Tuesday, March 28, 2017

3.28.17 Tuesday Stock Market Movers & News

Good morning traders of the r/StockMarket sub! Happy Tuesday to ya! Here are your stock market movers & news for today-


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Frontrunning: March 28

  • U.S. stock futures up as investors look beyond failed healthcare bill (Reuters)
  • Ryan's Tax Plan May Get Familiar Foes: GOP's Conservative Caucus (BBG)
  • Congress to Battle Over Spending After Failed Health Bill (WSJ)
  • Trump to End Obama Policies for Paris Climate Accord (BBG)
  • Trump to sign order sweeping away Obama-era climate policies (Reuters)
  • If Stocks Wobble, Will Bonds Be There To Absorb the Blow? (WSJ)
  • Nunes Meeting Prompts Call for Him to Step Aside From Probe (WSJ)
  • As Democratic attorneys general target Trump, Republican AGs target them (Reuters)
  • U.S. Says Gambler Made Clorox Trades After Calls With Icahn (BBG)
  • Despite Trump’s Move on Climate Change, Firms to Still Shift Away From Coal (WSJ)
  • Manhattan Retail Landlords Offer Unprecedented Giveaways (BBG)
  • Ford plans ‘significant’ investments in 3 plants (DN)
  • America's Housing Inventory Problem, Explained in Four Charts (BBG)
  • SoftBank Considers $6 Billion Investment in China’s Didi (WSJ)
  • More Democrats oppose Trump's U.S. Supreme Court pick (Reuters)
  • Rich Venezuelans Are Seeking Haven in Madrid (BBG)
  • Police erect new security barriers around Queen's Windsor castle after London attack (Reuters)
  • Riots in Paris after Chinese man shot dead (Reuters)
  • With Help From France’s Elite, Le Pen Tries to Steer Far-Right Party to Mainstream (WSJ)
  • China's HNA in talks to buy controlling stake in Forbes - sources (Reuters)
  • China able to deploy warplanes on artificial islands any time: U.S. think tank (Reuters)

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/NEXT WEEK'S IPO'S:

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

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!)

THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:

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

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • AMZN
  • RHT
  • AAL
  • TSRO
  • SQ
  • FSLR
  • CARA
  • EDIT
  • ZNH
  • ROST
  • IPXL
  • MKC
  • MOMO
  • GOLD
  • DRI
  • HP
  • PSIX
  • CRBP
  • APOP
  • HCLP
  • QQQ
  • NWL
  • FB
  • SBLK

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Darden Restaurants — The Olive Garden parent reported quarterly earnings of $1.32 per share, five cents a share above estimates. Revenue was slightly above forecasts, with Olive Garden's 1.4 percent rise in comparable sales beating estimates by a comfortable margin. Separately, Darden announced the acquisition of casual restaurant chain Cheddar's Scratch Kitchen for $780 million in cash.

STOCK SYMBOL: DRI

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Red Hat — Red Hat matched Street forecasts with adjusted quarterly profit of 61 cents per share, while the Linux software company's revenue was well above estimates. Full-year earnings guidance also exceeded analysts' forecasts, as the company signed up new customers at a faster-than-expected pace.

STOCK SYMBOL: RHT

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Tesla — China-based investment firm Tencent has disclosed a five percent passive stake in the automaker, according to a Securities and Exchange Commission filing.

STOCK SYMBOL: TSLA

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Amazon.com — Amazon announced the acquisition of Mideast online retailer Souq.com for an undisclosed amount, beating out Dubai mall operator Emaar Malls. Terms were not disclosed but some news reports have put the price at $650 million or more.

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)

McCormick — The spice maker reported adjusted quarterly profit of 76 cents per share, two cents a share above estimates. Revenue was slightly short of forecasts, however. McCormick said it was on track to save $100 million in costs this year.

STOCK SYMBOL: MKC

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Ericsson — Ericsson is revamping its managed services business, as well as exploring options for its money-losing media business. The telecom equipment maker will take a charge of up to roughly $1 billion to implement the changes.

STOCK SYMBOL: ERIC

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American Airlines — American is taking a $200 million stake in China Southern Airlines. It is the second airline to take a stake in a Chinese carrier, with Delta having bought a stake in China Eastern Airlines in 2015.

STOCK SYMBOL: AAL

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Valeant Pharmaceuticals — Valeant was sued by former CEO Michael Pearson, who claimed the drugmaker did not pay him more than three million Valeant shares that he is owed. Pearson said the shares were due last November under terms of his separation agreement.

STOCK SYMBOL: VRX

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General Electric — GE closed the sale of its French consumer finance business, the last major sale that had been scheduled under its GE Capital exit plan.

STOCK SYMBOL: GE

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Tesaro — The drugmaker received Food and Drug Administration approval for its ovarian cancer drug niraparib.

STOCK SYMBOL: TSRO

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Mylan — A study by private drug pricing experts says that the drugmaker's proposed $465 million settlement with the government over EpiPen pricing is less than what it saved with its allegedly improper classification of the emergency allergy treatment as a generic.

STOCK SYMBOL: MYL

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Decker's Outdoor — The apparel and footwear maker is being pushed to explore a sale by activist investor Red Mountain, which owns about 3.3 percent of the company's outstanding shares. Another activist investor, Marcato Capital, owns a six percent stake in Deckers and has said it intends to discuss possible strategy and options with management.

STOCK SYMBOL: DECK

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PPG Industries — Dutch paint maker Akzo Nobel said it would detail its strategy to remain independent on April 19, as it tries to dodge PPG's overtures after rejecting two bids from its U.S.-based rival.

STOCK SYMBOL: PPG

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Comcast — The NBCUniversal and CNBC parent and cable operator is planning to rebrand and expand its video streaming options for broadband subscribers who do not want a traditional cable package, according to a Reuters report.

STOCK SYMBOL: CMCSA

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MuleSoft — Investor Marc Stad reported a 6.5 percent passive stake in the applications network software maker, according to an SEC filing.

STOCK SYMBOL: MULE

(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 Tuesday, March the 28th! :)



Submitted March 28, 2017 at 08:34AM by bigbear0083 http://ift.tt/2nHKX1A

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