Good morning traders of the r/StockMarket sub! Welcome to Tuesday! Here are your pre-market stock movers & news this morning-
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Frontrunning: February 13th
- Republican Sen. Jeff Flake is apparently trying to meet President Donald Trump in the middle on immigration. The Arizona senator and Trump will file an immigration amendment as early as today, Politico reports, that mirrors some of the details in the president's plan.
- President Trump's budget proposal calls for yet another effort to repeal Obamacare and seeks to slash spending on Medicare. The proposal also seeks a rollback of the expansion of Medicaid benefits achieved under the Affordable Care Act. (CNBC)
- Trump's budget may delay future tax refunds (CNBC)
- Conservatives lash out at GOP spending binge (AP)
- Trump's budget calls for six weeks' paid family leave. What it will cost you (CNBC)
- Under its new infrastructure plan, the Trump administration is considering selling Washington Dulles International Airport and Ronald Reagan International Airport along with other federally owned assets. (Washington Post)
- Bankers raise doubts over Trump infrastructure plan (FT)
- Trump's plan to overhaul US infrastructure faces steep hurdles (Reuters)
- Kim Jong Un wants warmer relationships with South Korea after his delegation returned from a visit to the South. The North Korean leader gave instructions for measures aimed at more inter-Korean engagement, state media said, but details were not specified. (Reuters)
- The economic cost of the opioid epidemic in the U.S. topped an estimated $1 trillion from 2001 through 2017, an analysis shows. (CNBC)
- Consulting institute Altarum said the crisis is projected to cost the U.S. an extra $500 billion through 202 unless more action is taken.
- A female executive at the investment firm run by billionaire Steven Cohen said in a lawsuit the company was a testosterone-fueled "boys' club" in which men commented on women's bodies, belittled their abilities and paid them less than their male peers. (NY Times)
- Barnes & Noble (BKS) is laying off lead cashiers and digital leads, CNBC has learned. The news came abruptly for many workers who showed up yesterday morning at various Barnes & Noble locations to find that they no longer were employed, people told CNBC.
- Amazon cuts hundreds of employees in a shift to fast-growing businesses (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($AMAT $SHOP $BIDU $CSCO $UAA $ANET $WB $PEP $GRPN $FDC $KO $L $CGNX $DE $TWLO $SINA $APRN $IPGP $HIMX $MET $CYBR $ABX$MRO $CTL $WM $MZOR $INCY $ICPT $CNA $DO $FMC $TECK $QSR $PI $OHI $RPD $VIPS $NSP $KGC $CVE $FANG $CBS $SODA)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($UAA $WB $PEP $SINA $APRN $HIMX $TRU $DAN $GNRC $LPX $MLM $NVMI $TOWR $DBD $ARCH $TCX $RDCM $ARCC $CRL $AB $HCP$SQNS $NXRT $AYR $ONDK $NRZ $EIGI $NNN)
(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 LINK #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
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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(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- HMNY
- UAA
- HIMX
- GNC
- BIDU
- UA
- PEP
- KDMN
- WB
- ICHR
- NRZ
- ABC
- JNUG
- VIPS
- EIGI
- SINA
- ARCC
- DBD
- NSM
- LPX
- ETC.X
- NXRT
- NTAP
- WNC
- ADT
- CRL
- HSIC
- UNIT
- HCP
- MOH
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
PepsiCo – The beverage and snack maker beat estimates by a penny a share, with adjusted quarterly profit of $1.31. Revenue also beat forecasts. The company reported better-than-expected organic revenue growth, raised its annual dividend by 15 percent, and forecast 2018 adjusted earnings of $5.70 per share, 3 cents a share above estimates.
STOCK SYMBOL: PEP
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Under Armour – The athletic apparel maker reported a breakeven quarter on an adjusted basis, matching Street forecasts. Revenue topped consensus. North American sales fell, but that was offset by a strong performance internationally. Under Armour also announced an expansion of a previously announced restructuring program, saying it saw more opportunities to optimize its operations.
STOCK SYMBOL: UAA
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Blue Apron – The meal kit service lost 20 cents per share for the fourth quarter, smaller than the 27 cent a share loss that Wall Street was anticipating. Revenue beat consensus, despite a drop in its customer base. Results were aided by a decline in marketing expenses.
STOCK SYMBOL: APRN
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Generac – The maker of power generators earned an adjusted $1.37 per share for the fourth quarter, beating the $1.19 a share consensus estimate. Revenue also topped forecasts, with shipments of home standby generators near record levels thanks to elevated power outage activity.
STOCK SYMBOL: GNRC
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GNC Holdings – The health products retailer matched estimates, with adjusted quarterly profit of 25 cents per share. Revenue fell short of forecasts, despite a same-store sales increase of 5.7 percent. The company said it is seeing positive results from its revamped pricing model and enhanced loyalty programs.
STOCK SYMBOL: GNC
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AmerisourceBergen — Walgreens Boots Alliance has reached out to the drug distributor about a possible takeover, according to The Wall Street Journal, but the talks are in an early stage and no deal will necessarily be reached. Walgreens already owns about 26 percent of AmerisourceBergen and has a representative on the board of directors.
STOCK SYMBOL: ABC
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Novartis – Novartis won Food and Drug Administration approval for a larger dose of its multiple sclerosis drug Glatopa. The drug, made by the company's Sandoz division, is a generic version of Teva's best-selling Copaxone.
STOCK SYMBOL: NVS
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Vipshop – Vipshop beat analysts' forecasts on both the top and bottom lines with its latest earnings report, with the China-based online retailer seeing a 27 percent jump in sales during the quarter compared to a year earlier.
STOCK SYMBOL: VIPS
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MGM Resorts – MGM opened its new Macau casino, just ahead of the Lunar New Year holiday. The new MGM Cotai will more than triple the number of available MGM hotel rooms in the Chinese territory.
STOCK SYMBOL: MGM
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IBM – IBM sued former human resources executive Lindsay-Rae McIntyre after she was hired by Microsoft this past weekend as its chief diversity officer. IBM accuses McIntyre of violating a one-year non-competitive agreement.
STOCK SYMBOL: IBM
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General Motors – GM is shutting down one of its four South Korean plants and will take an $850 million charge as it scales down its unprofitable operation in that country. The automaker will decide on the future of the other plants within a few weeks.
STOCK SYMBOL: GM
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Barnes & Noble – The book retailer is cutting staff by an unspecified amount, following a weak holiday season that saw comparable-store sales drop by 6.4 percent.
STOCK SYMBOL: BKS
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JPMorgan Chase – The bank was upgraded to "outperform" from "market perform" at Keefe Bruyette & Woods, which said the recent sell-off is a chance to add quality to portfolios at reasonable valuations and that JPMorgan now has a favorable risk/reward profile at current prices.
STOCK SYMBOL: JPM
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Quest Diagnostics – Quest was upgraded to "outperform" from "neutral" at Credit Suisse, which points to the medical lab operator's opportunities to promote growth in that business.
STOCK SYMBOL: DGX
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Dun & Bradstreet – The company reported quarterly profit of $3.22 per share, 18 cents above estimates, though revenue was short of forecasts. The financial data and analytics company also raised its quarterly dividend by two cents to 52-1/4 cents per share. The company also said Chief Executive Officer Robert Carrigan is stepping down, to be replaced on an interim basis by lead director Thomas Manning, who was also named board chairman.
STOCK SYMBOL: DNB
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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 Tuesday, February 13th, 2018! :)
Submitted February 13, 2018 at 09:06AM by bigbear0083 http://ift.tt/2Harmya
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