Good morning traders of the r/StockMarket sub! Happy Thursday to y'alls! Here are your stock market movers & news on this Thursday, August 3rd, 2017-
Frontrunning: August 3
- Bank of England, staying on hold, hints again at 2018 rise (Reuters)
- Angry and inspired: Democrats train new wave of candidates (Reuters)
- Is Gary Cohn a Good Pick to Head the Fed? (BBG)
- Russia Warns of Worsening U.S. Ties, Criticizes Trump ‘Weakness’ (BBG)
- Russians Portray Washington as Mired in Chaos (WSJ)
- Japan PM names safe hands in cabinet reshuffle but makes maverick top diplomat (Reuters)
- Avon CEO to Step Down Amid Activist Investor Pressure (WSJ)
- Trump, frustrated by Afghan war, suggests firing U.S. commander (Reuters)
- ‘London Whale’ Has a New Target: J.P. Morgan (WSJ)
- As Venezuela Spirals, U.S. Oil Confronts a $10 Billion Threat (BBG)
- Commodity Firms Reap Rewards of Bond Upgrades (WSJ)
- The Oil Market's Hidden Signals Show U.S. Producers Are Hedging Again (BBG)
- Facebook Drowns Out Fake News With More Information (WSJ)
- Americans Keep Crushing It With Their 401(k)s (BBG)
- A Baccarat Binge Helped Launder the World’s Biggest Cyberheist (BBG)
- A Robot Can Be a Warehouse Worker’s Best Friend (WSJ)
- July's U.S. Labor-Market Numbers Will Probably Look Familiar (BBG)
- China 'coordinating with U.S.' in South China Sea search for sailor (Reuters)
- Food Fight: Brands Clash Over Nutrition Facts Labels (WSJ)
- Plans to Rethink America’s Malls Can’t Keep Up With Retail’s Collapse (BBG)
- Landmark Qatar Law to Grant Permanent Residency to Expats (BBG)
- New White House chief of staff assures attorney general his job is safe (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:
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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:
- FIT
- HIMX
- REGN
- TSLA
- YELP
- TEVA
- TTWO
- CTSH
- AET
- SQ
- ATVI
- GPRO
- MOH
- OCLR
- SYMC
- WDC
- RCL
- ZG
- DISH
- YUM
- SWIR
- CSII
- KMT
- MET
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Yum Brands – The restaurant operator reported adjusted quarterly profit of 68 cents per share, seven cents a share above estimates. Revenue also beat forecasts. Sales were higher at Taco Bell and KFC, although they fell at Pizza Hut. Worldwide same-store sales were slightly above forecasts.
STOCK SYMBOL: YUM
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Dish Network – The satellite TV provider earned an adjusted 69 cents per share, six cents a share below estimates. Revenue missed expectations, but its net subscriber losses were smaller than analysts had anticipated.
STOCK SYMBOL: DISH
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Aetna – The insurance company scored a sizable beat, earning an adjusted $3.42 per share for the second quarter compared to the consensus estimate of $2.35 a share. Revenue also topped forecasts, with the company benefiting from strong performance from its core businesses, as well as cost controls.
STOCK SYMBOL: AET
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Teva Pharmaceuticals – The drugmaker fell four cents a share short of estimates, with adjusted quarterly profit of $1.02 per share. Revenue fell short of expectations, as well. Teva cites weaker-than-expected performance in its U.S. generics business, among other factors.
STOCK SYMBOL: TEVA
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Regeneron – Regeneron earned an adjusted $4.17 per share for its latest quarter, a full dollar a share above estimates. Revenue exceeded forecasts, as well. The drugmaker's profits were boosted by strong sales of its eye treatment Eyelea.
STOCK SYMBOL: REGN
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Tesla - The electric car maker reported an adjusted quarterly loss of $1.33 per share, smaller than the loss of $1.82 a share that analysts were anticipating. Revenue beat consensus estimates, and the company said it had more than 1,800 daily reservations for its new Model 3. Tesla did see negative cash flow of $1.1 billion during the quarter, with a little more than $3 billion in cash still on hand at the end of the quarter.
STOCK SYMBOL: TSLA
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Fitbit – Fitbit reported an adjusted quarterly loss of eight cents per share for its latest quarter, three cents a share smaller than consensus forecasts. The wearable fitness device maker's revenue beat estimates, thanks to increased demand for newer models and higher prices.
STOCK SYMBOL: FIT
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Wyndham Worldwide – Wyndham will split its hotel and timeshare businesses into two separate publicly traded companies, echoing moves in recent years by several rivals. The move is expected to be completed during the first half of 2018.
STOCK SYMBOL: WYN
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Square - Square lost four cents per share for its latest quarter, one cent a share smaller than the five-cent loss forecast by analysts. The mobile payments company's revenue came in above estimates, and Square also raised the lower end of its full-year revenue guidance. Results were helped by a 33 percent jump in gross payment volume.
STOCK SYMBOL: SQ
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IAC/Interactive - IAC beat estimates by 10 cents a share, with adjusted quarterly profit of 74 cents per share. The internet business conglomerate also saw revenue beat forecast. IAC was helped by revenue increases at its Match Group dating site unit, as well as Home Advisor.
STOCK SYMBOL: IAC
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AIG – AIG reported adjusted quarterly profit of $1.53 per share, beating estimates of $1.20 a share. The profit beat comes as new CEO Brian Duperrault continues a makeover of the insurance company, shedding unprofitable lines and focusing on business-related property-casualty insurance.
STOCK SYMBOL: AIG
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Cheesecake Factory – Cheesecake Factory beat estimates by two cents a share, with adjusted quarterly profit of 78 cents per share. The restaurant chain's revenue matched forecasts. Comparable-restaurant sales fell 0.5 percent, breaking a 29-quarter streak of growth. The company also gave current-quarter earnings guidance that was below consensus forecasts.
STOCK SYMBOL: CAKE
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Invesco – Invesco is in talks to buy the investment management business of Guggenheim Partners, according to Reuters. Invesco is already the world's fourth largest exchange-traded fund (ETF) provider, and the deal would reportedly include Guggenheim's ETF business. Talks are said to be fluid, however, and a deal is not close to being finalized.
STOCK SYMBOL: IVZ
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MetLife – MetLife earned an adjusted $1.30 per share for its latest quarter, two cents a share above estimates. Revenue beat forecasts, as well. Stronger underwriting across all the insurance company's businesses helped its latest results. Separately, MetLife's "too big to fail case" was put on hold as a court waits for the Trump administration to articulate its stance on that designation. Last year, the Obama administration had appealed a ruling that the "too big to fail" label was wrongly applied to MetLife.
STOCK SYMBOL: MET
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Western Digital – The hard disk drive maker said it plans to invest in a new memory chip production line with partner Toshiba, despite Toshiba's statement that it would go ahead on its own. The two sides have y et to reach an agreement about the planned investment in the new line.
STOCK SYMBOL: WDC
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Symantec – The maker of cybersecurity software earned an adjusted 33 cents per share for its latest quarter, two cents above estimates, with revenue roughly in line. Symantec also announced the sale of its website security business for $950 million plus a 30 percent stake in buyer DigiCert.
STOCK SYMBOL: SYMC
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FULL 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.
DISCUSS!
What is on everyone's radar for today's trading day ahead here at r/StockMarket?
I hope you all have an awesome trading day ahead here on this Thursday, August the 3rd! :)
Submitted August 03, 2017 at 09:05AM by bigbear0083 http://ift.tt/2u7Egdt
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