Good morning traders of the r/StockMarket sub! Happy first trading day of November! Here are your market news & stock movers for today-
(FULL SOURCE)
Frontrunning: November 1
- There is a bubble in articles about China's bubbles: Asset Bubbles Threaten China’s Economy (WSJ)
- Hillary Clinton’s Wall Street Fundraising Benefited From Loophole In Federal Anti-Corruption Rule (IBT)
- Clinton and Trump Prepare for Possibility of Election Overtime (BBG)
- Trump Leads Clinton by 1 Point in New Poll as Enthusiasm Declines (ABC)
- Investigating Donald Trump, F.B.I. Sees No Clear Link to Russia (NYT)
- Democrats Say Pledge of Speedy Email Review Falls Short (WSJ)
- In Ohio, a spelling error could cost you your vote (Reuters)
- Donald Trump Used Legally Dubious Method to Avoid Paying Taxes (NYT)
- Trump Amps Up Criticism of Clinton Amid Probe (WSJ)
- Why Bank Stocks Have The Most to Lose in the U.S. Election (BBG)
- Election Offers Stark Choices on Supreme Court’s Future (WSJ)
- Oil prices rise from one-month lows after OPEC approves strategy (Reuters)
- Three of Fed’s Own Primary Dealers Warn Hikes on Hold Until 2017 (BBG)
- Standard Chartered Shares Fall After Profit Misses Estimates (BBG)
- Bank of Japan Trims Inflation Forecasts (WSJ)
- Russia says resumption of Syria peace talks delayed indefinitely (Reuters)
- Turkish military chief heads to Russia for talks (Anadaolu)
- Turkey pushed into coup process in planned way: opposition leader (Reuters)
- Germany Cools to Chinese Investors After Record Year for Takeovers (WSJ)
- Investors Set to Parse Fed Statement for Clues on Possible Rate Rise (WSJ)
- Netflix, Amazon Take Divergent Paths to Reach Indian Audience (WSJ)
- In rare move, China criticizes Trump plan to exit climate change pact (Reuters)
- Goldman Sachs Said Outsourcing Dark Pool Operation to Nasdaq (BBG)
- Turkey could draft 'limited measure' on death penalty, PM says (Reuters)
- Ford Reaches Tentative Deal With Canadian Auto Workers’ Union (WSJ)
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
YESTERDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS MORNING'S EARNINGS CALENDAR:
(CLICK HERE FOR TODAY'S EARNINGS CALENDAR!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- VRX
- BABA
- PFE
- NUGT
- COH
- ANGI
- JNUG
- ARRY
- X
- OXY
- CWH
- AEP
- CMI
- USLV
- FEYE
- CNX
- INCY
- IVV
- LABU
- IWD
- TBRA
- RDC
- VOO
- FIS
- LB
THIS MORNING'S STOCK NEWS MOVERS: PFE, COH, ADM, OXY, AAPL, WFC, VIAB, LB, VRX, THC, SNE, BRRY, TSLA
(source: cnbc.com)
Pfizer — The drugmaker missed estimates by a penny a share, with adjusted profit of 61 cents per share. Revenue was in line with estimates. Pfizer also lowered its full-year forecast, due to the discontinuation of a lipid-lowering drug that will shave an estimated four cents per share off current-quarter earnings.
STOCK SYMBOL: PFE
(CLICK HERE FOR LIVE STOCK QUOTE!)
Yum China Holdings — The former China unit of Yum Brands will begin trading today on the New York Stock Exchange under the ticker "YUMC" following its separation from Yum.
STOCK SYMBOL: YUMC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Coach — The handbag maker matched estimates with adjusted quarterly profit of 45 cents per share. Revenue came in below forecasts. Coach did maintain its prior full-year forecast.
STOCK SYMBOL: COH
(CLICK HERE FOR LIVE STOCK QUOTE!)
