Good morning traders of the r/StockMarket sub! Happy Wednesday! Lots of earnings coming out! Here are your market news & stock movers for today-
(FULL SOURCE)
Frontrunning: October 26
- Florida Once Again a Focus in 2016 Campaign (WSJ)
- Trump Has Slim Edge in Bloomberg Poll of Florida (BBG)
- NATO seeks troops to deter Russia on eastern flank (Reuters)
- Arbs Stay on Sidelines of AT&T-Time Warner Deal (WSJ)
- Holiday Forecast for Apple Crumbles (BBG)
- Saudi Arabia Faces Tough OPEC Equation With Mounting ‘Exemptions’ (BBG)
- Oil Companies Shift Exploration Tactics, Curb Spending (WSJ)
- The SEC’s Beef With Shadow Banks Could Hurt Some Businesses (BBG)
- Calais Jungle clearance resumes, tents and shelters ablaze (Reuters)
- African Terror Franchise Now Has Competition From Islamic State (WSJ)
- Empty Space Haunts 5th Avenue as Retailers Balk at Rent Hikes (BBG)
- Inside the battle to succeed supreme leader Khamenei (FT)
- Delta Creates a Class Higher Than First Class (BBG)
- Apple Pins Hopes on iPhone 7 as Profit, Revenue Decline (WSJ)
- China to carry out more military drills in South China Sea (Reuters)
- Philippines' Duterte tells Japan his China visit was just economics, blasts U.S (Reuters)
- Tata Group in Turmoil After Chairman’s ‘Bizarre’ Ousting (BBG)
- Ousted Tata Chief Says Group Faces $18 Billion in Writedowns (BBG)
- Pope Francis the manager - surprising, secretive, shrewd (Reuters)
- Goldman Hopes You Won’t Notice How Many People It’s Laying Off (BBG)
- Clouds gather in rooftop solar's biggest U.S. market (Reuters)
- Meet the Japanese Tech Billionaire Who Says He Can Do No Wrong (BBG)
- London House Prices Forecast to Plunge as Brexit Chokes Market (BBG)
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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TODAY'S PRE-MARKET ER:
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TODAY'S AFTER-HOURS ER:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- AAPL
- CMG
- UGAZ
- P
- SPY
- BA
- AKS
- BIIB
- KO
- CMCSA
- DGAZ
- EXAS
- LUV
- EW
- CWEI
- AKAM
- NOC
- BSX
- GRMN
- PNRA
- BWLD
- LOGI
- WDC
- WYN
THIS MORNING'S STOCK NEWS MOVERS: KO, CMCSA, BA, NOC, LUV, GRMN, AAPL, CMG, PNRA, JNPR, P, ESRX, AKAM
(source: cnbc.com)
Coca-Cola — The beverage maker reported adjusted quarterly earnings of 49 cents per share, beating Street forecasts by a penny a share. Revenue was also above estimates. Coke said it's had 4 percent organic sales growth so far this year, and has also seen margins expand more than 50 basis points.
STOCK SYMBOL: KO
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Comcast — The NBCUniversal and CNBC parent reported quarterly profit of 92 cents per share, beating estimates by one cent a share. Revenue was above estimates, as well. Comcast said that the Rio Olympics were the most profitable in its history, and also reported upbeat result for cable and for video subscriptions.
STOCK SYMBOL: CMCSA
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Boeing — Boeing beat estimates by 21 cents a share, with adjusted quarterly profit of $2.81 per share. Revenue also beat forecasts, and the aircraft maker raised its full-year revenue and profit forecast.
STOCK SYMBOL: BA
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Northrop Grumman — The defense contractor earned an adjusted $3.02 per share for the third quarter, above estimates of $2.81 a share. Revenue also beat Street forecasts and the company raised its full year 2016 earnings forecast above consensus estimates thanks to improved aerospace sales.
STOCK SYMBOL: NOC
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Southwest Airlines — The airline came in five cents a share above Street estimates, with adjusted quarterly profit of 93 cents per share. Revenue was slightly shy of estimates, however. Southwest benefited from lower fuel prices and record traffic, but the shares were under pressure in premarket trading because of lower-than-expected growth in the key metric of revenue per available seat mile.
STOCK SYMBOL: LUV
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Garmin — The maker of wearable fitness devices came in 21 cents a share above estimates, with adjusted earnings of 75 cents per share. Revenue was also well above estimates on strong growth in its fitness, outdoor, marine, and aviation categories.
