Good morning traders of the r/StockMarket sub! Happy Wednesday! Here are your pre-market stock movers & news on this Wednesday morning-
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Frontrunning: October 5
- ECB 'taper' talk hits stocks, sterling hits 31-year low (Reuters)
- Crude Rises to Three-Month High After U.S. Stockpiles Plunge (BBG)
- Gross Says He Shortened Duration on Europe After Taper News (BBG)
- Chicago Fed's Evans 'fine' with December hike if data stays firm (Reuters)
- Euro zone business growth at 21-month low in September (Reuters)
- Deutsche Bank Brings Too-Big-to-Fail Quandary Home to Merkel (BBG)
- Twitter Is Expected to Field Bids This Week (WSJ)
- Jack Dorsey Is Losing Control of Twitter (BBG)
- Here's my plan to save Twitter: let's buy it (Guardian)
- Five takeaways from the vice presidential debate (The Hill)
- Clinton: I don’t recall joking about droning Julian Assange (Politico)
- EU Readies Plan for Clearing Crisis, the New Too-Big-to-Fail (BBG)
- Alaska Oil Known Reserves May Have Just Grown 80% on Discovery (BBG)
- Kuroda Fails to Convince Investors Policy Means What He Says (BBG)
- Some Big U.S. Cities See Apartment Rents Fall for First Time in Years (WSJ)
- Gold Looks 25% Overvalued According to Deutsche Bank's Chief Global Strategist (BBG)
- China's southern megacities roll out measures to cool property market (Reuters)
- LendingClub Probe Said to Review Buyback as Laplanche Faced Loss (BBG)
- Baghdad warns of 'regional war' over Turkish military presence (Reuters)
- Coming Soon to Chinese Movie Theaters: Mergers and Acquisitions (WSJ)
- BlackRock Cuts Prices on ETFs Anticipating Greater Passive Shift (BBG)
- The Bond Market Sees More Inflation Ahead (WSJ)
- Apple is named the biggest corporate tax avoider in the US (BBG)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET MAP:
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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:
- MU
- GOOG
- JNUG
- TWTR
- REN
- GPN
- ACIA
- GOOGL
- TRIB
- ANGO
- ENH
- STM
- JDST
- HD
- RIG
- BLK
- YNDX
- GIMO
- STZ
- GDXJ
- NTNX
- GPRE
- AAP
- GNW
THIS MORNING'S PRE-MARKET NEWS MOVERS: MCD, AMZN, STZ, MU, GPN, NFLX, TWTR, SHLD, BX, BLK
McDonald's — The restaurant operator is near a deal to sell 20-year franchise rights in Singapore and Malaysia to Saudi Arabia's Reza Group, according to Reuters, with the potential transaction worth up to $400 million. Reza already operates a number of McDonald's restaurants in Saudi Arabia.
STOCK SYMBOL: MCD
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Amazon.com — Amazon introduced a service called "Prime Reading," which lets Prime members access a variety of books and magazines at no additional charge, even if they don't own one of the company's Kindle e-readers or Fire tablets.
STOCK SYMBOL: AMZN
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Constellation Brands — The spirits maker reported adjusted quarterly profit of $1.77 per share, 12 cents a share above estimates. Revenue also beat forecasts, driven by strong beer sales. Constellation also increased its full-year guidance. Separately, the company bought craft whiskey maker High West Distillery for about $160 million as it moves ahead with plans to expand further into premium liquor.
STOCK SYMBOL: STZ
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Micron Technology — Micron reported an adjusted quarterly loss of five cents per share, smaller than the 12 cents a share loss expected by analysts. The chipmaker's revenue also was better than forecasts on improved pricing. Micron forecast better-than-expected current-quarter profit, as well, but investors are largely discounting that forecast due to an accounting change by Micron and broader market trends.
STOCK SYMBOL: MU
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Global Payments — The provider of payment technology services earned an adjusted 86 cents per share for its latest quarter, three cents a share above estimates. Revenue was also above forecasts. Global Payments raised its full-year forecast, both on the better-than-expected first-quarter performance, as well as the integration of Heartland Payment Systems, which it acquired in April.
STOCK SYMBOL: GPN
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BlackRock — The asset manager is cutting fees for more than a dozen of its exchange-traded funds, helping it better compete with offerings by rivals like Vanguard and State Street.
STOCK SYMBOL: BLK
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Blackstone — The private-equity firm agreed to sell its China-based technology outsourcing unit Pactera Technology International to HNA Group for about $675 million in cash, according to Dow Jones. HNA is a China-based shipping and airline company.
STOCK SYMBOL: BX
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Netflix — Netflix signed an agreement with luxury movie theater chain iPic Entertainment, which will see original movies show in theaters the same day they debut on Netflix.
STOCK SYMBOL: NFLX
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Twitter — Twitter is drawing significant interest from Salesforce.com CEO Marc Benioff as a possible sale approaches, according to The Wall Street Journal. Separately, Twitter finance vice president Todd Morgenfeld is leaving the company to become chief financial officer at Pinterest.
STOCK SYMBOL: TWTR
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Sears — Chief Executive Officer Edward Lampert said the retailer plans to keep operating the Kmart chain, even as it explores options for other parts of the company, such as its Kenmore, Craftsman, and DieHard brands.
STOCK SYMBOL: SHLD
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Endurance Specialty Holdings — Endurance will be bought by Japanese insurer Sompo Holdings for $6.3 billion or $93 per share, compared to yesterday's close of $87.87 for the U.S. based casualty insurer's stock.
STOCK SYMBOL: ENH
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Good trading day to everyone in here on this Wednesday!! :)
Submitted October 05, 2016 at 08:34AM by bigbear0083 http://ift.tt/2dthuCj
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