Wednesday, January 18, 2017

Daily Stock Market News Digest for Jan. 18th (Earnings, Analyst Upgrades/Downgrades, Charts & more!)

Good morning traders of the r/StockMarket sub! Happy Wednesday, January the 18th (my birthday! lol :P)! Here are your stock movers & news for today-


(CLICK HERE TO VIEW THE FULL SOURCE)

Frontrunning: January 18

  • Business euphoria over Trump gives way to caution, confusion (Reuters)
  • Biden Lashes Out at Trump Over Comments on NATO (WSJ)
  • Number of House Democrats Skipping Inauguration Grows (WSJ)
  • Rising U.S. shale-oil output threatens OPEC’s production pact (MW)
  • China urges U.S. to bar Taiwan delegation from Trump inauguration (Reuters)
  • IEA Sees Significant Gains in U.S. Shale Oil as Prices Rise (BBG)
  • Tom Price to Face Questions on Stock Trades, Obamacare (WSJ)
  • Trump commerce nominee Ross to tell senators: 'I am not anti-trade' (Reuters)
  • HSBC CEO Says Bankers Generating 20% of London Revenue May Move (BBG)
  • FTC Sues Chip Maker Qualcomm (WSJ)
  • As caliphate crumbles, Islamic State lashes out in Iraq (Reuters)
  • ‘Clinton Cash’ Book Got Most of Its Funding From a Hedge Star (BBG)
  • Whistleblower Snowden can apply for Russian passport next year (Reuters)
  • How Obama Changed Investing Forever (BBG)
  • F-35’s ‘Grotesque Overruns’ Now Past, Says Pentagon Chief (BBG)
  • Potentially nasty fight looms over Trump U.S. Supreme Court pick (Reuters)
  • Capital curbs push Chinese firms to risky, costly dollar bonds (Reuters)
  • Elder ex-president Bush recovering in hospital after breathing problems (Reuters)
  • Billionaire Steyer Says There’s ‘No Limit’ on His Spending Against Trump (BBG)
  • Trump’s Options for Weakening Dollar Extend Beyond Tweets (BBG)
  • This Team Runs Mark Zuckerberg’s Facebook Page (BBG)

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

YESTERDAY'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 WEEK'S IPO'S:

(CLICK HERE FOR THIS WEEK'S IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)
(CLICK HERE FOR THIS MORNING'S PRE-MARKET TRADING!)

EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

ANALYST UPGRADES/DOWNGRADES THIS MORNING:

(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • NFLX
  • GS
  • C
  • TGT
  • USB
  • JAZZ
  • RNST
  • JWN
  • CLCD
  • UAL
  • GIMO
  • ADTN
  • PNFP
  • FULT
  • LLY
  • NBIX
  • BPI
  • FAST
  • ACIA
  • WMT
  • AXP
  • MCD
  • XLF
  • ANET
  • AMBA

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Goldman Sachs — Goldman reported quarterly profit of $5.08 per share, beating estimates of $4.82, while revenue also exceeded forecasts. The firm said after a challenging first half, the operating environment improved during the remainder of 2016.

STOCK SYMBOL: GS

(CLICK HERE FOR LIVE STOCK QUOTE!)

Target — The retailer is reporting softer than expected holiday season sales, and as a result, has cut its full-year 2016 outlook. Target now expects full-year profit of $5 to $5.10, compared to consensus estimates of $5.20.

STOCK SYMBOL: TGT

(CLICK HERE FOR LIVE STOCK QUOTE!)

United Continental — The airline reported adjusted quarterly profit of $1.78 per share. That beat estimates by 5 cents, with the company's revenue slightly above forecasts as well. United did say that its key passenger unit revenue declined by 1.6 percent, but that was smaller than the year earlier decline of 6 percent.

STOCK SYMBOL: UAL

(CLICK HERE FOR LIVE STOCK QUOTE!)

