Good morning traders of the r/StockMarket sub! Happy Wednesday! Here are your pre-market stock movers & news for today-
(FULL SOURCE!)
Frontrunning: December 7
- Futures rise for third day in a row (Reuters); Banks Lead Stock Rally as Bonds Gain With Hopes Pinned on Draghi (BBG)
- Monte dei Paschi bolsters European stocks, ECB looms (Reuters)
- Finding Risk in All the Wrong Places as Trump Era Begins (BBG)
- Goldman Tells Stock Pickers to Rejoice as Correlations Decline (BBG)
- Trump’s ‘Wall’ at Mexico Border Vanishing as GOP Lawmakers Bolt (BBG)
- AT&T CEO: Time Warner Deal Would ‘Disrupt’ Cable TV Model (WSJ)
- Americans Are Paying Apple Millions To Shelter Overseas Profits (BBG)
- China premier says steady growth this year to lay good foundation for 2017 (Reuters)
- The ‘Weird’ Commodity Hurting the Bears as Prices Double (BBG)
- Aleppo rebels call for five-day ceasefire (Reuters)
- China calls Iowa's Branstad 'old friend' after report he picked as ambassador (Reuters)
- How Iran closed the Mosul 'horseshoe' and changed Iraq war (Reuters)
- Brazil Supreme Court deal might keep Senate head in place: report (Reuters)
- BP oil exports from U.S. to Asia could open new routes (Reuters)
- Forget Robots—People Skills Are the Future of American Jobs (BBG)
- Britain fines Pfizer record $107 million for huge drug price hike (Reuters)
- Trump Says He Will Leave Family Business. The Pros Tell Him How (BBG)
- Nearly 100 killed, hundreds hurt as quake strikes Indonesia's Aceh (Reuters)
- Fed May Struggle to Signal What Comes After December (WSJ)
- Kazakhstan detains suspected oil thieves linked to Islamists (Reuters)
- Pearl Harbor Survivors Gather for 75th Anniversary Reunion (WSJ)
- Plane with some 47 people on board crashes in north Pakistan (Reuters)
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:
- AAPL
- UA
- WDC
- BA
- SGYP
- PLAY
- MU
- S
- DB
- KFY
- SQ
- X
- DGAZ
- UNH
- SPWR
- MIK
- UGAZ
- JNPR
- CCE
- MMM
- VA
- MPC
- CMG
- FXI
- PTEN
- HDS
THIS MORNING'S STOCK NEWS MOVERS: WEN, LUV, LOW, UNH, MMM, MU, PLAY, WDC, PFE, SBUX, AAPL, FIT & more
(source: cnbc.com)
Wendy's (WEN) – Nelson Peltz's Trian increased its stake in the restaurant chain to 23.45 percent from the prior 15.6 percent.
STOCK SYMBOL: WEN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Southwest Airlines (LUV) – The air carrier reported a 7.2 percent increase in revenue passenger miles in November from a year earlier.
STOCK SYMBOL: LUV
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Lowe's (LOW) – The home improvement retailer reiterated its prior guidance for fiscal 2016 prior to its meeting with analysts and investors Wednesday in Mooresville, North Carolina.
STOCK SYMBOL: LOW
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UnitedHealth Group (UNH) – The health insurer was upgraded to buy from hold by Cantor Fitzgerald, which points to an upbeat outlook at last week's investor day. Cantor said the stock has room to move higher despite a 34 percent year-to-date gain, due to factors including market share gains and the elimination of exchange losses.
STOCK SYMBOL: UNH
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3M (MMM) – RBC upgraded the Dow component to sector perform from underperform, with a recent drop in the stock making its risk/reward profile more balanced. RBC does say that health care exposure could hurt 3M due to possible new Trump initiatives, but it is raising its price target for 3M to $171 from $155.
STOCK SYMBOL: MMM
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Micron Technology (MU) – Citi began coverage on the chipmaker with a buy rating, pointing to rapidly improving fundamentals in the DRAM industry.
STOCK SYMBOL: MU
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Kellogg (K) – Credit Suisse removed the cereal maker from its US Focus List, and now rates it neutral. Credit Suisse said Kellogg's revenue growth continues to underperform that of its peers, and that moves to counter slowing growth have yet to pan out.
STOCK SYMBOL: K
(CLICK HERE FOR LIVE STOCK QUOTE!)
MasterCard (MA) – The credit card issuer announced a 16 percent increase in its quarterly dividend, to 22 cents per share from the prior 19 cents. MasterCard also announced a new $4 billion share repurchase program.
STOCK SYMBOL: MA
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Dave & Buster's Entertainment (PLAY) – The company reported adjusted quarterly profit of 25 cents per share, beating estimates by 11 cents. The arcade and casual dining chain also saw revenue beat forecasts, and it raised its full-year revenue guidance.
STOCK SYMBOL: PLAY
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Western Digital (WDC) – Western Digital raised its fiscal second quarter revenue guidance to $4.75 billion from the prior $4.7 billion, and raised its earnings forecast. The hard disk drive maker cited more customer enthusiasm for its product mix and revenue from a new cross licensing agreement with Samsung, among other factors.
STOCK SYMBOL: WDC
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Pfizer (PFE) – Pfizer was hit with a record $107 million fine by British officials for an epilepsy drug price increase of as much as 2,600 percent. The drugmaker said it plans to appeal the decision, and said the price was actually 25 to 40 percent less than the equivalent drug from an alternate supplier.
STOCK SYMBOL: PFE
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Sony (SNE) – Sony plans to releases as many as six mobile phone gains in the upcoming fiscal year, as it tries to duplicate the success that rival Nintendo has seen with "Pokemon Go."
STOCK SYMBOL: SNE
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Starbucks (SBUX) – Starbucks will be unveiling more details about its new upscale "Reserve" coffee bars at an analyst meeting in New York on Wednesday.
STOCK SYMBOL: SBUX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple (AAPL) – The company said Apple Pay transactions are up 500 percent over a year ago, with apparel retailer Gap the latest to add the service. That's according to Apple executive Jennifer Bailey, speaking at a Recode event. And Apple Music subscriber rolls now total 20 million, compared with 17 million in September, according to a Billboard report.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Fitbit (FIT) – Fitbit is near a deal to buy rival fitness device maker Pebble, according to Bloomberg, although the report said a deal will focus on Pebble's software assets.
STOCK SYMBOL: FIT
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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 Wednesday December the 7th! :)
Submitted December 07, 2016 at 08:48AM by bigbear0083 http://ift.tt/2gTrKqf
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