Good morning traders of the r/StockMarket sub! Happy Wednesday! Here are your stock market movers & news for today-
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Frontrunning: March 8
- GOP Disagrees on How—and Whether—to Pay for Tax Cuts (WSJ)
- 'It's like kumbaya:' Trump's genial private meetings with CEOs jar with public attacks (Reuters)
- New Health Plan Sparks Debate Over Obamacare Comparisons (WSJ)
- China Grants Preliminary Approval to 38 New Trump Trademarks (BBG)
- Questions About Loyalty to Trump Stall Treasury Picks (BBG)
- Women in U.S. plan to stay off the job, rally in anti-Trump protests (Reuters)
- CEOs Widen Income Gap Over Staff as Survey Shows 5.5% Pay Jump (BBG)
- Investors Who Missed Bitcoin Rally Go for Dash, Ether, Monero (BBG)
- Stocks Have Tripled Since Crisis, but Low Rates Are Still Squeezing Savers (WSJ)
- China Shuts Hershey-Lotte Plant in Latest Missile Spat Response (BBG)
- Swift Banking System Bars North Korean Banks (WSJ)
- New Adidas CEO Plans Fast-Fashion Focus to Catch Up to Nike (BBG)
- Brazil's worst-ever recession unexpectedly deepens in late 2016 (Reuters)
- Swirl of Government Corruption Unnerves Brazil (WSJ)
- SoftBank to Move 25% Stake in ARM to Saudi-Backed Fund (WSJ)
- Eight Fossil Fuel Giants Pollute as Much as the Whole U.S. (BBG)
- U.S., Russia Counter Erdogan in Syria as Kurds Get Shield (BBG)
- IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say (Reuters)
- Iran Wields Growing Influence in Unexpected Places (BBG)
- Who’s to Blame for the Trucker Shortage? (WSJ)
- As North Korea missile threat grows, Japan lawmakers argue for first strike options (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:
- CAT
- BA
- EXPR
- SNAP
- YIN
- BBRY
- ETP
- URBN
- SCMP
- RAI
- GOLD
- CGG
- HALO
- WYNN
- GDXJ
- BCO
- PCRX
- DKS
- GOOGL
- ETE
- LPL
- COF
- WFT
- AU
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Caterpillar — A new government report accuses the heavy equipment maker of fraud, using improper accounting methods to boost its stock price, according to a report in The New York Times.
STOCK SYMBOL: CAT
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Express — The apparel seller matched Street forecasts with quarterly profit of 29 cents per share, and revenue beat estimates. However, same-store sales fell 13 percent, more than the 12 percent consensus estimate provided by Thomson Reuters. The company said its performance was impacted by slower mall traffic and a promotional retail environment.
STOCK SYMBOL: EXPR
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Children's Place — The children's apparel retailer reported adjusted quarterly profit of $1.88 per share, beating estimates of $1.59 a share. Revenue did come in below forecasts, but Children's Place reported a better-than-expected rise in same-store sales and also announced it was doubling its quarterly dividend to 40 cents per share.
STOCK SYMBOL: PLCE
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Ciena — The networking technology company's earnings fell 3 cents a share shy of estimates, with adjusted quarterly profit of 26 cents per share. Revenue also missed forecasts.
STOCK SYMBOL: CIEN
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Bob Evans Farms — The food distributor missed estimates by a penny a share, with adjusted quarterly profit of 75 cents per share. Revenue also missed forecasts. These results contain some discontinued operations, however, and Bob Evans is in the process of selling its restaurants, which it expects to complete by the end of the year. The company also raised its full-year earnings forecast.
STOCK SYMBOL: BOBE
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Urban Outfitters — The apparel retailer missed estimates by a penny a share, with quarterly profit of 55 cents per share. Revenue was very slightly under forecasts amid more promotional activity and slower sales at the company's Anthropologie unit.
STOCK SYMBOL: URBN
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Brinks Co. — Activist investor Starboard Value cut its stake in the secure transportation services provider to 6.1 percent from 7.9 percent, according to a Securities and Exchange Commission filing.
STOCK SYMBOL: BCO
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Tesla — The automaker named former Juniper Networks executive Gary Clark as its new chief information officer.
STOCK SYMBOL: TSLA
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H&R Block — H&R Block reported an adjusted quarterly loss of 49 cents per share for its latest quarter, 4 cents a share smaller than estimates. Revenue exceeded estimates. The nation's largest tax preparation firm typically posts losses in its first three fiscal quarters, with profits generated by tax season during the fourth quarter.
STOCK SYMBOL: HRB
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Anadarko Petroleum — Anadarko announced a larger-than-expected capital expenditures budget for 2017, and forecast a 25 percent jump in oil sales volumes for this year.
STOCK SYMBOL: APC
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Snap — Snap remains on our watch list, following two straight days of heavy losses. Snap is now at $21.44 per share after rising as high as $29.44 last week after its Thursday debut.
STOCK SYMBOL: SNAP
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Bojangles — Bojangles beat estimates by 7 cents a share, with quarterly profit of 28 cents per share. The restaurant chain's revenue came in below analysts' forecasts. The company also forecast comparable restaurant sales for this year to be flat to down by a low-single digit percentage.
STOCK SYMBOL: BOJA
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Fiat Chrysler — The automaker's shares could be under pressure on Wednesday, after Reuters quoted Volkswagen CEO Matthias Muller as saying his company is not open to merger talks.
STOCK SYMBOL: FCAU
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Nike, Under Armour — These and other athletic apparel and footwear makers are on watch after new Adidas CEO Kasper Rorsted boosted his company's sales and profit targets significantly and announced his intention to keep investing heavily in the U.S. market.
STOCK SYMBOL: NKE
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STOCK SYMBOL: UAA
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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 8th! :)
Submitted March 08, 2017 at 08:39AM by bigbear0083 http://ift.tt/2mXZ6I6
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