Good morning traders of the r/StockMarket sub! Welcome to Thursday! Here are your stock movers & news this morning-
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Frontrunning: June 14th
- The Justice Department's internal watchdog is expected to releasetoday a long-awaited report on the FBI's handling of the Hillary Clinton email investigation that she said contributed to her 2016 presidential election loss. (Reuters)
- President Donald Trump is reportedly expected to meet with his top trade advisors today to decide whether to activate threatened tariffs on billions of dollars in Chinese goods. (Reuters)
- China threatens to scrap US trade deals if the White House hikes tariffs (AP)
- U.S., South Korean, and Japanese officials strove to present a unified stance this morning, in an effort to quell concerns about Washington's military commitment to Asia after President Trump's meeting with North Korean leader Kim Jong Un. (CNBC)
- Japan considering Abe-Kim summit with possible Pyongyang visit(Reuters)
- Tough sanctions will remain on North Korea until the rogue nation completes denuclearization, U.S. Secretary of State Mike Pompeo said this morning, apparently contradicting Kim's view that the process agreed to at this week's summit would be phased and reciprocal. (Reuters)
- White House press secretary Sarah Huckabee Sanders played down a report that she plans to quit the Trump administration at the end of the year, but she stopped short of a flat-out denial. (Newsweek)
- Stormy Daniels' lawyer Avenatti and ex-Trump aide Scaramucci go head-to-head on late night (NY Post)
- Stephen Bannon, 10 months removed from the job as Trump's chief strategist and five months after his ouster from conservative news site Breitbart, is betting bitcoin and other cryptocurrencies can disrupt banking the way the president disrupted American politics. (NY Times)
- SEC's policy on cryptocurrencies is confusing. That may be cleared up (CNBC)
- Apple (AAPL) is closing the technological loophole that let authorities hack into iPhones, angering police and other officials and reigniting a debate over whether the government has a right to get into personal devices. (NY Times)
- Microsoft (MSFT) is working on technology that would eliminate cashiers and checkout lines from stores. That would represent a challenge to Amazon's (AMZN) automated grocery stores. (Reuters)
- Players of hit game "Fortnite" have hit out at Sony (SNE) over a problem that has seen users have issues playing the title on a Nintendo Switch console after initially using it on a PlayStation 4. (CNBC)
- SoftBank Group is reportedly in discussions to invest another giant slug of capital in WeWork, with a deal that would value the shared-office company at $35 billion to $40 billion. (WSJ)
- Twitter (TWTR) has retooled its service to more prominently suggest news stories and real-time events for users to follow, in an attempt to stand out with advertisers by emphasizing what's happening now. (Reuters)
- Facebook used less for news as youngsters turn to WhatsApp (Reuters)
- Elon Musk's Boring Company has won the bid to build a high-speed express train to Chicago's O'Hare International Airport, beating a consortium that included an engineering firm that worked on a terminal at London's Heathrow airport. (CNBC)
- Musk buys 72,500 more Tesla shares, upping stake to $11.6 billion(CNBC)
STOCK FUTURES NOW:
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TODAY'S MARKET HEAT MAP:
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TODAY'S S&P SECTORS:
(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($ADBE $GOOS $RH $PLAY $BITA $HRB $KMG $YTRA $MIK $SBLK $CASY $LE $FNSR $KFY $TLRD $SAIC $FRED $JBL $LMNR $OXM $SNOA$APPS $PVTL $JW.A $DTEA $TNP $CRWS $CHKE $CULP $AZRE)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($MIK $TLRD $FRED $SNOA $CULP $MPAA)
(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!)
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!]())
N/A.
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- MIK
- IQ
- TSLA
- ORCL
- NTDOY
- TLRD
- XPO
- RCL
- MYL
- PVTL
- COF
- CMCSA
- FNSR
- TYPE
- TEX
- STLD
- ETSY
- HUYA
- FOXA
- GALT
- XLF
- MD
- KTWO
- REN
- GOGL
- CPLG
- SAGE
- CLVS
- BBW
- PII
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Comcast – Comcast is offering $65 billion for 21st Century Fox assets that Fox had already agreed to sell to Walt Disney. The bid by the NBCUniversal and CNBC parent is worth $35 per share and represents a 20 percent premium over Disney's all-stock offer. Disney is lining up financing for a possible counteroffer that would include a cash component, according to The Wall Street Journal. Fox acknowledged receiving the bid and said it would review it.
STOCK SYMBOL: CMCSA
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Oracle – J.P. Morgan Securities downgraded the business software maker's stock to "neutral" from "overweight," saying the company's fundamental performance has been inconsistent even as the stock price has been rising.
STOCK SYMBOL: ORCL
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Royal Caribbean – The cruise line operator is buying a 66.7 percent stake in privately held luxury cruise line Silversea Cruises for $1 billion.
STOCK SYMBOL: RCL
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Michaels – The crafts retailer beat estimates by a penny a share, with adjusted quarterly profit of 39 cents per share. Revenue also beat forecasts. Michaels posted a comparable-store sales increase of 0.4 percent compared to a year earlier. However, Michaels gave a weaker-than-expected current-quarter forecast and said comparable sales would be about flat.
STOCK SYMBOL: MIK
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Tesla – CEO Elon Musk has bought an additional 72,500 shares of the automaker, worth about $24.9 million, according to a Securities and Exchange Commission filing. Musk now owns about 33.7 million shares worth about $11.6 billion.
STOCK SYMBOL: TSLA
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Tailored Brands – The company reported adjusted quarterly profit of 50 cents per share, 2 cents a share above estimates. The apparel retailer's revenue also topped forecasts. However, the parent of Jos. A. Bank, Men's Wearhouse, and other apparel chains posted a 2.1 percent increase in comparable-store sales, falling below a 2.5 percent consensus estimate.
STOCK SYMBOL: TLRD
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Gap – The apparel retailer named former Billabong International and Eddie Bauer CEO Neil Fiske as president and chief executive officer of its flagship Gap apparel brand.
STOCK SYMBOL: GPS
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Unilever – Unilever said it was "extremely unlikely" that the consumer products maker's stock would remain in Britain's FTSE 100 index once it moves its headquarters to the Netherlands.
STOCK SYMBOL: UL
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General Electric – GE was urged by France's finance minister to stick to its commitment to create 1,000 jobs at energy producer Alstom. GE had made that commitment when it bought Alstom's energy business in 2015, but GE subsequently said the target was out of reach.
STOCK SYMBOL: GE
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Microsoft – Microsoft is working on technology that would eliminate cashiers and checkout lines from stores, according to a Reuters report. That would represent a challenge to Amazon's automated grocery stores.
STOCK SYMBOL: MSFT
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Mylan – The drugmaker said it was informed by the Food and Drug Administration that its generic version of GlaxoSmithKline's inhaled lung drug Advair could not be approved because of "minor deficiencies." It was Mylan's second rejection for its generic Advair product.
STOCK SYMBOL: MYL
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Twitter – Twitter has retooled its service to more prominently suggest news stories and real-time events for users to follow. The changes will be rolled out to Twitter mobile app users over the next few months.
STOCK SYMBOL: TWTR
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Apple – Apple is working on a feature that The Wall Street Journal said may make it more difficult for law enforcement officials to retrieve data from iPhones. Apple said the feature is designed to strengthen safeguards against all potential intruders and that it is not designed to frustrate law enforcement efforts.
STOCK SYMBOL: AAPL
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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 Thursday, June 14th, 2018! :)
Submitted June 14, 2018 at 08:31AM by bigbear0083 https://ift.tt/2JASKKG
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