Good morning traders of the r/StockMarket sub! Happy Wednesday! Here are your stock market movers & news on this Wednesday morning-
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Frontrunning: April 5
- No big bets ahead of Trump-Xi meeting; oil, metal prices firm (Reuters)
- Senate on the Brink of ‘Nuclear Option’ in Gorsuch Vote (WSJ)
- Le Pen Ambushed on Euro in French Debate (BBG)
- Trump touts coal but utilities aren't listening (Reuters)
- Trump Officials Alarmed China May Bid for Westinghouse Unit (BBG)
- EU lawmakers adopt Brexit resolution, reject pro-Gibraltar hint (Reuters)
- EU, Greece urge deal on bailout review on Friday (Reuters)
- Russia Detains Terror Suspects in St. Petersburg After Blast (BBG)
- Apple Pay Promised to Make Plastic Obsolete. Then Came Wary Shoppers, Confused Clerks (WSJ)
- Global Shipping Fleet Braces for Chaos of $60 Billion Fuel Shock (BBG)
- Ultralow rate driving Japan's public pension fund out of JGBs (Nikkei)
- ETFs Are the New Bond Kings (BBG)
- Arianna Huffington Leads Crusade to Deal With Uber’s Scandals (WSJ)
- JAB Holding to buy bakery chain Panera Bread in $7.5 billion deal (Reuters)
- Ferguson mayor re-elected in his first election after shooting (Reuters)
- South Africa's ANC stands by Zuma, rejects calls for president to quit (Reuters)
- EU clears ChemChina takeover of Syngenta with conditions (Reuters)
- Deutsche Bank Loses Senior Executives After Bonuses Slashed (BBG)
- Apple aims for more control, less cost as it accelerates in chip design (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 INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- AMZN
- NVDA
- PNRA
- WBA
- HIMX
- CHK
- PWR
- GBX
- TWTR
- MKC
- BX
- ULTA
- CX
- SYT
- MON
- SPLS
- CRVS
- TWLO
- MZOR
- CYCC
- GNRC
- CZR
- ASPS
- UNH
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Panera Bread — Caribou Coffee and Peet's Coffee & Tea owner JAB agreed to buy Panera for $7.5 billion, including the assumption of $340 million in debt. The deal is worth $315 per share in cash, about 20 percent higher than Panera's price before reports of the talks became public last week.
STOCK SYMBOL: PNRA
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Walgreens Boots Alliance — The drugstore chain matched estimates with adjusted quarterly profit of $1.36 per share, but revenue was below forecasts. Walgreens said it was pleased with the quarter amid challenging conditions in some of its markets. The company also authorized a $1 billion share repurchase program.
STOCK SYMBOL: WBA
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Acorda Therapeutics — The drugmaker will cut nearly 20 percent of its workforce, in a move expected to save more than $21 million annually. That follows last week's news that it lost various patents for its multiple sclerosis drug Ampyra.
STOCK SYMBOL: ACOR
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Exxon Mobil — Exxon Mobil said it was in talks to buy the refining and petrochemical assets of Singapore's Jurong Aromatics. Exxon also said no agreement has been reached.
STOCK SYMBOL: XOM
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Credit Suisse — The bank's U.S. unit and a former investment adviser agreed with the Securities and Exchange Commission (SEC) to pay about $8 million in fines. The SEC had accused the bank for collecting about $3.2 million in avoidable fees over a five-year period, although neither the bank nor the adviser admit or deny guilt in agreeing to pay the penalties.
STOCK SYMBOL: CS
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Amazon.com — Amazon signed a $50 million deal to stream the National Football League's Thursday night games for this coming season.
STOCK SYMBOL: AMZN
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McDonald's — The company's U.S. marketing chief Deborah Wahl is leaving the restaurant chain, to be replaced by former PepsiCo marketing executive Morgan Flatley. The company has also replaced its U.S. menu chief as well as the head of its U.S. digital unit.
STOCK SYMBOL: MCD
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Syngenta — The agricultural chemical maker's purchase by state-owned ChemChina has been approved by both U.S. and European regulators, subject to the sale of some businesses to avoid anti-competitive situations.
STOCK SYMBOL: SYT
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BHP Billiton — BHP declared force majeure after saying it would be unable to meet its coal export commitments in northeast Australia, which has been crippled by cyclones. It's the fourth mining company to make that declaration, one that is typically put in effect after natural disasters.
STOCK SYMBOL: BHP
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Amgen — The biotech company was downgraded to "hold" from "buy" at Jefferies, which pointed to the scarcity of potential blockbuster products in the pipeline, drug pricing pressure, and other factors.
STOCK SYMBOL: AMGN
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Citigroup, Wells Fargo — Keefe Bruyette & Woods upgraded both bank stocks to "outperform" from "market perform." The firm said the return of capital to shareholders should increase Citi's overall return and put it closer to its peers, while saying uncertainty surrounding the Wells Fargo sales scandal is lessening.
STOCK SYMBOL: C
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STOCK SYMBOL: WFC
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Reynolds American — British American Tobacco received unconditional antitrust approval from Japanese authorities for its planned takeover of Reynolds American. Both parties continue to expect the transaction to close during the third quarter.
STOCK SYMBOL: RAI
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Plug Power — The small cap company, which provides a variety of energy solutions, struck a deal to provide Amazon with fuel cells and hydrogen technology at various fulfillment center locations.
STOCK SYMBOL: PLUG
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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, April the 5th! :)
Submitted April 05, 2017 at 08:43AM by bigbear0083 http://ift.tt/2oI2FQl
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