CSX — CSX missed estimates by 1 cent with quarterly profit of 49 cents per share, although the railroad operator's revenue did beat Street forecasts. CSX said business conditions were improving, after its results were hit by a strengthening U.S. dollar and low commodity prices.

STOCK SYMBOL: CSX

(CLICK HERE FOR LIVE STOCK QUOTE!)

Netflix — Netflix signed a deal with comedian Jerry Seinfeld for two stand up comedy specials as well as exclusive rights to his series "Comedians In Cars Getting Coffee."

STOCK SYMBOL: NFLX

(CLICK HERE FOR LIVE STOCK QUOTE!)

Adobe Systems — Adobe announced that its board has approved a new $2.5 billion share buyback program that will run through the end of fiscal 2019. The software company is near the end of a $2 billion buyback program that was scheduled to run through the end of fiscal 2017.

STOCK SYMBOL: ADBE

(CLICK HERE FOR LIVE STOCK QUOTE!)

Berkshire Hathaway — The Bill & Melinda Gates foundation said it would sell more than half of its nearly one million shares of Berkshire's Class B shares. Over the next three years, 550,000 shares will be sold in order to comply with federal tax rules.

STOCK SYMBOL: BRK.A

(CLICK HERE FOR LIVE STOCK QUOTE!)

Qualcomm — Qualcomm said it would "vigorously contest" an FTC complaint which said that the chipmaker was in violation of U.S. competition laws.

STOCK SYMBOL: QCOM

(CLICK HERE FOR LIVE STOCK QUOTE!)

HSBC — HSBC said it would move staff to Paris from Britain after Brexit becomes effective, according to CEO Stuart Gullivar. HSBC is Europe's biggest bank.

STOCK SYMBOL: HSBC

(CLICK HERE FOR LIVE STOCK QUOTE!)

Pearson — Pearson cut its profit outlook for the next two years and also cut its 2017 dividend. It's the latest in a series of profit warnings from the British publishing company.

STOCK SYMBOL: PSO

(CLICK HERE FOR LIVE STOCK QUOTE!)

Western Digital — The hard disk drive maker may buy a 20 percent stake in Toshiba's semiconductor business, according to Japan's Nikkei business daily newspaper. Toshiba and Western Digital are partners in a flash memory plant in the Japanese city of Yokkaichi.

STOCK SYMBOL: WDC

(CLICK HERE FOR LIVE STOCK QUOTE!)

Alphabet — The company's Google unit is expanding its low cost smartphone program known as "Android One" to the U.S. market within a few months, according to a report in The Information.

STOCK SYMBOL: GOOGL

(CLICK HERE FOR LIVE STOCK QUOTE!)

Hewlett Packard Enterprise — HPE will buy data storage startup SimpliVity for $650 million in cash. SimpliVity had recent been valued at $1 billion.

STOCK SYMBOL: HPE

(CLICK HERE FOR LIVE STOCK QUOTE!)

Lowe's — The home improvement retailer is laying off about 2,400 full-time workers, most of those at the store level.

STOCK SYMBOL: LOW

(CLICK HERE FOR LIVE STOCK QUOTE!)

J.C. Penney — Credit Suisse downgraded J.C. Penney and Kohl's to "underperform" from "neutral," while upgrading Nordstrom to "outperform" from "neutral." The report focuses on the key factors in retail which will drive success or failure, including value, brands, real estate, and e-commerce.

STOCK SYMBOL: JCP

(CLICK HERE FOR LIVE STOCK QUOTE!)

Cameco — The Canadian uranium producer said 2016 adjusted profit would come in significantly below analyst forecasts, and that it was cutting 120 jobs. Cameco said its results reflect a weak uranium market.

STOCK SYMBOL: CCJ

(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 Wednesday January the 18th! :)



Submitted January 18, 2017 at 09:02AM by bigbear0083 http://ift.tt/2jZxyg6

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