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 21st
- China accused President Donald Trump's administration of being "capricious" over bilateral trade issues. The country also warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington's penchant for brandishing "big sticks." (Reuters)
- German automakers are proposing an end to the European Union's 10 percent import tax on U.S.-made cars, according to the Wall Street Journal. Europe also wants a 25 percent tax on imported pickup trucks, SUVs and big vans scrapped.
- Trump signed an executive order that will keep migrant families together during detention on the U.S.-Mexico border. He backed down from his administration's policy, which for days the White House insisted could only end through congressional action. (CNBC)
- Trump defends his hard-line immigration policies to cheers (AP)
- Exclusive poll: Immigration concern spikes over separated families (Axios)
- The Washington Post has learned that the White House will propose today merging the Education and Labor departments into one federal agency. The plan is also expected to include changes to the way the government provides benefits.
- American Media, the publisher of the National Enquirer, was subpoenaed by federal prosecutors for records related to a $150,000 payment made to ex-Playboy model Karen McDougal, the Wall Street Journal reports, citing sources.
- Pittsburgh communities protested after a Pennsylvania police officer shot unarmed black teenager Antwon Rose. The 17-year-old was shot three times and killed after he and another passenger fled from a car. (USA Today)
- J.P. Morgan (JPM) has quietly been shuttling clients to the bank's technology lab on the West Side of Manhattan for a glimpse at the artificial intelligence-powered servant that the company hopes will soon be able to answer queries and anticipate their needs. (CNBC)
- CNBC has learned that health-tech start-up GoodRx is in talks to be acquired for at least $1.5 billion. GoodRx, which offers a way for people with no or expensive health insurance to save on prescriptions, is on track for $100 million in EBITDA this year.
- Dr. Atul Gawande, a surgeon, Harvard professor and writer for The New Yorker, will lead the joint health-care venture between Amazon (AMZN), J.P. Morgan (JPM) and Berkshire Hathaway (BRK), the three companies have announced. (CNBC)
- Gawande known as a thought leader, not a business leader (CNBC)
- Buffett's investing partner Charlie Munger once gave $20,000 to Gawande (CNBC)
STOCK FUTURES NOW:
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TODAY'S MARKET HEAT MAP:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($MU $ORCL $FDX $KR $RHT $SGH $BB $WGO $DRI $KMX $AOBC $LZB $BKS $MEI $SECO $ATU $PDCO $BNED $CMC $SOL $SCS $AMS)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($MU $KR $DRI $AOBC $BKS $MEI $BNED $PDCO $SCS $CMC $BYSI)
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THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
(N/A)
([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())
EARNINGS RESULTS BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
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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:
- MU
- INTC
- NFLX
- KR
- CASI
- HRTX
- DRI
- RIOT
- GEVO
- AOBC
- AMC
- SOGO
- PYPL
- SPOT
- BB
- WDC
- INCY
- PDCO
- BKS
- VYGR
- VERI
- MESO
- TRUP
- PCRX
- COOL
- SIRI
- PG
- SUPV
- TRIL
- BNED
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Darden Restaurants – The parent of Olive Garden and other restaurant chains reported adjusted quarterly earnings of $1.39 per share, 4 cents a share above estimates. Revenue beat forecasts, as well. Darden also raised its quarterly dividend by 19 percent to 75 cents per share.
STOCK SYMBOL: DRI
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Kroger – The supermarket operator beat forecasts by 10 cents a share, with adjusted quarterly profit of 73 cents per share. Revenue beat forecasts, as well. Same-supermarket sales excluding fuel rose 1.4 percent from the prior year.
STOCK SYMBOL: KR
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AT&T – AT&T unveiled a $15 per month video service named WatchTV, offering a "skinny bundle" of channels to cord-cutters and giving free access to wireless subscribers on unlimited data plans.
STOCK SYMBOL: T
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Verizon – Goldman Sachs upgraded Verizon to "buy" from "neutral," noting underperformance due to a number of different concerns but ultimately concluding that key success factors for Verizon remain unchanged.
STOCK SYMBOL: VZ
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Kimberly-Clark – Morgan Stanley initiated coverage of the consumer products company with an "underweight" rating, noting a difficult competitive environment.
STOCK SYMBOL: KMB
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Nike – UBS downgraded Nike to "neutral" from "buy," saying it has a long-term bullish view on the athletic footwear and apparel maker but that the market has a similar view and that the upbeat outlook is already priced into the stock.
STOCK SYMBOL: NKE
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Spotify – The music streaming service is rated "outperform" in new coverage at Macquarie, saying the evolution of the mobile digital market positions Spotify for years of growth.
STOCK SYMBOL: SPOT
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Micron Technology — Micron reported adjusted quarterly profit of $3.15 per share, 1 cent a share above estimates. The chipmaker's revenue came in very slightly above Street forecasts. Micron also issued an upbeat current-quarter forecast on strong demand for its memory chips.
STOCK SYMBOL: MU
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American Outdoor Brands – American Outdoor beat estimates by 14 cents a share, with adjusted quarterly profit of 24 cents per share. Revenue came in above forecasts, as well. The Smith & Wesson parent also gave strong current-quarter revenue guidance.
STOCK SYMBOL: AOBC
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HP Inc. – HP added $4 billion to its share repurchase program. The computer and printer maker had approximately $1.2 billion remaining in its prior repurchase authorization as of April 30.
STOCK SYMBOL: HPQ
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Qualcomm – Qualcomm is among seven cornerstone investors in China smartphone maker Xiaomi's Hong Kong initial public offering, according to a Reuters report. Those seven investors are said to be contributing $548 million.
STOCK SYMBOL: QCOM
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Carlyle Group – Carlyle has raised $6.55 billion for a new Asia private equity fund, its biggest ever.
STOCK SYMBOL: CG
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Toyota – The automaker is slashing sales and marketing costs, as well as other expenses, to shift resources into research and development, according to people familiar with the matter quoted by Reuters.
STOCK SYMBOL: TM
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CoreCivic, Geo Group – Stocks in the prison operators remain on watch, after rising Wednesday on the idea that they would benefit from President Donald Trump's executive order to end separation of immigrant children from their parents. The order requires immigrant families to be detained together if caught entering the U.S. illegally.
STOCK SYMBOL: CXW
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Comcast – Comcast remains on watch, with Wall Street analysts speculating that the NBCUniversal and CNBC parent will raise its bid for assets being sold by 21st Century Fox, after Walt Disney raised the price negotiated in its original deal with Fox.
STOCK SYMBOL: CMCSA
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Shire – The British drugmaker received Food and Drug Administration approval to make its Cinryze drug available to children aged six years and older. Cinryze is a treatment for a rare swelling disease, and has been approved for use in the U.S. for adults since 2008.
STOCK SYMBOL: SHPG
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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 21st, 2018! :)
Submitted June 21, 2018 at 10:26AM by bigbear0083 https://ift.tt/2ty2pab
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