STOCK SYMBOL: GRMN
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Apple — Apple reported quarterly profit of $1.67 per share, a penny a share above estimates. Revenue was in line with forecasts, but it did post its first year-over-year decline in profit and revenue since 2001. The company predicted a return to profit growth in the current quarter, helped by iPhone 7 sales.
STOCK SYMBOL: AAPL
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Chipotle Mexican Grill — The restaurant chain saw revenue fall shy of analysts' estimates for its latest quarter, with comparable sales falling a greater-than-expected 21.9 percent. Chipotle gave a somewhat optimistic current-quarter projection for comparable sales, however, saying they would come in down in the low single digits.
STOCK SYMBOL: CMG
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Panera Bread — Panera beat estimates by three cents a share, with adjusted quarterly profit of $1.37 per share. The restaurant chain's revenue also exceeded forecasts. Panera raised its profit forecast, as well, as it continues to enjoy the benefit of higher prices.
STOCK SYMBOL: PNRA
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Generac — The maker of commercial and residential generators beat estimates by five cents a share, with quarterly profit of 82 cents per share. Revenue was also above forecasts. Generac increased its fiscal 2016 outlook for residential sales, helped by an increase in power outages.
STOCK SYMBOL: GNRC
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Edwards Lifesciences — Edwards reported in-line adjusted quarterly profit of 68 cents per share, but the medical device maker's revenue fell short of estimates. The company's results were hurt by lower-than-expected international sales of its heart valve devices, among other factors.
STOCK SYMBOL: EW
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Juniper Networks — Juniper reported adjusted quarterly profit of 58 cents per share, six cents a share above estimates. The networking equipment maker's revenue came in slightly above projections. The company also issued a current-quarter outlook that was slightly higher than Street forecasts.
STOCK SYMBOL: JNPR
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Pandora Media — Pandora lost seven cents per share for its latest quarter, one cent a share wider than anticipated. The music streaming service's revenue also missed forecasts, as did its full-year forecast. Pandora's active users totaled 77.9 million in the quarter, down from 78.1 million in the prior quarter.
STOCK SYMBOL: P
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Express Scripts — Express Scripts matched estimates with quarterly profit of $1.74 per share, but narrowed its full-year guidance while raising the midpoint of that forecast. The pharmacy benefit manager is projecting profit of $1.84 to $1.90 per share, above consensus forecasts of $1.74 a share.
STOCK SYMBOL: ESRX
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Akamai — Akamai came in seven cents a share above estimates, with adjusted quarterly profit of 68 cents per share. Revenue also beat forecasts. The web services company gave strong current-quarter guidance on increasing demand for its cloud security products.
STOCK SYMBOL: AKAM
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Toyota — The automaker is recalling 5.8 million vehicles in Japan, Europe, and China in yet another round of recalls related to faulty Takata airbag inflators, including some that had been used as replacements in a prior recall six years ago.
STOCK SYMBOL: TM
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Vodafone — Vodafone was fined $5.6 million by British regulators for "serious and sustained" customer failures. Regulators say the mobile operator did not act quickly to deal with those issues, largely related to billing procedures.
STOCK SYMBOL: VOD
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Las Vegas Sands, Wynn Resorts — These and other companies operating in Macau may benefit today from news that Macau casino operator Galaxy Entertainment saw profit rise 28 percent in the third quarter. It's the latest sign that the long slump for Macau casino operations may have finally bottomed out.
STOCK SYMBOL: LVS
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STOCK SYMBOL: WYNN
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Wal-Mart Stores — Wal-Mart may reverse its decision to invest in Flipkart, India's largest online retailer. The Economic Times reports that Wal-mart is having second thoughts about its potential $1 billion investment on suspicions that Flipkart may have been inflating its numbers. The report comes in the wake of Flipkart Chief Financial Officer Sanjay Baweja's resignation this week.
STOCK SYMBOL: WMT
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Alphabet — Google Fiber division is looking for a new leader following the resignation of chief Craig Barratt. Barratt will remain an advisor to the company.
STOCK SYMBOL: GOOGL
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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?
Hope you all have a wonderful trading day ahead here on this Wednesday the 26th! :)
Submitted October 26, 2016 at 09:01AM by bigbear0083 http://ift.tt/2f76nCA
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