Good morning traders of the r/StockMarket sub! Happy Tuesday to all of you! Here are your pre-market stock market movers & news this morning-
Frontrunning: October 17
- President Donald Trump interviews Janet Yellen on Thursday about her potentially staying on as chair of the Federal Reserve after her first term ends in February, a source familiar with the situation confirmed to CNBC.
- Hillary Clinton: 'I'm not going to run again,' but will continue to call out Trump (BBC)
- Senate Republicans gained crucial support for a vote on a budget resolution that's vital to Trump's hopes of signing tax reform legislation into law before January. Two GOP lawmakers, once seen as potential 'no' votes, said they would likely support the measure. (Reuters)
- Trump and McConnell: We're friends, really (CNBC)
- Trump says 'massive' campaign spending fuels rise in drug prices (CNBC)
- Massive trade deal among 11 heavyweight economies emerges (CNBC)
- In an interview with the Nation, San Antonio Spurs Coach Gregg Popovich slammed Trump for his false claims about his predecessors not calling the families of fallen service members. He called the president a "soulless coward" and a "pathological liar."
- Trump falsely claims Obama didn't contact families of fallen troops (NY Times)
- McCain condemns "half-bakes, spurious nationalism" (Washington Post)
- North Korea's deputy U.N. ambassador warned that the situation on the Korean Peninsula "has reached the touch-and-go point and a nuclear war may break out any moment." He also said the country has the right to possess nuclear weapons in self-defense. (AP)
- North Korea's economy may not survive another year, defector says (CNBC)
- Trump is toying with Iran, and another US adversary is watching (CNBC)
- More evacuees were expected to return home today in Northern California where the state's wildfires have killed at least 41 people and destroyed homes. Officials said they expected the death toll to rise as 88 people were unaccounted for in Sonoma County alone. (Reuters)
- Credit Suisse cut its third-quarter EPS estimates on CBS by 5 percent, citing the company's softer Sunday NFL ratings. The firm's new estimate is $1.08, below the Wall Street consensus estimate of $1.12. The media company reports on Nov. 2. (CNBC)
- Apple (AAPL) has considered an expansion into health-care clinics and had talks to buy a start-up called Crossover Health, which works with big employers to build and run on-site medical clinics, according to three sources familiar. (CNBC)
- Cramer: The action in Apple's stock is a lesson on buying into weakness (CNBC)
- Facebook (FB) says it has acquired tbh, a teen-focused messaging app, for an undisclosed amount. The four founders of the app that lets users 13 and over create anonymous polls will join Facebook. (CNBC)
- 'Unicorn' companies are worth half of what is reported for their valuation, study finds (NY Times)
- $100 billion is not enough, SoftBank is in talks to raise a second giant tech fund (ReCode)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($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:
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
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 LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- NFLX
- GS
- MS
- IBM
- FCX
- UVXY
- IPXL
- JNJ
- CRBP
- QCOM
- VRX
- SORL
- JNUG
- HOG
- CSX
- UNH
- ETP
- LRCX
- MOMO
- SNCR
- CE
- XOMA
- CMA
- CREE
- V
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
UnitedHealth Group – The nation's largest health insurer reported adjusted quarterly profit of $2.66 per share, ten cents a share above estimates. Revenue was slightly short of forecast, but the company is also predicting full-year profit of $10 per share, 13 cents a share better than consensus forecasts.
STOCK SYMBOL: UNH
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Morgan Stanley – The investment firm came in 12 cents a share above estimates, with quarterly profit of 93 cents per share. Revenue also topped forecasts. Morgan Stanley's results were boosted by healthy profit at its wealth management business.
STOCK SYMBOL: MS
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Johnson & Johnson – The medical products and drugmaker reported adjusted quarterly profit of $1.90 per share, 10 cents a share above estimates. Revenue also beat forecasts amid strong results in its pharmaceutical unit. Johnson & Johnson also gave a full-year forecast that comes in above consensus.
STOCK SYMBOL: JNJ
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Harley-Davidson – The motorcycle maker beat estimates by one cent a share, with quarterly profit of 40 cents per share. The company's revenue beat forecasts as well, but its profits were down more than 40 percent from a year earlier. Harley is seeing an ongoing drop in demand among baby boomer customers and a lack of younger people interested in riding motorcycles.
STOCK SYMBOL: HOG
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Comerica – The regional bank beat forecasts by six cents a share, with quarterly profit of $1.26 per share. Revenue also beat estimates. Comerica's results were helped by an increase in net interest income.
STOCK SYMBOL: CMA
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Netflix – Netflix posted adjusted quarterly profit of 37 cents per share, five cents a share above estimates. Revenue was essentially in line with forecasts. Netflix also posted better-than-expected subscriber growth, even as competition intensifies in the streaming video content market.
STOCK SYMBOL: NFLX
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**Pearson – Pearson boosted its full-year profit forecast, with the UK-based publisher saying pressures on its North American business have eased.
STOCK SYMBOL: PSO
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**Microsoft – Microsoft's secret internal database was hacked in 2013, according to five former employees quoted by Reuters. The database is used for tracking software bugs and contained descriptions of unfixed vulnerabilities in Microsoft software, including its Windows operating system.
STOCK SYMBOL: MSFT
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Boeing – Boeing is calling the Airbus purchase of a majority stake in Bombardier's CSeries jet program a "questionable deal between two heavily state-subsidized competitors." Boeing accuses its jet-making rivals of trying to skirt recent findings of unfair subsidies by the U.S. government.
STOCK SYMBOL: BA
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Procter & Gamble – P&G said Nelson Peltz's bid to be elected to its board lost by 6.15 million votes, which amounts to about 0.2 percent of outstanding shares. The vote is now headed to a recount.
STOCK SYMBOL: PG
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Sonic – Sonic reported adjusted quarterly profit of 45 cents per share, beating estimates by two cents a share. The restaurant chain's revenue was short of forecasts, however, and same-restaurant sales declined in a drop the company said was partly due to the impact of Hurricane Harvey.
STOCK SYMBOL: SONC
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Garmin – The company best known for its GPS devices introduced "Garmin Speak," which it said is the first in-vehicle device designed with hands-free access to Amazon's Alexa voice service.
STOCK SYMBOL: GRMN
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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 Tuesday, October the 17th! :)
Submitted October 17, 2017 at 08:41AM by bigbear0083 http://ift.tt/2hMQbEv
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