Archer Daniels Midland — The grain processor beat estimates by 13 cents a share, with adjusted quarterly profit of 59 cents per share. Revenue fell short of Street forecasts. The company said it has worked through a challenging environment during the first half of the year and that its markets are now showing improvement.
STOCK SYMBOL: ADM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum — The energy producer lost 15 cents per share for its latest quarter, but revenue came in above estimates.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple — A UBS survey is finding strong interest for the iPhone 7 in the United States, but not as much in China compared to the iPhone 6 or 6s models.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Wells Fargo — The bank agreed to pay $50 million to settle a case involving home appraisal feels for homeowners who had defaulted on their mortgages. A court must still approve the settlement.
STOCK SYMBOL: WFC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Anadarko Petroleum — Anadarko lost 89 cents per share for its latest quarter, wider than the 57 cent loss forecast by analysts. Revenue was also below estimates, on the continuing weakness in energy prices.
STOCK SYMBOL: APC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Viacom — Viacom named Bob Bakish as its new acting chief executive officer, replacing the current acting CEO Tom Dooley. Bakish has been the CEO of Viacom's International Media Networks unit.
STOCK SYMBOL: VIAB
(CLICK HERE FOR LIVE STOCK QUOTE!)
L Brands — L Brands said its October comparable-store sales are expected to be up one percent, with the Bath & Body Works division posting a six percent increase and Victoria's Secret reporting a two percent drop. The apparel maker also said third-quarter earnings would come in at about 40 cents per share, compared to previous guidance of 40 cents to 45 cents a share.
STOCK SYMBOL: LB
(CLICK HERE FOR LIVE STOCK QUOTE!)
Valeant Pharmaceuticals — Former Valeant CEO Michael Pearson and ex-CFO Howard Schiller are the subjects of a U.S. criminal probe, according to a Bloomberg report. The drugmaker issued a comment that did not specifically address the specifics in that story, but did say it had previously disclosed that it was the subject of a probe by U.S. attorneys and that it was fully cooperating.
STOCK SYMBOL: VRX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tenet Healthcare — Tenet reported quarterly profit of 16 cents per share, missing estimates by three cents a share. The hospital operator's revenue did exceed forecasts. The company also lowered its full-year revenue and profit forecasts.
STOCK SYMBOL: THC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Sony — Sony reporting a nearly 86 percent drop in profit for its fiscal second quarter compared to a year earlier as its bottom line was impacted by a stronger yen.
STOCK SYMBOL: SNE
(CLICK HERE FOR LIVE STOCK QUOTE!)
BlackBerry — BlackBerry became a "Tier One" supplier for automaker Ford Motor, meaning that it supplies products directly to Ford without the use of a middleman. BlackBerry — once known as a smartphone maker — is now remaking itself as a software provider.
STOCK SYMBOL: BBRY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla — The automaker will hold a webcast today regarding its planned acquisition of SolarCity. The call will take place at 5:00 p.m. ET.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Johnson Controls — The stock was added to the "Conviction Buy" list at Goldman Sachs, following the completion of its spin-off of its Adient unit. Adient is a maker of automobile seating components.
STOCK SYMBOL: JCI
(CLICK HERE FOR LIVE STOCK QUOTE!)
Royal Dutch Shell — Shell's profit rose 18 percent compared to a year earlier, beating analysts' estimates, but the oil producer also lowered 2017 capital spending plans.
STOCK SYMBOL: RDS-A
(CLICK HERE FOR LIVE STOCK QUOTE!)
BP — BP profits fell by nearly half from a year ago during its third quarter, and the company also cut its 2016 capital spending plans by another $1 billion in the wake of weak oil prices. The latest results did, however, beat analysts' forecasts.
STOCK SYMBOL: BP
(CLICK HERE FOR LIVE STOCK QUOTE!)
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 wonderful trading day ahead here on this Tuesday November the 1st! :)
Submitted November 01, 2016 at 08:47AM by bigbear0083 http://ift.tt/2fdbTyJ
No comments:
Post a Comment