Good morning traders of the r/StockMarket sub! Happy Thursday! Here are your pre-market stock movers & news on this Thursday morning-
(CLICK HERE TO VIEW THE FULL SOURCE!)
Frontrunning: October 6
- Millions flee as Southeast U.S. braces for Hurricane Matthew (Reuters)
- Hurricane Matthew Is a $15 Billion Threat Headed to Florida (BBG)
- Three Risks to the Global Financial System as Debt Hits Record Levels (WSJ)
- Deutsche Bank’s $14 Billion Scare (BBG)
- Deutsche Bank Mismarked 37 Deals Like Paschi’s, Audit Says (BBG)
- Monte Paschi Said to Plan Debt-Swap Deadline Before Italian Poll (BBG)
- Donald Trump Often Made Donations to State Attorneys General Reviewing His Business (WSJ)
- Iraq requests U.N. emergency meeting on Turkish troops in north (Reuters)
- Saudi Aramco prepares to publish accounts for the first time (FT)
- International observers will watch U.S. vote closely (Reuters)
- Some Big U.S. Cities See Apartment Rents Fall for First Time in Years (WSJ)
- Dozens of Afghan troops missing from military training in U.S. (Reuters)
- Uber Slayer: How China’s Didi Beat the Ride-Hailing Superpower (BBG)
- 7-Eleven Seeks North American Expansion, in Bow to Daniel Loeb (WSJ)
- Pound Rally Didn’t Last Long as Brexit Concern Sparks Selling (BBG)
- Lawmakers Accuse Mylan of Overcharging Government for EpiPen (WSJ)
- Wal-Mart's next move against Amazon: More warehouses, faster shipping (Reuters)
- Goldman Employees to Pull $300 Million From Omega Advisors (BBG)
- Philippines' Duterte says if EU, U.S. want to halt assistance 'go ahead' (Reuters)
- Wall Street Might Have a Blind Spot When It Comes to Trump (BBG)
- India arrests 70 call-center workers accused of duping U.S. citizens (Reuters)
- Greek islanders tipped for Peace Nobel stoic about nomination (Reuters)
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
YESTERDAY'S MARKET MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
TODAY'S EARNINGS CALENDAR:
(CLICK HERE FOR TODAY'S EARNINGS CALENDAR!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- TWTR
- CRM
- TSLA
- NVDA
- DIS
- NFLX
- ALNY
- WMT
- GOOGL
- T
- GOOG
- MSFT
- LNKD
- JD
- CRBP
- COUP
- YUM
- LRCX
- REN
- AYI
- KLAC
- RDHL
- SCTY
- IONS
THIS MORNING'S PRE-MARKET NEWS MOVERS: TWTR, WMT, MYL, YUM, LB, TSLA, WBA, ANF, T, MET, JD, DB, COST
Twitter — Alphabet's Google unit will not move ahead with a bid to acquire Twitter, and that Walt Disney and Apple were also unlikely to be suitors, according to Recode.
STOCK SYMBOL: TWTR
(CLICK HERE FOR LIVE STOCK QUOTE!)
Wal-Mart — The retailer reiterated its prior financial guidance for this year, and said it expected earnings to be flat next year compared with this year and then up 5 percent the following year. The retailer plans to slow new store growth, and added that it is very strong financially and has flexibility and options that competitors do not have. Wal-Mart executives will discuss these matters in detail at today's Investor Day.
STOCK SYMBOL: WMT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Mylan — The drugmaker overcharged Medicaid for its EpiPen over two decades, according to Democratic Senators Ron Wyden of Oregon and Frank Pallone of New Jersey. They say a letter from the Centers for Medicare and Medicaid Services backs their view that the product was incorrectly classified as a generic drug since the fourth quarter of 1997. Mylan said the product has been classified correctly.
