Good morning traders of the r/StockMarket sub! Welcome to a new trading week! Here are your stock market news & movers on this Monday morning-
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Frontrunning: September 17th
- Scattered showers are possible early this week in the flood-ravaged Carolinas after deadly storm Florence continued to drench North Carolina on Sunday, cutting off the coastal city of Wilmington. (Weather Channel)
- South Carolina rivers may begin cresting tonight into tomorrow (USA Today)
- The White House considered in recent days replacing FEMA chief who face accusations of misused resources (WSJ)
- The woman accusing Supreme Court nominee Brett Kavanaugh of sexual misconduct during a high school party in the early 1980s has come forward publicly. Kavanaugh flatly denies the accusation. (Washington Post)
- Three GOP senators weigh in on delaying Kavanaugh vote (CNN) Michael Bloomberg is actively considering a 2020 campaign, concluding that running as a Democrat would be his only path to the White House even as he voices disagreements with progressives. (NY Times)
- Jamie Dimon again walks back Trump criticism, saying he wouldn't make a good candidate (Reuters)
- Meredith Corporation (MDP) has agreed to sell its Time media brand to Marc and Lynne Benioff for $190 million. The deal is unrelated to Salesforce (CRM), where Marc Benioff is chairman and co-chief executive. (CNBC)
- Elon Musk tweeted that Tesla has gone from "production hell to delivery logistics hell," in response to a consumer complaint about delays in delivery of its Model 3 electric sedan. (Reuters)
- Musk wants Tesla to do collision repairs in-house, blaming outside shops for long wait times (CNBC)
- Musk's SpaceX is expected to name the first private passenger to fly around the moon at an event this evening. Musk posted photos Sunday showing a huge rocket that will be used for the mission. (USA Today)
- DowDuPont (DWDP) said CEO Edward Breen will take over as the executive chairman of its specialty-products unit after the chemicals major separates into three different units. (Reuters)
- In separate filings, Campbell Soup (CPB) and activist hedge fund Third Point each urged shareholders of the foodmaker to vote for two completely different board nominee slates. (Reuters)
- Amazon (AMZN) is investigating suspected data leaks and bribes of its employees. Such moves can give an edge to independent merchants who sell their products on Amazon. (WSJ)
- Cautious and clumsy consumers should be prepared to pay more to protect the new, bigger iPhones. The tech giant rolled out additional AppleCare options including monthly plans and theft and loss protection. (USA Today)
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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FRIDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS MONTH'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($MU $ORCL $FDX $AZO $RHT $GIS $CBRL $DRI $APOG $THO $UNFI $CPRT $MLHR $SCS $SMMT $AMRK)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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NONE.
EARNINGS RELEASES BEFORE THE OPEN TODAY:
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NONE.
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:
- AAPL
- TEVA
- APH.CA
- KMPH
- BBBY
- GOV
- TWTR
- AXP
- SIR
- PPL
- ARGX
- VVV
- ADS
- WAB
- TEL
- EBS
- SFM
- ARNC
- FOLD
- CWH
- A
- MCHP
- INO
- SNDX
- CRSP
- PXD
- ADMS
- AWSM
- BCRX
- NIO
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
DowDupont – CEO Edward Breen will become executive chairman of the specialty products company resulting from DowDupont's planned split into three companies next year. That unit will take the DuPont name. It had been previously announced that current DowDupont executive Jim Fitterling will become CEO of Dow Chemical, the name DowDupont will take when the other two companies – to be known as DuPont and Corteva Agriscience – are separated.
STOCK SYMBOL: DWDP
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American Express – The financial services giant was upgraded to "overweight" from "equal-weight" at Stephens, saying Amex is successfully increasing merchant engagement and driving payment volumes higher.
STOCK SYMBOL: AXP
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Bed Bath & Beyond – The household goods retailer's stock was upgraded to "market perform" from "underperform" at Raymond James, saying that sales results should reflect an improved consumer environment.
STOCK SYMBOL: BBBY
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Lululemon – The athletic apparel maker's stock was upgraded to "outperform" from "market perform" at Wells Fargo, which said the company's momentum is likely sustainable well into 2019.
STOCK SYMBOL: LULU
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Tesla – Tesla CEO Elon Musk said the automaker was in "delivery logistics hell," but added that the company was making rapid progress and that the issue should be "solved shortly."
STOCK SYMBOL: TSLA
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Meredith Corp. – Meredith sold its Time media brand to Marc and Lynne Benioff for $190 million. The Benioffs are purchasing Time personally and the deal is unrelated to Salesforce.com, where Marc Benioff is chairman and co-chief executive.
STOCK SYMBOL: MDP
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Campbell Soup – Campbell and activist hedge fund Third Point filed separate preliminary proxy materials urging shareholders to vote for two completely different board nominee slates. Third Point has criticized the food maker's current board and management for failing to implement moves to improve the company's performance.
STOCK SYMBOL: CPB
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Teva Pharmaceutical – Teva's migraine drug Ajovy was approved by the Food and Drug Administration. Teva said the drug should be available in about two weeks.
STOCK SYMBOL: TEVA
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Unilever – Unilever's ninth largest shareholder, Aviva Investors, will vote against the consumer goods giant's plan to move its headquarters to the Netherlands, according to the Financial Times.
STOCK SYMBOL: UL
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Tronc – Tronc is in early stage talks to be acquired by rival newspaper publisher McClatchy, according to sources quoted by the Chicago Tribune. Tronc owns the Tribune, and other major newspapers. New York investment firm Donerail Group has been in talks to buy Tronc since early August, with sources saying that Donerail has offered between $19 and $20 per share.
STOCK SYMBOL: TRNC
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Amazon.com – Amazon is investigating suspected data leaks and bribes of its employees, according to The Wall Street Journal. Such moves can give an edge to independent merchants who sell their products on Amazon. Separately, a Citi analyst report suggests that Amazon could announce in the coming years that it will split its retail and Amazon Web Services businesses.
STOCK SYMBOL: AMZN
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Fiat Chrysler – The automaker is looking at other potential buyers for its Magneti Marelli parts unit, according to a Bloomberg report, after viewing a bid by KKR as too low.
STOCK SYMBOL: FCAU
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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, September 17th, 2018! :)
Submitted September 17, 2018 at 09:26AM by bigbear0083 https://ift.tt/2xqTY27
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