Good morning traders of the r/StockMarket sub! Happy Tuesday! Here are your Tuesday stock market movers & news-
(FULL SOURCE)
Frontrunning: October 18
- Commodity stocks lift global shares, inflation in focus (Reuters)
- FBI Papers Show State Department Fought Clinton Email Classification (WSJ)
- Russia Declares Pause in Aleppo Bombing so Rebels, Civilians Can Flee (NBC)
- Syria rebels reject Aleppo withdrawal after Russian statement (Reuters)
- UK lawmakers will 'very likely' have to ratify final Brexit deal: government lawyer (Reuters)
- U.K. Inflation Rate Surges to Highest in Almost Two Years (BBG)
- Mosul campaign is a calculated risk for Obama (Reuters)
- UnitedHealth Boosts Forecast as It Puts Obamacare Woes in Past (BBG)
- Norway’s oil fund urged to invest billions more in shares (FT)
- Why Americans Work So Much More Than Europeans (BBG)
- Iraqi Forces Advance to Edges of ISIS-Held Mosul (WSJ)
- The Company Taking Over Breakfast in America (BBG)
- 4-star general snagged for lying in Stuxnet leak probe (Politico)
- How Apple Scaled Back Its Titanic Plan to Take on Detroit (BBG)
- Goldman Sachs’s Asia Pacific Chairman to Retire (NYT)
- At least two dead in explosion at German BASF chemical plant (Reuters)
- Visa CEO Charles Scharf Is Stepping Down (WSJ)
- Big Labor Unions Increase Spending on 2016 Election (WSJ)
- Ukraine's Poroshenko not optimistic about meeting with Putin (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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TODAY'S EARNINGS CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- NFLX
- GS
- CMG
- JNJ
- INTC
- UNH
- IBM
- V
- DPZ
- VRX
- OAS
- CRBP
- SPY
- GOLD
- CMA
- OMC
- MACK
- AMTD
- HOG
- GWW
- DHX
- CY
- BLK
- SWN
- MCD
THIS MORNING'S STOCK NEWS MOVERS: GS, UNH, JNJ, BLK, RF, HOG, CMG, UA, NFLX, IBM, UAL, V, DKS, ALK, F
(source: cnbc.com)
Goldman Sachs — Goldman Sachs on Tuesday reported third-quarter earnings that easily beat on both the top and bottom line, helped by strong gains in trading revenue. Shares spiked more than 1.5 percent in premarket trade. The investment bank posted quarterly earnings of $4.88 a share on revenue of $8.17 billion, up from $6.86 billion in revenue in the same quarter last year. Bottom-line profit surged 58 percent. Analysts had expected Goldman Sachs to report third-quarter earnings per share of $3.82 on revenue of $7.42 billion, according to a consensus estimate from Thomson Reuters.
STOCK SYMBOL: GS
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UnitedHealth Group — The health insurer earned an adjusted $2.17 per share for the third quarter, nine cents above estimates. Revenue also beat forecasts and the company raised its full-year outlook, thanks in part to falling claims costs.
STOCK SYMBOL: UNH
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Johnson & Johnson — J&J came in two cents above estimates with adjusted third quarter profit of $1.68 per share, with revenue beating forecast as well. The company raised its full-year forecast, thanks in part to increased drug sales.
STOCK SYMBOL: JNJ
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BlackRock — BlackRock reported adjusted quarterly profit of $5.14 per share, 14 cents above estimates, with revenue essentially in line. The asset manager said it was able to thrive despite a shift by investors from equities to fixed income and cash assets, with $55 billion in long-term inflows.
STOCK SYMBOL: BLK
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Regions Financial — The regional bank came in three cents above estimates with quarterly profit of 24 cents per share, while revenue was also above forecasts. Regions did see a decline in business loans during an otherwise positive quarter.
STOCK SYMBOL: RF
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Harley-Davidson — The motorcycle maker matched forecasts with quarterly profit of 64 cents per share, and also maintained its motorcycle shipment forecasts for the year.
STOCK SYMBOL: HOG
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Chipotle Mexican Grill — Chipotle was downgraded by Raymond James to "underperform" from " market perform," saying the restaurant chain's lost sales stemming from last year's E. coli scare may be permanent.
STOCK SYMBOL: CMG
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Under Armour — The athletic apparel maker has won its first professional sports uniform deal, according to ESPN. Under Armour will take over from Majestic Athletic as the uniform provider for Major League Baseball beginning with the 2020 season.
STOCK SYMBOL: UA
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Netflix — Netflix doubled estimates with quarterly earnings of 12 cents per share, with revenue very slightly above forecasts. The video streaming service also gave an upbeat outlook for the current quarter, and reported extremely strong subscriber growth.
STOCK SYMBOL: NFLX
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IBM — IBM reported adjusted quarterly profit of $3.29 per share, six cents above estimates, with revenue also above forecasts although it did fall for the 18th consecutive quarter. However, IBM did see its cloud computing and artificial intelligence units–among its newer offerings–post improvements.
STOCK SYMBOL: IBM
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United Continental — The company came in five cents ahead of estimates with adjusted quarterly profit of $3.11 per share, with revenue very slightly exceeding Street forecasts. The airline did say that lower airfares and higher wages will hurt its bottom line for the current quarter.
STOCK SYMBOL: UAL
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Visa — Chief Executive Officer Charles Scharf will step down on December first, to be replaced by former American Express President and current Visa director Alfred Kelly. Scharf told employees in a letter he could no longer spend the time in San Francisco, where Visa is headquartered, to do the job properly.
STOCK SYMBOL: V
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Dick's Sporting Goods — Dick's is preparing a bid for the U.S. units of bankrupt Golfsmith International, according to Reuters. A bid by Dick's would compete with an offer by Worldwide Golf Shops.
STOCK SYMBOL: DKS
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Alaska Air Group — The airline is in talks with the Justice Department to gain approval for its tentative deal to buy rival airline Virgin America, according to a Reuters report. Among the subjects reportedly being discussed is a discontinuation of some of Alaska Air's code-sharing agreements with some of the larger US carriers.
STOCK SYMBOL: ALK
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Orbital ATK — Orbital's unmanned Antares rocket successfully blasted off late Monday for a cargo trip to the International Space Station. That comes two years after one of the company's rockets exploded during liftoff.
STOCK SYMBOL: OA
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Ford Motor — Ford is temporarily shutting down production of its popular F-150 pickup trucks at a Kansas City assembly plant, and plans to do the same at three other plants. The moves will idle about 13,000 Ford hourly workers for the duration of those shutdowns, as Ford deals with slowing sales.
STOCK SYMBOL: F
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DISCUSS!
What is on everyone's radar for today's trading day ahead here at r/StockMarket?
Hope you all have a great trading day ahead here on this Tuesday!
Submitted October 18, 2016 at 08:37AM by bigbear0083 http://ift.tt/2e4iS1U
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