STOCK SYMBOL: MYL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Yum Brands — Yum reported adjusted quarterly profit of $1.09 per share, missing estimates by a penny a share. The restaurant operator's revenue also was below forecasts. The parent of KFC, Taco Bell, and Pizza hut also reported a one percent drop in China same-store sales, compared to estimates of a 4.5 percent increase.
STOCK SYMBOL: YUM
(CLICK HERE FOR LIVE STOCK QUOTE!)
L Brands — The Victoria's Secret parent reported a three percent increase in September same-store sales, well above the 0.1 percent increase estimated by analysts surveyed by Thomson Reuters.
STOCK SYMBOL: LB
(CLICK HERE FOR LIVE STOCK QUOTE!)
Alnylam Pharmaceuticals — The drug company will stop development of a drug designed to treat a genetic condition that can cause heart failure. The action follows negative results from a late-stage study.
Tesla — Goldman Sachs downgraded Tesla to "neutral" from "buy," and lowered its six-month price target to $185 from $240 per share. Goldman sees increased risk for the automaker owing to its deployment of capital for the takeover of SolarCity, and a potential further delay in the launch of the Model 3.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Walgreens Boots Alliance, CVS Health — UBS began coverage on both drugstore operators with "buy" ratings, praising the "integrated approach to care management" practiced by CVS, and the broadness of Walgreens product offerings.
STOCK SYMBOL: WBA
(CLICK HERE FOR LIVE STOCK QUOTE!)
STOCK SYMBOL: CVS
(CLICK HERE FOR LIVE STOCK QUOTE!)
Abercrombie & Fitch — The apparel retailer was downgraded to "sector weight" from "overweight" at KeyBanc, citing a heavier promotional environment.
STOCK SYMBOL: ANF
(CLICK HERE FOR LIVE STOCK QUOTE!)
AT&T — AT&T has struck a multi-year strategic deal with Amazon Web Services, with the two companies collaborating on cloud and networking capabilities.
STOCK SYMBOL: T
(CLICK HERE FOR LIVE STOCK QUOTE!)
MetLife — MetLife plans to spin off its U.S. life insurance business to existing shareholders. It had announced earlier this year that it would separate that unit and rename it Brighthouse Financial, but had not yet chosen the method of separation at that time. The news came in a Securities and Exchange Commission filing, and does not necessarily preclude a change to a different option such as an initial public offering.
STOCK SYMBOL: MET
(CLICK HERE FOR LIVE STOCK QUOTE!)
JD.com — The shares are getting a boost on news that Wal-Mart is nearly doubling its investment in the China-based online retailer to about 10.8 percent. The Wall Street Journal reports that the move also gives Wal-Mart observer status at JD.com's board meetings.
STOCK SYMBOL: JD
(CLICK HERE FOR LIVE STOCK QUOTE!)
KLA-Tencor, Lam Research — The companies have canceled their planned $10.6 billion merger. The two semiconductor companies pointed to Justice Department opposition to the deal on antitrust grounds.
STOCK SYMBOL: KLAC
(CLICK HERE FOR LIVE STOCK QUOTE!)
STOCK SYMBOL: LRCX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Deutsche Bank — The German lender has not been in violation of money laundering rules in Russia, according to a Reuters report, which said a German financial watchdog has found no evidence of wrongdoing.
STOCK SYMBOL: DB
(CLICK HERE FOR LIVE STOCK QUOTE!)
Costco — The warehouse retailer reported a September same-store sales increase of one percent, doubling the Thomson Reuters estimate of a 0.5 percent rise.
STOCK SYMBOL: COST
(CLICK HERE FOR LIVE STOCK QUOTE!)
BlackBerry — BlackBerry sales executive Alex Thurber told the BBC that a new keyboard-based BlackBerry device will be on the market within six months.
STOCK SYMBOL: BBRY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Good trading day to everyone in here on this Thursday! :)
Submitted October 06, 2016 at 08:52AM by bigbear0083 http://ift.tt/2e5exK9
No comments:
Post a Comment