Wednesday, October 31, 2018

r/StockMarket Daily Discussion - Wednesday, Oct. 31st, 2018 [Happy Halloween!]

Good morning traders of the r/StockMarket sub! Welcome to Wednesday! Happy Halloween! Here are your pre-market stock movers & news this AM-


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Frontrunning: October 31st

  • Indonesia's military chief believes the fuselage of the crashed Lion Air plane has been found. The aircraft carrying 189 people, including crew, from Jakarta crashed into the sea off the island of Java on Monday, shortly after take-off. (Reuters)
  • One of the Alphabet (GOOGL) executives accused of sexual misconduct in a bombshell New York Times' report resigned on Tuesday. Richard DeVaul, a director at Alphabet's research lab X, left without an exit package, CNBC confirmed. Axios first reported the news.
  • Robert Mueller, special counsel investigating Russia influence on the 2016 election, has referred to the FBI allegations that women were "offered money" to make "false claims" about him. A conservative commentator tweeted about revealing a "victim" tomorrow. (CNBC)
  • Kanye West said he's "distancing" himself from politics. The controversial rapper, who has become one of Trump's highest-profile celebrity supporters, tweeted: "My eyes are now wide open and now realize I've been used to spread messages I don't believe in." (USA Today)
  • American automaker Ford (F) and Chinese internet giant Baidu (BIDU) announced a tie-up today that will see the two firms jointly test self-driving vehicles in China for two years. Autonomous vehicles developed by the two will not require intervention from a human driver. (CNBC)
  • CVS (CVS) is piloting a membership program called CarePass, which includes free delivery on most prescriptions and online purchases, among other perks. At $48 annually or $5 monthly, the program is less than half the price of an Amazon (AMZN) Prime membership. (CNBC)
  • Bitcoin celebrates its 10th birthday today. The world's first cryptocurrency spawned a multitude of others, brought blockchain technology to global attention, and vexed regulators worried about its misuse. Bitcoin prices have fluctuated wildly. (Reuters)

STOCK FUTURES NOW:

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YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

TODAY'S MARKET HEAT MAP:

(CLICK HERE FOR TODAY'S MARKET HEAT MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S S&P SECTORS:

(CLICK HERE FOR TODAY'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 UPCOMING IPO'S:

(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($FB $AAPL $BABA $GE $IQ $MA $BIDU $EBAY $CHK $XOM $EA $TEVA $GM $UAA $TNDM $BP $SPOT $ON $FDC $ADP $CVX $KO $AMRN$SBUX $X $ABBV $PFE $FIT $PAYC $YNDX $OLED $ABMD $WTW $ANET $WLL $LL $FEYE $DDD $RIG $SNE $KEM $NWL $STX $BAH $FTNT)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($GM $ADP $S $GNC $ANTM $YUM $EL $TAP $EPD $GRMN $ICPT $CVE $CLX $HES $K $HFC $CRTO $ICE $AIT $BAX $ARQL $BG $CAMT $DBD$IGT $TEL $WEX $CG $APO $APTV $BCOR $SNY $LFUS $HSC $IART $DIN $CIM $ACOR $SAIA $MAXR $OMI $SC)

(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:

(N/A.)

([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())

T.B.A.


EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #3!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #4!)

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 #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • FB
  • IQ
  • GM
  • ACAD
  • FEYE
  • S
  • DXR
  • YUM
  • CLVS
  • ICPT
  • TMUS
  • EBAY
  • GRMN
  • ESRX
  • HES
  • BAX
  • K
  • SPR
  • ANTM
  • WEC
  • ICE
  • SAIA
  • EL
  • EA
  • DIA
  • NTLA
  • BG
  • ACB
  • NVDA
  • IGT

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

General Motors – The automaker reported adjusted quarterly profit of $1.87 per share, well above the consensus estimate of $1.25 a share. Revenue also beat forecasts, and GM expects to hit the top end of its projected earnings outlook for the full year. GM's results were helped by higher prices in North America.

STOCK SYMBOL: GM

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Anthem – The health insurer earned an adjusted $3.81 per share for the third quarter, 11 cents a share above estimates. Revenue also cam in above forecasts and Anthem increased its full-year forecast amid a rise in medical enrollment and favorable medical cost trends.

STOCK SYMBOL: ANTM

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Clorox – The household products maker earned $1.62 per share for its latest quarter, 4 cents a share above estimates. Revenue also topped forecasts, however Clorox lowered its full-year outlook, citing cost pressures and unfavorable currency trends.

