Good morning traders of the r/StockMarket sub! Happy Wednesday to all of you! Here are your pre-market stock market movers & news this morning-
Frontrunning: October 11
- Republicans to Trump and Corker: Please just stop (Politico)
- Trump Wants to Weaken Nafta’s Influence, Power (WSJ)
- Spain Warns Catalonia With Threat of Direct Control From Madrid (BBG)
- U.S. warship sails near islands Beijing claims in South China Sea (Reuters)
- U.S. flies bombers over Korean peninsula (Reuters)
- New timeline in Vegas shooting raises questions on police response (Reuters)
- More Women Accuse Harvey Weinstein of Harassment (WSJ)
- Global Regulators Play Bitcoin Whack-a-Mole as Demand Explodes (BBG)
- Uber Faces at Least Two More U.S. Criminal Probes (BBG)
- What to Watch for as Wall Street Reports Third-Quarter Results (BBG)
- Cohen Eyes High Fee Structure in Hedge Fund Relaunch (BBG)
- Harvey Weinstein's Wife Announces She Will Leave Him After Sex Abuse Claims (BBG)
- Goldman creates 'brain trust' in effort to boost deals business (Reuters)
- It’s Only Going to Get Worse for America’s Grocers (BBG)
- Black model who appeared in Dove ad says it was not racist (Reuters)
- Trump to Tout $4,000 Worker Benefit in Tax Sales Pitch (BBG)
- Family Ties, Leaks and a Wedding: Inside the Political Scandal Rocking South Africa (WSJ)
- U.S. congressional panels spar over 'Trump dossier' on Russia contacts (Reuters)
- Israeli spies found Russians using Kaspersky software for hacks (Reuters)
- How Tyson’s Chicken Plant Became a $320 Million Turkey (BBG)
- Alibaba launches $15 billion overseas R&D drive (Reuters)
- Nuclear Anxiety Hasn’t Stopped This Fund From Investing $500 Million in South Korea (BBG)
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
YESTERDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($BAC $C $JPM $DAL $DPZ $BLK $FAST $WFC $CUDA $OZRK $PNC $LNN $FRC $FHN $JBHT $DFRG $VOXX $SAR $HAWK $EXFO)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
NONE.
EARNINGS RELEASES BEFORE THE OPEN TODAY:
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)
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 LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- HMNY
- MNKD
- ACRX
- DAL
- SNN
- INAP
- DQ
- BLK
- MU
- UNG
- FAST
- BIOP
- UGAZ
- OZRK
- RRC
- PYPL
- XLP
- SNAP
- FB
- BUD
- GBT
- MACK
- SNE
- CZR
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
BlackRock – The asset management firm reported adjusted quarterly profit of $5.92 per share, well above the consensus $5.56 a share estimate. Revenue also beat forecasts. BlackRock now has close to $6 trillion under management and CEO Larry Fink told CNBC strength in the global economy is helping spur investor demand.
STOCK SYMBOL: BLK
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Delta Air Lines – The airline beat forecasts by four cents a share, with adjusted quarterly profit of $1.57 per share. Revenue was ahead of forecasts, as well. Delta CEO Ed Bastian told CNBC that the airline had a very good quarter, especially considering the impact of the various hurricanes, and that strong demand is overcoming industry pricing pressure for Delta.
STOCK SYMBOL: DAL
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FedEx – KeyBanc began coverage of FedEx with an "overweight" rating, saying the delivery company will benefit from improving air freight demand as well as a favorable macroeconomic environment.
STOCK SYMBOL: FDX
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American Express – Wells Fargo added American Express to its "priority stock" list, saying the credit card issuer has survived the "perfect storm" of the past few years and is back in a winning position.
STOCK SYMBOL: AXP
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General Electric – JPMorgan Chase is calling the early exit of several key executives a negative, and said that it now sees a dividend cut as increasingly likely.
STOCK SYMBOL: GE
(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com – A Morgan Stanley analyst wrote a note saying Amazon's private label business could add $1 billion annually to the bottom line by 2019.
STOCK SYMBOL: AMZN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Alibaba – Alibaba is investing $15 billion in overseas research hubs, unveiling plans to build such facilities in China, Israel, the U.S., Russia, and Singapore.
STOCK SYMBOL: BABA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Molina Healthcare – Molina appointed former Aetna executive Joseph Zubretsky as President and Chief Executive Officer, effective November 6. Chief Financial Officer Joseph White had been serving as interim CEO of the health insurer following the dismissal in May of Mario Molina, as well as CFO John Molina.
STOCK SYMBOL: MOH
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Time Inc. – Time is cutting back on both the circulation and frequency of its well-known magazines, including Time, Sports Illustrated, Entertainment Weekly, and Fortune, as part of a cost-cutting and restructuring program.
STOCK SYMBOL: TIME
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Equifax – The credit reporting agency's massive data breach compromised driver's license data for about 10.9 million Americans, according to The Wall Street Journal citing people familiar with the matter.
STOCK SYMBOL: EFX
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Allergan – The drugmaker's recent patent deal with a Native American tribe is drawing the ire of health insurers, hospitals, and generic drugmakers. A coalition made up of those groups have asked Congress to examine the deal, calling it a brazen attempt to circumvent U.S. law. Allergan had maintained that the move was a way to protect its intellectual property from "unfair challenges."
STOCK SYMBOL: AGN
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Symantec – Symantec has stopped letting governments review software source code. CEO Greg Clark told Reuters that allowing such scrutiny compromises the security of the cybersecurity firm's products.
STOCK SYMBOL: SYMC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Micron Technology – Micron shares are under pressure after the chip maker announced plans for a $1 billion secondary stock offering. Micron plans to use the proceeds to pay down its debt.
STOCK SYMBOL: MU
(CLICK HERE FOR LIVE STOCK QUOTE!)
Johnson & Johnson – J&J was upgraded to "buy" from "hold" at Jefferies, citing the company's growth prospects, with the price target for the stock increased to $157 per share from $145.
STOCK SYMBOL: JNJ
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Barracuda Networks – Barracuda reported adjusted quarterly profit of 17 cents per share, matching estimates, while the cybersecurity company's revenue exceeded forecasts. Shares are under pressure, however, on lower-than-expected current-quarter earnings and revenue guidance.
STOCK SYMBOL: CUDA
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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 excellent trading day ahead today on this Wednesday, October the 11th! :)
Submitted October 11, 2017 at 09:54AM by bigbear0083 http://ift.tt/2ybAxu3
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