Good morning traders of the r/StockMarket sub! Happy FED Day to all of you! Here are your stock market movers & news on this Wednesday morning-
Frontrunning: September 20
- Fed Poised to Set Portfolio Reduction Plan in Motion (WSJ)
- Dollar close to 2015 lows as conflicted Fed prepares policy update (WSJ)
- The Risk of a New Economic Non-Order (El-Erian)
- A last, last chance: Republicans strain for Obamacare repeal (AP)
- McConnell Won’t Promise Obamacare Repeal Vote as Foes Mobilize (BBG)
- Jimmy Kimmel Rips Into GOP Health Bill for Failing ‘Kimmel Test’ (BBG)
- Stress at UN Not Shared on Wall Street as Stocks Set Records (BBG)
- Trump’s North Korea threat leaves Asia struggling to explain (AP)
- China offers support for strife-torn Venezuela at United Nations (Reuters)
- States Need $645 Billion to Pay Full Health-Care Costs (WSJ)
- Trump Aides Caught in Russia Probe Face Legal Bills and Paranoia (BBG)
- Police arrest high-ranking Catalan officials in raids (Reuters)
- Opioids on the Job Are Overwhelming American Employers (BBG)
- Russia's B&N Bank seeks bailout: central bank (Reuters)
- Toys ‘R’ Us Will Live Because Mattel and Hasbro Can’t Let It Die (BBG)
- From Russia with fuel - North Korean ships may be undermining sanctions (Reuters)
- Two Big Words Show Why U.S. Oil May Finally Be Turning a Corner (BBG)
- How $5 billion of debt caught up with Toys 'R' Us (Reuters)
- Why This Hurricane Season Is So Intense (WSJ)
- Buffett calls pessimists about United States 'out of their mind' (Reuters)
- Uber reviews Asia business amid U.S. bribery probe (Reuters)
- Amazon Is a Lifeline for Retail Workers. (If They Live in the Right City.) (BBG)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($ADBE $AZO $FDX $APOG $STB $BBBY $STNG $GIS $KMX $NEOG $LITB $FINL $MANU $YGE $SCS $AIR $ALOG $CPRT $PSDO)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
(N/A)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)
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!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- S
- WDC
- NBRV
- TXRH
- JNPR
- SNCR
- AGN
- ADBE
- BBBY
- BBRY
- GIS
- ALNY
- TWX
- BBL
- VERI
- EPZM
- FIT
- RCL
- UNP
- PNC
- NOV
- PEP
- CBI
- XLNX
- AAL
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
FedEx: FedEx has lowered its 2018 earnings guidance to account for the impact of a cyberattack. The shipping company also said on Tuesday that Hurricane Harvey impacted its fiscal first-quarter results. FedEx now expects earnings of between $11.05 and $11.85 per share, below its previous projection for earnings of between $12 and $12.80 per share.
STOCK SYMBOL: FDX
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Adobe: Adobe Systems reported third-quarter earnings after the bell on Tuesday that topped Wall Street estimates. However, the marketing software firm delivered a mixed outlook, causing shares to dip after hours.
STOCK SYMBOL: ADBE
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Bed Bath & Beyond: Shares of Bed Bath & Beyond fell more than 14 percent in premarket trading, as the home goods retailer slashed its full year outlook on Tuesday and missed earnings estimates for the second quarter. Same-store sales — a metric closely watched by Wall Street for retail stocks — also came in lower than expected.
STOCK SYMBOL: BBBY
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Wal-Mart: The big-box retailer announced that this year it will be giving its existing employees the opportunity to work extra hours during the holiday season, rather than offering those hours to seasonal workers. "These extra hours will help staff traditional roles like cashier and stocker, and newly created technology-empowered positions such as personal shoppers and Pickup associates," said Judith McKenna, Walmart's chief operating officer. Meantime, retail rival Target is bringing 100,000 temporary workers on board ahead of the holidays.
STOCK SYMBOL: WMT
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Amazon: The internet giant is reportedly working on its first wearable device — a pair of "smart glasses," according to the Financial Times. The device would be capable of interacting with Amazon's Alexa, the report said, citing people familiar with the company's plans.
STOCK SYMBOL: AMZN
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L Brands: L Brands, the parent company of Victoria's Secret, was downgraded by Cowen & Co., which cited "fundamental new competition in the sport bra market," among other obstacles in retail. Cowen analyst Oliver Chen said the company must add more digital components to its brick-and-mortar locations in order to "stimulate demand to drive store traffic."
STOCK SYMBOL: LB
(CLICK HERE FOR LIVE STOCK QUOTE!)
Pfizer: Pfizer was upgraded to "overweight" from "equal-weight" at Morgan Stanley. The firm cited investors underappreciating the global prospects for Pfizer's "No. 1 growth driver," as it relates to breast cancer, and "M&A optionality." The prospect of U.S. tax reform offers additional optionality, Morgan Stanley analyst David Risinger said.
STOCK SYMBOL: PFE
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Mattel: The toymaker's stock is beginning to rebound after investors traded off shares ahead of Toys R Us — one of its biggest retail partners — filing for bankruptcy. Hasbro and Jakks Pacific are among some of the other vendors for Toys R Us that have watched their stocks tumble over the past few weeks. Now, though, with more certainty about Toys R Us' plans ahead of the holidays, toy manufacturers have less to worry about, analysts are saying.
STOCK SYMBOL: MAT
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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 Wednesday, September the 20th! :)
Submitted September 20, 2017 at 08:31AM by bigbear0083 http://ift.tt/2ydcZDT
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