Good morning traders of the r/StockMarket sub! Happy Thursday to ya! Here are your pre-market stock movers & news for today-
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Frontrunning: January 5
- Dollar Posts Biggest Drop Since Trump's Win (BBG)
- World stocks hit 1-1/2 year high after strong China data (Reuters)
- Apple pulls New York Times apps in China after government request (Reuters)
- Macy’s Axes Jobs and Stores, Echoes Kohl’s on Weak Holiday (WSJ)
- Macy’s Declines After Reducing Outlook, Moves to Cut 6,200 Jobs (BBG)
- India’s Cash Woes Are Just Beginning (BBG)
- Trump Sows Dismay in Rural America With Late Agriculture Choice (BBG)
- Defense Firms Cash In Amid Soaring Demand for Munitions (WSJ)
- Top Intelligence Officials to Testify on Election Hacking (WSJ)
- Congress begins Russia hacking probe, Trump still skeptical of U.S. intelligence (Reuters)
- U.S. obtained evidence after election that Russia leaked emails (Reuters)
- China’s Epic Short Squeeze Is Back as Yuan Rally Crushes Bears (BBG)
- In Kuwait, a Deep Opposition Arises to the Pinch of Austerity (WSJ)
- Barclays Flags ‘Black Swan Threats’ to Commodities This Year (BBG)
- Iraqi general says 70 percent of east Mosul retaken from Islamic State (Reuters)
- Tillerson Discloses Global Assets of as Much as $400M (BBG)
- China's choices narrowing as it burns through FX reserves to support yuan (Reuters)
- UK Credit Binge Approaching Levels Not Seen Since 2008 Crash (Guardian)
- Crispin Odey’s Hedge Fund Suffers Worst Ever Annual Loss in 2016 (BBG)
- China to plow $361 billion into renewable fuel by 2020 (Reuters)
- Executives from top Turkish conglomerate held in post-coup probe (Reuters)
STOCK FUTURES NOW:
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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!)
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:
(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- M
- AMZN
- KSS
- JCP
- WBA
- GPRO
- STZ
- GNCA
- FSLR
- NVDA
- RPM
- VUZI
- HLT
- TJX
- UUP
- BRFS
- CUZ
- BHI
- TM
- JNUG
- IT
- FB
- UGAZ
- KORS
- PYPL
THIS MORNING'S STOCK NEWS MOVERS: M, KSS, ALXN, GOOGL, WBA, STZ, MYL, MA, TWLO, WDC
(source: cnbc.com)
Macy's — The retailer's stock tumbled around 10 percent after announcing disappointing holiday sales and a plan to likely cut 10,000 workers. Macy's same-store sales dropped 2.1 percent from November to December, around the low end of its previous guidance.
STOCK SYMBOL: M
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Kohl's — Kohl's slashed its full-year earnings guidance to a range of $3.60 to $3.65 per share, from $3.94 a share, sending its stock reeling 15 percent.
STOCK SYMBOL: KSS
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Alexion Pharmaceuticals — The drug company's shares gained more than 5 percent after Alexion reiterated its sales and earnings guidance for 2016. Alexion said it expects 2016 revenues to range between $3.05 billion and $3.1 billion and adjusted earnings per share between $4.50 and $4.65.
STOCK SYMBOL: ALXN
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Alphabet — The Labor Department filed a lawsuit against Alphabet's Google unit seeking access to the company's compensation data and documents, specifically to its equal opportunity program.
STOCK SYMBOL: GOOGL
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Walgreens Boots Alliance — The largest drug store chain in the U.S. reported an unexpected drop in quarterly sales, but raised the lower end of its fiscal 2017 earnings range by 5 cents, to $4.90 per share. Separately, Walgreens said it working toward closing its takeover of Rite Aid "in the early part of this calendar year."
STOCK SYMBOL: WBA
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Constellation Brands — The maker of Corona and Modelo beers posted a 10.3 percent increase in quarterly sales, helped by strong demand for its high-end beers and the acquisition of Ballast Point, a brewing company in San Diego, California.
STOCK SYMBOL: STZ
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Mylan — Analysts at Citi downgraded the drugmaker's stock to "neutral" from "buy," and cut its price target to $44 from $59. Citi said it sees "limited upside" on the stock, citing "the opportunity for meaningful multiple expansion from current levels, given our stance on the generics space in general."
STOCK SYMBOL: MYL
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Mastercard — RBC upgraded the credit card firm's stock to "top pick" from "outperform" and hiked its price target to $130 from $115. The analysts cited a possible pickup in earnings and a re-acceleration in sales while operation expenditures slow, among others.
STOCK SYMBOL: MA
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Twilio —Pacific Crest upgraded Twilio shares to "overweight" from "sector weight," citing an "underappreciated growth potential inherent in a usage-based model similar to [Amazon Web Services]." Twilio's stock rose more than 3 percent in premarket trading.
STOCK SYMBOL: TWLO
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Western Digital — Analysts at BMO upgraded the California-based company's stock to "outperform" from "market perform," and raised its price target to $90 from $66. BMO also said it expects organic revenue growth to return in fiscal 2017.
STOCK SYMBOL: WDC
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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 Thursday January the 5th! :)
Submitted January 05, 2017 at 08:52AM by bigbear0083 http://ift.tt/2hURsaE
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