Monday, April 24, 2017

4.24.17 Monday Stock Market Movers & News

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 24

  • French election relief sends Europe soaring (Reuters)
  • Gloves off as Le Pen and Macron pitch for final battle (Reuters)
  • French Runoff Creates Fresh Political Divisions (WSJ)
  • U.S. Government Shutdown May Hinge on Trump’s Demand for Mexico Wall (BBG)
  • Congress returns as Trump pressures Democrats ahead of funding deadline (Reuters)
  • The Rich Are Living Longer and Taking More From Taxpayers (BBG)
  • Mattis Pays Surprise Visit to Kabul (WSJ)
  • Bomb attack hits U.S. base in eastern Afghanistan (Reuters)
  • The Electric Car Revolution Now Faces Its Biggest Test (BBG)
  • States Seek to Blunt Insurers’ Costs in Bid to Shore Up Health Exchanges (WSJ)
  • Top Iron Ore Forecaster Says Prices Will Sink Back Below $50 (BBG)
  • Billionaire Doctor’s $11,000 Cancer Test Has Few Takers So Far (BBG)
  • ‘Apartheid Without the Racism’: How China Keeps Rural Folks Down (WSJ)
  • German Business Confidence Climbs to Highest Since July 2011 (BBG)
  • Goldman Got Burned by These Debts in Rare Trading Miss (BBG)
  • How a $1.4 Billion ETF Gold Rush Rattled Mining Stocks Around the World (WSJ)
  • PPG Again Raises Bid For Akzo Nobel (WSJ)
  • Akzo to Consider PPG's Sweetened $29 Billion Takeover Offer (BBG)
  • IBM Says CEO Pay Is $33 Million. Others Say It Is Far Higher (BBG)
  • U.S., Philippines scale back next month's military drills, no more 'war games' (Reuters)
  • Samsung to Issue Galaxy S8 Software Updates After Complaints (WSJ)
  • Local, global security firms in race along China's 'Silk Road' (Reuters)
  • China clamps down on excess steel as Japan decries Trump 'protectionism' (Reuters)

STOCK FUTURES NOW:

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FRIDAY'S MARKET HEAT MAP:

(CLICK HERE FOR FRIDAY'S MARKET HEAT MAP!)

FRIDAY'S S&P SECTORS:

(CLICK HERE FOR FRIDAY'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:

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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:

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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • AKTX
  • UVXY
  • SPY
  • DB
  • HAS
  • HAL
  • MSFT
  • XIV
  • SVXY
  • AKS
  • KMB
  • PHG
  • BCR
  • XOMA
  • XLNX
  • BIIB
  • TRUE
  • PPG
  • TVIX
  • STLD
  • NUE
  • DUST
  • IWM
  • VXX
  • EDU

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Hasbro — The toymaker beat estimates on the top and bottom lines, as its licensed toys such as those based on the "Nerf" and "Transformers" franchises sold well. Hasbro earned 54 cents per share, including an 11 cent a share one-time benefit, compared to estimates of 38 cents a share.

STOCK SYMBOL: HAS

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Halliburton — The oilfield services company earned an adjusted four cents per share for the first quarter, one cent a share above estimates. Revenue also exceeded forecasts. The company said its quarter was helped by an increase in North American drilling activity, among other factors.

STOCK SYMBOL: HAL

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Kimberly-Clark — The consumer products maker earned $1.57 per share for its latest quarter, two cents a share above estimates. Revenue fell shy of forecasts. It also raised its full-year 2017 forecast, based on an improved currency outlook and faster commodity inflation.

STOCK SYMBOL: KMB

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PPG Industries — The paint maker once again raised its offer for Dutch paint maker Akzo Nobel, after being rejected twice. The latest offer is worth $28.8 billion in cash and stock, 17 percent higher than the original proposal.

STOCK SYMBOL: PPG

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FelCor Lodging Trust — The hotel REIT will be merged into a wholly owned subsidiary of RLJ Lodging Trust in what will result in a $7 billion combination. FelCor shareholders will receive 0.362 shares of RLJ common stock for each share they now hold.

STOCK SYMBOL: FCH

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TrueCar — The car-buying service announced a secondary offering of 8.5 million shares, with one million of those sold by the company itself and the rest by current stockholders.

STOCK SYMBOL: TRUE

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United Continental — The airline announced that Chief Executive Oscar Munoz will not become chairman next year as originally scheduled. That follows the widespread controversy over the forced removal of a passenger from a United flight.

STOCK SYMBOL: UAL

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Sears Holdings — Sears is evaluating bids for some of its real estate assets, and the retailer also said it expects to report a first-quarter profit.

STOCK SYMBOL: SHLD

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Netflix — The video streaming service announced it intended to offer a one billion pound sterling debt offering outside the United States to non-U.S. investors.

STOCK SYMBOL: NFLX

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C.R. Bard — Bard agreed to be bought by rival medical supplies maker Becton Dickinson for $24 billion in cash and stock. The deal values C.R. Bard at $317 per share, representing a 25.2 percent premium over Friday's close.

STOCK SYMBOL: BCR

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Sprint — The wireless carrier is exploring options other than a possible purchase by rival T-Mobile US, according to a Bloomberg report. Sprint majority owner SoftBank is said to believe that Sprint's wireless spectrum holdings are undervalued and could be spun off into a separate publicly traded company.

STOCK SYMBOL: S

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Deutsche Bank, Credit Suisse, Barclays — European bank stocks are surging following the French election results.

STOCK SYMBOL: DB

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Sally Beauty Holdings — The provider of beauty supplies was downgraded to "sector weight" from "overweight" at KeyBanc, which points to concerns over management's operational plans.

STOCK SYMBOL: SBH

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O'Reilly Automotive — The auto parts retailer got a positive mention in Barron's, which said the company's stock could rise by 75 percent over the next three years. The paper said the stock has an attractive valuation after it fell on an earnings miss, an analyst downgrade, and concerns over an incursion into its space by Amazon.com, but that the company is well-positioned and has advantages over rivals like AutoZone and Advance Auto Parts.

STOCK SYMBOL: ORLY

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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 24th! :)



Submitted April 24, 2017 at 09:26AM by bigbear0083 http://ift.tt/2p9C4fD

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