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 5th
- U.S. Stocks Set for Sharp Drop at Open (WSJ)
- Bitcoin Drops 10% as Cryptocurrencies Sink (BBG)
- A decade after recession, a jump in U.S. states with wage gains (Reuters)
- Democrats See Campaign Issue in House GOP Memo Alleging Bias (BBG)
- Trump accuses House intel panel's top Democrat of leaking information (Reuters)
- Tech Giants Are in No Rush to Spend Overseas Cash (WSJ)
- Here’s the Trump Tax Loophole Your Accountant Can Blow Wide Open (BBG)
- Senators Aim to End Budget Impasse With ‘Dreamers’ Bill (WSJ)
- Warring Conservatives Force May Into New Red Line on Brexit (BBG)
- Merkel, SPD Push Ahead in Government Talks After Missed Deadline (BBG)
- House to Consider Releasing Democrats’ Surveillance Memo (WSJ)
- Broadcom sweetens Qualcomm bid, calling it the final offer (Reuters)
- The Latest Victim of China’s Great Firewall: Cryptocurrency Websites (WSJ)
- Dear Jay: High-Powered Advice for the Incoming Fed Chairman (BBG)
- Japan’s Famed Manufacturing Model Is Facing a Crisis (WSJ)
- Samsung Heir Lee Freed After Court Suspends Jail Term (BBG)
- Euro-Area Companies Boost Jobs as Output Nears 12-Year High (BBG)
- Banks Double Down on Branch Cutbacks (WSJ)
- Microsoft Says It’s True: Cat Videos Distract Workers (BBG)
- U.S. consumer protection official puts Equifax probe on ice (Reuters)
- Erdogan and pope discuss Jerusalem as scuffles break out near Vatican (Reuters)
- Jury to hear opening statements in Waymo-Uber trial over autonomous car secrets (Reuters)
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
(CLICK HERE FOR FRIDAY'S MARKET HEAT MAP!)
FRIDAY'S S&P SECTORS:
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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:
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THIS WEEK'S EARNINGS CALENDAR:
($NVDA $TSLA $TWTR $SWKS $SNAP $DIS $ATVI $GILD $GM $CMG $BMY $AGN $TEVA $TTWO $BP $COHR $SYY $REGN $NTES $FEYE $ARNC$CVS $EXPE $SKX $HES $BAH $CMI $OCLR $GOLD $CHD $IRBT $LITE $GRUB $CTLT $GOOS $HAS $KORS $MCY $TRVG $ONVO $PM)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($BMY $ON $SYY $ARNC $BAH $HES $GOLD $CHD $CTLT $MCY $SALT $NMM)
(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:
- SPY
- UVXY
- QCOM
- TVIX
- AVGO
- WFC
- SVXY
- BMY
- ARNC
- VXX
- ON
- CHD
- HES
- BAH
- CTLT
- VKTX
- CHTR
- KND
- BG
- VFC
- CRUS
- SYY
- MGEN
- XIV
- RDFN
- NFG
- OSTK
- BTC.X
- UWT
- IWM
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Wells Fargo – Federal Reserve said it is restricting the bank's size in response to "widespread consumer abuses." Wells Fargo said it will replace four board members, three by April. The bank's shares were downgraded by at least five firms on Monday, including JPMorgan, Citigroup, and Morgan Stanley.
STOCK SYMBOL: WFC
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Broadcom – Broadcom raised its takeover offer for rival chipmaker Qualcomm to $82 per share, consisting of $60 per share in cash and the rest in stock. Broadcom is calling this bid its "best and final offer."
STOCK SYMBOL: AVGO
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Bristol-Myers Squibb – The drugmaker reported adjusted quarterly profit of 68 cents per share, one cent a share above estimates. Revenue also beat forecasts and the company announced that its cancer drug Opdivo has been approved for use in patients with a certain type of melanoma. The company also did well in clinical trials as part of a combination treatment with certain lung cancer patients.
STOCK SYMBOL: BMY
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Boeing – Boeing may be interested in bidding for a Canada jet fighter contract despite the ongoing trade dispute involving Canada's Bombardier, according to a senior executive. Boeing has until February 9 to decide to bid. Separately, UPS placed an order for 14 747-8 freighters, easing doubts about that aircraft's future.
STOCK SYMBOL: BA
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Equifax — The probe of Equifax has been pulled back, according to Reuters quoting people familiar with the matter. Former consumer protection bureau head Richard Cordray is said to have authorized an investigation of Equifax's massive data breach, which it revealed in September, but Reuters reports the probe has sputtered under current head Mick Mulvaney.
STOCK SYMBOL: EFX
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Apple — Apple Music is growing faster than music streaming rival Spotify in the U.S., according to The Wall Street Journal, and is on pace to surpass Spotify's subscriber numbers this summer.
STOCK SYMBOL: AAPL
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Amazon.com – Amazon has settled its tax dispute with France, according to reports out of Europe, although terms were not disclosed. France had claimed Amazon owed nearly $250 million in back taxes and penalties.
STOCK SYMBOL: AMZN
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Pfizer – Pfizer has gotten only two bids for its consumer unit, according to a Bloomberg report. GlaxoSmithKline and Reckitt Benckiser are the only companies to bid, with rival candidates having walked away. Analysts say the unit could be worth between $15 billion and $20 billion.
STOCK SYMBOL: PFE
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Lowe's – Lowe's was upgraded to "buy" from "hold" at Jefferies, which also called the home improvement retailer's stock its "franchise pick" for 2018. Jefferies thinks Lowe's can triple its earnings per share over the next five years, thanks to changes that will close profit and productivity gaps with competitors.
STOCK SYMBOL: LOW
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Charter Communications – The cable and broadband provider was upgraded to "outperform" from "market perform" at Wells Fargo, which said it has renewed confidence in a successful turnaround after the company's last earnings call, despite a tough competitive environment.
STOCK SYMBOL: CHTR
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Church & Dwight – The maker of Arm & Hammer baking soda and numerous other consumer products reported adjusted quarterly profit of 52 cents per share, 2 cents a share above estimates. Revenue beat forecasts, as well. The company also raised its quarterly dividend by 14% to 21.75 cents per share.
STOCK SYMBOL: CHD
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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 5th, 2018! :)
Submitted February 05, 2018 at 08:39AM by bigbear0083 http://ift.tt/2GPvHqj
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