Good morning traders of the r/StockMarket sub! Welcome to Wednesday! Here are your pre-market stock movers & news this AM-
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Frontrunning: December 12th
- President Donald Trump said it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do. At the same time, the president called Fed Chief Jerome Powell a “good man.” (Reuters)
- Trump signaled he would take responsibility if the government shuts down next week over a fight for border wall funding. Senate Minority Leader Chuck Schumer and Nancy Pelosi were more than happy to agree. (CNBC)
- Publicly, Mike Pence stays quiet for Trump. Privately, he takes on more presidential duties (CNBC)
- Michael Cohen, the former longtime personal lawyer and fixer for President Trump, faces sentencing for a slew of crimes this morning, including ones potentially implicating Trump in illegal conduct. (CNBC)
- A Vancouver judge set a $7.5 million U.S. bail for Huawei CFO Meng Wanzhou, capping a week of increasing trade tensions around the dispute between the DOJ and one of China’s largest hardware companies. (CNBC)
- Trump says he could intervene in Meng case if it helps US-China deal(Reuters)
- A federal judge ordered porn star Stormy Daniels to pay President Trump more than $292,000 in attorneys’ fees and another $1,000 in sanctions in connection with her dismissed defamation suit against the president. (CNBC)
- British Prime Minister Theresa May will face a vote of no-confidence from members of her own Conservative party today. The backlash against her leadership comes as the prime minister tries to salvage her Brexit deal. (CNBC)
- France was on high alert today as hundreds of security forces took part in a manhunt for a gunman. The gunman, thought to be 29-year-old Cherif Chekatt, killed three people and wounded a dozen more at a Christmas market in eastern France. (USA Today)
- Amazon (AMZN) is teaming up with Omron Healthcare, which makes blood pressure monitors, as it looks for new ways to bring its voice tech into health care. Omron’s blood pressure monitor can now integrate with the Amazon Alexa. (CNBC)
- Investors were right to be skeptical of Verizon’s (VZ) acquisitions of AOL and Yahoo. The company wrote off $4.6 billion from its two acquisitions, an admission that Oath hasn’t succeeded within the broader company. (CNBC)
- Tesla (TSLA) is seeking more than $167 million in a lawsuit against former employee Martin Tripp, recent legal filings revealed. The electric carmarker has previously characterized Tripp as a disgruntled ex-employee. (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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TODAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($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 $AXNX)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($AEO $PLAY $PVTL $ARWR $VRA $PLAB $SKIS $MMMB $PHX $AXNX)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
()
([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:
(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 #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #5!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #6!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- PLAY
- NBEV
- BHC
- DIA
- NBIX
- SWIR
- UXIN
- CORT
- EBAY
- TVIX
- VRA
- VZ
- PLAB
- SPY
- IFF
- TLRD
- ABB
- UNM
- PVTL
- LX
- ARRY
- AEO
- QQQ
- H
- BAC
- XLK
- GUSH
- ENB
- MSFT
- ACB
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Verizon was downgraded to “equal-weight” from “overweight” at Morgan Stanley, which notes Verizon’s year-to-date outperformance compared to both the S&P 500 and rival AT&T. Morgan Stanley feels the stock is now fairly valued and that good news is already priced in.
STOCK SYMBOL: VZ
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Mallinckrodt – The Food and Drug Administration declined to approve a reformulated version of the British drug maker’s opioid painkiller Roxicodone. The new version was designed to deter opioid abuse.
STOCK SYMBOL: MNK
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American Eagle Outfitters – American Eagle reported quarterly earnings of 48 cents per share, in line with analyst forecasts. The apparel retailer’s revenue was slightly below forecasts, as was same-store-sales growth of 8 percent.
STOCK SYMBOL: AEO
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Dave & Buster’s Entertainment – Dave & Buster’s beat estimates by six cents with quarterly profit of 30 cents per share, and the entertainment and restaurant chain also saw revenue beat estimates. However, the shares are being pressured on weaker than expected comparable sales as well as a downbeat 2019 revenue growth forecast.
STOCK SYMBOL: PLAY
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First Solar gave an upbeat forecast for fiscal 2019, helping boost the shares in extended hours trading. In October, the solar power systems company had lowered its fiscal 2018 forecast due to lower-than-expected sales of solar modules and higher manufacturing costs.
STOCK SYMBOL: FSLR
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Credit Suisse said it planned to increase its dividend by at least 5 percent from 2019 onward, and announced a $1.5 billion share buyback. The news follows a three-year revamping by the Switzerland-based bank.
STOCK SYMBOL: CS
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Marriott’s recently revealed cyberattack has been linked to a Chinese government spy agency, according to a report in the New York Times. Separately, Marriott and competitors Hyatt and Host Hotels were downgraded to “neutral” from “buy” at Citi, which cited a more cautious view on lodging in general due to heightened macroeconomic concerns.
STOCK SYMBOL: MAR
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Nvidia - Japan’s SoftBank is planning to sell its stake in the graphics chipmaker early in 2019, according to a Bloomberg report citing people familiar with the matter. The sale could provide SoftBank with a profit of about $3 billion.
STOCK SYMBOL: NVDA
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Lululemon was upgraded to “buy” from “neutral” at Citi, which notes that even winning brands among athletic apparel maker have been taken down on fears of a macroeconomic slowdown. However, Citi said Lululemon has improving fundamentals and standout growth prospects.
STOCK SYMBOL: LULU
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Bank of America, Morgan Stanley – The two stocks were both downgraded to “market perform” from “outperform” at Keefe, Bruyette, and Woods amid the firm’s overall downgrade of the banking sector to “market weight” from “overweight”. KBW said it doesn’t see many positive catalysts for the bank stocks heading into 2019, and is cutting its rating on B of A and Morgan Stanley because its previous scenario of improving global growth and solid U.S. economic growth is not playing out as expected.
STOCK SYMBOL: BAC
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STOCK SYMBOL: MS
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EBay – The stock was downgraded to “equal-weight” from “overweight” at Morgan Stanley, which also cut its price target on the online marketplace operator’s stock to $33 per share from $55 based on tepid projections for growth.
STOCK SYMBOL: EBAY
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Pivotal Software lost five cents per share for its third quarter, three cents less than analysts had expected, and the cloud software provider also saw revenue come in ahead of forecasts. Subscription revenue was up 53 percent from a year earlier.
STOCK SYMBOL: PVTL
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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, December 12th, 2018!
Submitted December 12, 2018 at 08:31AM by bigbear0083 https://ift.tt/2UDr35S
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