Good morning traders of the r/StockMarket sub! Happy Thursday! Here are your stock market movers & news for today-
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Frontrunning: February 23
- Trump to Brainstorm on Job Policies With Corporate CEOs (BBG)
- Border-Adjustment Tax Divides Energy Sector (WSJ)
- French Bonds Rally After Macron Boosts Presidential Campaign (BBG)
- Boeing Fighter Jet, Feared Dead, Gets New Life From Trump Tweets (BBG)
- Treasury Secretary Steven Mnuchin Sees Tax Overhaul by August (WSJ)
- Why Mexico Is Trump’s First Line of Defense on Immigration (BBG)
- China military says aware of U.S. carrier in South China Sea (Reuters)
- Carlos Ghosn Steps Back From Nissan CEO Role (WSJ)
- Trump Wants a Pro-Business SEC. That Has Some Investors Worried (BBG)
- Barclays Shares Climb on Capital Boost, Overhaul Progress (BBG)
- Glencore Returns to Profit on Commodities Boom (WSJ)
- Iraqi forces storm Mosul airport, military base (Reuters)
- U.K. Net Migration Hits 2-Year Low in Brexit Boost for May (BBG)
- Riot police confront banned anti-police protest in Paris (Reuters)
- Inside Ivanka Trump’s Campaign for a $500 Billion Child-Care Plan (BBG)
- Landlords Are Taking Over the U.S. Housing Market (BBG)
- How Hit Team Came Together to Kill Kim Jong Nam (WSJ)
- Malaysia requests Interpol alert on four North Koreans over airport murder (Reuters)
- Retail's Creditors Left Grasping as Brands Are Put Out of Reach (BBG)
- ValueAct's Ubben 'disinvesting' because of high valuations (Reuters)
- U.S. Energy Regulator Still Advancing Obama-Era Climate Guidance (BBG)
- Florida man accused of Clinton Foundation hack to plead guilty (Reuters)
- Why the Market Rally May Not Need Help From Trump (BBG)
- Tech breakthroughs take a backseat in upcoming Apple iPhone launch (Reuters)
- Social Media Is Driving Americans Insane (BBG)
- Tesla says Model 3 on track for volume production by September (Reuters)
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/NEXT 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 PAGE # 1!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES PAGE # 2!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES PAGE # 3!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES PAGE #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES PAGE #2!)
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- TSLA
- CHK
- SPY
- UGAZ
- AMD
- RIG
- KSS
- MBOT
- SQ
- WLL
- VALE
- DGAZ
- JNUG
- CYCC
- BABA
- NUGT
- TXMD
- CRBP
- NVDA
- W
- CM
- NVCR
- CTRP
- MDXG
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Hormel – The maker of Spam, Dinty Moore, and other food brands fell a penny a share short of estimates, with quarterly profit of 44 cents per share. Revenue came in slightly above forecasts. Hormel also lowered its forward guidance because of unfavorable conditions in the turkey industry.
STOCK SYMBOL: HRL
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Kohl's – The retailer earned $1.44 per share for the fourth quarter, 11 cents a share above estimates. Revenue essentially was in line. Kohl's did forecast same-store sales for 2017 to be flat to down two percent, a range that falls largely below estimates.
STOCK SYMBOL: KSS
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HP Inc. – HP reported adjusted quarterly profit of 38 cents per share, one cent a share above estimates. The computer hardware maker's revenue also beat forecasts. HP's results were helped by a rebound in the personal computer business, with sales rising for a second straight quarter.
STOCK SYMBOL: HPQ
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Tesla – Tesla reported a wider-than-expected loss of 69 cents per share, compared to the consensus estimate of a 43 cent a share loss. The automaker's revenue beat forecasts, however, and it said its new Model 3 sedan was on track for volume production by September. Separately, Tesla announced the departure of CFO Jason Wheeler in April, to be replaced by former CFO Deepak Ahuja.
STOCK SYMBOL: TSLA
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Square – Square lost four cents per share for its latest quarter, smaller than the nine cents a share forecast by analysts. The mobile payments company's revenue came in slightly above estimates. Square saw a better than 34 percent jump in payment volume compared to a year earlier.
STOCK SYMBOL: SQ
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LendingTree – The online lender beat estimates by nine cents a share, with adjusted quarterly profit of 87 cents per share. Revenue also topped forecasts. The company said it was pleased with its performance in the face of a multitude of headwinds.
STOCK SYMBOL: TREE
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Sanderson Farms – The poultry producer earned $1.02 per share for its latest quarter, missing estimates by 16 cents a share. Revenue missed analysts' estimates, as well. The company did see better results than a year ago thanks to improved pricing, due in part due to the year-ago effect of avian flu.
STOCK SYMBOL: SAFM
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Wayfair – The online home goods market retailer lost 34 cents per share for its latest quarter, smaller than the 50 cents a share loss consensus estimate. Revenue exceeded forecasts, with the company experiencing what it calls "exceptional" growth.
STOCK SYMBOL: W
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Fitbit – Fitbit reported a quarterly loss of 56 cents per share, six cents a share wider than expected. The wearable fitness device maker's revenue fell short of estimates. The company's bottom line was hurt by weaker-than-expected holiday sales of its latest fitness trackers. It was Fitbit's first quarterly loss since going public in June 2015.
STOCK SYMBOL: FIT
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Jack In The Box – Jack In The Box missed estimates by seven cents a share, with adjusted quarterly profit of $1.18 per share. The restaurant chain's revenue fell short of forecasts, as well. The results were impacted by lower-than-expected sales at the company's Qdoba Mexican Grill chain, and Jack In The Box cut its full-year earnings forecast.
STOCK SYMBOL: JACK
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Cheesecake Factory – Cheesecake Factory matched estimates, with adjusted quarterly profit of 67 cents per share. The restaurant chain's revenue beat Street forecasts as comparable restaurant sales rose 1.1 percent.
STOCK SYMBOL: CAKE
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L Brands – L Brands beat estimates by 13 cents a share, with adjusted quarterly profit of $2.03 per share. The Victoria's Secret parent saw revenue miss estimates, however, and it also gave weaker-than-expected guidance for the full year on slowing demand at its biggest brand.
STOCK SYMBOL: LB
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Barclays – Barclays reported an unexpected rise in its core capital ratio, with that key metric rising to 12.4 percent compared to expectations of 11.8 percent. The bank set aside more money to cover possible costs of legal issues and global market conditions.
STOCK SYMBOL: BCS
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Wells Fargo – Wells Fargo may be hit up for legal costs by Prudential Financial, according to a Securities and Exchange Commission filing by the insurance company. The dispute centers around whether Wells Fargo retail bankers improperly sold Prudential's insurance.
STOCK SYMBOL: WFC
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Boston Beer – The maker of Sam Adams beer gave a weaker-than-expected full-year forecast, and said it was disappointed with weak depletion rates. Those rates measure the speed at which beer is delivered from distributors to retail stores.
STOCK SYMBOL: SAM
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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, February the 23rd! :)
Submitted February 23, 2017 at 09:10AM by bigbear0083 http://ift.tt/2lz7GJO
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