Good morning traders of the r/StockMarket sub! Happy Monday! Here are your pre-market news & stock movers for today-
(FULL SOURCE!)
Frontrunning: December 5
- Italy Sinks Into Political Limbo as Defeat Sweeps Renzi Away (BBG)
- Investors Shrug Off Italy Referendum Result (WSJ); Markets Rise After Italy Turns Down Referendum (BBG)
- Italy’s ‘No’ Poses Trouble for Eurozone (WSJ)
- Oil tops $55 for first time in 16 months as OPEC deal fuels buying (Reuters)
- Merkel regrets Renzi resignation but will work with new Italy government (Reuters)
- Rescue of Italian bank Monte Paschi in danger after Renzi's defeat (Reuters)
- Euro rebounds after hitting 21-month low on Italian referendum defeat (Reuters)
- New Zealand Prime Minister John Key Resigns (WSJ)
- Trump has broad power to implement immigration policies: legal experts (Reuters)
- Trump Takes On China in Tweets on Currency, South China Sea (BBG)
- China says Trump clear about Taiwan, in touch with his team (Reuters)
- Don't Hold Your Breath on Fannie Mae and Freddie Mac (WSJ)
- Greenspan’s Irrational Exuberance Looks Entrenched, 20 Years On (BBG)
- Dakota Pipeline Project Halted as Permit for Last Leg Is Denied (WSJ)
- Trump advisors aim to privatize oil-rich Indian reservations (Reuters)
- Credit Restrictions Cost Home Buyers ‘Deal of a Lifetime’ (WSJ)
- Fake US embassy in Ghana shut down after 10 years issuing visas (Guardian)
- Airbnb Ends Fight With New York City Over Fines (NYT)
- Never-Trump Senate Republicans Grapple With His Upset Victory (BBG)
- Brussels ‘close’ to free-trade deal with Japan (FT)
- SFO Probes Israeli Billionaire, Ex-ENRC Directors on Congo Deals (BBG)
- Rich Colleges’ Endowments Targeted by Trump Backer in U.S. House (BBG)
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
FRIDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
FRIDAY'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:
- GLD
- JDST
- GDX
- DGAZ
- DUST
- ETP
- GOLD
- UGLD
- BAC
- GDXJ
- ETE
- SPXU
- CHK
- EWI
- SLV
- FFIC
- JNUG
- SDOW
- NUGT
- NBR
- MBLY
- UGAZ
- UVXY
THIS MORNING'S STOCK NEWS MOVERS: MCD, AAPL, RBS, DIS, JNJ, GOOGL, TRIP, XRX, GS, NEM & more
(source: cnbc.com)
McDonald's — Nomura upgraded the restaurant chain's stock to "buy" from "neutral," saying the issue of tough U.S. comparable sales will subside and that it is enthusiastic about the company's planned menu updates.
STOCK SYMBOL: MCD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple — London's Sunday Times reports that Apple is in a customs dispute with Britain, which is said to have labeled the wristband of the Apple Watch as "other plastic," making it subject to a 6.5 percent tariff. Separately, Bloomberg is reporting that Yoky Matsuoka has left the company – she joined Apple in May to serve as a health technology executive after serving as vice president of technology at Nest.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Energy Transfer Partners, Sunoco Logistics — The two companies issued a statement criticizing the government's decision not to issue an easement for their Dakota Access Pipeline. The companies called it a "purely political action" and that the project has "done nothing but play by the rules."
STOCK SYMBOL: ETP
(CLICK HERE FOR LIVE STOCK QUOTE!)
Royal Bank of Scotland — The bank settled most of its legal claims with shareholders involving a $15.2 billion rights issue in 2008. Those shareholders alleged they were misled when they took part in that issue.
STOCK SYMBOL: RBS
(CLICK HERE FOR LIVE STOCK QUOTE!)
Walt Disney — Disney's "Moana" topped the weekend box office for the second straight weekend, taking in $28.4 million in North American ticket sales, continuing a strong year for Disney movies ahead of the release of the next "Star Wars" Film in mid-December.
STOCK SYMBOL: DIS
(CLICK HERE FOR LIVE STOCK QUOTE!)
Johnson & Johnson — J&J increased its bid for Switzerland-based biotech firm Actelion to more than $250 per share, according to a Bloomberg report, after Actelion rejected an initial proposal of about $246 per share.
STOCK SYMBOL: JNJ
(CLICK HERE FOR LIVE STOCK QUOTE!)
Alphabet, Apple, Citigroup, Delta Air Lines, Deutsche Telekom, Merck, Novartis, Toll Brothers, Unilever, Walt Disney — Barron's has named these companies as its 10 favorite stocks for 2017, saying they have largely lagged the market this year and have reasonable valuations.
STOCK SYMBOL: GOOGL
(CLICK HERE FOR LIVE STOCK QUOTE!)
TripAdvisor — TripAdvisor was upgraded to "hold" from "sell" at Stifel Nicolaus, which cited valuation for its call. The travel website operator's shares have fallen 28 percent since the beginning of November.
STOCK SYMBOL: TRIP
(CLICK HERE FOR LIVE STOCK QUOTE!)
Xerox — Xerox spinoff Conduent will hold an investor day today to present its business strategy as it prepares to become a separate company later this month. Conduent said it is implementing an expense management program that aims to save about $700 million through 2018.
STOCK SYMBOL: XRX
(CLICK HERE FOR LIVE STOCK QUOTE!)
FairPoint Communications — Consolidated Communications will buy the business and broadband communications provider in an all-stock transaction worth about $1.5 billion, including assumed debt.
STOCK SYMBOL: FRP
(CLICK HERE FOR LIVE STOCK QUOTE!)
Goldman Sachs — HSBC initiated coverage on Goldman with a "buy" rating and a price target of $250. Goldman is up 28 percent in the past month alone, but HSBC still thinks the stock has more room to run.
STOCK SYMBOL: GS
(CLICK HERE FOR LIVE STOCK QUOTE!)
Newmont Mining, Kinross Gold — Citi downgraded Newmont to "neutral" from "buy" and cut Kinross to "sell" from "neutral," following a 10 percent drop in the price of gold over the past month.
STOCK SYMBOL: NEM
(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 Monday December the 5th! :)
Submitted December 05, 2016 at 08:47AM by bigbear0083 http://ift.tt/2gYxqzN
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