Good morning traders of the r/StockMarket sub! Happy Thursday to ya! Here are your stock market movers & news on this Thursday morning-
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Frontrunning: April 6
- Senate Set to Vote to Eliminate Supreme Court Filibuster (WSJ)
- Trump’s Xi Summit Tests Promises on Trade, North Korea (BBG)
- Is North Korea putting a nuclear-tipped bargaining chip on the table? (Reuters)
- Why Xi Jinping Must Tread Carefully When He Meets Trump (BBG)
- China Market Access in Spotlight as Meeting Nears (BBG)
- Trump Rethinks Foreign Policy After Syria, North Korea Crises (WSJ)
- Congress Waits for Trump Tax Overhaul as Questions Pile Up (BBG)
- Elizabeth Holmes Owes Theranos $25 Million (WSJ)
- A Quant ‘Alpha Factory’ Hunts for Investing Edge (WSJ)
- Draghi Draws Line Under ECB Rate Debate and Warns on Prices (BBG)
- Traders Bet the Fed Will Slow Rate Hikes to Shrink Balance Sheet (BBG)
- Assad tells paper he sees no 'option except victory' in Syria (Reuters)
- Syria Deaths Linked to Chemical Weapons, Autopsies Show (WSJ)
- Cohn Backs Wall Street Split of Lending, Investment Banks (BBG)
- Bezos is selling $1 billion of Amazon stock a year to fund rocket venture (Reuters)
- Spotify Finally Readies an IPO...That’s Not an IPO (WSJ)
- Kraft's Failed Bid Jolts Unilever Chief Into Protective Revamp (BBG)
- Amazon to Add 30,000 Part-Time U.S. Jobs (WSJ)
- Deutsche Bank not thinking about mergers, has other things to do: CEO (Reuters)
- The New Sears Home Is an Affordable Apartment (BBG)
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:
- AMD
- GS
- BBBY
- KMX
- STZ
- FRED
- FIT
- CAFD
- JAZZ
- NTNX
- RVLT
- RPM
- TASR
- OCUL
- LB
- AAPL
- TDOC
- COST
- RDS.A
- AMTD
- SPY
- SCHW
- PANW
- MDT
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Bed Bath & Beyond — The housewares retailer beat estimates by seven cents a share, with quarterly profit of $1.84 per share. Revenue was very slightly above estimates, but the company did give weaker-than-expected guidance for the full year. Separately, Bed Bath & Beyond raised its quarterly dividend to 15 cents per share from 13 cents.
STOCK SYMBOL: BBBY
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Yum China — The company reported quarterly profit of 44 cents per share, six cents a share above estimates. The restaurant chain's revenue was essentially in line with forecasts. Investors were especially encouraged by an unexpected one percent increase in same-restaurant sales, with analysts having anticipated a drop. Yum China is the China-based spin-off of Yum Brands, and is the parent of Pizza Hut, KFC, and Taco Bell restaurants in that country.
STOCK SYMBOL: YUMC
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Costco — Costco reported a better-than-expected 6 percent increase in U.S. same-store sales. Analysts had anticipated a 4.2 percent rise for the warehouse retailer, according to estimates compiled by StreetAccount.
STOCK SYMBOL: COST
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Schneider National — The trucking company priced its initial public offering (IPO) at $19 per share, in the middle of the projecting range, valuing the company at $3.3 billion. It's the first trucking company IPO in the U.S. since 2010, according to Dealogic. Schneider will begin trading this morning on the New York Stock Exchange.
STOCK SYMBOL: SNDR
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MGM Holdings — MGM will buy the 81 percent of the Epix cable channel that it doesn't already own from partners Viacom and Lions Gate for about $1 billion. Viacom owns half of the channel, while Lions Gate has a 31.2 percent stake.
STOCK SYMBOL: MGMB
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Jazz Pharmaceuticals — Jazz struck a patent settlement with Britain's Hikma Pharmaceuticals related to the narcolepsy drug Xyrem. As part of the settlement, Jazz granted Hikma the right to sell a generic version of Xyrem in the U.S. market.
STOCK SYMBOL: JAZZ
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Cardinal Health — The drug distributor is near a deal to buy Medtronic's medical supplies business, according to a Reuters report. Cardinal would reportedly pay nearly $6 billion for the unit, and the report said a deal could be announced later this month.
STOCK SYMBOL: CAH
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Unilever — The Anglo-Dutch consumer products giant has promised a sizable cash return program for shareholders, following its rebuff of a takeover bid from Kraft Heinz. It is also setting a goal of 20 percent profit margins by 2020, compared to 15.3 percent in 2016.
STOCK SYMBOL: UL
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Sunoco — Sunoco is selling convenience stores and gas stations to Japan-based Seven & I Holdings, the parent of the 7-Eleven convenience store chain. Seven & I will pay about $3.3 billion, as it boosts its U.S. operations by acquiring about 1,100 locations.
STOCK SYMBOL: SUN
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Twitter — Twitter unveiled a faster version of its mobile service, designed to work better and use less data for those with weaker mobile connections of smaller data plans. "Twitter Lite" would work with a web browser rather than as a standalone app, and Is aimed mostly at non-U.S. users.
STOCK SYMBOL: TWTR
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Apple — Apple is being sued by Australian regulators, who accuse the company of "bricking" iPhones whose cracked screens were fixed by non-Apple repair shops. The Australian Competition and Consumer Commission said Apple disabled those phones through a software update. Apple has not yet commented on the report.
STOCK SYMBOL: AAPL
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Amazon.com — Amazon founder Jeff Bezos is selling about $1 billion in the online retailer's stock each year to provide funds for his Blue Origin rocket company. Bezos said his goal is to make Blue Origin a profitable enterprise.
STOCK SYMBOL: AMZN
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BlackRock — BlackRock said Cisco Systems CEO Chuck Robbins has been nominated to serve on its board. The asset manager said Robbins would join the board as an independent director if elected at the annual shareholder meeting on May 25.
STOCK SYMBOL: BLK
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Allergan — Allergan said it will move ahead with its testing of its Botox product as a treatment for depression. The drugmaker said Botox – best known as a treatment for wrinkles – did barely miss achieving a significant improvement in a study, but that the data was encouraging enough to move ahead and begin a larger study.
STOCK SYMBOL: AGN
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T-Mobile US — T-Mobile was downgraded to "hold" from "buy" at Deutsche Bank, which said positive catalysts for the mobile operator's shares are already priced into the stock.
STOCK SYMBOL: TMUS
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Rent-A-Center — Janney Montgomery Scott initiated coverage of the rent-to-own company with a "buy" rating. Janney does say that the company has a "multitude" of problems, but thinks the stock is a good value following a 75 percent decline, with Mark Speese returning as CEO.
STOCK SYMBOL: RCII
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Cedar Fair — Goldman Sachs initiated coverage on the amusement park operator with a "buy" rating, while calling rival SeaWorld a "sell." Goldman said Cedar Fair has multiple growth drivers that are not reflected in current consensus estimates.
STOCK SYMBOL: FUN
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NetApp — JMP Securities upgraded the chip maker to "market perform" from "market underperform," saying the move toward all-flash memory devices will continue to drive sales growth.
STOCK SYMBOL: NTAP
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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 Thursday, April the 6th! :)
Submitted April 06, 2017 at 09:03AM by bigbear0083 http://ift.tt/2o1nRAX
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