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 4th
- CNBC has learned Sheldon Adelson, the biggest Republican donor, wants key GOP fundraising groups to shape up after this year's midterm wipeout in the House or risk losing his support for the 2020 election cycle.
- The White House issued a correction stating that a truce between the U.S. and China actually began on December 1. The statement came hours after Trump's chief economic advisor Larry Kudlow said it would begin on January 1. (Axios)
- Trump's trade talks with China are back on — but it's not clear who will lead them (CNBC)
- Paul Manafort, the former campaign chief of President Donald Trump, attempted to broker a deal between Washington and the government of Ecuador over Wikileaks founder Julian Assange, according to a New York Times report.
- Trump demands stiff prison sentence for his ex-lawyer Michael Cohen (CNBC)
- A new filing today could detail how former Trump advisor Mike Flynn has been helping investigators since pleading guilty a year ago, the Wall Street Journal reported, providing a window into the special counsel probe.
- Central American migrants stuck on the threshold of the U.S. in Mexico breached the border fence, risking almost certain detention by U.S. authorities but hoping the illegal entry will allow them to apply for asylum. (Reuters)
- Six former Facebook employees who left the company within the last two years told CNBC they've experienced a rise in contact from current company employees to inquire about opportunities or ask for job references.
- A federal judge is considering halting the integration of CVS Health (CVS) and Aetna (AET) — even though the two companies closed their merger. The judge pointed to concerns from groups about reduced competition. (CNBC)
- A source told CNBC that Marlboro cigarette maker Altria (MO) is in early stage talks to acquire Canadian cannabis producer Cronos(CRON), as it seeks to diversify its business beyond traditional smokers.
- Furniture retailer Ikea announced it will shrink its typically massive store to open its first location in Manhattan with a new "city center" format in 2019. It plans to open 30 small-format stores over the next three years. (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:
($LULU $MOMO $AVGO $AZO $DG $OKTA $ULTA $KR $FIVE $COUP $DOCU $FNSR $RH $MRVL $CLDR $RMR $AEO $BMO $SIG $HPE $TOL $ZS$MDB $THO $PLCE $GMS $HDS $OLLI $PDCO $HQY $AOBC $MOV $SMAR $BNED $DLTH $HOME $CONN $MIK $GIII $AVYA $BIG $FGP)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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N/A.
THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
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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:
- APHA
- CRON
- RH
- DG
- APH.CA
- AZO
- TOL
- MO
- GLD
- CONN
- CRUS
- IQ
- MOV
- ILMN
- ES
- KMX
- JNUG
- WM
- IYR
- MRVL
- TGTX
- EA
- EEM
- PEP
- COUP
- DJIA
- AAPL
- FSLR
- UCO
- TLT
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Toll Brothers – Toll Brothers reported quarterly earnings of $2.08 per share, well above consensus estimates of $1.83 a share. Revenue also beat forecasts, and the luxury home builder said key metrics like deliveries and backlog were at its highest in over a decade. Overall orders declined, however, hurt by rising interest rates and higher home prices.
STOCK SYMBOL: TOL
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Dollar General – The discount retailer earned $1.26 per share for the third quarter, matching estimates, with revenue slightly above Street forecasts. Comparable-store sales were up 2.8 percent, beating the 2.4 percent consensus estimate of analysts polled by Refinitiv. Dollar General lowered its full-year outlook, however, citing greater-than-expected expenses.
STOCK SYMBOL: DG
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Movado Group – The watch maker beat estimates by 6 cents a share, with adjusted quarterly earnings of $1.18 per share. Revenue also topped forecasts and Movado reiterated its prior full-year outlook.
STOCK SYMBOL: MOV
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Kroger – The supermarket chain will expand a pilot program to sell groceries in branded sections at Walgreens. The venture, which is operational in one Northern Kentucky store now, will be expanded to 13 Cincinnati-area stores near Kroger headquarters in early 2019.
STOCK SYMBOL: KR
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HD Supply – The industrial supplier earned an adjusted $1 per share for the third quarter, beating estimates by a penny a share. Revenue also beat Street forecasts, and the company announced the approval of an additional $500 million in share repurchases.
STOCK SYMBOL: HDS
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AutoZone – The auto parts retailer earned $13.47 per share for its latest quarter, beating the consensus estimate of $12.21 a share. Revenue was above estimates as well, and comparable-store sales were up 2.7 percent compared to a 1.7 percent consensus forecasts.
STOCK SYMBOL: AZO
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RH – RH earned an adjusted $1.52 per share for its third quarter, beating the consensus estimate of $1.27 a share. The Restoration Hardware parent's revenue exceeded estimates, as well, and it raised its current-quarter earnings and revenue guidance. The furniture retailer said revenue was negatively impacted this past quarter by tariff-related delays.
STOCK SYMBOL: RH
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Apple – HSBC downgraded Apple to "hold" from "buy," saying that although it is bullish on U.S. demand, it is more bearish on emerging market potential. HSBC also said it thinks Apple can grow services revenue and profits but that hardware business growth will be more difficult to achieve.
STOCK SYMBOL: AAPL
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Cirrus Logic – Cirrus Logic cut its fiscal third-quarter guidance due to weakness in the smartphone market. The chip maker is a key supplier of audio chips for Apple's iPhones.
STOCK SYMBOL: CRUS
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Boeing – Boeing could see Lion Air cancel jet orders in a dispute between the two over a 737 crash in late October, according to sources quoted by Reuters. No final decision has been made over the $22 billion in orders still scheduled to be delivered to Lion Air.
STOCK SYMBOL: BA
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Amgen – Amgen's multiple myeloma treatment known as AMG420 received a "fast track" designation from the Food and Drug Administration, speeding up its path to possible approval. The biotech company said seven of 10 patients given the second highest does of the drug responded to treatment, with four having no detectable cancer.
STOCK SYMBOL: AMGN
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Liberty Media – Liberty is preparing to seek a 35 percent stake in radio station operator iHeartMedia, according to the New York Post. The paper said Liberty's John Malone wants to combine iHeart with his other music properties like SiriusXM and Live Nation.
STOCK SYMBOL: LILA
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Waste Management – Waste Management got a double upgrade from Goldman Sachs, which moved the waste processing company's stock rating to "buy" from "sell." Goldman has a positive view on the sector, and notes that Waste Management has the lowest price-to-earnings multiple among its peers. It also raised the price target on the stock to $107 from $84.
STOCK SYMBOL: WM
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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 4th, 2018!
Submitted December 04, 2018 at 08:37AM by bigbear0083 https://ift.tt/2KSXbhb
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