Good morning traders of the r/StockMarket sub! Welcome to a new week, fresh start! Here are your pre-market stock movers & news this AM-
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Frontrunning: December 17th
- Recent economic data have reignited worries of economic slowdown around the globe and kept a lid on stock returns.
- The Dow fell nearly 500 points and the S&P 500 closed down 1.9 percent on Friday to 2,599.95 — its lowest closing level since April.
Dow Jones Industrial Average futures pointed to a slightly negative start for Monday’s open after all three major U.S. indexes closed in correction territory for the first time since March 2016 in the prior trading session.
Dow futures implied a slide of about 52 points at the open on Monday, as of 7:45 a.m. ET. S&P 500 and Nasdaq futures also pointed to a slightly lower open.
Recent economic data have reignited worries of economic slowdown around the globe and kept a lid on stock returns. The Dow fell nearly 500 points and the S&P 500 closed down 1.9 percent on Friday to 2,599.95 — its lowest closing level since April — after China reported industrial output and retail sales growth numbers for November that missed expectations.
The latest economic data offered yet another hint that Beijing’s economy may be decelerating amid rising trade risks as President Xi Jinping tries to broker a permanent truce with President Donald Trump. The two nations have slapped tariffs on billions of dollars worth of goods over the past year as disagreements over the handling of intellectual property and a yawning trade deficit pit the world’s two largest economies against each other.
Investors are also on edge ahead of the December meeting of the Federal Reserve’s policymaking arm. The Federal Open Market Committee is expected to hike its benchmark overnight lending rate for a fourth and final time of 2018 this week. While fears of rising interest rates and an ambitious Fed have spooked markets throughout 2018, such concerns have evolved over the past month as inflation and growth expectations recede.
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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TODAY'S MARKET HEAT MAP:
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FRIDAY'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:
($MU $FDX $NKE $BB $ORCL $RHT $GIS $DRI $RAD $PAYX $NCS $FDS $NAV $WOR $ACN $HEI $CSBR $WBA $KMX $SCS $LOVE $CAG $JBL$WGO $CCL $APOG $MLHR $NEOG $CTAS $PIR $SAFM $ABM $AIR $CAMP $ATU $REVG $SCHL $LAKE $TWST)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
()
([CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!]())
NONE.
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:
([CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!]())
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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(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:
- BTC.X
- JNJ
- JACK
- GS
- CRBP
- MDRX
- LTC.X
- REZI
- SPAR
- EMR
- WCG
- STOR
- SMG
- CPK
- ERJ
- CUE
- XLF
- FDX
- ADS
- G
- CSL
- DORM
- SPX
- GOOS
- ATNX
- NBEV
- BKS
- LOOP
- SCG
- ENDP
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Boeing, Embraer – The jet makers announced they had finalized the terms of a joint venture first announced in July, in which Boeing will pay $4.2 billion for an 80 percent stake. The partnership, which still needs Brazilian government approval, would be comprised of Embraer’s commercial aircraft and services operations.
STOCK SYMBOL: BA
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HCA, Humana, UnitedHealth – These and other health-care stocks are on watch after a federal judge ruled the Affordable Care Act as unconstitutional in a case that is seen as likely to go all the way to the U.S. Supreme Court.
STOCK SYMBOL: HCA
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Best Buy – Bank of America/Merrill Lynch downgraded Best Buy to “underperform” from “neutral,” noting overall deceleration in industry growth trends as well as its continued caution on key areas for the electronics retailer, such as TVs.
STOCK SYMBOL: BBY
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Jack In The Box – The restaurant chain said it is exploring a number of strategic and financial alternatives to maximize shareholder value, including a possible sale.
STOCK SYMBOL: JACK
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PG&E – California regulators say the utility company falsified natural gas pipeline safety records for years. An investigation found PG&E did not have sufficient staff to fulfill required inspections, and pressured employees to complete the work. PG&E said it is taking actions in response to the state’s findings.
STOCK SYMBOL: PCG
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Bristol-Myers Squibb – The drugmaker is near a deal to sell its French over-the-counter drug business to Japan’s Taisho Pharmaceutical for $1.6 billion, according to a Bloomberg report.
STOCK SYMBOL: BMY
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Alphabet – The company’s Google unit announced a $1 billion investment to establish a new campus known as Google Hudson Square in New York City.
STOCK SYMBOL: GOOGL
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ABB – The Swiss engineering company ABB is selling an 80.1 percent stake in its Power Grids division to Japan’s Hitachi for $11 billion.
STOCK SYMBOL: ABB
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Amazon.com – Amazon is sharpening its focus on the bottom line and making moves to remove unprofitable items from its site, according to The Wall Street Journal.
STOCK SYMBOL: AMZN
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EQT – EQT’s board is asking to meet with major shareholders Toby and Derek Rice for talks after the two threatened a board challenge, according to a Reuters report. The Rice family sold Rice Energy to EQT for $6.7 billion last year and now own a 2.75 percent stake, but is said to be unhappy with the energy producer’s direction.
STOCK SYMBOL: EQT
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Lululemon – Lululemon was upgraded to “buy” from “hold” at Stifel Nicolaus, which said it sees positive sales momentum at the athletic apparel maker that puts it on target for double-digit revenue growth.
STOCK SYMBOL: LULU
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Goldman Sachs – Goldman is the target of criminal charges in Malaysia stemming from the 1MDB scandal. Charges were also filed against two former employees in the case involving alleged money laundering at the state-run fund.
STOCK SYMBOL: GS
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Stanley Black & Decker – The tool maker was upgraded to “buy” from “hold” at Deutsche Bank, saying it continues to like the company’s fundamentals and is now less concerned than it was previously about the possible impact of tariffs.
STOCK SYMBOL: SWK
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Sherwin-Williams – The paint maker was upgraded to “overweight” from “neutral” at JPMorgan Chase, which thinks coatings companies will benefit from positive pricing momentum.
STOCK SYMBOL: SHW
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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, December 17th, 2018! :)
Submitted December 17, 2018 at 08:34AM by bigbear0083 https://ift.tt/2CgQZgf
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