Good morning traders of the r/StockMarket sub! Welcome to Tuesday! Haven't done one of these in here in a long time. Unfortunately my summer schedule doesn't allow for much free time in the mornings anymore. :P Anyway, here are your stock movers & news this morning-
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Frontrunning: June 5th
- Eight states will hold primaries today, with perhaps the most important contests in California where the top two most popular candidates, regardless of their party, will advance to the general election. Other contests include Iowa and Alabama. (WSJ)
- Sources tell Reuters that Mexico will impose a 20 percent tariff on U.S. pork imports. It was the first time the country provided details of its retaliatory measures to President Donald Trump's tariffs on steel and aluminum. (Reuters)
- Trump rescinded the Super Bowl-winning Philadelphia Eagles' invitation to the White House, saying last night that they are "unable" to attend because they "disagree with their president" on the protests that saw many NFL players kneeling for the National Anthem. (CNBC)
- The Justice Department appealed a federal court ruling that said Trump was violating the constitutional rights of individuals he blocked from viewing his Twitter feed. Trump has said he uses his tweets as a way to get around the mainstream media. (Politico)
- Trump's legal team is preparing for the possibility of a presidential interview, or a legally precarious subpoena battle with Special Counsel Robert Mueller. T* hat comes despite Trump declaring he has powers to blunt the special counsel probe. (Washington Post)
- Most White House staff on Mueller: 'I know nothing' (Axios)
- Fact check: Was Mueller's appointment 'unconstitutional'? (FactCheck)
- Paul Manafort, who has been indicted by Special Counsel Robert Mueller, attempted to tamper with potential witnesses, Mueller said in a filing. Manafort apparently used an encrypted messaging application to try to reach certain witnesses. (CNBC & Reuters)
- Former President Bill Clinton, in an interview with NBC "Today" host Craig Melvin, said that he doesn't owe an apology to Monica Lewinsky, the woman with whom he had an infamous affair when she was White House intern.
- Swiss voters go to the polls Sunday to decide whether the country should switch to a so-called sovereign money system. Supporters of the initiative say approving the measure would make the financial system safer by preventing bankers from recklessly lending. (CNBC)
- Italy's populists are on a roll as coalition looks to pass confidence votes (CNBC)
- A river of lava in Hawaii swallowed about three dozens more homes, officials said. All but a few of the estimated 500 inhabitants of Kapoho and the adjacent Vacationland development are now believed to have fled their homes. (Reuters)
- Elon Musk takes the stage at Tesla's annual shareholder meeting this evening with the gap between the fervor of its fans and the doubts of its skeptics as wide as it's ever been. Here's what to expect. (Fortune)
- Apple (AAPL) unveiled iOS 12, the newest version of its software, during WWDC 2018. The software update will include a number of new features, Apple said, including Siri "Shortcuts," much better notifications and FaceTime group calling. (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
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:
($YY $PANW $AVGO $DVMT $SIG $THO $OKTA $FIVE $DLTH $CLDR $HDS $AMBA $NAV $HQY $SJM $KNOP $COUP $FCEL $MTN $GWRE$HOME $OLLI $FRAN $GIIi $CPST $GCO $CSWC $VRA $FGP $ASNA $HLNE $NX $ROAD $MDB $SFIX $COO $SCWX $UNFI $SEAC $NCS $ZUMZ)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($DLTH $NAV $HDS $HQY $COUP $GIII $FRAN $GCO $ASNA $CSWC $NX $SMAR $TEDU)
(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 LINK!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- TWTR
- VSTM
- YY
- FSLR
- GIII
- GLUU
- MYL
- NAV
- COOL
- COUP
- FRAN
- NWL
- TDOC
- TGTX
- TEDU
- CCL
- SOGO
- DLTH
- RCL
- CALM
- HOFT
- JKS
- HDS
- SMAR
- BB
- NCLH
- HQY
- GCO
- MSBI
- DCPH
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Starbucks — Shares of Starbucks fell more than 1 percent in the premarket after the company announced Howard Schultz is stepping down as executive chairman, effective June 26. The move by Schultz has sparked speculation about a possible future in politics, having been a supporter of former President Barack Obama and former presidential candidate Hillary Clinton.
STOCK SYMBOL: SBUX
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Twitter — The social media company's stock rose more than 4 percent before the bell on news it will replace Monsanto in the S&P 500 index. The change will go into effect before the open on Thursday.
STOCK SYMBOL: TWTR
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Apple — The tech giant announced several new features and upgrades to its product line at its annual developers conference, including a new mobile operating system. The new system, called iOS 12, makes keyboards and cameras on iPhones and iPads respond faster, and includes a set of tools aimed at fighting tech addiction.
STOCK SYMBOL: AAPL
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Mylan — Mylan shares rose more than 4 percent in the premarket after the company, along with India's Biocon, received Food and Drug Administration approval for Fulphila, a biosimilar drug to Neulasta, which aims at reducing the risk of infections during cancer treatment.
STOCK SYMBOL: MYL
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Facebook, Alphabet — Facebook and Alphabet's Google are being sued by Washington state for an alleged violation of state campaign law. State Attorney General Bob Ferguson said the companies failed to disclose ad spending in state elections since 2013.
STOCK SYMBOL: FB
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STOCK SYMBOL: GOOGL
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Take-Two Interactive — BMO Capital Markets downgraded the stock to "market perform" from "outperform," citing a potential slowdown in key gaming franchises like NBA 2K and Grand Theft Auto. "We are concerned investor expectations for the Red Dead Redemption 2 release could be overly optimistic," said the analysts, who also cut their price target on the stock to $116 a share from $135 a share.
STOCK SYMBOL: TTWO
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Palo Alto Networks — Palo Alto Networks reported adjusted earnings per share and revenue for fiscal third quarter that topped analysts' expectations. The company also named Nikesh Arora, a former executive at Google and SoftBank, as its new CEO.
STOCK SYMBOL: PANW
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Discovery — Analysts at MKM Partners upgraded Discovery to "buy" from "neutral," citing an attractive valuation and potential for growth, among other factors. "In our view, Discovery's shares do not adequately reflect the quality of its multi-year growth drivers and its potential upside opportunities," the analysts said.
STOCK SYMBOL: DISCA
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Amazon — Sources told CNBC-TV18 that the e-commerce giant will increase its investment in India to $7 billion from $5 billion. "Amazon is betting big on the India market," one of the sources said.
STOCK SYMBOL: AMZN
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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 5th, 2018! :)
Submitted June 05, 2018 at 09:54AM by bigbear0083 https://ift.tt/2HmJBPJ
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