Good morning traders of the r/StockMarket sub! Happy Monday to all of you! Here are your pre-market stock market movers & news this morning-
Frontrunning: October 16
- Iraq forces seize Kirkuk outskirts in advance on Kurdish-held territory (Reuters)
- Iraq-Kurd Fighting Threatens to Undo Anti-ISIS Coalition (WSJ)
- Oil rises as fighting escalates in Iraq's oil-rich Kirkuk (Reuters)
- Madrid moves towards direct rule over Catalonia (Reuters)
- Spain Signals It Will Suspend Catalan Self-Rule This Week (BBG)
- Central Bankers Cling to Stimulus Amid Weak Inflation (WSJ)
- White House pitches corporate tax cut as win for workers (Reuters)
- White House Says Corporate Tax Cut Would Boost Wages $4,000 (BBG)
- * GOP Tax Plan Would Make Mortgage Break Irrelevant (WSJ)
- Congress to Tackle Health Care Again (WSJ)
- Death toll from Somalia bomb attacks tops 300 (Reuters)
- Yellen Calls Inflation the 'Biggest Surprise' in the Economy (BBG)
- Wildfire Victims Had Only Seconds to Make Fateful Choices (WSJ)
- Merkel: Strong result for Austria's FPO 'big challenge' for other parties (Reuters)
- Nafta Talks Left Reeling After Aggressive U.S. Proposals Land (BBG)
- The Crash of ’87, From the Wall Street Players Who Lived It (BBG)
- Kobe Steel Scam Hits Planes, Trains, Automobiles (BBG)
- A ‘Crazy’ Stock Market Is Punishing Sellers (BBG)
- Corruption case against U.S. Senator Menendez may fall apart (Reuters)
- Irish Brace as ‘Life-Threatening’ Ophelia Set to Slam Coast (BBG)
- Pope implicitly criticizes U.S. for leaving Paris climate accord (Reuters)
- May Heads to Brussels to Break Brexit Deadlock (BBG)
- Trump hostility set to deepen Iran power struggles (Reuters)
- Kushner Plan for Fifth Avenue Tower Is Being Blocked by Partner (BBG)
- Old Wall Street Is Losing the Battle Beneath the Surface of ETFs (BBG)
- Croatian police detain six former executives at Agrokor (Reuters)
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
MONDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
MONDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($NFLX $GE $IBM $GS $UNH $JNJ $LRCX $PYPL $CLF $CSX $MS $VZ $ABT $HOG $BX $PGR $ISRG $ASML $UAL $AA $CMA $EBAY)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
N/A.
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!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- EXEL
- TGTX
- CARA
- NFLX
- JD
- BSTI
- BMY
- ABEO
- AU
- ARMK
- HBM
- ALKS
- DBVT
- XLV
- F
- SCHW
- MTSI
- BRO
- DESP
- PETX
- KKR
- CMG
- VHC
- FCX
- OMC
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Aramark – The food services company struck two weekend acquisition deals for privately held companies. Aramark is buying food and supplies company Avendra and uniform provider AmeriPride Services for a total of $2.35 billion. Avendra is 55 percent owned by hotel operator Marriott International.
STOCK SYMBOL: ARMK
(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple – Apple was upgraded to "overweight" from "sector weight" at KeyBanc, which said Apple's aggressive market segmentation strategy seems likely to increase profit margins.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Ulta Beauty – The cosmetics retailer was removed from the "Conviction Buy" list at Goldman Sachs, although the firm maintained a buy rating. Goldman cites weaker industry data and reduced innovation in cosmetics.
STOCK SYMBOL: ULTA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Viacom – Viacom agreed to an extension of carriage talks with Charter Communications, according to Reuters.
STOCK SYMBOL: VIAB
(CLICK HERE FOR LIVE STOCK QUOTE!)
T-Mobile US, Sprint – T-Mobile and Sprint are planning to announce a merger without any asset divestitures, according to a Reuters report. People familiar with the matter are quoted as saying the two mobile phone companies want to preserve as much of their spectrum holdings as possible before regulators seek concessions.
STOCK SYMBOL: TMUS
(CLICK HERE FOR LIVE STOCK QUOTE!)
STOCK SYMBOL: S
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla – Tesla fired about 400 workers last week, following an annual review. In a statement, the automaker did confirm the dismissals but did not specify the number of employees involved.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
General Motors — GM reached a tentative contract agreement with striking Canadian workers, potentially ending a walkout that began September 18.
STOCK SYMBOL: GM
(CLICK HERE FOR LIVE STOCK QUOTE!)
BlackBerry – The company's patent licensing director, Victor Schubert, told Reuters he had left the company but did not give a reason. He is the second executive to depart from BlackBerry's patent team, following patent strategy leader Mark Kokes. Kokes left in September to join a health technology company. Separately, BlackBerry gets a new ticker symbol as of today, changing to "BB" from "BBRY" as it moves from Nasdaq to the New York Stock Exchange.
STOCK SYMBOL: BBRY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Bristol-Myers Squibb – Bristol-Myers was downgraded to "hold" from "buy" at Jefferies in a valuation call. The drugmaker's stock is up more than 18 percent over the past three months.
STOCK SYMBOL: BMY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Ford Motor – Ford was downgraded to "sector perform" from "outperform" at RBC Capital Markets, with a price target of $13. RBC feels that while new CEO Jim Hackett has a solid vision, most of his proposals won't have an impact until 2019 or 2020 at the earliest.
STOCK SYMBOL: F
(CLICK HERE FOR LIVE STOCK QUOTE!)
Citigroup – The bank's stock was cut to "sell" from "hold" at Societe General, which cited credit quality concerns. The stock's price target was cut to $65 per share from $70.
STOCK SYMBOL: C
(CLICK HERE FOR LIVE STOCK QUOTE!)
Deckers Outdoor – Susquehanna downgraded the footwear maker's stock to "negative" from "neutral," saying poor distribution choices have hurt the company's iconic UGG brand.
STOCK SYMBOL: DECK
(CLICK HERE FOR LIVE STOCK QUOTE!)
Groupon – The daily deals company's stock was upgraded to "market perform" from "underperform" at Cowen, which cites improving fundamentals and a more attractive risk-reward outlook.
STOCK SYMBOL: GRPN
(CLICK HERE FOR LIVE STOCK QUOTE!)
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 Monday, October the 16th! :)
Submitted October 16, 2017 at 08:59AM by bigbear0083 http://ift.tt/2zcW5G2
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