Good morning traders of the r/StockMarket sub! Happy Tuesday to y'alls! Here are your stock market movers & news on this Tuesday morning-
Frontrunning: August 8
- Tax Overhaul Effort Shaped by Debate Over Corporations (WSJ)
- Funds target 'unknown' stocks as Wall Street cuts analyst jobs (Reuters)
- GOP Plans Tax Compromise to Sidestep Democrats (BBG)
- Few expect Trump's 15-percent corporate tax rate: Deloitte survey (Reuters)
- Raid on Venezuelan Base Got Help From Active Officers (WSJ)
- Hackers demand million in ransom for stolen HBO data (AP)
- OPEC holds second day of compliance talks, to issue statement (Reuters)
- Time Inc misses revenue estimates as advertising sales slip (Reuters)
- Uber Chairman Says Travis Kalanick Won’t Return as CEO (WSJ)
- China says willing to pay the price for new North Korea sanctions (Reuters)
- Jacob Zuma’s Fate Hangs in Secret Parliament Vote (BBG)
- Vanguard breaks ranks to pay for analyst research (FT)
- ‘Gig Economy’ Companies Working Harder to Attract Employees (WSJ)
- Amid Trump’s Immigration Crackdown, More Mexicans Get Visas to Work in U.S. (WSJ)
- Tillerson in Thailand presses for more action on North Korea (Reuters)
- Brexit Is Quietly Strangling Science (BBG)
- China ride-hailing firm DiDi backs Uber rival Careem (Reuters)
- China's Trade Surplus Widens for Fifth Month as Imports Moderate (BBG)
- Mazda announces breakthrough in long-coveted engine technology (Reuters)
- Envision to sell ambulance business to KKR in $2.4 billion deal (Reuters)
- Nissan to sell its electric battery business to GSR Capital (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS WEEK'S GLOBAL ECONOMIC & POLICY CALENDAR:
(CLICK HERE FOR THIS WEEK'S GLOBAL ECONOMIC & POLICY CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($NVDA $VRX $SNAP $DIS $JCP $WB $TWLO $PCLN $ON $CVS $SINA $PLUG $M $TSN $NTES $YY $CBI $LITE $MAR $FDC)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($VRX $CVS $PLUG $KORS $W $IONS $ENDP $KITE $LNG $USCR $RL $NCLH $MNK $ZTS $VNTV $PDCE $LGIH $ACM $EBIX)
(CLICK HERE FOR THIS MORNING'S PRE-MARKET EARNINGS CALENDAR!)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #3!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #4!)
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)
THIS MORNING'S INSIDER TRADING FILINGS:
(CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!)
TODAY'S DIVIDEND CALENDAR:
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- VRX
- ENDP
- KORS
- TWLO
- DIS
- W
- FGEN
- CVS
- ESPR
- IONS
- EBIX
- LC
- RBA
- NEOS
- DF
- PCLN
- SEE
- ZTS
- MTLS
- THC
- DEPO
- PAA
- CAR
- TWOU
- VIRT
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
CVS Health – CVS earned an adjusted $1.33 per share for its latest quarter, two cents a share above estimates. Revenue also topped forecasts, boosted by strong performances in its specialty pharmacy and benefits management businesses.
STOCK SYMBOL: CVS
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Time Inc. – The magazine publisher beat estimates by two cents a share, with adjusted quarterly profit of 13 cents per share. Revenue missed forecasts on a drop in ad sales. Time also announced a new cost-cutting initiative aimed at slashing up to $600 million in expenses over the next three to four years.
STOCK SYMBOL: TIME
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Norwegian Cruise Line – The cruise line operator earned an adjusted $1.02 per share for the second quarter, five cents a share above estimates. Revenue also beat forecasts. Norwegian said the current booking environment is among the strongest it's seen in recent history.
STOCK SYMBOL: NCLH
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Wayfair – The online home furnishings retailer reported an adjusted quarterly loss of 26 cents per share, 20 cents a share smaller than analysts had anticipated. Revenue beat forecasts as Wayfair saw a significant jump in the number of active users.
STOCK SYMBOL: W
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Michael Kors – The luxury goods seller earned 80 cents per share for its latest quarter, well above estimates of 62 cents a share. Revenue beat forecasts, as same-store sales fell 5.9 percent compared to forecasts of a nine percent drop, and Kors also raised its full-year forecast.
STOCK SYMBOL: KORS
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Valeant Pharmaceuticals – The drugmaker reported a second quarter loss and cut its 2017 revenue guidance. The company said it is continuing to reduce debt and resolve legacy issues.
STOCK SYMBOL: VRX
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ADP — Bill Ackman's Pershing Square said it would nominate Ackman and two others to the board of the payroll processing company. ADP had said that Pershing was previously seeking five seats on the board, and now says it will evaluate the nominees now that it has specific names, although it believes its current board has "the right balance of leadership continuity and fresh perspectives."
STOCK SYMBOL: ADP
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CBS – CBS reported adjusted quarterly profit of $1.04, six cents a share above estimates. Revenue also topped forecasts. CEO Les Moonves said the company is positioned for an even better year in 2018, and that the company has had an enthusiastic response to its upcoming fall TV schedule.
STOCK SYMBOL: CBS
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Twilio – Twilio lost five cents per share for its latest quarter, smaller than the 11-cent loss that Wall Street analysts were anticipating. The cloud communications company's revenue also beat forecasts, despite the loss of ride-sharing service Uber as a customer.
STOCK SYMBOL: TWLO
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LendingClub – LendingClub reported an adjusted quarterly loss of one cent per share, matching estimates, while the online lender's revenue beat forecasts. The company also gave upbeat revenue guidance for the current quarter and the full year, with loan originations up from a year ago.
STOCK SYMBOL: LC
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Avis Budget – Avis Budget missed estimates by 25 cents with adjusted quarterly profit of 30 cents per share. The car rental company's revenue fell short of forecasts, as well. The company's full-year earnings outlook also falls largely short of Street projections. Avis Budget is being affected in part because of lower used car prices and higher fleet costs.
STOCK SYMBOL: CAR
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Marriott – Marriott came in 11 cents a share ahead of estimates, with adjusted quarterly profit of $1.13 per share. The hotel chain's revenue also above forecasts. Marriott's current-quarter guidance is being impacted by flat North American revenue, but its full-year guidance is still above consensus forecasts.
STOCK SYMBOL: MAR
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Tenet Healthcare – Tenet reported a loss of 17 cents per share for its latest quarter, one cent a share wider than anticipated. The hospital operator's revenue fell shy of forecasts. It also cut its full-year guidance, as it weathers the impact of a drop in patient volume.
STOCK SYMBOL: THC
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Citigroup – Citi will pay $130 million to settle a Libor rigging lawsuit, in which Citi and banking rivals were accused of conspiring to manipulate that benchmark interest rate. The bank does not admit wrongdoing in agreeing to the settlement.
STOCK SYMBOL: C
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Wells Fargo – Wells Fargo is facing yet another controversy, according to the New York Times. The paper said the bank is facing new regulatory scrutiny for allegedly not refunding insurance money owed to customers who paid off car loans early.
STOCK SYMBOL: WFC
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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 a great trading day ahead here on this Tuesday, August the 8th! :)
Submitted August 08, 2017 at 09:05AM by bigbear0083 http://ift.tt/2vfLStu
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