Good morning traders of the r/StockMarket sub! Happy Groundhog Day! Here are your stock movers & news for today-
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Frontrunning: February 2
- Futures fall as Fed gives no clarity on next rate hike (Reuters)
- Yellen Eyes Commercial Real-Estate Froth as Fed Weighs ’17 Risks (BBG)
- Trump Slams ‘Dumb Deal’ With Ally Australia After Testy Call (BBG)
- For Many Firms, Trump Dominates Earnings Calls (WSJ)
- Trump’s Blue-Collar Populism Is Dividing Unions (BBG)
- Trump's defense chief, in Seoul, takes stock of North Korea threat (Reuters)
- Tillerson’s Vow to Keep Away From Exxon Runs Into a World of Oil (BBG)
- Deutsche Bank Posts Loss as Litigation Costs Bite (WSJ)
- Syrian army says it will press on against Islamic State near Aleppo (Reuters)
- Seven Cases Where the Supreme Court Sided With Neil Gorsuch (And One Time It Didn’t) (BBG)
- Factory Skills Gap Could Spell Trouble for Trump’s Jobs Plan (BBG)
- Here's a Glimpse of the Global Trade Carnage From a U.S. Border Tax (BBG)
- Fed’s Bonds Are Growing Up, and That Means Less Economic Support (WSJ)
- U.S. military probing more possible civilian deaths in Yemen raid (Reuters)
- Europe must remain committed to openness: Draghi (Reuters)
- Who Will Pay for San Francisco's Tilting, Sinking Millennium Tower? (BBG)
- Japan considers buying more U.S. energy as Abe prepares to meet Trump (Reuters)
- Sony Says It Won’t Sell Movie Unit (WSJ)
- Snap's secrecy frustrates banks' pursuit of IPO glory (Reuters)
STOCK FUTURES NOW:
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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 WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
(CLICK HERE FOR THIS MORNING'S PRE-MARKET EARNINGS CALENDAR!)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES PAGE #1!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES PAGE #2!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES PAGE #3!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES PAGE #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES PAGE #2!)
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- FB
- TWTR
- AGN
- CRUS
- EW
- QRVO
- UPS
- BUD
- CARA
- SYMC
- LCI
- INVN
- MLNX
- NXPI
- TSCO
- NOV
- SBUX
- OKE
- PBI
- LC
- AGNC
- OKS
- JAKK
- MET
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Merck — The Dow component matched estimates with adjusted quarterly profit of 89 cents per share, while revenue was slightly below forecasts. Merck's results were impacted by a stronger dollar, as well as the loss of market exclusivity on certain drugs.
STOCK SYMBOL: MRK
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Facebook — Facebook reported adjusted quarterly profit of $1.41 per share, 10 cents above estimates, while revenue also came in above forecasts. The social media giant continues to benefit from gaining traction in mobile use and video. Separately, Facebook was ordered to pay $500 million to video game publisher ZeniMax, which had accused Facebook of stealing its virtual reality technology.
STOCK SYMBOL: FB
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Becton Dickinson — The medical supplies maker reported adjusted quarterly profit of $2.33 per share, 21 cents above estimates. Revenue also beat forecasts, and the company raised its full-year 2017 earnings outlook as well.
STOCK SYMBOL: BDX
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Cigna — The insurance company beat forecasts by 13 cents with adjusted quarterly profit of $1.87 per share, with revenue also above forecasts. The company's 2017 earnings outlook does fall below consensus estimates, but Cigna said it is pleased with the positive momentum it's seeing for the year ahead.
STOCK SYMBOL: CI
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Macy's — The retailer's shares are higher following a New York Post report that CEO Terry Lundgren is open to friendly buyout offers, hoping to avoid a board shakeup that activist investor Starboard Value is demanding.
STOCK SYMBOL: M
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Delphi Automotive — The auto parts maker reported adjusted quarterly profit of $1.83 per share, 23 cents above estimates, while revenue also exceeded forecasts. Delphi is benefiting from its increasing involvement in self-driving car technology.
STOCK SYMBOL: DLPH
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Estee Lauder — The beauty products maker beat estimates by 5 cents with adjusted quarterly profit of $1.22 per share, but revenue was below Street forecasts as well as its full-year 2017 outlook.
STOCK SYMBOL: EL
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Abercrombie & Fitch — Abercrombie promoted merchandising chief Fran Horowitz to chief executive officer. A team led by Executive Chairman Arthur Martinez had led the teen apparel retailer since the departure of Michael Jeffries in 2014.
STOCK SYMBOL: ANF
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Allstate — Allstate reported adjusted quarterly profit of $2.17 per share, well above estimates of $1.63, though the insurer's revenue was very slightly below Street forecasts. Allstate was helped by a decline in casualty losses.
STOCK SYMBOL: ALL
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MetLife — MetLife came in 6 cents shy of estimates with adjusted quarterly profit of $1.28 per share, and revenue also missed estimates. The insurance company's results were impacted by losses in its hedging program amid a rise in interest rates near the end of the year.
STOCK SYMBOL: MET
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Edwards Lifesciences — Edwards beat estimates by 3 cents, reporting adjusted quarterly profit of 75 cents per share. The medical equipment maker also beat on the top line, and gave upbeat earnings guidance for the full year. Edwards is seeing significant growth for its heart valve replacement systems.
STOCK SYMBOL: EW
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Tractor Supply — The company reported quarterly profit of 94 cents per share, 2 cents above estimates, with revenue also beating forecasts. The retailer of farming and ranching supplies gave a mixed outlook for the full year, although it is seeing positive momentum in same-store sales after a string of declines.
STOCK SYMBOL: TSCO
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Shutterfly — Shutterfly fell 21 cents shy of estimates with quarterly earnings of $2.63, and the online photo service's revenue missed as well. The company also gave a weaker than expected outlook.
STOCK SYMBOL: SFLY
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Mead Johnson Nutrition — Mead Johnson is in talks to be bought by British consumer goods maker Reckitt Benckiser for $16.7 billion, or $90 per share. Both companies have confirmed the discussions, and Reckitt said it would finance the proposed deal with cash and debt.
STOCK SYMBOL: MJN
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Deutsche Bank — Deutsche Bank reported a bigger-than-expected loss for the final quarter of 2016, with the German bank failing to match the strong rebound in bond trading posted by its rivals.
STOCK SYMBOL: DB
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Nokia — Nokia posted better than expected profits for the fourth quarter. The maker of networking equipment was helped by cost cuts as well as the acquisition of Alcatel-Lucent.
STOCK SYMBOL: NOK
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Sony — Sony cut its full year profit outlook, following a $1 billion writedown for the company's movie business.
STOCK SYMBOL: SNE
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JPMorgan Chase — JPMorgan appointed business banking head Jennifer Piepszak as chief executive of its card services division.
STOCK SYMBOL: JPM
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Costco — The warehouse retailer reported a comparable store sales increase of 7 percent for January, beating consensus estimates of a 3.9 percent rise.
STOCK SYMBOL: COST
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Symantec — Symantec earned an adjusted 32 cents per share for its latest quarter, 4 cents above estimates, though the antivirus software maker's revenue was slightly below forecasts. Overall quarterly profit was down 34 percent over a year earlier on costs related to the acquisition of Blue Coat Systems last year.
STOCK SYMBOL: SYMC
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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 Thursday, February the 2nd! :)
Submitted February 02, 2017 at 08:36AM by bigbear0083 http://ift.tt/2kVqIgg
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