Good morning traders of the r/StockMarket sub! Welcome to Tuesday! Here are your pre-market stock movers & news this AM-
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Frontrunning: December 11th
- Google CEO Sundar Pichai put an emphasis on the company’s patriotism in his prepared remarks for today’s congressional hearing. Pichai will likely face questions about the Alphabet unit’s purported bias against conservative content on search and YouTube. (CNBC)
- Apple (AAPL) filed an appeal to overturn a broad iPhone sales ban in China. On Monday, a court there granted Qualcomm’s (QCOM) request for two preliminary injunctions against four of Apple’s Chinese subsidiaries for patent infringement. (CNBC)
- The CFO of Chinese telecommunications giant Huawei is set to return to a Vancouver courtroom today as a judge considers final issues in determining whether * Meng Wanzhou should be freed on bail while awaiting proceedings on extradition to the U.S. (Reuters)
- With a $120 million severance package on the line, the investigation into sexual-misconduct claims against ousted CBS CEO Les Moonves looms over the network’s twice-delayed annual shareholders meeting today. (AP)
- When Trump faces Nancy Pelosi and Chuck Schumer today to talk about waysto avoid a government shutdown, the president’s favorite Democratic foils carry a lot more leverage than they have held at any point in the nearly two years since he took office. (CNBC)
- The Trump administration is expected to unveil details of a new proposal to rollback of an Obama-era clean water regulation that’s become a rallying cry for farmers and property-rights activists opposed to federal overreach. (USA Today)
- Britain’s parliament plans to vote on whether to approve Prime Minister Theresa May’s Brexit deal before Jan. 21. May had been due to hold the vote this evening, but announced Monday she would defer it. (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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TODAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($ADBE $AEO $SFIX $COST $DSW $PLAY $CIEN $PVTL $ASNA $INSE $FRAN $GTIM $CDMO $ASPU $ARWR $DLHC $CASY $PLAB $VRA $NCS$NX $TLRD $SEAC $ROAD $CHKE $IRET $OXM $NDSN $FTI $VERU $PHX $CIVI $SKIS $SMMT $PURE $STRM $MMMB $AXNX)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($SFIX $DSW $FRAN $ASNA $CASY $ASPU $SMMT $CDMO $NX $SEAC $ROAD $IRET $STRM)
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THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
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([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())
T.B.A.
EARNINGS RELEASES 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:
- DSW
- SFIX
- T
- SPY
- AEO
- OMER
- SFE
- CASY
- PTLA
- ENTX
- WATT
- AJG
- CBS
- TVTY
- MFC
- LECO
- CAMP
- VZ
- TVIX
- MSFT
- IYR
- UBS
- GOOG
- UVXY
- TSLA
- F
- HBAN
- VXX
- SPX
- PLAY
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
DSW– The shoe retailer reported adjusted quarterly profit of 70 cents per share, above the consensus estimate of 51 cents. Revenue was also above forecasts, with comparable store sales up 7.3 percent compared to a consensus forecast of 4.6 percent. DSW also raised its full-year guidance.
STOCK SYMBOL: DSW
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Ford, General Motors, Fiat Chrysler, Tesla and other auto stocks are rising this morning following a Bloomberg report that China is moving toward cutting its tariffs on US-made cars.
STOCK SYMBOL: F
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CVS Health was rated “outperform” in new coverage at Leerink, noting the increased optimism about benefits stemming from the drug store chain’s acquisition of health insurer Aetna.
STOCK SYMBOL: CVS
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Under Armour fired two marketing executives after reviewing their expenses, according to the Wall Street Journal. The paper said the athletic apparel maker conducted an internal review of the department’s spending, and removed the two executives from their roles last week.
STOCK SYMBOL: UAA
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Ascena Retail earned an adjusted 6 cents per share for its latest quarter, with the apparel retailer also seeing revenue come in slightly above expenses. The Ann Taylor parent also said it expects a 2 to 4 percent rise in comparable store sales for fiscal 2019, which ends in July.
STOCK SYMBOL: ASNA
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Stitch Fix shares are under pressure after the online styling service said it does not expect subscriber numbers to increase in the holiday quarter. The stock had initially surged after Stitch Fix reported quarterly profit of 10 cents per share, beating the consensus estimate of 3 cents.
STOCK SYMBOL: SFIX
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WPP will spend about $382 million over three years to revamp its operations, and cut a total of 2,500 jobs. The moves are part of a drive by new CEO Mark Read to stem a slide in sales and profits for the advertising giant.
STOCK SYMBOL: WPP
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Sundar Pichai, the CEO of Alphabet’s Google unit, appears before the House Judiciary Committee on Tuesday, and is expected to address questions about the company’s handling of a data breach, among other matters.
STOCK SYMBOL: GOOGL
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Intel - A New York Times article is highlighting Amazon’s push into computer chips, suggesting that the move could pose a threat to the chip giant.
STOCK SYMBOL: INTC
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Pfizer was downgraded to “neutral” from “overweight” at J.P. Morgan Securities in a valuation call. The drug maker’s shares are up nearly 23 percent this year and stand close to the firm’s $46 price target.
STOCK SYMBOL: PFE
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AT&T was upgraded to “buy” from “neutral” at Citi, citing an improvement in competitive position and a more measured promotional environment for the wireless services market.
STOCK SYMBOL: T
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CBS has made little progress in finding a permanent successor to ousted CEO Leslie Moonves, according to the Wall Street Journal.
STOCK SYMBOL: CBS
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Canada Goose – The outerwear maker is an apparent target of a boycott from Chinese consumers, according to the Global Times, due to the arrest in Canada of Huawei CFO Sabrina Meng.
STOCK SYMBOL: GOOS
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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, December 11th, 2018!
Submitted December 11, 2018 at 08:55AM by bigbear0083 https://ift.tt/2LaoCU1
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