Good morning traders of the r/StockMarket sub! Welcome to Friday! Here are your stock movers & news this morning-
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Frontrunning: January 12
- Africans woke up startled this morning after President Donald Trump reportedly referred to Haiti and African nations as "s---hole countries"in a meeting with lawmakers. The White House's statement did not deny that the president made those remarks. (CNBC & AP)
- Trump asked why the US needs more Haitians. Mar-a-Lago may hold the answer (CNBC)
- Trump signals openness to North Korea diplomacy (WSJ)
- Trump said he canceled a planned visit to a U.S. embassy in London because he didn't want to associate with what he called a "bad" real estate deal. Britons planned protests against Trump during his trip to the city, where he is deeply unpopular. (CNBC)
- Trump told The Wall Street Journal that Mexico could end up paying for his proposed border wall "indirectly" if the North American Free Trade Agreement gets tweaked. "They can pay for it indirectly through NAFTA," he told the newspaper in an interview.
- US to extend sanctions relief to Iran, keeping nuclear deal in place for now (WSJ)
- US Commerce Department wraps up steel probe, does not detail findings (Reuters)
- Treasury Secretary Steven Mnuchin said the government expects about 90 percent of workers to see an increase in their take-home pay as a result of the new tax law. Workers will not have to fill out new W-4 this year. (CNBC)
- Political leaders in Germany have reached a breakthrough in talks to form a new coalition government. It followed months of uncertainty after elections in September last year, which failed to produce an overall majority for any party. (CNBC)
- Former White House chief strategist Steve Bannon is reportedly expected to testify before the House Intelligence Committee in a closed session next week. Bannon has hired lawyer Bill Burck to represent him during the testimony. (NBC News)
- Appearing on the debut episode of David Letterman's new Netflix (NFLX) series, former President Barack Obama said Americans are living in a political "bubble" by personalizing their respective media streams. (CNBC)
- Dropbox has secretly filed to go public in the first half of this year, a source confirmed to CNBC. Dropbox, last valued at $10 billion, reportedly hired Goldman Sachs (GS) and J.P. Morgan (JPM) to handle the offering.
- Intel (INTC) said that the recently-issued patches for flaws in its chips could cause some computers to reboot more often than normal. The company also said it might need to issue updates to fix those buggy patches. (Reuters)
- Walmart (WMT) is shuttering 63 of its Sam's Club locations across the U.S. Some stores went dark as early as Thursday, and not all of the retailer's employees were notified in advance. (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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NEXT WEEK'S ECONOMIC CALENDAR:
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NEXT WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($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)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
()
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N/A.
EARNINGS RELEASES BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
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NONE.
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
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THIS MORNING'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- FB
- MARA
- JPM
- WFC
- BA
- JNUG
- CSIQ
- BLK
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Blackrock – The asset management firm reported adjusted quarterly profit of $6.24 per share, beating estimates of $6.02 a share. Revenue beat forecasts and the company also raised its quarterly dividend 15 percent to $2.88 per share.
STOCK SYMBOL: BLK
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JP Morgan Chase – The bank beat estimates by 7 cents a share, with adjusted quarterly profit of $1.76 per share. Revenue also beat forecasts. JPMorgan did take a one-time $2.4 billion charge related to the new tax law.
STOCK SYMBOL: JPM
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Humana – The health-care provider was upgraded to "buy" from "hold" at Jefferies, based on benefits of tax reform as well as current Medicare Advantage enrollment trends.
STOCK SYMBOL: HUM
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Anthem – Jefferies also upgraded the health insurer's stock to "buy" from "hold," expressing confidence in the execution of Anthem's plans by its new CEO.
STOCK SYMBOL: ANTM
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Dick's Sporting Goods – The sporting goods retailer was upgraded to "buy" from "hold" at Deutsche Bank, which cites bottoming industry trends, more balanced inventory levels, and reduced risk to margins.
STOCK SYMBOL: DKS
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American Express – JP Morgan Chase downgraded the financial services giant's stock to "neutral" from "overweight," based on valuation. American Express stock is up 31 percent over the past 12 months.
STOCK SYMBOL: AXP
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IBM – IBM has replaced Chief Financial Officer Martin Schroeter with Senior Vice President James Kavanaugh. Schroeter is moving to a new role as senior vice president for global markets.
STOCK SYMBOL: IBM
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Advanced Micro Devices – AMD said its chips are susceptible to the security flaw known as "Spectre," which can let hackers steal sensitive information. AMD had said earlier that the risk was "near zero" but maintains there has been no change in its view.
STOCK SYMBOL: AMD
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Fiat Chrysler – The automaker will invest more than $1 billion in its Warren, Michigan plant, and will shift production of its Ram pickup trucks from Mexico to that plant in 2020. The move will create 2,500 jobs at the factory.
STOCK SYMBOL: FCAU
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Ford Motor – Ford is urging 2,900 owners of certain older pickup trucks to stop driving them, after confirming a second death in a truck containing a defective Takata airbag inflator. The defective part is contained in certain 2006 Ford Rangers.
STOCK SYMBOL: F
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Sinclair Broadcast Group — The Federal Communications Commission has paused its review of Sinclair's purchase of Tribune Media while it examines Sinclair's offer to divest certain assets.
STOCK SYMBOL: SBGI
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Qualcomm – The chipmaker is close to winning European Union approval for its proposed $39 billion acquisition of NXP Semiconductors, according to The Wall Street Journal.
STOCK SYMBOL: QCOM
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Finisar — Chief Executive Jerry Rawls has retired, effective immediately. He'll be replaced at the helm of the fiber optic components maker by Broadcom executive Michael Hurlston.
STOCK SYMBOL: FNSR
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Kohl's – The retailer was upgraded to "sector perform" from "underperform" at RBC Capital, which cites several factors including improved comparable store sales.
STOCK SYMBOL: KSS
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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 Friday, January 12th, 2018! :)
Submitted January 12, 2018 at 08:38AM by bigbear0083 http://ift.tt/2DogNWQ
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