Good morning traders of the r/StockMarket sub! Happy Tuesday! Here are your pre-market stock movers & news for today-
(FULL SOURCE)
Frontrunning: December 13
- Trump Picks Exxon Chief for State Amid Concerns (Reuters)
- Buoyant Markets Pose New Challenge for the Fed (WSJ)
- Tweeter-in-Chief Trump Faces Test After Yellen’s Rate Decision (BBG)
- Trump Dissing Daily Intelligence Briefing Worsens Rift With CIA (BBG)
- SWIFT confirms new cyber thefts, hacking tactics (Reuters)
- UniCredit share issue lifts banks before Fed meeting (Reuters)
- Senate Republican leader backs investigation into Russian hacking (Reuters)
- U.S. intelligence officials say Russian hacks ‘prioritized’ Democrats (WaPo)
- Merkel, Hollande back extending sanctions on Russia over Ukraine (Reuters)
- Billionaire's Son Not Interested in Taking Over Father's $91 Billion Business (BBG)
- Japan’s Asahi Buys Eastern Europe Brewing Assets From AB InBev (WSJ)
- Coverup at French Nuclear Supplier Sparks Global Review (WSJ)
- Netanyahu says Israel 'mightier' as first F-35 fighter jets arrive (Reuters)
- China's Sinopec Weighs Takeover Of Gulf Keystone (Reuters)
- How the Wealthy Avoid Paying Hong Kong Property Tax to Save Millions (BBG)
- Iran to build nuclear marine propulsion after U.S. 'violation' of deal (Reuters)
- After China’s Hubris, It’s Trump’s Turn (WSJ)
- OPEC Pumped at Record High as Cartel Agreed Output Cut (WSJ)
- OPEC Deal to Create Oil-Supply Deficit Next Half, IEA Says (IEA)
- GOP Leaders Join Call for Probe of Russian Hacking (WSJ)
- Drinking, drug use largely down among U.S. teens in 2016 (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
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THIS MORNING'S EARNINGS CALENDAR:
(CLICK HERE FOR TODAY'S EARNINGS CALENDAR!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- XOM
- SPY
- PRTO
- MMM
- LMT
- CM.CA
- VIA.B
- OPHT
- BA
- CXO
- PG
- ERX
- EQT
- YELP
- IWM
- CERN
- SBGL
- OPK
- PAY
- RDHL
- XLV
- UNG
- GLD
- BSX
- GSK
THIS MORNING'S STOCK NEWS MOVERS: BA, PAY, DGX, LLY, FITB, GOOGL, BUD, XOM, URBN, BWLD, CBS, KO, PG
(source: cnbc.com)
Boeing — Boeing announced a cut in 777 production to five from seven per month, beginning next August. Separately, Boeing said it would hike its quarterly dividend by 30 percent and also unveiled a $14 billion stock buyback plan.
STOCK SYMBOL: BA
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VeriFone — VeriFone reported adjusted quarterly profit of 30 cents per share, one cent above estimates, with revenue also above forecasts. However, the maker of payment terminals gave 2017 guidance that comes in below Street estimates.
STOCK SYMBOL: PAY
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Quest Diagnostics — Quest is investigating an unauthorized intrusion into its systems, and the medical lab operator said it notified customers whose accounts have been affected. Quest said the accessed information did not include Social Security numbers or credit card information and that there is no evidence that the information has been misused.
STOCK SYMBOL: DGX
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Eli Lilly — The drug maker raised its quarterly dividend by 1 cent to 52 cents per share. Separately, Lilly announced a new discount program for users of its insulin products.
STOCK SYMBOL: LLY
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Fifth Third Bancorp — The Cincinnati-based bank struck a partnership deal with startup online lender ApplePie Capital, taking an equity stake and looking into potentially purchasing loans from the San Francisco-based company.
STOCK SYMBOL: FITB
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Alphabet — Alphabet's Google unit signed a deal to put computer servers in Cuba, to improve the speed of its services there.
STOCK SYMBOL: GOOGL
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Anheuser-Busch InBev — The brewing giant is selling five Eastern European beer brands to Japan's Asahi Group for $7.8 billion. AB InBev had put those brands up for sale as part of winning regulatory approval for its merger with SABMiller.
STOCK SYMBOL: BUD
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Patterson-UTI Energy — Patterson is buying smaller drilling rival Seventy Seven Energy in an all stock deal worth about $1.42 billion excluding assumed debt.
STOCK SYMBOL: PTEN
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Realty Income — The real estate investment trust was upgraded to "overweight" from "equal-weight" at Morgan Stanley as part of an overall REIT industry report at Morgan Stanley. The firm has changed its view on REITS to "cautious" form "in-line," with Realty Income the only firm above the "equal-weight" rating. Morgan Stanley's caution comes from the impact of rising rates and slower growth, but it likes Realty Income because of its scale, balance sheet, and investor base.
STOCK SYMBOL: O
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Exxon Mobil — The company's chairman and chief executive officer, Rex Tillerson, has officially been named as President-elect Donald Trump's choice for Secretary of State.
STOCK SYMBOL: XOM
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Urban Outfitters — The apparel retailer gave updated guidance, saying fourth quarter comparable sales are growing in the low single digits, signaling a better performance than the 1.5 percent rise predicted by analysts.
STOCK SYMBOL: URBN
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Buffalo Wild Wings — BMO Capital cut the restaurant chain's stock to "market perform" from "outperform," with the shares now within 10 percent of the firm's prior price target. BMO said there's a risk of a 2017 earnings guidance shortfall and the need for strong execution of cost savings initiatives.
STOCK SYMBOL: BWLD
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CBS — BMO upgraded CBS to "outperform" from "market perform" after the idea of a merger between CBS and Viacom was taken off the table. BMO said CBS has an attractive mix of assets, and that there's a small possibility that CBS itself could be an acquisition candidate.
STOCK SYMBOL: CBS
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Coca-Cola, Procter & Gamble — Deutsche Bank downgraded the two Dow components to "hold" from "buy." The bank has favorable views of both companies longer term, but sees few near-term catalysts with the consumer group at or near fair value.
STOCK SYMBOL: KO
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STOCK SYMBOL: PG
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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 Tuesday December the 13th! :)
Submitted December 13, 2016 at 08:44AM by bigbear0083 http://ift.tt/2hIVovF
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