Good morning traders of the r/StockMarket sub! Happy Friday! Here are your market news & stock movers for today-
(FULL SOURCE!)
Frontrunning: November 18
- Dollar Sees Record Winning Run Versus Euro on Trump Policy View (BBG)
- Dollar heads for best fortnight vs. yen since 1988 (Reuters)
- Jeff Sessions Said to Be Trump’s Pick for Attorney General (BBG)
- Flynn set to be national security adviser (Reuters)
- NATO Secretary General Expects to Speak With Trump ‘Very Soon’ (BBG)
- Hensarling Could Be Wall Street’s Best Hope or Worst Nightmare (BBG)
- OPEC moves closer to oil output deal as Iran gets new offer (Reuters)
- President Obama Meets With EU Leaders for Last Time (WSJ)
- Putin, Obama likely to talk on sidelines of Lima summit: Kremlin (Reuters)
- Trump Is Making Bond Markets Nervous (BBG)
- Draghi Says Recovery Is Still Reliant on ECB Policy Support (BBG)
- Facebook Fends Off Crises With Confidence (WSJ)
- Iraqi children dump Islamic State's books of violence (Reuters)
- Private Prisons Get a Boost From Trump (BBG)
- Fed’s Bullard Says Leaning Toward Backing December Rate Increase (WSJ)
- A $900 Billion Oil Treasure Lies Beneath West Texas Desert (BBG)
- Chipotle, William Ackman Near Settlement Over the Board (WSJ)
- Next Wild Card for Markets: Italy’s Constitutional Referendum (WSJ)
- China Tells Trump That Climate Change Is No Hoax It Invented (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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THIS MORNING'S EARNINGS CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- DRYS
- SGNL
- CRM
- ANF
- GPS
- FL
- GS
- AMAT
- GNK
- ROST
- SCTY
- C
- HP
- MRVL
- WLK
- EGLE
- DFS
- BBBY
- DAL
- VSAT
- PZZA
- GOLD
- FOSL
- JNJ
- DRNA
THIS MORNING'S STOCK NEWS MOVERS: FL, ANF, PZZA, WFC, UPS, CRM, TSLA, GPS, ROST, NKE, YUM, MRVL
(source: cnbc.com)
Foot Locker — The athletic apparel and footwear retailer earned an adjusted $1.13 per share for the third quarter, three cents a share above estimates. Revenue was in line with forecasts, but its same-store sales increase of 4.7 percent was slightly shy of the consensus forecast for a 4.9 percent increase.
STOCK SYMBOL: FL
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Abercrombie & Fitch — The apparel retailer fell well short of estimates on both the top and bottom lines for its latest quarter, with same-store sales falling more than expected. The company pointed to weak traffic, poor performance in seasonal categories, and the overall challenges of the company's rebranding effort.
STOCK SYMBOL: ANF
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The Buckle — The accessories retailer came in four cents a share short of estimates, with quarterly profit of 48 cents per share. Revenue also came up short and same-store sales dropped more than expected.
STOCK SYMBOL: BKE
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Hibbett Sports — Hibbett reported quarterly profit of 66 cents per share, compared to estimates of 74 cents a share. Revenue matched estimates for the sporting goods retailer, but same-store sales increased slightly less than consensus forecasts.
STOCK SYMBOL: HIBB
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American Airlines Group — Citi named American as its top pick in the airline industry, citing post-merger efficiency opportunities stemming from its American's combination with US Airways. Other buy-rated airline stocks in Citi's latest report are Delta, Southwest, and Allegiant.
STOCK SYMBOL: AAL
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Papa John's — KeyBanc downgraded the pizza chain to "sector weight" from "overweight," in what it terms a valuation call after the stock reached the firm's price target.
STOCK SYMBOL: PZZA
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Wells Fargo — BMO downgraded the bank's stock to "underperform" from "market perform," following a 15 percent move since the presidential election. BMO said it is concerned that the price no longer reflects uncertainty stemming from after-effects of the company's sales practices issues.
