbie-related sales as well as improvement in its American Girl business.
STOCK SYMBOL: MAT
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EBay — EBay came in one cent a share above estimates, with quarter profit of 45 cents per share. Revenue was slightly above forecasts, but the online retailer gave a current-quarter forecast that disappointed some investors.
STOCK SYMBOL: EBAY
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Caesars Entertainment — The casino operator's deal with creditors to bring its operating unit out of bankruptcy protection has been brought under question by a lawyer for the government's bankruptcy watchdog, who said the deal must not violate the law even if all parties agree to it.
STOCK SYMBOL: CZR
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Tableau Software — Tableau remains on watch today after surging Wednesday on reports that it has explored a sale in recent months. The Wall Street Journal reported that the business software company worked on a sale this past summer before the effort failed.
STOCK SYMBOL: DATA
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Netflix — Netflix and 21st Century Fox are in a court battle over alleged employee poaching. Fox accuses Netflix of illegally hiring two employees who were under contract at Fox, but Netflix filed a complaint questioning the legality of those contracts.
STOCK SYMBOL: NFLX
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FULL DISCLOSURE:
/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
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 Thursday! :)
Submitted October 20, 2016 at 08:40AM by bigbear0083 http://ift.tt/2emH5QY
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