Good morning traders of the r/StockMarket sub! Welcome to Monday! Here are your pre-market stock movers & news this morning-
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Frontrunning: February 26th
- Congress is returning to work this week under pressure to respond to the outcry over gun violence in the wake of this month's Florida school shooting. No plan appears ready to take off despite a long list of proposals, including many from President Donald Trump. (AP)
- Trump: Florida shooting at top of agenda at govs meeting (AP)
- Baseball Hall of Famer Chipper Jones calls for stricter gun laws (USA Today)
- President Trump considers drug dealers to be as bad as serial killers and would "love to have a law" that executes dealers in the U.S., Axios reports, citing unnamed sources. He is a reportedly a fan of Singapore's capital punishment policy.
- The president's legal team is considering ways for him to testify before special counsel Robert Mueller, the Wall Street Journal reports. Trump's team is weighing options such as providing written questions and having a limited face-to-face testimony.
- Ex-Trump campaign official Gates pleads guilty on two counts(CNBC)
- RNC paid Trump campaign's Trump Tower rent after paying Russia probe legal bills (CNBC)
- Trump's longtime personal pilot, who flew him around the country during the 2016 campaign, is reportedly on a shortlist to head the Federal Aviation Administration, multiple outlets reported. An official told the Washington Post that John Dunkin may be more qualified than people realize.
- The southern and central U.S. was pounded with rain and fierce windsover the weekend, leveling homes, uprooting trees and demolishing cars. Flooding is expected to continue to be a threat this week as more rain falls and runoffs continue. (USA Today)
- The Weinstein Company reportedly plans to file for bankruptcy after talks to sell it fell through, extending the damage from sexual misconduct allegations against Harvey Weinstein, the disgraced Hollywood co-owner. (NY Times)
- The ruling Communist Party of China proposed a plan that could leave President Xi Jinping in office indefinitely, sparking an uproar on social media and drawing comparisons to North Korea's ruling dynasty. (Reuters)
- As Xi Jinping tightens his grip on power, 'major risks' loom (CNBC)
- Samsung launched its flagship S9 smartphone over the weekend with an improved camera and augmented reality capabilities to challenge Apple's (AAPL) new model, the iPhone X. The South Korean giant released two versions, a 5.9-inch S9 and 6.2-inch S9+. (CNBC)
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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FRIDAY'S S&P SECTORS:
(CLICK HERE FOR FRIDAY'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:
($SQ $JD $VRX $PCLN $FIT $JCP $M $CRM $LOW $PANW $LL $BBY $NTNX $WTW $ADI $FL $TOL $AMT $SN $SWN $EMES $AZO $IONS $VMW$EXEL $KSS $BCC $CLVS $CPRT $AMC $ALB $ACAD $TJX $DF $AWI $RRC $SPLK $FTR $ENDP $SRPT $CRK $PZZA $DDD $WDAY $BUD)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($SN $EMES $BCC $DF $GOV $CPRT $CRK $KOS $AWI $NSA $ICD $DORM $EGRX $SEMG $VST $WBT $I $CLDT)
(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 LINK #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)
THIS MORNING'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- FIT
- GE
- BBY
- DF
- PANW
- CRM
- ETSY
- BMRN
- TAL
- SRCL
- CPRT
- EMES
- JPM
- BRK.A
- AEO
- PIH
- EGRX
- BRK.B
- CLDT
- FINL
- GS
- BCC
- OII
- VICR
- M
- CAVM
- SPNS
- CRK
- BH
- BHE
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Berkshire Hathaway – Warren Buffett's firm got an immediate $29 billion windfall from the new tax law, according to Berkshire's latest earnings report. Buffett also said Berkshire has a large amount of cash that it is hoping to deploy, but that it is difficult to find good businesses for sale at the right price.
STOCK SYMBOL: BRK.A
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General Electric – GE plans to restate 2016 and 2017 earnings after adopting a new accounting standard, according to a Securities and Exchange Commission filing. It will result in a 13 cent cut in earnings per share for 2016 and 16 cents for 2017. Separately, GE announced a new director slate that includes three new candidates, in advance of the company's annual meeting. GE is in the process of reducing its board size to 12 from 18.
STOCK SYMBOL: GE
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Dean Foods – The food and dairy producer reported adjusted quarterly profit of 25 cents per share, missing estimates by a penny, while revenue was also below Street forecasts. Dean Foods announced plans to consolidate its manufacturing capacity in a move that will results in significant cost savings, and said its overall execution was improving in a challenging marketplace.
STOCK SYMBOL: DF
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American Outdoor, Sturm Ruger – These and stocks of other gun-related manufacturers continue to be on watch today in the aftermath of the recent Florida school shooting and the subsequent backlash. Avis Budget, Delta Air Lines, and United Airlines Group are among the latest companies to eliminate discounts for National Rifle Association members. Additionally, asset manager Blackstone has asked outside fund managers to detail their holdings in gun makers and sellers, and Bank of America and State Street are both asking gunmaking clients how they can help prevent mass shootings.
STOCK SYMBOL: AOBC
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STOCK SYMBOL: RGR
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Fiat Chrysler – The automaker plans to eliminate all diesel passenger vehicles from its automobile lineup by 2022, according to a report in today's Financial Times.
STOCK SYMBOL: FCAU
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Boeing – Boeing would have a 51 percent stake in a new joint venture currently being negotiated with Brazilian aircraft manufacturer Embraer, according to a Brazilian newspaper report.
STOCK SYMBOL: BA
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Energy Transfer Partners – Energy Transfer had the permit for its Bayou Bridge crude oil pipeline revoked by a federal judge in Louisiana, in the wake of protests by environmental groups.
STOCK SYMBOL: ETP
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Madison Square Garden — Investment firm Silver Lake increased its stake in Madison Square Garden – the owner of the NBA's New York Knicks and the NHL's New York Rangers – to 6.3 percent from 4.8 percent, according to an SEC filing.
STOCK SYMBOL: MSG
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HP Inc. – HP was upgraded to "overweight" from "neutral" at JPMorgan Chase, which cited valuation for the new rating. HP shares jumped 3.5 percent Friday following the computer and printer maker's quarterly earnings report, and the firm thinks the positive momentum can continue.
STOCK SYMBOL: HPQ
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Finish Line – Susquehanna upgraded the athletic apparel and footwear retailer to "positive" from "neutral," on more favorable than expected sales and promotional trends.
STOCK SYMBOL: FINL
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Target – Credit Suisse began coverage of the retailer with an "outperform" rating, taking a positive view on what it calls Target's "aggressive strategic changes" in 2017.
STOCK SYMBOL: TGT
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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 Monday, February 26th, 2018! :)
Submitted February 26, 2018 at 08:26AM by bigbear0083 http://ift.tt/2ERFvCW
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