Good morning traders of the r/StockMarket sub! Happy Friday! Here are your stock market movers & news for today-
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Frontrunning: March 3
- Investors Await Yellen Speech for Clues on Fed’s Next Move (WSJ)
- Russian Ambassador Avid D.C. Networker (WSJ)
- Pence Used Private Email for Public Business as Indiana Governor (BBG)
- Hedge Fund Titans Face What Comes Next as They Pass Certain Age (BBG)
- Japan returns to inflation for first time since 2015 (FT)
- Chasing leaks fuels paranoia in Washington (Reuters)
- Retailers Had a Dismal Christmas. Now Comes Ryan’s Import Tax (BBG)
- Harvard Academics Reveal Blueprint for Avoiding Stock Crashes (BBG)
- Was Aubrey McClendon a Billionaire, or Broke? (WSJ)
- The Jim Carrey Cover-Up (WSJ)
- China hints at trade war strategy in South Korea standoff (Reuters)
- The Most Desirable Passports On Earth Don’t Include America’s (BBG)
- Japan worker shortage has one winner so far: robots (FT)
- Parents fearing deportation pick guardians for U.S. children (Reuters)
- U.K. Economy May Be Heading for a Slowdown as Services Weaken (BBG)
- Hundreds of Firms Vie to Build Trump’s Border Wall (BBG)
- A Fit U.S. Shale Industry Challenges OPEC Once Again (BBG)
- Malaysia prepares to deport N.Korean linked to murder; condemns attack (Reuters)
- Two German Cities Cancel Turkish Rallies (WSJ)
- The German Right Believes It’s Time to Discard the Country’s Historical Guilt (WSJ)
- Islamic State Hid Training Camp in Tunnel (WSJ)
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:
NONE.
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- SNAP
- AMD
- JNUG
- JDST
- CAT
- NTNX
- NUGT
- GDX
- XBI
- BIG
- MCD
- RAD
- ADPT
- OCLR
- AOBC
- IMMR
- MNST
- ADS
- LXRX
- IBB
- OPK
- W
- KALV
- ADSK
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Costco — Shares of the warehouse retailer were under pressure after the company missed estimates with its latest numbers and announced plans to raise its membership fees. Costco earned $1.17 per share for its latest quarter, 19 cents shy of forecasts, while revenue was very slightly below estimates.
STOCK SYMBOL: COST
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Big Lots — The discount retailer reported adjusted quarterly profit of $2.26 per share, beating estimates by 4 cents, though revenue was slightly below forecasts. Same-store sales were up 0.3 percent, shy of the consensus Thomson Reuters estimate of 1.2 percent.
STOCK SYMBOL: BIG
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Expedia — Citi upgraded the travel website operator's stock to "neutral" from "sell," expressing more confidence in Expedia's ability to grow its hotel business.
STOCK SYMBOL: EXPE
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GoPro — Citi began coverage on the high-definition camera maker with a "sell" rating, citing market saturation and an overall decline for standalone imaging products.
STOCK SYMBOL: GPRO
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Dr Pepper Snapple — The beverage maker was upgraded to "buy" from "hold" at Jefferies, based largely on hopes for its November acquisition of Bai Brands and its antioxidant-infused beverages.
STOCK SYMBOL: DPS
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Autodesk — Autodesk lost 28 cents per share for its latest quarter, smaller than the 34 cent loss forecast by analysts. Revenue beat forecast, but the business software maker is forecasting a bigger than expected current quarter loss. However, the company said its moves to control costs and continue its shift to a subscription-only model are going well.
STOCK SYMBOL: ADSK
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WPP Group — WPP cut its sales forecast for this year, with the world's largest advertising company citing a very competitive ad market.
STOCK SYMBOL: WPPGY
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Lockheed Martin — Lockheed is holding conversations with the governments of Spain, Switzerland, and Belgium about potential sales of its F-35 fighter jets.
STOCK SYMBOL: LMT
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Caterpillar — Caterpillar is on watch for a second day, after the stock fell Thursday on news that law enforcement officials had searched three of its facilities. In a statement issued after the Thursday closing bell, the heavy equipment maker said it believed the searches were related to profits earned by a Swiss parts subsidiary.
STOCK SYMBOL: CAT
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Boeing — Boeing unions confirmed earlier reports that the aircraft maker was offering voluntary buyouts, saying more than 1,800 workers have accepted buyout packages.
STOCK SYMBOL: BA
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AstraZeneca, Sanofi — The drugmakers struck a joint venture deal to develop a vaccine for lower respiratory tract illness.
STOCK SYMBOL: AZN
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STOCK SYMBOL: SNY
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Snap — Snap had a successful IPO debut, finishing its first day of trading at $24.48 per share after pricing at $17. Atlantic Equities has downgraded the stock to "underweight" from "neutral," citing valuation, a day after Pivotal Research initiated coverage with a "sell" rating and set a $10 price target.
STOCK SYMBOL: SNAP
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Kroger — Kroger was removed from the "Conviction Buy" list at Goldman Sachs, with the firm citing increasing competition for the supermarket operator, although Goldman is maintaining a "buy" rating on the stock.
STOCK SYMBOL: KR
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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 Friday, March 3rd! :)
Submitted March 03, 2017 at 08:27AM by bigbear0083 http://ift.tt/2miq7F8
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