Good morning traders of the r/StockMarket sub! Welcome to Wednesday! Here are your stock movers & news this morning-
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Frontrunning: January 10
- China May Halt Purchases of U.S. Treasuries (BBG)
- Berkshire Hathaway Expands Board Size (WSJ)
- Gundlach Says S&P 500 Will Have Negative Return for 2018 (BBG)
- Judge blocks Trump move to end DACA (Reuters)
- Bitcoin Powers Big Returns for a Pair of ETFs (WSJ)
- U.S. oil hits highest since 2014, worries grow of overheated market (Reuters)
- With U.S. Aid Cut, Pakistan Drifts Closer to China (WSJ)
- Taxes, Trading and Bitcoin: What to Watch For in Wall Street’s 2017 Numbers (BBG)
- Iran could greatly increase uranium enrichment, says spokesman (Reuters)
- What the Tax Law Will Do to Bank Earnings (WSJ)
- Breitbart-Bannon Rift Gives Conservative Rivals an Opening (BBG)
- Catalan parties propose self-exiled former leader as president (Reuters)
- ‘Bad Brexit’ Would Hurt the U.K. Economy for More Than a Decade (BBG)
- Marijuana taxes and a surplus expected to boost California budget (Reuters)
- Michael R. Bloomberg: A Seven-Step Plan for Ending the Opioid Crisis (BBG)
- Saudi Aramco working to raise cheap loans before IPO - banking sources (Reuters)
- Traders Aren’t Falling for Crypto Name Changes But Love Them Anyway (BBG)
- Explosion on Iranian oil tanker forces rescue team to retreat (Reuters)
- Mohammed bin Salman’s Next Saudi Challenge: Curtailing Ultraconservative Islam (WSJ)
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:
($JPM $LEN $KBH $WFC $SCHN $HELE $BLK $AYI $DAL $FCEL $MSM $SVU $PNC $SNX $WDFC $SJR $SHLM $SMPL $EXFO $SAR $LMNR$SLP$PRGS $NTIC $VOXX $INFY)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($LEN $SVU $SNX $MSM $WDFC $EXFO $SLP $VOXX)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
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:
- KODK
- ETH.X
- TRX.X
- PTIE
- DGAZ
- MU
- WTW
- GSUM
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Eastman Kodak — The company's stock soared 75 percent in the premarket after saying it has used blockchain — the underlying technology for popular cryptocurrencies like bitcoin — to create a digital photography platform called KodakCoin.
STOCK SYMBOL: KODK
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Constellation Brands, Molson Coors — Both beer stocks were initiated with "overweight" ratings at Barclays. Analysts said they expect Constellation Brands will "continue exceeding expectations." They also said they "expect accelerating cash returns to be a material positive" for Molson.
STOCK SYMBOL: STZ
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STOCK SYMBOL: TAP
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Deere — Deere shares were upgraded to "outperform" from "sector perform" at RBC Capital Markets. Analysts also boosted their price target on the stock to $190 per share from $155.
STOCK SYMBOL: DE
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Target — Analysts at Susquehanna upgraded Target to "positive" from "neutral," noting the company's earnings growth is "reaccelerating to a double-digit rate in FY18." They also hiked their price target to $84 a share from $54.
STOCK SYMBOL: TGT
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Lennar — The home builder reported fourth-quarter earnings of $1.29 a share, well below the expected $1.48 a share. Lennar shares fell nearly 5 percent in the premarket. The company also posted better-than-expected revenue, however, and said the tax-cut bill passed last month will reduce its effective tax rate to about 25 percent from 34 percent.
STOCK SYMBOL: LEN
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Supervalu — Supervalu shares dropped nearly 12 percent after reporting adjusted quarterly earnings of 61 cents a share. The company also said it expects net losses from continuing operations to range between $20 million and $2 million for 2018.
STOCK SYMBOL: SVU
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VMWare — The enterprise software company confirmed it laid off a small percentage of its workforce. The move comes two years after cutting around 800 employees.
STOCK SYMBOL: VMW
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Berkshire Hathaway — Chairman and CEO Warren Buffett appointed Gregory Abel and Ajit Jain as vice chairmen. The move by Buffett comes as questions about who will succeed the legendary investor loom. Buffett, 86, also said he would remain in his role.
STOCK SYMBOL: BRK.A
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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. /u/bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
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, January 10th, 2018! :)
Submitted January 10, 2018 at 08:46AM by bigbear0083 http://ift.tt/2CM4UZE
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