Friday, January 13, 2017

Friday January 13th Pre-Market Stock Movers & News

Good morning traders of the r/StockMarket sub! Happy Friday the 13th to ya! Here are your pre-market stock movers & news for today-


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Frontrunning: January 13

  • Boeing Wins $22 billion order from Indian carrier SpiceJet: order for 205 aircraft includes purchase rights for 50
  • Yellen Sees No Serious Short-Term Obstacles for U.S. Economy: says inflation “pretty close” to Fed’s 2% target, doesn’t want to see banking regulations rolled back
  • AltaGas, WGL Said to Hold Talks on Merger Topping $5 Billion: WGL was said to be weighing a sale after Iberdrola interest; cos. supply natural gas to customers in North America
  • Anadarko Sells Eagle Ford Assets to Focus on Permian, Rockies: Sanchez, Blackstone pay $2.3b for properties in Texas; deal to help Anadarko boost investment in Delaware Basin
  • Fiat Rises as Investors Question VW Parallels in Cheating Charge: EPA says Fiat Chrysler used illegal software in 104,000 autos
  • Paris Prosecutors Open Probe Into Renault Diesel Emissions
  • Mnuchin Start Date Looks Iffy as Congress Scours Wall St. Past: Senate panel to provide seven-day notice for Mnuchin hearing
  • KKR to Buy Hitachi Koki for $1.3 Billion as Group Sheds Unit: Japanese conglomerate selling non-core units as it reorganizes
  • Pandora Media Rallies as Results Top Estimates, 7% Cut in Jobs Set: the world’s largest online radio service said 4Q results exceeded its forecast; co. eliminating jobs to boost efficiency
  • Sirius Chairman Said to Say Still Keen on Buying Pandora: NYP
  • Hon Hai, Sharp Considering LCD Plant in the U.S.: Nikkei
  • Coty May Eliminate Up to 210 Jobs in Switzerland: Bilan

STOCK FUTURES NOW:

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YESTERDAY'S MARKET HEAT MAP:

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YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

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THIS WEEK'S EARNINGS CALENDAR:

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EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(NONE)


ANALYST UPGRADES/DOWNGRADES THIS MORNING:

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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • BAC
  • JPM
  • WFC
  • NFLX
  • PNC
  • SPY
  • P
  • STRP
  • BLK
  • GME
  • WMS
  • APC
  • GS
  • FCAU
  • QQQ
  • UNG
  • WMT
  • GRUB
  • ELY
  • ABCO
  • AMZN
  • XLF
  • ZIOP
  • FRC
  • WATT

THIS MORNING'S STOCK NEWS MOVERS: BAC, BLK, CMCSA, NFLX, FB, P, MET, GOOGL, APC, BA, MBLY, WPX, Z

(source: cnbc.com)

Bank of America — The bank earned 40 cents per share for the fourth quarter, two cents a share above estimates. Revenue was slightly short of forecasts. BofA's results were helped by a sharp reduction in expenses.

STOCK SYMBOL: BAC

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BlackRock — The asset manager earned an adjusted $5.14 per share for the fourth quarter, 12 cents a share above estimates. Revenue was very slight below Street forecasts, but the firm was helped by lower expenses and a rush into low-cost ETFs. BlackRock also approved a 9 percent dividend hike and additional share repurchases.

STOCK SYMBOL: BLK

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Comcast — The NBCUniversal and CNBC parent's shares were upgraded to "buy" from "hold" at Deutsche Bank, saying the company would benefit from decreased regulation and tax reform.

STOCK SYMBOL: CMCSA

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Netflix — Netflix was upgraded to "hold" from "sell" at Deutsche Bank, which said it had based its "sell" rating on the stock being two years ahead of where it should be. However, it now sees better subscriber growth thanks to strength in international markets.

STOCK SYMBOL: NFLX

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Facebook — Raymond James upgraded Facebook to "strong buy" from "outperform," based continued strength in ad spending and improved results for advertisers, among other factors.

STOCK SYMBOL: FB

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Pandora Media — The online music service announced a seven percent workforce reduction and that its fourth quarter revenue will exceed its prior guidance. Pandora is seeing increases in both advertisements and paid subscribers, helping boost its results. Separately, the New York Post is reporting that SiriusXM is still interested in Pandora at the right price.

STOCK SYMBOL: P

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MetLife, Unum — The insurers both received approval from Florida's insurance commissioner to raise premiums for long term care insurance. The increases will be phased in over a three-year period and will then be guaranteed for an additional seven years.

STOCK SYMBOL: MET

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Alphabet — Alphabet confirmed that it has shut down its "Titan" project, an effort to provide internet service from drones. The Google parent shut down Titan early last year, although it has only now acknowledged the move.

STOCK SYMBOL: GOOGL

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Anadarko Petroleum — Anadarko is selling South Texas oil and gas assets to Sanchez Energy and Blackstone Group for $2.3 billion. The Wall Street Journal had reported back in October that such a deal was in the works.

STOCK SYMBOL: APC

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Fiat Chrysler — The company's shares are rebounding in overseas trading, after plunging Thursday on EPA accusations that its software allowed an improper level of emissions in its diesel vehicles. The automaker denied the allegations and said it would contest the EPA's findings.

STOCK SYMBOL: FCAU

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Boeing — Boeing received a 100-jet order from India-based budget airline SpiceJet. The carrier is buying Boeing's MAX 737 jet, with the deal including an option for 50 more.

STOCK SYMBOL: BA

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Mobileye — Mobileye was rated buy in new coverage at Jefferies, with the firm noting the maker of autonomous driving technology has favorable market positioning.

STOCK SYMBOL: MBLY

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WPX Energy — WPX will buy assets in the Permian basin for $775 million, with the oil and gas producer saying it would partly fund the purchase through an equity sale.

STOCK SYMBOL: WPX

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Zillow — Morgan Stanley downgraded the real estate website operator's stock to "equal weight" from "overweight," saying it appears fairly valued and that under current circumstances Zillow will find it difficult to generate further significant drivers.

STOCK SYMBOL: Z

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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 Friday the 13th! :)



Submitted January 13, 2017 at 08:54AM by bigbear0083 http://ift.tt/2jMh8M7

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