Friday, March 17, 2017

3.17.17 Friday Stock Market Movers & News: TIF, ADBE, CAT, VRX, NFLX, AAPL, BA, C, GOOS, NOK, TXRH​

Good morning traders of the r/StockMarket sub! Happy St. Patrick's Day to ya! Here are your stock market movers & news for today-


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Frontrunning: March 17

  • Oil Set for First Weekly Gain This Month (BBG)
  • Trump’s Budget Likely to See Major Rewrite in Congress (WSJ)
  • Trump, Germany's Merkel to hold first face-to-face meeting at White House (Reuters)
  • Tillerson Doesn’t Rule Out Preemptive Strike on North Korea (BBG)
  • Tillerson's email alias 'entirely proper': Exxon attorneys (Reuters)
  • Trump May Not Want Immigrants, but Rust Belt Mayors Do (BBG)
  • Gorsuch Sided With Illegal Immigrants in Criticism of Agencies (WSJ)
  • Bob Diamond Returns to U.K. Banking With Panmure Buy (WSJ)
  • As Many Midwest Cities Slump, Sioux Falls Soars (WSJ)
  • Euro zone lifted as ECB joins central bank trend (Reuters)
  • Nintendo to Double Production of Switch Console (WSJ)
  • Budget Cuts to Meals on Wheels Could Hurt Veterans, Raise Costs (BBG) '* Anonymous' Joins Hacker Army Targeting Central Banks for Cash (BBG)
  • Berlin: Merkel's call with Chinese president not linked to her U.S. trip (Reuters)
  • China to build on disputed shoal in South China Sea (Reuters)
  • VW’s Rough Patch Spells Opportunity for Investors (WSJ)
  • Sirens blare as Japan, fearing North Korea, holds first missile drill (Reuters)
  • Tesla’s $169 Million Battery Play Is Just the Beginning (BBG)
  • Philippines tells EU lawmakers to butt out after criticism of drugs war (Reuters)
  • Iraqi forces advance into Mosul's Old City, Nuri mosque in sight (Reuters)
  • Canada Goose Vaults Reiss From Aspiring Writer to Millionaire (BBG)
  • Oklahoma lawmaker, found with boy in motel, charged with prostitution (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:

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THIS WEEK'S IPO'S:

(CLICK HERE FOR THIS WEEK'S IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

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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!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

NONE.


THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • NFLX
  • TIF
  • ADBE
  • CRBP
  • TSLA
  • OMER
  • VUZI
  • AVXS
  • GLBS
  • SBLK
  • ALB
  • PSEC
  • CMG
  • PEP
  • FB
  • JNUG
  • QQQ
  • XLV
  • SEAS
  • BABA
  • APC
  • IYT
  • C
  • HSY
  • SALT

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Tiffany – The luxury goods retailer reported adjusted quarterly profit of $1.45 per share, seven cents a share above estimates. Revenue also beat forecasts. Same-store sales were unchanged, better than the 0.9 percent decline predicted by analysts. Tiffany also gave an upbeat outlook for 2017.

STOCK SYMBOL: TIF

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Adobe Systems – Adobe reported adjusted quarterly profit of 94 cents per share, seven cents a share above estimates. The software maker's revenue also came in above forecasts, thanks to increasing demand for its Creative Cloud software suite. Adobe also gave a stronger-than-expected current-quarter forecast.

STOCK SYMBOL: ADBE

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Caterpillar – Caterpillar hired former U.S. Attorney General William Barr as outside counsel to help in connection with an Internal Revenue Service probe of its import and export practices.

STOCK SYMBOL: CAT

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Valeant Pharmaceuticals — Hedge fund ValueAct Capital raised its stake in Valeant, a few days after Bill Ackman's Pershing Square sold off its Valeant stake. A Securities and Exchange Commission filing shows that ValueAct boosted its stake to 5.2 percent from 4.4 percent, although its holdings are only a fraction of what it once held in the company. ValueAct has owned varying amounts of Valeant shares since 2006.

STOCK SYMBOL: VRX

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Netflix – Netflix is rated "outperform" in new coverage at Bernstein, which said subscription video on demand is a vastly superior model for video entertainment and that Netflix is the "anchor" of this trend.

STOCK SYMBOL: NFLX

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AstraZeneca – AstraZeneca said the Food and Drug Administration (FDA) had rejected its new drug designed to treat high potassium level. The drugmaker said the complete response letter from the FDA came after the inspection of a manufacturing facility, and that it is working with the FDA to resolve its concerns.

STOCK SYMBOL: AZN

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Apple – Apple is building two more new research and development centers in China, in addition to two it had announced previously. The four facilities are expected to open later this year.

STOCK SYMBOL: AAPL

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Boeing – Boeing signed a $3.4 billion government contract for its Apache attack helicopters.

STOCK SYMBOL: BA

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Citigroup – The bank issued a warning to customers about a phishing email that's been making the rounds among its customers.

STOCK SYMBOL: C

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Canada Goose – Canada Goose is on watch for a second day, after a mixed debut. The outerwear maker's stock finished its first day of trading at $16.08, well above the IPO price of $12.78 but well below its initial trade price of $18 per share.

STOCK SYMBOL: GOOS

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Nokia — Nokia is splitting its Mobile Networks division in two as part of a structural change. One unit will retain the Mobile Networks name, the other will be called Global Services.

STOCK SYMBOL: NOK

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KKR – The private-equity firm is buying USI Insurance Services from Canada's Onex Corp. for $4.3 billion.

STOCK SYMBOL: KKR

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Texas Roadhouse – The restaurant chain's stock was upgraded to "buy" from "neutral" at BTIG, based on valuation and a belief in the company's growth prospects.

STOCK SYMBOL: TXRH

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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, March the 17th! :)



Submitted March 17, 2017 at 09:10AM by bigbear0083 http://ift.tt/2nMXRId

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