Good morning traders of the r/StockMarket sub! Happy Tuesday! Here are your stock market movers & news for today-
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Frontrunning: March 7
- Trump’s New Travel Ban Replaces Chaos With Calm (BBG)
- Indian Firms Look to Get Ahead of Immigration Curbs (WSJ)
- Republicans unveil plan to dismantle Obamacare (Reuters)
- Republicans Unveil Health Care Bill to Bridge Gaps in Party (BBG)
- Wiretap Allegation Places Trump Nominee on Hot Seat (WSJ)
- German, U.S. finance ministers to meet in Berlin next week (Reuters)
- High Court Says Jury Secrecy Not Guaranteed If Racial Bias Exists (WSJ)
- Coming Soon to Your Local Mall: Celery and Dog Food (WSJ)
- Meet the Trader Amassing 3,000 Swimming Pools of Sugar (WSJ)
- Wahaha boss sees U.S. suffering more in any trade war with China (Reuters)
- OECD Sees Lots to Worry About in the Global Economic Outlook (BBG)
- Fillon backers seek unity to revive French presidential bid (Reuters)
- Exxon’s $20 Billion Spending Plan Points to U.S. Energy Surge (WSJ)
- Hedge Funds Gird for Stock Selloff as Valuations Rattle Nerves (BBG)
- Publicity looms as PwC, MF Global go to trial in New York (Reuters)
- CSX Names Railroad Veteran Hunter Harrison as CEO (WSJ)
- America’s Predator Retires, But the Reaper Lies in Wait (BBG)
- ECB doing good job in balancing needs of euro zone members: Schaeuble (Reuters)
- One of the Rarest Precious Metals Is on Best Run in a Decade (BBG)
- Why You Should Love America’s Worst Airport (BBG)
- Carson calls slaves 'immigrants' in speech, drawing criticism (Reuters)
- Saudi Aramco to Pay Shell $2.2 Billion in Refinery Breakup (BBG)
- Iraqi forces recapture Mosul government buildings, museum (Reuters)
- Signs of slowdown grow as Britain gears up to trigger EU divorce (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:
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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:
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THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- ETRM
- SNAP
- DKS
- MOMO
- NMBL
- ASNA
- MIK
- WFT
- HPE
- JBLU
- NAV
- TERP
- BAM
- PSTG
- THRX
- LGIH
- H
- CYH
- CSX
- CETX
- TSM
- RTN
- USLV
- SAEX
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Dick's Sporting Goods — The sporting goods retailer earned an adjusted $1.32 per share for its latest quarter, 2 cents a share above estimates. Revenue came in slightly above forecasts. Same-store sales increased by 5 percent, above the consensus Thomson Reuters estimate of 4.6 percent. Dick's is also forecasting current-quarter profit of $0.50 to $0.55 per share on an adjusted basis, however, compared to the $0.61 a share consensus estimate.
STOCK SYMBOL: DKS
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Michaels Cos. — The arts and crafts retailer beat estimates by 1 cent a share, with adjusted quarterly profit of 96 cents per share. Revenue was very slightly below forecasts. Michaels forecast full-year earnings for the coming year at $2.05 to $2.17 per share, above the current consensus of $2.04 a share.
STOCK SYMBOL: MIK
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Navistar — The truck maker lost 76 cents per share for its latest quarter, wider than the 45 cent loss predicted by analysts. Revenue also came in below forecasts due to ongoing weakness in the trucking industry.
STOCK SYMBOL: NAV
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Health-related stocks – These will be front and center this morning, following the unveiling of the GOP's Obamacare replacement bill. The watch list ranges from drugmakers like Pfizer and Merck, to health insurers such as Aetna, Humana, Cigna, Anthem, and UnitedHealth Group, to hospital operators like Universal Health, Tenet Healthcare, and Community Health Systems.
CSX — The railroad operator named Hunter Harrison its new chief executive officer, replacing Michael Ward. Activist investor Mantle Ridge had been pushing CSX to hire Harrison, who is the former CEO of Canadian Pacific Railway.
STOCK SYMBOL: CSX
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Casey's General Stores — Casey's reported quarterly profit of 58 cents per share, falling well short of the 89 cents a share consensus estimate. The retailer's revenue also missed forecasts. Its bottom line was hit by an increase in operating costs, including higher wages.
STOCK SYMBOL: CASY
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Rambus — J.P. Morgan Securities added the chipmaker's stock to its U.S. Focus List, citing an 8.5 percent pullback in the stock since in-line fourth quarter results were announced at the end of January and calling it an opportunity to buy the stock at a reasonable price.
STOCK SYMBOL: RMBS
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Weatherford International — Weatherford named Halliburton chief financial officer Mark McCollum as its new CEO. The oilfield services company's interim CEO, Krishna Shivram, will leave Weatherford. Halliburton executive vice president Robb Voyles will service as interim CFO to replace McCollum.
STOCK SYMBOL: WFT
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United Parcel Service — UPS won an after-the-fact victory as a European Union court annulled the European Commission's 2013 decision to block a proposed acquisition of TNT Express by UPS. The court cited "procedural irregularity" for its decision. That comes a year after UPS rival FedEx acquired TNT, and the decision may provide the opportunity for UPS to sue for damages.
STOCK SYMBOL: UPS
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IBM, Salesforce.com — The two companies announced a joint venture to combine their artificial intelligence technologies.
STOCK SYMBOL: IBM
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STOCK SYMBOL: CRM
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Dish Network — Dish will join the S&P 500 next Monday. The satellite TV provider replaces Linear Technology, which is being acquired by another S&P 500 company, chipmaker Analog Devices.
STOCK SYMBOL: DISH
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General Electric, Baker Hughes — GE and Baker Hughes received a Justice Department request for more information regarding their proposed combination of GE's oil and gas businesses with Baker Hughes. Both companies still expect the transaction to close in mid-2017.
STOCK SYMBOL: GE
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STOCK SYMBOL: BHI
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Thor Industries — The recreational vehicle maker earned $1.23 per share for its latest quarter, beating estimates by a penny a share. Revenue also beat forecasts, but investors appear to be focusing on a drop in profit margins compared to a year ago.
STOCK SYMBOL: THO
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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 Tuesday, March the 7th! :)
Submitted March 07, 2017 at 08:59AM by bigbear0083 http://ift.tt/2lStsak
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