Good morning traders of the r/StockMarket sub! Happy Tuesday, January the 24th! Here are your stock movers & news for today-
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Frontrunning: January 24
- Dollar steadies after stumble, sterling rides out Brexit ruling (Reuters)
- After U.S. exit, Asian nations try to save TPP trade deal (Reuters)
- U.K. Court Rules Brexit Trigger Needs Parliamentary Vote (BBG)
- Brexit plans unlikely to be slowed by Article 50 defeat (Reuters)
- Health Secretary Nominee Proposed Bill Benefiting Puerto Rico Investments (WSJ)
- How Trump Would Rework Nafta—and What Mexico, Canada Want in Return (BBG)
- Trump calls for more U.S. auto jobs, factories ahead of CEO meeting (Reuters)
- Belarus Businessman Said to Be Indirect Source on Trump Dossier? (WSJ)
- Canadian Drillers Brave Deep Freeze as Oil Patch Revives Growth (BBG)
- A $90 Billion Wave of Debt Shows Cracks in U.S. Real Estate Boom (BBG)
- China pushes back at U.S. over South China Sea (Reuters)
- This 36-Year-Old May Be Running America (BBG)
- China’s Efforts to Stem Capital Outflows Are Starting to Pay Off (BBG)
- Iran, Russia, Turkey say will jointly enforce Syria ceasefire (Reuters)
- Generali Jumps on Report Intesa Plans to Mount Takeover Bid (BBG)
- Bankers Cash In on Postelection Stock Rally (WSJ)
- BT Plunges After Cutting Outlook, Tripling Italy Writedown (BBG)
- After Bond Chief’s Exit, Millennium’s Englander Left Alone Again (BBG)
- Verizon Misses Profit Estimates as Holiday Promos Take Toll (BBG)
- At Wells Fargo, Bank Branches Were Tipped Off to Inspections (WSJ)
- DuPont Pushes Back Expected Closing of Dow Merger to First Half (BBG)
- Goldman Hails Global Rebound as Currie Sees Commodity Demand (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 WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
(CLICK HERE FOR THIS MORNING'S PRE-MARKET EARNINGS CALENDAR!)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)
ANALYST UPGRADES/DOWNGRADES THIS MORNING:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- BABA
- AAPL
- DD
- YHOO
- VZ
- ZION
- JNJ
- HMNY
- QCOM
- IONS
- SBUX
- LPL
- PII
- FITB
- OCUL
- HAIN
- BT
- NWBI
- WATT
- PHG
- BSRR
- BMRC
- NORD
- TBK
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
DuPont — The chemical company earned an adjusted 51 cents per share for the fourth quarter, 9 cents a share above estimates. Revenue came in slightly below forecasts. Falling crop prices impacted the company's agricultural businesses, pushing revenue lower. DuPont also said it expected its merger with Dow Chemical to close during the first half of the year.
STOCK SYMBOL: DD
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Verizon — Verizon fell 3 cents a share shy of estimates, with adjusted fourth-quarter profit of 86 cents per share. Revenue beat Street forecasts. Verizon saw year-over-year revenue fall 5.6 percent as it added far fewer wireless subscribers than analysts had expected.
STOCK SYMBOL: VZ
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Travelers — The insurance company came in 47 cents a share above estimates, with adjusted quarterly profit of $3.20 per share. Revenue also beat forecasts. Travelers did see underwriting results fall in its auto insurance sector, but that was more than made up for by improvements in other lines.
STOCK SYMBOL: TRV
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Johnson & Johnson — J&J reported earnings of $1.58 per share for the fourth quarter, 2 cents a share above estimates. Revenue came in slightly below forecasts. The medical device maker also gave a full-year forecast that falls below analysts' estimates.
STOCK SYMBOL: JNJ
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Alibaba — The China-based e-commerce giant beat estimates by a wide margin on both the top and bottom lines, thanks in large part to an increase in mobile users and revenue.
STOCK SYMBOL: BABA
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D.R. Horton — The home builder came in eight cents a share above estimates, with earnings of 55 cents per share. Revenue also exceeded forecasts. The largest U.S. home builder saw profit rise more than 31 percent over a year earlier as it sold more homes.
STOCK SYMBOL: DHI
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3M — 3M reported quarterly profit of $1.88 per share, 1 cent a share above estimates. Revenue was in line with estimates. The company also affirmed its full-year forecast.
STOCK SYMBOL: MMM
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Kimberly-Clark — The consumer products company beat forecasts by 3 cents a share, with quarterly profit of $1.45 per share. Revenue was essentially in line with estimates. The company also raised its quarterly dividend to 97 cents per share from 92 cents a share.
STOCK SYMBOL: KMB
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Yahoo — Yahoo reported adjusted profit of 25 cents per share, beating estimates by 4 cents a share. Revenue was also above forecasts. Investors are focused on the company's statement that the sale of Yahoo's core internet assets to Verizon should be completed during the second quarter.
STOCK SYMBOL: YHOO
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SAP — SAP raised its earnings outlook, as results from the business software company's cloud-based business continue to improve. New bookings for the cloud business rose by 40 percent in the most recent quarter, with cloud subscriptions and support revenue up by 31 percent.
STOCK SYMBOL: SAP
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Ford — Ford is launching a new auto parts brand called Omnicraft, which will sell parts to both Ford dealers and independent repair shops.
STOCK SYMBOL: F
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US Foods — US Foods launched a secondary offering of 30 million common shares. Those shares are currently held by private-equity firms Clayton, Dubilier & Rice and Kohlberg Kravis Roberts, and the food service distributor will not receive any proceeds from the sale.
STOCK SYMBOL: USFD
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Amazon.com — Amazon sold 3.1 million Echo speakers in the U.S. during the fourth quarter, according to Dow Jones, citing estimates from Consumer Intelligence Research Partners. Amazon does not release Echo figures on its own, but the research firm said about 8.2 million have been sold in the U.S. since the Echo's 2014 debut, owing a large part to a big jump in consumer awareness of the product.
STOCK SYMBOL: AMZN
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Rio Tinto — The mining company sold its Australian coal unit to Yancoal Australia for up to $2.45 billion in cash. Yancoal is an entity controlled by the Chinese government.
STOCK SYMBOL: RIO
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Avis Budget — Avis put a "poison pill" in place aimed at keeping its largest shareholder, hedge fund SRS Investment Management, from gaining more control over the car rental company. SRS has a 9.7 percent stake in Avis Budget common, and another 18.8 percent with no voting power.
STOCK SYMBOL: AVIS
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Apple — Apple was downgraded to "equal-weight" from "overweight" at Barclays, which thinks the stock does not have significant upside potential. Separately, Recode reports that Qualcomm may sue Apple, in response to Apple suing it for its patent licensing practices.
STOCK SYMBOL: AAPL
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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, January the 24th! :)
Submitted January 24, 2017 at 08:51AM by bigbear0083 http://ift.tt/2j0NYZN
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