Good morning traders of the r/StockMarket sub! Happy Veterans Day! Here are your market news & stock movers for today-
(FULL SOURCE)
Frontrunning: November 11
- Conquering Trump comes to DC (The Hill)
- Trump’s Data Team Saw a Different America—and They Were Right (BBG)
- Trump victory prompts U.S. fund managers to focus on inflation (Reuters)
- Dollar’s Trump-Inspired Surge Sets Off Intervention Across Asia (BBG)
- Trump Camp Works to Form Cabine (WSJ)
- Damascus, allies upbeat on Trump win, await his policies (Reuters)
- Anti-Trump protests continue for second day (Reuters)
- Trump Faces Battle to Undo Iran Nuclear Deal (WSJ)
- Trump bucks protocol on press access (AP)
- Trump Effect Routs Emerging Markets (BBG)
- Trump Win Puts a Bullseye on Warren’s Banking Watchdog (BBG)
- Carry Trades Collapse as Emerging-Market Yield Advantage Shrinks (BBG)
- Trump’s Defense Hike Relies on a Reagan-Era Gimmick (BBG)
- Swiss PostFinance to start negative rates for rich private clients (Reuters)
- To Fox, CNN, MSNBC, Trump’s the Gift That Keeps On Giving (BBG)
- Bonds Tumble by $1 Trillion This Week as Trump Seen Game Changer (BBG)
- Islamic State executes scores, stockpiles chemicals: U.N. (Reuters)
- Chelsea Clinton being groomed to run for Congress (Post)
- Trump presidency could prove a salve for pharma merger deals (Reuters)
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
YESTERDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS MORNING'S EARNINGS CALENDAR:
(CLICK HERE FOR TODAY'S EARNINGS CALENDAR!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- NVDA
- JCP
- PTCT
- GRUB
- DIS
- JWN
- DRYS
- VJET
- EEM
- KORS
- EOG
- MACK
- FAS
- CNC
- HST
- TNA
- JJC
- CENX
- WMT
- FDN
- ACAD
- LABD
- TXT
- HUM
THIS MORNING'S STOCK NEWS MOVERS: JCP, DIS, JWN, KORS, NVDA, AAPL, BABA, AMZN, VRX, DECK, TIF & more
(source: cnbc.com)
J.C. Penney — The retailer's adjusted quarterly loss of 21 cents per share matched estimates, but revenue was below forecasts and comparable-store sales fell 0.8 percent. Analysts surveyed by Thomson Reuters had expected a same-store sales increase of 2.2 percent.
STOCK SYMBOL: JCP
(CLICK HERE FOR LIVE STOCK QUOTE!)
Walt Disney — Disney missed estimates by six cents a share, with adjusted quarterly profit of $1.10 per share. Revenue also missed forecasts. Disney's results were impacted by declining subscriber numbers at ESPN. Its shares at first tumbled in after-hours trading, but rebounded following more optimistic comments by CEO Robert Iger on Disney's earnings conference call.
STOCK SYMBOL: DIS
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nordstrom — Nordstrom reported adjusted quarterly profit of 84 cents per share, well above estimates of 52 cents a share. The retailer's revenue beat Street forecasts, as well. Nordstrom's results got a boost from its Anniversary Sale, but the company did cut its profit forecast for 2016 while projecting flat comparable-store sales.
STOCK SYMBOL: JWN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Michael Kors — Kors came in seven cents a share above estimates, with quarterly profit of 95 cents per share. The luxury goods maker's revenue matched forecasts, however it also issued a weaker-than-expected forecast for the holiday shopping season.
STOCK SYMBOL: KORS
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nvidia — Nvidia trounced estimates by 26 cents a share, with quarterly earnings of 83 cents per share. The graphics chipmaker's revenue was also well above estimates as its new products sold well. The company announced a $2 billion stock buyback and a 22 percent dividend hike to 14 cents per share, as well.
STOCK SYMBOL: NVDA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple, Alibaba, Visa — Dan Loeb's Third Point hedge fund took new stakes in those companies, among others, and increased its holdings in Alphabet and Facebook. The information comes from the fund's quarterly 13-F filing.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
STOCK SYMBOL: V
(CLICK HERE FOR LIVE STOCK QUOTE!)
Alibaba — Alibaba said its Singles' Day sales have already surged past last year's total, but the China-based online retailer's growth rates have slowed compared to a year ago.
STOCK SYMBOL: BABA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com — Amazon was ordered by a judge to refund parents for in-app purchases made by children without permission. However, the judge also turned aside a request by the Federal Trade Commission for a $26.5 million lump sum payout.
STOCK SYMBOL: AMZN
(CLICK HERE FOR LIVE STOCK QUOTE!)
CME Group — Chief Executive Officer Phupinder Gill is stepping down on December 31, with the exchange operator's executive chairman and president Terry Duffy adding the CEO role to his duties.
STOCK SYMBOL: CME
(CLICK HERE FOR LIVE STOCK QUOTE!)
Valeant Pharmaceuticals — The drugmaker may change its name to repair damage to its reputation, according to investor Bill Ackman in a CNBC interview. Ackman is a Valeant board member and his Pershing Square Capital Management is a major stakeholder.
STOCK SYMBOL: VRX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Waste Management — Waste Management named CFO James Fish as is new president and chief executive officer, succeeding David Steiner who had been CEO since 2004. The company is in the process of searching for a new CFO.
STOCK SYMBOL: WM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Quest Diagnostics — The medical lab operator raised its revenue growth outlook and announced a 12.5 percent quarterly dividend increase to 45 cents per share from 40 cents.
STOCK SYMBOL: DGX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Aetna, Humana — Credit Suisse upgraded both health care companies to "outperform" from "neutral," on the idea that a Trump administration might improve prospects for health care stocks in general and also increase the chances that Aetna's pending deal to buy Humana would pass muster with antitrust officials.
STOCK SYMBOL: AET
(CLICK HERE FOR LIVE STOCK QUOTE!)
STOCK SYMBOL: HUM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Deckers Outdoor — The shoe retailer was upgraded to "buy" from "hold" at Stifel, after speaking with management about the company's shift in direction and changes in its leadership positions.
STOCK SYMBOL: DECK
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tiffany — Cowen upgraded the luxury goods seller to "outperform" from "market perform," noting a comeback for the luxury category and that Tiffany is a well-positioned and trusted brand.
STOCK SYMBOL: TIF
(CLICK HERE FOR LIVE STOCK QUOTE!)
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 Veterans Day Friday November the 11th! :)
Submitted November 11, 2016 at 08:58AM by bigbear0083 http://ift.tt/2eZcu7w
No comments:
Post a Comment