Good morning traders of the r/StockMarket sub! Happy first trading day of the month of May to ya! Here are your stock market movers & news on this Monday morning-
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Frontrunning: May 1
- Congress Inks Spending Deal That Jettisons Trump Priorities (BBG)
- Trump Pushes for Vote on Health Bill but Hurdles Remain (WSJ)
- Apple’s Cash Hoard Set to Top $250 Billion (WSJ)
- Hamas to soften stance on Israel, Muslim Brotherhood in policy document (Reuters)
- UPS Tries a New Twist on Surge Pricing (WSJ)
- How Does Trump’s Tax Plan Help the Middle Class? ‘Honestly, We Don’t Know’ (BBG)
- French voters skeptical Macron, Le Pen have answers on key issues (Reuters)
- Trump Leaves Open Possibility of Military Action Against North Korea (WSJ)
- U.S.-backed militias oust Islamic State from Syria's Tabqa old city (Reuters)
- Puerto Rico Bondholders Reject Island's Restructuring Offer (BBG)
- Hackers Ran Through Holes in Swift’s Network (WSJ)
- Buffett's $86 Billion Cash Pile Has Some Dreaming of a Huge Deal (BBG)
- Twitter Teams Up With Bloomberg for Streaming News (WSJ)
- Oil's Big American Glut Is Resting Elsewhere (BBG)
- Markdowns in Manhattan, While Costs Grow in Brooklyn (BBG)
- China Crackdown to Be Intensified After Xi Meeting, Nomura Says (BBG)
- U.S. Tech's Giant Money Machine Is On Full Display This Week (BBG)
- Wall Street Wellness Programs Are Being Used to Drive Sales (BBG)
- Bond Traders' Inflation Bets Have New Life, Just in Time for Fed (BBG)
- At least 27 hurt in turbulence on Aeroflot Moscow-Bangkok flight (Reuters)
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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FRIDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S/NEXT WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
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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:
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THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
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THIS MORNING'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- NTRP
- TWTR
- DISH
- DO
- FSLR
- BC
- SNDR
- AOS
- HTA
- FE
- TVTY
- GDXJ
- RDUS
- NUGT
- RNST
- CAH
- ATVI
- SNCR
- AIV
- UWT
- AMD
- SIVB
- COLM
- BJRI
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Dish Network — The satellite TV company earned 76 cents per share for its latest quarter, 7 cents above estimates. However, revenue was below forecasts, and the company also reported that broadband and net pay-TV subscribers declined.
STOCK SYMBOL: DISH
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Newell Brands — The consumer products maker was downgraded to market perform from outperform at Wells Fargo, which points to a difficult U.S. macroeconomic environment, lower than expected first-quarter earnings and exposure to the pressured shopping-mall market.
STOCK SYMBOL: NWL
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Dunkin' Brands — The restaurant chain was upgraded to outperform from sector perform by RBC, which notes the potential for cash being returned to shareholders, among other positive factors.
STOCK SYMBOL: DNKN
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Twitter — CEO Jack Dorsey bought 574,000 more shares of the company, according to an SEC filing. Dorsey has now purchased 1 million Twitter shares this year.
STOCK SYMBOL: TWTR
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Cardinal Health — The drug distributor reported adjusted quarterly profit of $1.53 per share, 7 cents above estimates, though revenue came in somewhat below Street forecasts. The company did give a full-year earnings outlook that falls largely above consensus forecasts.
STOCK SYMBOL: CAH
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Valeant Pharmaceuticals — The drugmaker announced that it has scaled down its debt load by an additional $220 million, after the sale of three skincare brands closed earlier than anticipated.
STOCK SYMBOL: VRX
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Fitbit — The fitness device maker responded to reports that one of its devices had exploded, saying a third party firm had tested the device and concluded that the Fitbit Flex 2 in question did not malfunction. The company said the test showed that external forces caused damage.
STOCK SYMBOL: FIT
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BHP Billiton — BHP shareholders in Australia will be meeting with activist investor Elliott Management this week, according to Reuters, as the firm pushes for changes at the world's biggest mining company.
STOCK SYMBOL: BHP
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Las Vegas Sands , Wynn Resorts — Casino revenue in Macau rose 16.3 percent in April, near the high end of analyst estimates, possibly boosting stocks of companies that operate casinos there.
STOCK SYMBOL: LVS
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STOCK SYMBOL: WYNN
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Tribune Media — Tribune now has a possible additional suitor. The Wall Street Journal is reporting that 21st Century Fox is joining the fray in partnership with Blackstone. Sinclair Broadcast Group and Nexstar Media are also said to be in the bidding for the TV station operator, with final bids due this Thursday.
STOCK SYMBOL: TRCO
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Western Digital — Jefferies downgraded the hard-drive maker to hold from buy, saying Western Digital's outlook is already "as good as it gets" and that its upbeat prior quarter and guidance are reflected in the stock's price.
STOCK SYMBOL: WDC
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UPS — UPS air maintenance workers say they will seek clearance to strike if a three-year contract dispute is not resolved. The union representing the works is taking its case directly to shareholders, running an ad ahead of Thursday's annual meeting.
STOCK SYMBOL: UPS
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Caterpillar — Caterpillar got a bullish mention in this weekend's Barron's, which said the heavy equipment maker's shares could rise another 20 percent this year. The paper said Caterpillar could be the best-positioned company in the U.S. to benefit from President Donald Trump's agenda.
STOCK SYMBOL: CAT
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Alphabet — The company's Google unit plans to challenge amended tax assessments in Australia, although it did not specify how much the country is demanding.
STOCK SYMBOL: GOOGL
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Ocwen Financial — Ocwen has been sued by the state of Massachusetts, which claims that the mortgage servicing company has engaged in abusive practices. Ocwen said it was reviewing the charges and that it intends to vigorously defend itself.
STOCK SYMBOL: OCN
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Anthem — Anthem said it was evaluating its options after an appeals court upheld a lower court decision blocking its proposed merger with fellow health insurer Cigna.
STOCK SYMBOL: ANTM
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Coach — The luxury goods maker is considering a bid for shoemaker Jimmy Choo, according to Britain's Telegraph newspaper. Coach failed in an attempt to buy Burberry last year.
STOCK SYMBOL: COH
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Walgreens — Walgreens is reportedly trying to force the FTC's hand in its attempt to win approval for the planned purchase of rival drug store chain Rite Aid. The New York Post reports that Walgreens is expected to give notification that it has supplied regulators with all the information they need to decide on a deal. Such an action kicks off a 90-day period in which the FTC must either approve the deal, or file suit to block it.
STOCK SYMBOL: WBA
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AmerisourceBergen — The drug distributor announced a new five-year deal with pharmacy benefit management company Express Scripts to supply pharmaceuticals for Express Scripts customers. A prior deal between the two was set to expire this September.
STOCK SYMBOL: ABC
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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 Monday, May the 1st! :)
Submitted May 01, 2017 at 08:54AM by bigbear0083 http://ift.tt/2pOzzTb
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