STOCK SYMBOL: WFC
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UPS — BMO rates the delivery company's stock as "outperform" in new coverage, calling it a "premier franchise" with a strong track record of execution and strong growth prospects.
STOCK SYMBOL: UPS
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Salesforce.com — Salesforce reported adjusted quarterly profit of 24 cents per share, three cents a share above estimates. The business software company also issued an upbeat forecast and said it would reach $10 billion in annual revenue by 2018.
STOCK SYMBOL: CRM
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Tesla, SolarCity — Shareholders of both companies have approved the proposed combination of the two Elon Musk-controlled companies. The acquisition of the solar company by the automaker is a stock swap deal worth about $2 billion.
STOCK SYMBOL: TSLA
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STOCK SYMBOL: SCTY
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Gap — Gap matched estimates with adjusted quarterly profit of 60 cents per share, but the apparel retailer registered its seventh straight quarter of declining sales. Gap said that customer traffic levels continue to be a challenge.
STOCK SYMBOL: GPS
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Ross Stores — Ross beat estimates by six cents a share, with quarterly profit of 62 cents per share. The discount retailer's revenue also exceeded Street forecasts. Ross also reported same-store sales increased by seven percent, well above estimates, but gave cautious current-quarter guidance amid what it calls a "very promotional" environment.
STOCK SYMBOL: ROST
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Williams-Sonoma — Williams-Sonoma reported adjusted quarterly profit of 79 cents per share, two cents a share above estimates. Revenue for the home goods retailer was essentially in line with forecasts, however the company gave lower-than-expected guidance for the current quarter, calling the sales environment "less certain."
STOCK SYMBOL: WSM
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Yum Brands — Yum added $2 billion to its stock buyback program, with the restaurant operator planning to complete purchases of that amount by the end of 2017.
STOCK SYMBOL: YUM
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Nike — The athletic apparel and footwear maker raised its quarterly dividend to 18 cents per share from 16 cents a share.
STOCK SYMBOL: NKE
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Applied Materials — Applied Materials edged estimates by a penny a share, with adjusted quarterly profit of 66 cents per share. The semiconductor manufacturing equipment maker's revenue essentially in line. The company did issue lower-than-expected guidance for both earnings and revenue, amid slower growth in new orders.
STOCK SYMBOL: AMAT
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Intuit — Intuit doubled estimates with adjusted quarterly profit of six cents per share, while the financial software company's revenue also beat forecasts. Its current-quarter guidance is above estimates, while its full-year forecast is roughly in line.
STOCK SYMBOL: INTU
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Marvell Technology — Marvell reported adjusted quarterly profit of 20 cents per share, eight cents a share above estimates The chip maker's revenue was also well above forecasts. Its performance was driven by strong growth in both its data storage and network equipment businesses. Marvell also announced a stock buyback program of up to $1 billion.
STOCK SYMBOL: MRVL
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Sotheby's — Sotheby's saw $277 million in sales in Thursday's contemporary art auction, higher than its forecast of $208.5 million.
STOCK SYMBOL: BID
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Amazon.com — The company is rolling out its Amazon Video service globally to 200 more countries in what's seen as a challenge to Netflix, according to The Wall Street Journal. Currently, Amazon Video is only available in the U.S., U.K., Germany, Austria, and Japan.
STOCK SYMBOL: AMZN
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Coca-Cola — The beverage giant struck a deal to sell its stakes in China bottling operations for about $1 billion.
STOCK SYMBOL: KO
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Monsanto — The chemical maker and Germany's Bayer have already kicked off talks to sell assets that would help the two companies win European approval of their proposed combination, according to reports.
STOCK SYMBOL: MON
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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 Friday November the 18th! :)
Submitted November 18, 2016 at 08:58AM by bigbear0083 http://ift.tt/2fo3Sav
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