STOCK SYMBOL: CLX

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Estee Lauder – Estee Lauder beat estimates by 19 cents a share, with quarterly profit of $1.41 per share. Revenue also came in above Street projections. The cosmetics maker saw stronger demand for its luxury skincare products, and also raised its quarterly dividend to 43 cents per share from 38 cents.

STOCK SYMBOL: EL

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Garmin – The maker of GPS products earned an adjusted $1 per share for its latest quarter, beating the 76 cents a share consensus estimate. Revenue also beat expectations and Garmin raised its full-year earnings forecast amid sales growth across all its product segments.

STOCK SYMBOL: GRMN

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Yum Brands – The parent of KFC, Taco Bell, and Pizza Hut beat estimates by 21 cents a share, with adjusted quarterly profit of $1.04 per share. Revenue also came in above estimates. Pizza Hut sales fell, but KFC and Taco Bell saw better-than-expected same-store sales growth.

STOCK SYMBOL: YUM

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Facebook – Facebook reported quarterly profit of $1.76 per share, beating consensus estimates by 29 cents a share. Revenue came in slightly below forecasts, as did its user growth, but Facebook also showed better-than-expected expense control in its latest quarterly numbers.

STOCK SYMBOL: FB

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Electronic Arts – Electronic Arts earned 83 cents per share for its fiscal second quarter, well above the consensus estimate of 58 cents per share. The video game publisher's revenue also came in above forecasts, however the shares are being pressured by weaker-than-expected guidance for net bookings — a metric combining physical and digital sales.

STOCK SYMBOL: EA

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T-Mobile US – T-Mobile beat estimates by 8 cents a share, with quarterly profit of 93 cents per share. The mobile service provider's revenue also came in above forecasts. T-Mobile's results were driven by the addition of 774,000 postpaid phone customers during the quarter.

STOCK SYMBOL: TMUS

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Amgen – Amgen reported adjusted quarterly earnings of $3.69 per share, 24 cents a share above Street forecasts. The biotech firm saw revenue beat estimates as well, and it also raised its full-year guidance. However, Amgen is also seeing lower-than-expected sales of drugs like cholesterol treatment Repatha because of price concessions.

STOCK SYMBOL: AMGN

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MGM Resorts – MGM came in 5 cents a share ahead of estimates, with adjusted quarterly profit of 24 cents per share. Revenue also came in above forecasts and the casino operator saw better-than-expected revenue in Las Vegas, but its China revenue did not meet forecasts.

STOCK SYMBOL: MGM

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Yum China – Yum China reported quarterly earnings of 51 cents per share, 6 cents a share above estimates. The restaurant operator's revenue missed forecasts, however, as comparable-store sales fell by one percent compared to a year earlier. Yum China also announced a 2 cent a share dividend increase to 12 cents per share, and also increased its stock buyback plan.

STOCK SYMBOL: YUMC

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Cheesecake Factory – Cheesecake Factory beat estimates by 4 cents a share, reporting adjusted quarterly profit of 62 cents per share. The restaurant chain's revenue came in below Street forecasts, however, as comparable-restaurant sales increased by a lower than expected 1.5 percent.

STOCK SYMBOL: CAKE

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EBay – EBay reported adjusted quarterly profit of 56 cents per share, 2 cents a share above estimates. The online marketplace operator's revenue was in line with forecasts. EBay saw a 5 percent increase in gross merchandise volume, and a 7 percent revenue jump at its StubHub ticket selling unit.

STOCK SYMBOL: EBAY

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FireEye – FireEye earned an adjusted 6 cents per share for its latest quarter, tripling the consensus estimate of 2 cents a share. The cybersecurity company reported better-than-expected revenue as well, as it signed up more subscribers.

STOCK SYMBOL: FEYE

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Baidu – Baidu issued a lower-than-expected sales forecast for the remainder of the year, with the China-based search engine operator citing uncertainty over the economy, trade issues, and tougher regulations.

STOCK SYMBOL: BIDU

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Arconic – Arconic is in advanced talks to be bought by private-equity firm Apollo Global, according to sources quoted by Reuters. The reported price for the aluminum products maker would be more than $11 billion.

STOCK SYMBOL: ARNC

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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 Wednesday, October 31st, 2018! :)



Submitted October 31, 2018 at 08:56AM by bigbear0083 https://ift.tt/2PwthUO

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