Good morning traders of the r/StockMarket sub! Happy Monday! I hope you all had a nice relaxing weekend in here! Here are your Monday market movers & news-
(FULL SOURCE)
Frontrunning: October 24
- The CEO Behind AT&T’s Huge Time Warner Deal (BBG)
- AT&T-Time Warner deal sparks calls for scrutiny in Washington (Reuters)
- Wall Street’s $40 Billion AT&T Pledge Offers Fees and Risks (BBG)
- Bernie Sanders: Obama Administration “Should Kill” The AT&T-Time Warner Deal (Deadline)
- Oil prices under pressure as Iraq resists joining output cut (Reuters)
- Europe's Stocks Rise With Bonds on Earnings, Ratings, Politics (BBG)
- Battle for Mosul can shape or break Iraq further (Reuters)
- Suriname Said to Win Better Terms in $550 Million Overseas Sale (BBG)
- Calais migrants: France begins to clear 'Jungle' camp (BBC)
- Venezuela congress presses for Maduro trial in rowdy session (Reuters)
- Bankers Prepare for Brexodus From London (BBG)
- In battleground Florida, tough stance on felons may sap votes for Democrats (Reuters)
- Clinton, Kaine concerned over AT&T, Time Warner merger (Hill)
- Major banks mark first-ever international trade using blockchain tech (Reuters)
- Fake Divorce Is Path to Riches in China’s Hot Real Estate Market (BBG)
- Rockwell broadens its reach with $6.4 billion purchase of B/E Aerospace (Reuters)
- Name Now Awash in Controversy, Trump Readies New Brand (BBG)
- Bundesbank Says High-Frequency Trading Can Enhance Volatility (BBG)
- Putin’s Long Shadow in U.S. Campaign Fuels New Red Scare (BBG)
- America, land of opportunity? Not for young people, study says (McClatchy)
- China’s Dealmakers Are on a $207 Billion Spree (BBG)
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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FRIDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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TODAY'S EARNINGS CALENDAR:
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MONDAY PRE-MARKET ER:
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MONDAY AFTER-HOURS ER:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- TWX
- T
- TMUS
- ARIA
- KONE
- AKS
- VFC
- KMB
- AGEN
- LJPC
- WYNN
- EZU
- EWJ
- EPI
- QQQ
- EWW
- EWU
- EWA
- DGLY
- GM
- CMCSA
- AMTD
- FXI
- EWZ
- XOP
THIS MORNING'S STOCK NEWS MOVERS: TWX, T, MMM, CMCSA, DKS, WSM, VFC, MET, GSK, GNW, BA, AMTD, LNKD, AMZN
(source: cnbc.com)
Time Warner — AT&T will buy the media giant for $85.4 billion in cash and stock, worth $107.50 per share compared to a Friday close of $89.48. Lawmakers are already promising heavy scrutiny of the deal because of competitive concerns. Separately, AT&T reported adjusted quarterly profit of 74 cents per share, matching estimates, and raised its dividend by a penny to 49 cents per share.
STOCK SYMBOL: TWX
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3M — 3M was upgraded to "overweight" from "equal weight" at Barclays, based on a recent pullback and a recovery in emerging markets, where 3M has significant exposure.
STOCK SYMBOL: MMM
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Comcast — Macquarie upgraded the NBCUniversal and CNBC parent to "outperform" from "neutral," mentioning Comcast's DreamWorks acquisition, digital initiatives, and the focus on distribution and content highlighted by the AT&T/Time Warner deal and other transactions.
STOCK SYMBOL: CMCSA
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Dick's Sporting Goods — Cowen upgraded the sporting goods retailer to "outperform" from "neutral," citing increased customer traffic and a rise in consumer satisfaction.
STOCK SYMBOL: DKS
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Williams-Sonoma — Citi tapped the household goods retailer as a top holiday stock pick, mentioning easy comps and upbeat spending projections from industry sources.
STOCK SYMBOL: WSM
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VF Corp. — The apparel retailer earned $1.19 per share for its latest quarter, four cents a share above estimates. Revenue fell below forecasts, however, and the company also cut its outlook for the full year. Jeans brands Wrangler and Lee are seeing declining sales, although outdoor brands like Vans and Timberland are growing, the company said. VF also raised its quarterly dividend by 14 percent to 42 cents a share.
STOCK SYMBOL: VFC
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Kimberly-Clark — The consumer products company missed estimates by two cents a share, with adjusted quarterly profit of $1.52 per share. Revenue also fell short of estimates amid what the company calls a "challenging" economic and competitive environment.
STOCK SYMBOL: KMB
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MetLife — MetLife is back in court today, trying to get the Financial Stability Oversight Council to remove its designation of the insurer as a "systemically important financial institution." Such a designation subjects companies to increased federal scrutiny, and MetLife feels that the designation is unjustified.
STOCK SYMBOL: MET
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GlaxoSmithKline —The drugmaker has filed for U.S. approval of its shingles vaccine Shingrix, which analysts feel has the potential for $1 billion in annual sales.
STOCK SYMBOL: GSK
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Genworth Financial — Genworth struck a deal to be bought by China Oceanwide Holdings for $2.7 billion in cash. The $5.43 per share deal represents a 4.2 percent premium for the insurer's closing price on Friday.
STOCK SYMBOL: GNW
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B/E Aerospace — The company will be bought by aircraft component maker Rockwell Collins for $62 per share in cash and stock. The value of the deal to buy the maker of aircraft interiors is worth $6.4 billion, not including assumption of debt.
STOCK SYMBOL: BEAV
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Boeing — Boeing is stepping up its participation in the market for aircraft replacement parts, according to a Reuters report which notes that the move puts Boeing in competition with some of its major suppliers. The replacement and repair market is worth an estimated $62 billion per year and growing.
STOCK SYMBOL: BA
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TD Ameritrade — The online brokerage and Toronto-Dominion Bank are buying brokerage Scottrade Financial for $4 billion.
STOCK SYMBOL: AMTD
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LinkedIn — Microsoft's deal to buy LinkedIn for $26 billion is getting more intense review from European Union regulators, according to The Wall Street Journal, which said officials have sent questionnaires to competitors about the possible deal.
STOCK SYMBOL: LNKD
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Amazon.com — Amazon saw its price target raised to $1,050 from $920 at Goldman Sachs, which maintains a "conviction buy" rating on the stock. Goldman cites both outperformance in Amazon's retailing operation, as well as growth in the Amazon Web Services business.
STOCK SYMBOL: AMZN
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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 Monday! :)
Submitted October 24, 2016 at 08:52AM by bigbear0083 http://ift.tt/2dCPc5I
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