Good morning traders of the r/StockMarket sub! Happy first trading day of March! Here are your stock market movers & news for today-
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Frontrunning: March 1
- Stocks Jump as Investors Eye March Rate Increase, Trump Speech (WSJ)
- A softer side of Trump (Reuters)
- Trump’s Softer Tone Masks Hard Road Ahead for Agenda in Congress (BBG)
- President Asks Lawmakers to Unite Behind His Agenda (WSJ)
- Left Out of Trump's Big Speech, Russia Wonders What It Means (BBG)
- EU to Reject Trump's Protectionism at Summit, Draft Shows (BBG)
- France's Fillon stays in presidential race despite deepening legal probe (Reuters)
- Oil inches up as OPEC sticks to output pledges (Reuters)
- Investors Clamor for U.S. Corporate Bonds as Issuers Back Away (BBG)
- Snap, on Cusp of IPO, Looks Set for Strong Debut (WSJ)
- A Delivery Man Just Became One of the Richest People in China (BBG)
- Foxconn Is Bidding for Toshiba’s Chip Business (WSJ)
- UK PM May faces House of Lords defeat over post-Brexit rights of EU nationals (Reuters)
- Ex-CIA spy held in Portugal over kidnap avoids extradition, will be freed (Reuters)
- In Mosul, Residents Rebuild as Iraqi Forces Fight Islamic State (WSJ)
- Euro-Area Manufacturing Picks Up as Inflation Pressures Build (BBG)
- Old School Trading Pits to Remain After High-Tech Exchange Deal (BBG)
- South Korea, U.S. begin large-scale annual drills amid North Korea tension (Reuters)
- China’s Richest Win, Mexican Billionaires Lose With Trump Effect (BBG)
- Saudi Arabia Bulks Up in Asia to Boost Appeal Before Oil IPO (BBG)
- U.S. general wants Russia to open up major exercise to observers (Reuters)
- Trump's Golf Courses Would Benefit From His Water-Rule Rollback (BBG)
- S&P 500 Could Top 4,000 in Eight Years and It’s Not Because of Trump (BBG)
- Best Buy posts unexpected drop in same-store sales, shares slide (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES PAGE #1!)
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THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- SPY
- BBY
- MYL
- PANW
- SRPT
- UVXY
- WGBS
- IBB
- AMD
- CRM
- WTW
- DLTR
- KERX
- LOW
- MU
- CROX
- BAC
- IWM
- OMER
- AMBA
- DGAZ
- TRCO
- DIA
- LXRX
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Lowe's — The home improvement retailer reported an extremely upbeat quarter, much as its larger rival Home Depot did last month. Lowe's earned an adjusted 86 cents per share for the fourth quarter, 7 cents a share above estimates. Revenue beat forecasts, and the comparable-store sales increase of 5.1 percent was more than double consensus estimates. Lowe's also forecast 2017 earnings of $4.64 per share, compared to estimates of $4.53 a share.
STOCK SYMBOL: LOW
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Best Buy — The electronics retailer reported adjusted quarterly profit of $1.95 per share, beating estimates of $1.67 a share. Revenue was slightly below forecasts, and Best Buy also announced a 21 percent dividend hike and a $5 billion share repurchase program. The stock is under pressure, however, after Best Buy gave a weaker-than-expected earnings and sales outlook for the current quarter.
STOCK SYMBOL: BBY
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Vitamin Shoppe — The nutritional products retailer fell 4 cents a share shy of estimates, with adjusted quarterly profit of 36 cents per share. Revenue missed estimates, as well. Comparable-store sales dropped 2.2 percent, a bigger decline than the 1.8 percent anticipated by analysts. The company called its results disappointing in a difficult environment but said its initiatives should lead to improvement in the future.
STOCK SYMBOL: VSI
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Alere — The drugmaker said it would be unable to file its annual report in a timely manner, due to a review of revenue recognition at its Korean and Japanese locations. The review could impact accounting for certain transactions over the past few years, the company said.
STOCK SYMBOL: ALR
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Micron Technology — Goldman Sachs upgraded the chipmaker's shares to "buy" from "neutral," saying the company will benefit from increases in memory chip pricing, among other factors.
STOCK SYMBOL: MU
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Salesforce.com — The business software maker beat estimates by 4 cents a share, with adjusted quarterly profit of 3 cents per share. Revenue was in line with Street forecasts, but the company did predict current-quarter profit below Street estimates. Overall, Salesforce has been seeing strong demand for its cloud-based software.
STOCK SYMBOL: CRM
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Time Inc. — The publisher of Sports Illustrated, Fortune, and other magazines has asked suitors to submit final acquisition bids by next week, according to a Bloomberg report.
STOCK SYMBOL: TIME
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Tribune Media — The broadcasting company has been approached by rival Sinclair Broadcasting about a possible combination, according to a Reuters report.
STOCK SYMBOL: TRCO
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Intel — Bernstein downgraded the chip maker's shares to "underperform" from "market perform," in a report that says "the world seems to be moving against Intel's strengths."
STOCK SYMBOL: INTC
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Etsy — Etsy lost 19 cents per share, compared to forecasts of a 2 cents per share profit. The online craft seller did see revenue come in above estimates. Etsy is adding users and seeing revenue grow, but its expenses are increasing, as well.
STOCK SYMBOL: ETSY
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Ambarella — Ambarella reported adjusted quarterly profit of 92 cents per share, 18 cents a share above estimates. Revenue exceeded forecasts, as well. The chipmaker gave weak current-quarter revenue guidance, however. Ambarella — a key supplier to camera maker GoPro — has been hurt by declines in the wearable sports camera market.
STOCK SYMBOL: AMBA
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Palo Alto Networks — Palo Alto came in 1 cent a share above estimates, with adjusted quarterly profit of 63 cents per share. The cybersecurity company's revenue missed forecasts, however, and it gave weaker-than-expected current-quarter revenue guidance. CEO Mark McLaughlin said the company has had what he calls "execution challenges."
STOCK SYMBOL: PANW
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Weight Watchers — Weight Watchers earned 20 cents per share for its latest quarter, 2 cents a share above estimates. Revenue missed forecasts. The diet plan provider did give a strong 2017 forecast, however, after its subscriber rolls increased by 10 percent during its most recent quarter.
STOCK SYMBOL: WTW
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Alphabet — Alphabet's YouTube operation announced plans for a live television service to be unveiled later this year for $35 per month. The service will feature the four major networks as well as additional well-known cable channels.
STOCK SYMBOL: GOOGL
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Veeva — Veeva reported adjusted quarterly profit of 22 cents per share, a 5 cent a share beat. Revenue also topped forecasts but the provider of software for drug companies also gave a forecast for the year that falls partly below expectations, pressuring its shares.
STOCK SYMBOL: VEEV
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Hershey — Hershey will cut its workforce by 15 percent, mostly outside the United States. Hershey is implementing a plan designed to grow its flagship candy business and is expanding its snacks lineup.
STOCK SYMBOL: HSY
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Las Vegas Sands, Wynn Resorts — These are among the casino stocks likely to benefit following reports that Macau gaming revenue rose for the seventh month in a row and hit a two-year high during February.
STOCK SYMBOL: LVS
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STOCK SYMBOL: WYNN
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Craft Brew Alliance — The beer maker was sued by two California residents who said they were fooled into believing the company's Kona beer was made in Hawaii.
STOCK SYMBOL: BREW
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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, March 1st! :)
Submitted March 01, 2017 at 08:58AM by bigbear0083 http://ift.tt/2msRBJ5
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