Good morning traders of the r/StockMarket sub! Happy Wednesday to ya! Here are your stock market movers & news for today-
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Frontrunning: March 29
- British PM May fires starting gun on Brexit (Reuters); Britain Starts ‘Historic’ Brexit Process (BBG)
- Firms stack up Brexit warnings as May triggers divorce talks (Reuters)
- Huge range of sterling forecasts clouds horizon for Brexit talks (Reuters)
- Merger of Deutsche Börse and LSE Blocked by EU Regulator (WSJ)
- After crippling cost overruns, Toshiba's Westinghouse files for bankruptcy (Reuters)
- Manafort Received Loans From Former Trump Adviser (WSJ)
- The Great Nevada Lithium Rush to Fuel the New Economy (BBG)
- More States Weigh Expanding Medicaid After Health Bill’s Demise (WSJ)
- Germany to block right-winger from ceremonial post in parliament (Reuters)
- FDA Approves Drug for Primary Progressive Multiple Sclerosis (WSJ)
- Behind Trump Rally Resilience Is Unusually Firm Profit Outlook (BBG)
- Stores Serving Immigrants Feel Pinched by Trump Moves (WSJ)
- Police union warns Trump 'sanctuary city' cuts could risk safety (Reuters)
- German engineering association sees potential upswing in U.S. (Reuters)
- Malaysia inspects North Korean coal ship for possible U.N. sanctions breach (Reuters)
- Amazon and Facebook Hit Unexpected Obstacle in India: China (WSJ)
- Islamic State shelling stops work on damaged Syrian dam (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!)
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!)
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:
- CBIO
- TWTR
- UGAZ
- F
- VRTX
- DEPO
- RH
- SKX
- FB
- LULU
- FTNT
- EXAR
- VRNT
- DNKN
- SHLD
- BRFS
- PLAY
- EWJ
- MXL
- LAUR
- CMI
- SAIA
- URI
- SWN
- MS
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Sonic — The restaurant chain earned an adjusted 15 cents per share for its latest quarter, one cent a share above estimates. Revenue was light, however, and Sonic also saw comparable-restaurant sales fall 7.4 percent, wider than the 4.3 percent consensus estimate.
STOCK SYMBOL: SONC
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Restoration Hardware — The company beat estimates by two cents a share, with adjusted quarterly profit of 68 cents per share. Te home furnishings retailer saw revenue also beat forecasts. Upbeat guidance for the current quarter is also in play, as the company's move to a membership model starts to gain some traction.
STOCK SYMBOL: RH
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Dave & Buster's — Dave & Buster's came in four cents a share above estimates, with quarterly earnings of 63 cents per share. The restaurant chain's revenue was in line with Street projections, but a comparable-restaurant sales gain of 3.2 percent was short of the 3.7 percent consensus estimate.
STOCK SYMBOL: PLAY
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GlaxoSmithKline — The drugmaker's shares are getting a boost after the Food and Drug Administration did not issue an expected decision on whether to approve Mylan's generic version of GSK's lung disease drug Advair.
STOCK SYMBOL: GSK
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PPG Industries — PPG remains on the watch list today after activist investor Elliott was quoted in a Dutch newspaper as saying Akzo Nobel shareholders owning 25 percent of the paint maker want it to engage in talks with PPG. Akzo has so far rejected two bids from its U.S.-based rival.
STOCK SYMBOL: PPG
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BlackRock — The asset manager is overhauling its active management business by cutting jobs, slashing fees, and increasing its use of computers to pick stocks.
STOCK SYMBOL: BLK
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Wells Fargo — The bank reached a $110 million tentative settlement of a class-action suit related to its sales practices scandal. The settlement still needs court approval.
STOCK SYMBOL: WFC
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Vertex Pharmaceuticals — The drugmaker plans to seek Food and Drug Administration approval for an experimental cystic fibrosis drug after promising results in late-stage studies.
STOCK SYMBOL: VRTX
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Dunkin' Brands — The restaurant chain was downgraded to "sell" from "neutral" at Goldman Sachs, which sees risk to the outlook for same-store sales and unit growth at U.S.-based Dunkin' Donuts shops. Goldman also notes that Dunkin' is trading at the high end of its valuation range.
STOCK SYMBOL: DNKN
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Skechers — The footwear maker was downgraded to "negative" from "positive" at Susquehanna Financial, saying growth prospects are being hurt by competition from companies like Adidas, Puma, Nike, and Under Armour.
STOCK SYMBOL: SKX
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Exar — The integrated circuit maker agreed to be bought by rival MaxLinear for $13 per share, or $472 million net of cash held by Exar. The price represents a 22.4 percent premium over Exar's Tuesday closing price.
STOCK SYMBOL: EXAR
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Amazon.com, Facebook, Alphabet, eBay — These stocks are rated "overweight" in a new global internet research report at Barclays. Among the highlights for each stock: Amazon's ad business growth, Facebook's higher video engagement, growing mobile search for Alphabet, and improvement in ad conversion rates at eBay.
STOCK SYMBOL: AMZN
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STOCK SYMBOL: FB
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STOCK SYMBOL: GOOGL
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STOCK SYMBOL: EBAY
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Morgan Stanley — Deutsche Bank upgraded Morgan Stanley to "buy " from "hold," noting valuation following a recent 10 percent drop as well as quicker than expected improvement in Morgan Stanley's fixed income business.
STOCK SYMBOL: MS
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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 Wednesday, March the 29th! :)
Submitted March 29, 2017 at 08:29AM by bigbear0083 http://ift.tt/2o6JCSD
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