Good morning traders of the r/StockMarket sub! Happy Monday to ya! Here are your stock market movers & news on this Monday morning-
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Frontrunning: April 10
- Euro hovers above one-month low as French election nerves grow (Reuters)
- French Election Risk Reawakens as Bonds Drop, Volatility Jumps (BBG)
- Hopes fade for U.S. bank earnings despite rally in financial shares (Reuters)
- Skepticism Grows About Higher Fed Rates Helping Banks’ Margins (BBG)
- Record Bond Issuance Signals Doubts About Economy (WSJ)
- Price for Tax Overhaul Makes Bipartisan Deal Unlikely (WSJ)
- Congress Sinks Into Partisan Morass as Shutdown Threat Looms (BBG)
- Trump considers trade order that could lead to duties (Reuters)
- Amazon.com’s Third-Party Sellers Hit By Hackers (WSJ)
- Nothing Normal About America’s Freakish Winter Weather (BBG)
- Hedge fund wants to unify BHP's corporate structure, split off U.S. oil (Reuters)
- U.S. to hold accountable those who commit crimes against 'innocents' (Reuters)
- Kremlin says Tillerson not meeting Putin (Reuters)
- South Carolina church shooter to plead guilty to murder in state court (Reuters)
- Corporate Pension Funds About to Become Huge Players in Bond Markets (BBG)
- Scarcity effects of QE: A transaction-level analysis in the Bund market (BIS)
- Rage at abandonment by the state as Egypt's Christians dig graves after bombing (Reuters)
- Pakistani court sentences accused Indian spy to death (Reuters)
- Wall Street Cop Said to Purge Contractors as Budget Fight Looms (BBG)
- Two Indonesians face 100 strokes of cane if found guilty of gay sex (Reuters)
- What Do You Do With Half a Million Rigged VWs? (BBG)
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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FRIDAY'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:
(CLICK HERE FOR THIS MORNING'S PRE-MARKET EARNINGS CALENDAR!)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
([CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!]())
NONE.
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 INSIDER TRADING FILINGS:
(CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!)
TODAY'S DIVIDEND CALENDAR:
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- GS
- TSLA
- AKRX
- GOOS
- SWFT
- WFC
- BHP
- XCRA
- KNX
- STRP
- EDR
- SJM
- TXMD
- RUSS
- RCII
- AET
- LEN
- HL
- EBAY
- PGR
- CAT
- SUN
- GEMP
- EWJ
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Wells Fargo — Following an independent investigation into its sales scandal, Wells Fargo has clawed back an additional $28 million from former CEO John Stumpf and $47 million from community banking chief Carrie Tolstedt.
STOCK SYMBOL: WFC
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BHP Billiton — Activist investor Elliott Advisors is urging the mining giant to scrap its London Stock Exchange listing. It also wants BHP to spin off its US oil and petroleum arm into a separate New York Stock Exchange listing, saying these moves could boost BHP's value. BHP said the cost of Elliott's proposals outweigh the benefits.
STOCK SYMBOL: BHP
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Swift Transportation, Knight Transportation — The two companies announced a stock-swap merger that will combine two of the biggest U.S. trucking companies. Swift shareholders will own 54 percent of the combined company and Knight holders owning the remainder.
STOCK SYMBOL: SWFT
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Intrawest Resorts — The ski resort operator is being taken private in a $1.5 billion deal worth $23.75 per share. The deal is worth less than Intrawest's Friday closing price, but about 40 percent higher than its stock price in mid-January, when it was first reported that Intrawest was exploring options.
STOCK SYMBOL: SNOW
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Toyota — Toyota will invest $1.33 billion to upgrade its Kentucky plant, part of a broader global initiative announced last year.
STOCK SYMBOL: TM
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Tesla — The automaker is denying Chinese newspaper reports that it is planning to open a plant in Guangdong, despite what it calls its deep commitment to the Chinese auto market. Separately, Piper Jaffray upgraded the stock to "overweight" from "neutral" following investor meetings last week, although it warned that the stock is subject to substantial volatility.
STOCK SYMBOL: TSLA
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Lennar — Lennar will take a 56 cents per share charge, or about $131 million, against first-quarter earnings stemming from 2008 litigation.
STOCK SYMBOL: LEN
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Alphabet — The company's Google unit has reportedly offered to invest at least $880 million in South Korea's LG Display, to help that company boost its production of OLED screens for smartphones. The Electronic Times newspaper said Google wants to boost LG's output to insure a stable supply of screens for its next generation of Pixel phones. Separately, Google is denying a Labor Department report that said it is systematically paying female employees less than their male counterparts.
STOCK SYMBOL: GOOGL
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Skechers — The footwear maker was upgraded to "negative" from "neutral" at Susquehanna Financial, saying it's now fairly valued after a 17 percent drop over the past eight trading sessions. The firm said both potential pressure in the domestic wholesale business and positive international opportunities are now reflected in the stock price.
STOCK SYMBOL: SKX
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Amazon.com — Needham upgraded Amazon to "buy" from "hold," saying its Prime program would help sustain its retail dominance.
STOCK SYMBOL: AMZN
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Mondelez — Mondelez is preparing to seek a successor to CEO Irene Rosenfeld, according to a Wall Street Journal report. The snack giant is said to have retained executive search firm Heidrick & Struggles to identify candidates to replace Rosenfeld. There is no indication she is being pushed out, however, and she has recently said she has no plans to leave.
STOCK SYMBOL: MDLZ
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Morgan Stanley — Morgan Stanley shareholders will vote on a proposal that would prevent executives who leave for government jobs from collecting stock awards. A similar proposal was defeated at the investment firm's annual meeting a year ago.
STOCK SYMBOL: MS
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Delta Air Lines — The airline continued to have difficulty with flight cancellations over the weekend following last week's storms. The airline admitted that its recovery has "not been ideal," and has offered refunds and penalty-free flight changes to passengers.
STOCK SYMBOL: DAL
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Netflix — The video streaming service announced the departure of two executives, Chief Product Officer Neil Hunt and Chief Talent Officer Tawni Cranz.
STOCK SYMBOL: NFLX
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McCormick — McCormick is reportedly considering a bid for brands being shopped by Britain's Reckitt Benckiser, including French's Mustard and Frank's RedHot. The Telegraph newspaper reports the spice maker may have competition for those brands, including Unilever and an Asian competitor.
STOCK SYMBOL: MKC
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U.S. Cellular — U.S. Cellular will not sell itself, according to the New York Post, despite encouragement from investor Mario Gabelli and his firm, Gabelli Asset Management. Gabelli believes the wireless service provider could be worth twice its current price in a sale.
STOCK SYMBOL: USM
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EBay — EBay has taken a stake in India e-commerce company Flipkart, as well as selling its India business to that company.
STOCK SYMBOL: EBAY
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Hilton — The hotel operator's stock was added to the "Conviction Buy" list at Goldman Sachs, while removing Marriott from the list. Goldman said Marriott has already put in its period of outperformance, while Hilton has been lagging but has positive catalysts ahead.
STOCK SYMBOL: HLT
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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 Monday, April the 10th! :)
Submitted April 10, 2017 at 09:19AM by bigbear0083 http://ift.tt/2oYe8vc
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