Good morning traders of the r/StockMarket sub! Happy Thursday to ya! Here are your stock market movers & news for today-
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Frontrunning: March 23
- Republicans Struggle to Unite on Health Bill (WSJ)
- Trump Still Negotiating in Bid to Save Healthcare Bill Before Vote (BBG)
- Trump Tantrum looms on Wall Street if healthcare effort stalls (Reuters)
- High stakes for Trump in vote on healthcare plan (Reuters)
- GOP Lawmaker Sparks New Battle Over Trump Spy Claim (WSJ)
- Lawmaker says U.S. foreign surveillance 'unmasked' Trump associates (Reuters)
- Arrests mount after UK parliament attack (Reuters)
- Trump Jr. Called a 'Disgrace' for Criticizing London Mayor (BBG)
- 'What a mad world' says minister who tried to save wounded officer in parliament (Reuters)
- U.S. embassies ordered to identify population groups for tougher visa screening (Reuters)
- SNB Spent 67.1 Billion Francs on Currency Interventions in 2016 (BBG)
- 0% Financing Deals Bite Back Retailers as Fed Raises Rates (WSJ)
- Where De Beers Hid Its $5 Billion Diamond Stash (BBG)
- Democrats Seize on Disability Ruling in Opposing Gorsuch (WSJ)
- Inside the Troubled Kushner Tower: Empty Offices and Mounting Debt by Caleb Melby and David Kocieniewski March (BBG)
- Inside Alabama’s Auto Jobs Boom: Cheap Wages, Little Training, Crushed Limbs (BBG)
- Teva to Cut as Many as 6,000 Jobs: Israeli Newspaper (BBG)
- Stanford’s New Freshman Class Is for Successful Retirees (BBG)
- China says U.S. should respect China's air defense zone (Reuters)
- Drugmakers Take to Airwaves to Counter Trump's `Murder' Charge (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:
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- GDX
- FEYE
- CAG
- GDXJ
- PVH
- ACN
- RACE
- MU
- FIVE
- TWTR
- CYTK
- NMBL
- NUGT
- WLL
- INSY
- F
- LITE
- NVRO
- NSC
- COG
- GLD
- DEPO
- SNAP
- CUR
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
ConAgra Brands – The food producer beat estimates by four cents a share, with adjusted quarterly profit of 48 cents per share. Revenue was essentially in line with estimates. ConAgra also said it expected to deliver full-year profit at or slightly above the high end of its expected range, although its sales will fall at or slightly below the low end, impacted by a soft retail environment.
STOCK SYMBOL: CAG
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Accenture – The consulting firm reported quarterly profit of $1.33 per share, beating estimates by three cents a share. Revenue also topped forecasts, as the company saw an increase in demand for its digital and cloud services.
STOCK SYMBOL: ACN
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Scholastic – The publishing company lost an adjusted 36 cents per share for its latest quarter, wider than the 25-cents-a-share loss predicted by analysts. Revenue also missed estimates, in part due to decreased club sales, but the company said it is making progress in effectively controlling costs.
STOCK SYMBOL: SCHL
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Teva Pharmaceutical – The drug company said various media reports that it would cut up to 6,000 jobs are incorrect, although the company did say it is freezing recruitment and not replacing certain employees after they leave.
STOCK SYMBOL: TEVA
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PPG Industries – The paint maker is not ruling out making a hostile bid for Dutch rival paint maker Akzo Nobel, according to a Bloomberg report, after two prior bids were rejected.
STOCK SYMBOL: PPG
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Whole Foods – UBS began coverage of the organic grocer's stock with a "sell" rating, saying the days of double-digit sales and earnings growth are over and that the share price does not properly reflect that reality.
STOCK SYMBOL: WFM
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FireEye – Goldman upgraded the cybersecurity products maker to "buy" from "sell," with recurring revenue growing faster than expected. Goldman also points to optimism surrounding Helix, the company's advanced analytics platform.
STOCK SYMBOL: FEYE
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Dollar Tree – Credit Suisse upgraded the discount retailer's stock to "neutral" from "underperform," saying the risk/reward profile is now balanced despite the firm's ongoing concerns about its integration of Family Dollar. At the same time, Credit Suisse downgraded rival Dollar General to "underperform" from "neutral," saying cost pressures will weigh on earnings for some time.
STOCK SYMBOL: DLTR
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Kroger, Supervalu – RBC upgraded both supermarket operators to "outperform" from "sector perform," citing improved macro conditions for both and potential real estate value for Supervalu.
STOCK SYMBOL: KR
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STOCK SYMBOL: SVU
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PVH – PVH reported adjusted quarterly profit of $1.23 per share, four cents a share above estimates. Revenue was also slightly above forecasts. The apparel maker – which counts Calvin Klein and Tommy Hilfiger among its brands – also gave better-than-expected guidance for the full year.
STOCK SYMBOL: PVH
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Five Below – Five Below matched estimates with quarterly profit of 90 cents per share, while the discount retailer saw revenue miss Street forecasts. Its comparable sales increase of one percent did exceed consensus forecasts, and the company also said it is on track to see profit and revenue growth by 20 percent annually through 2020.
STOCK SYMBOL: FIVE
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Wells Fargo – The bank will debut its cardless ATM machines on Monday, becoming the first U.S. bank to implement cardless ATMs across its entire network.
STOCK SYMBOL: WFC
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Sears – Sears suppliers are reducing shipments and asking for better payment terms, according to a Reuters report. That follows the retailer's statement in its annual report that it had doubts about its ability to continue as a going concern.
STOCK SYMBOL: SHLD
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Hartford Financial — The firm settled a $15 billion dispute with mutual fund provider American Funds. Hartford had wanted to replace dozens of funds available to variable-annuity customers with its own funds. American maintained that the new funds would not have offered the same potential. Hartford said it still believed in the merits of its plan, but has withdrawn the request for approval from federal regulators.
STOCK SYMBOL: HIG
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BlackRock — The asset manager now owns nearly 5.2 percent of Japanese game maker Nintendo, according to a regulatory filing.
STOCK SYMBOL: BLK
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MSCI — The index provider is seeking input on whether to add China shares to its Emerging Markets index. It has declined to do so for several years because of concerns over various regulations governing the Chinese market.
STOCK SYMBOL: MSCI
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Cintas – Cintas reported quarterly profit of $1.08 per share, one cent a share above estimates. The uniform provider's revenue was in line with Street forecasts. The company also made optimistic comments about its outlook based on the just-completed acquisition of G&K Services, which had been a rival provider of uniforms.
STOCK SYMBOL: CTAS
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Herman Miller – Herman Miller beat estimates by seven cents a share, with quarterly profit of 39 cents per share. The furniture maker's revenue came in below Street projections. The company said it is in the early stages of implementing a cost reduction plan that it hopes will save $25 million to $35 million over the next three fiscal years.
STOCK SYMBOL: MLHR
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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, March the 23rd! :)
Submitted March 23, 2017 at 08:52AM by bigbear0083 http://ift.tt/2nGDpfP
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