Good morning traders of the r/StockMarket sub! Happy Fed Wednesday! Here are your pre-market stock movers & news for today-
(FULL SOURCE)
Frontrunning: December 14
- Countdown to first Fed hike in a year under way, but focus shifting to 2017 (Reuters)
- What to Expect From the Fed: Decision-Day Guide (BBG)
- Investors Expect Fed Rate Rise, Seek Clues on Next Step (WSJ)
- What ceasefire? Aleppo evacuation delayed (Reuters); Aleppo Fighting Resumes Hours After Cease-Fire Deal (WSJ)
- Too big to fail: China maps out its Trump strategy (Reuters)
- China Said to Lift Tax on Smaller Cars to 7.5% Through 2017 (BBG)
- Goldman Sachs to Name Cohn’s Successors (WSJ)
- Finance Titans Face Off Over $5 Trillion London Gold Market (BBG)
- Dutch court rules Crimean gold treasures must be returned to Kiev (Reuters)
- Forget Bitcoin and Mobile Pay. Cash Is Still King of the World (BBG)
- Trump’s Pledge to Loosen Regulations on Businesses Is a Heavy Lift (WSJ)
- Retailers’ Discounts Run Deeper This Holiday Season (WSJ)
- Companies Are Already Canceling Plans to Move U.S. Jobs Abroad (BBG)
- Wells Fargo Faces Limits After Second Living Will Failure (BBG)
- Hertz Global Replaces CEO After Earnings Misses, Stock Slump (BBG)
- Heineken Faces Competition in Effort to Buy U.K.’s Punch Taverns (BBG)
- Sanofi in Deal Talks With Actelion; Value Could Total $30 Billion (WSJ)
- Aramco Keeps Building Oil Rigs Even as Saudis Agree to Pump Less (BBG)
- Saudi Oil Minister Sees Commitment to Cuts Ending Glut in Months (BBG)
- OPEC Says Supply Cuts Won’t Re-Balance Market Until Second Half (BBG)
- TV Reporter Files Discrimination Suit Against 21st Century Fox Station (WSJ)
- Le Pen Slips as Fillon, Macron Rise in Big French Election Poll (BBG)
- Investor Peter Thiel Is Helping Mold Tech’s Ties to Donald Trump (WSJ)
- Uber Rolls Out Self-Driving Cars in San Francisco Without DMV Approval (BBG)
- U.K. Employment Declines for First Time in More Than a Year (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:
(CLICK HERE FOR TODAY'S EARNINGS CALENDAR!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- SGYP
- ONVO
- XON
- JOY
- MSFT
- CXO
- MITT
- ACN
- REPH
- SAGE
- IBM
- ABM
- BAC
- NDSN
- NKE
- JNJ
- QCOM
- GILD
- INTC
- AMGN
- SKM
- BLBD
- PIR
- LGF
THIS MORNING'S STOCK NEWS MOVERS: JOY, ESRX, NVDA, FOXA, WFC, HTZ, GOOGL, JNJ, GS, UPS, FDX, VRX
(source: cnbc.com)
Joy Global — The mining equipment maker reported adjusted quarterly profit of 17 cents per share, matching estimates, while revenue fell short of analysts' forecasts as the commodity price slump continues to impact Joy Global's customers.
STOCK SYMBOL: JOY
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Express Scripts — The pharmacy benefits manager reaffirmed its adjusted 2017 earnings guidance, and raised its overall outlook stemming from tax benefits related to its disposition of its PolyMedica unit. It is also revising its methodology for reporting network claims.
STOCK SYMBOL: ESRX
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Nvidia — Evercore upgraded the graphics chipmaker's stock to "buy" from "hold," even after a 181 percent year-to-date run up, noting that 2017 should be another good year for AI-related offerings.
STOCK SYMBOL: NVDA
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21st Century Fox — Brean Capital upgraded the media company's stock to "buy" from "hold," saying the sell-off following Fox's bid to buy the rest of Britain's Sky was overdone.
STOCK SYMBOL: FOXA
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Wells Fargo — Regulators imposed new sanctions on the bank because of deficiencies in its "living will" plan should it ever find itself on the verge of bankruptcy. It's the first time penalties have been imposed on a bank since the "living will" provisions were created by the 2010 Dodd-Frank Act.
STOCK SYMBOL: WFC
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Hertz Global — Hertz announced the retirement of Chief Executive Officer John Tague, as well as the departure of three of the car rental company's longest serving board members. Former GE executive Kathryn Marinello was chosen as the new CEO, an appointment that was endorsed by investor Carl Icahn, the largest Hertz shareholder.
STOCK SYMBOL: HTZ
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Alphabet — Alphabet's Google unit is reportedly racing to hire more conservatives for its lobbying arm, according to Reuters, after years of enjoying President Barack Obama's support and positioning itself for a Hillary Clinton presidency.
STOCK SYMBOL: GOOGL
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Johnson & Johnson — Johnson & Johnson has dropped is bid for Swiss drugmaker Actelion. However, Actelion confirmed it is in talks about a "strategic transaction," with both Reuters and Dow Jones reporting that France's Sanofi is the company talking with Actelion.
STOCK SYMBOL: JNJ
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Goldman Sachs — Goldman is reportedly planning to announce the elevations of investment banking head David Solomon and chief financial officer Harvey Schwartz to be CEO Lloyd Blankfein's top lieutenants. The announcement could come as soon as today, following the announced departure of Gary Cohn to join the Trump administration. CNBC has previously reported the impending elevation of Solomon.
STOCK SYMBOL: GS
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General Motors — GM asked the Supreme Court to overturn an earlier ruling that its 2009 bankruptcy filing did not shield it from lawsuits related to its faulty ignition switches. The switches have been linked to 124 deaths and 275 injuries.
STOCK SYMBOL: GM
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United Parcel Service, FedEx — UPS and FedEx are both struggling to keep up with the surge in holiday orders, according to a Wall Street Journal article. The paper said shipping volumes have surged past expectations and delayed some of the millions of orders that have been placed since Thanksgiving.
STOCK SYMBOL: UPS
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STOCK SYMBOL: FDX
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Valeant — The drugmaker's shares could come under pressure following news that Bill Ackman's Pershing Square sold some of its stake in the drugmaker to generate a loss for tax purposes. The sale lowered Pershing's stake to 7.8 percent from 9 percent.
STOCK SYMBOL: VRX
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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 Wednesday December the 14th! :)
Submitted December 14, 2016 at 08:23AM by bigbear0083 http://ift.tt/2hsZqfa
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