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: June 26th
- President Trump's clout within the GOP is on the line in today's elections. Voters will weigh in on candidates in seven states, but the contest that matters most to Trump is South Carolina, where he appeared at a rally to help Gov. Henry McMaster before polls opened. (AP)
- Top tech companies, including Amazon and Apple, met with U.S. intelligence officials last month to discuss preparations for the midterm elections, The New York Times reported. It came in anticipation of a repeat of the Russian meddling that occurred during the 2016 election.
- Peter Navarro, one of Trump's top trade advisors, said the market was overreacting Monday to fears the administration would restrict foreign investment as part of its trade actions. He said investors should focus on the White House's efforts to protect American exports.
- Border officials have suspended handing over migrant families to prosecutors, effectively reviving the Obama administration’s “catch and release” policy that has angered Trump. Prosecutions of adults crossing the border without children continued. (NY Times)
- Despite public outrage over Trump's immigration policy of separating children from their parents who crossed into the U.S. unauthorized, the president's approval rating has not deviated from its recent upward trend, according to recently released surveys. (CNBC)
- Conservative Rep. Steve King tweeted the U.S. is heading toward another civil war. The tweet came with a link to an article about a group of protesters who were staging an "occupy"-style campout in front an Immigration and Customs Enforcement holding facility. (USA Today)
- Jerry Storch, a former CEO of bankrupt Toys R Us, is considering reviving the toy retailer, according to Bloomberg. He has been working with Credit Suisse Group and Fairfax Financial Holdings to stitch his plan together. Toys R Us finishes shuttering its locations this week.
- A new survey finds it's still tough to be a woman on Wall Street and men don't always notice. A Catalyst study reports that fewer than 17 percent of senior leaders in investment banking are women. All the top banks are run by men.
- Elon Musk has been running a secretive, highly selective private schoolout of SpaceX’s headquarters in California, according to a report. There is heavy emphasis on math, science, engineering and ethics — at the expense of instruction in languages, music and sports.
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:
($NKE $CCL $LEN $WBA $GIS $PAYX $STZ $RAD $FDS $JKS $ACN $KBH $BBBY $INFO $MKC $SCHN $UNF $CAG $APOG $CUK $SONC$GMS$AVAV $PIR $EROS $SNX $LNN $OMN $SJR $FUL $XPLR $CAMP $PRGS $NG $FC $DTRM $IRET $GBX $DAC)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
(N/A)
([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:
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THIS MORNING'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- AKAO
- GE
- HOG
- LEN
- JKS
- SPPI
- INNT
- TAL
- FDS
- GLD
- USLV
- INFO
- MGM
- CPRT
- NKE
- ABIL
- TJX
- NFLX
- TEN
- CAR
- GWPH
- DBX
- GEMP
- CTL
- SONC
- AKAM
- GNT.X
- CF
- ARW
- VIPS
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
General Electric – GE announced plans to spin off its health-care unit, selling 20 percent and distributing the rest to shareholders, and it will also exit its stake in Baker Hughes over the next two to three years. Today is also the first time since 1907 that the Dow Jones Industrial Average will trade without GE as a member, with the stock replaced in the Dow by Walgreens Boots Alliance.
STOCK SYMBOL: GE
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Lennar – The home builder beat Wall Street forecasts on both the top and bottom lines with its second-quarter earnings, as new orders surged more than 62 percent from a year ago and home prices increased by more than 10 percent.
STOCK SYMBOL: LEN
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FactSet Research Systems – The financial information services provider reported adjusted quarterly profit of $2.18 per share, 5 cents a share above estimates. Revenue came in slightly above forecasts. FactSet said it was benefiting from a successful integration of its acquisitions as well as boosting organic growth.
STOCK SYMBOL: FDS
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Harley-Davidson– Harley remains on watch, after enduring criticism from President Donald Trump for its plans to move some production out of the U.S. because of European Union tariffs. Harley shares fell yesterday after the motorcycle maker said that the tariffs would add $2,200 to the cost of each motorcycle exported to the EU from the U.S.
STOCK SYMBOL: HOG
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Vale, BHP Billiton – The mining companies have signed a settlement with Brazilian authorities that settles a $5.3 billion lawsuit over the 2015 dam disaster that killed 19 people.
STOCK SYMBOL: VALE
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GW Pharmaceuticals – GW won Food and Drug Administration approval for its drug to treat epilepsy, the first-ever cannabis-based treatment to be approved in the United States.
STOCK SYMBOL: GWPH
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Northrop Grumman – The defense contractor struck a deal to sell six U.S. Titan drone aircraft to the Australian government in a $5.1 billion deal.
STOCK SYMBOL: NOC
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TJX Cos. – The parent of Marshall’s and TJ Maxx was downgraded to “neutral” from “overweight” at Atlantic Equities, which cited valuation as its key reason. The retailer’s stock is up more than 24 percent so far this year.
STOCK SYMBOL: TJX
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AMC Networks – AMC was downgraded to “neutral” from “buy” at Goldman Sachs, which points to slower advertising growth at the cable television channel provider.
STOCK SYMBOL: AMCX
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Ocwen Financial – Ocwen named its chief investment officer John Britti as interim CEO upon the retirement of current CEO Ronald Faris at the end of this month. Ocwen is in the process of acquiring financial services company PHH Corp., and when that deal closes later this y ear, former PHH CEO Glen Messina will take the same job at Ocwen.
STOCK SYMBOL: OCN
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Copart – Copart will be joining the S&P 500 prior to the open on July 2. The provider of online auction and vehicle marketing services will replace Dr Pepper Snapple, which is in the process of merging with Keurig Green Mountain and will no longer be eligible for inclusion in the S&P 500 following that transaction. Copart’s place in the S&P MidCap 400 will be taken by cancer treatment developer Exelixis.
STOCK SYMBOL: CPRT
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MGM Resorts – MGM was downgraded to "neutral" from “buy” at Goldman Sachs and removed from Goldman’s “Conviction List,” citing delays in various positive factors taking hold including an expected recovery at MGM’s Mandalay Bay property.
STOCK SYMBOL: MGM
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Spotify – Spotify was rated “overweight” in new coverage at Barclays, citing the streaming music service’s ability to innovate, create best-in-class products and user experiences.
STOCK SYMBOL: SPOT
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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, June 26th, 2018! :)
Submitted June 26, 2018 at 08:59AM by bigbear0083 https://ift.tt/2KaK4uD
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