Good morning traders of the r/StockMarket sub! Happy Friday to all! The long Memorial Day weekend is almost upon us! :D Here are your stock market movers & news on this Friday morning-
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Frontrunning: May 26
- Trump's first G7 expected to be 'challenging' (Reuters); Trump Saves Worst for Last on Foreign Trip (BBG)
- Trump Blasts German Carmakers' U.S. Sales and Threatens Barriers (BBG)
- Trump directly scolds NATO allies, says they owe 'massive' sums (Reuters)
- Trump Likely to Maintain Obama’s Russia Sanctions (WSJ)
- Juncker says Trump was not aggressive on German trade surplus (Reuters)
- Republican wins Montana special election despite assault charge (Reuters)
- China Considers Changing Yuan Fixing Formula to Curb Swings (BBG)
- China Exerts More Control Over Its Currency With Tweak to Yuan Fix (WSJ)
- China's teapot refiners set to slow crude imports as tanks overflow (Reuters)
- China's reforms not enough to arrest mounting debt: Moody's (Reuters)
- China central bank denies reports it told banks to deposit dollars (Reuters)
- Chinese foreign minister urges Seoul to resume talks with North Korea (Reuters)
- Amazon’s Brush With $1,000 Signals the Death of the Stock Split (WSJ)
- Waiting for 'The Big One' to Shake San Francisco (BBG)
- Philippine president urges IS-linked rebels to halt siege, start talks (Reuters)
- Why All CEOs Need to Be Tech CEOs (WSJ)
- Tesla’s Model X Is Missing the American SUV Craze (BBG)
- Major UK parties restart election push, under shadow of security threat (Reuters)
- Indonesia makes arrests as Islamic State claims Jakarta attacks (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 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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(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #5!)
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- JNUG
- NTNX
- GME
- COST
- DECK
- ULTA
- MRVL
- JDST
- BIG
- VEEV
- SPLK
- ZOES
- WMS
- GEO
- EGHT
- DXC
- AFSI
- ASUR
- CVRR
- SND
- ADI
- MESO
- BRCD
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Big Lots – The discount retailer earned $1.15 per share for the first quarter, beating the 99 cent consensus estimate. However, revenue was below forecasts, and comparable store sales posted an unexpected drop. Despite that, Big Lots forecast a second-quarter profit range largely above consensus, and raised its full-year earnings forecast.
STOCK SYMBOL: BIG
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Costco – The warehouse retailer reported adjusted quarterly profit of $1.40 per share, 9 cents above estimates, while revenue also came in above forecasts. Costco saw strong US sales during the quarter, along with higher membership fees. Comparable store sales rose a better than expected five percent.
STOCK SYMBOL: COST
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Lions Gate – Lions Gate beat estimates by 2 cents with quarterly earnings of 28 cents per share, and the movie studio's revenue also beat Street forecasts. The company's results were helped by a strong performance at the box office for movies such as "La La Land", and Lions Gate also benefited from new revenue from the addition of cable channel Starz.
STOCK SYMBOL: LFG.A
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GameStop – GameStop came in 12 cents above estimates, reporting adjusted quarterly profit of 63 cents per share, and the video game retailer also reported better than expected revenue. Comparable store sales were up 2.3 percent, helped in large part by the popularity of the new Nintendo Switch game console.
STOCK SYMBOL: GME
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Norwegian Cruise Line – The cruise line operator's stock was upgraded to "outperform" from "neutral" at Wedbush Securities. Wedbush points to upbeat industry fundamentals combined with Norwegian trading at an "anemic" multiple.
STOCK SYMBOL: NCLH
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Kate Spade – Coach officially launched its tender offer for Kate Spade for $18.50 per share in cash. The deal between the two was announced earlier this month.
STOCK SYMBOL: KATE
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Ulta Beauty – Ulta reported quarterly profit of $2.05 per share, well above the consensus estimate of $1.80, and the beauty products retailer also reported revenue that was above analyst expectations. Ulta did give current-quarter earnings guidance that falls largely below forecasts, however.
STOCK SYMBOL: ULTA
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Nutanix – Nutanix lost 42 cents per share for its latest quarter, 3 cents less than expected, while the enterprise technology company saw revenue beat forecasts. The company also gave an upbeat revenue forecast for the current quarter, as it strikes more large deals.
STOCK SYMBOL: NTNX
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Deckers Outdoor – The footwear company posted an unexpected profit of 11 cents per share, compared to the consensus estimate of a 6 cent loss. The maker of Ugg boots reported better than expected revenue for the quarter as well, and gave strong full-year guidance.
STOCK SYMBOL: DECK
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Marvell Technology – Marvell beat estimates by 3 cents with quarterly profit of 24 cents per share, with revenue beat forecasts as well. The networking and storage company was helped stronger industry trends as well as expanding profit margins.
STOCK SYMBOL: MRVL
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Splunk – Splunk lost 1 cent per share for its latest quarter, smaller than the 4 cent loss expected by Wall Street, and revenue also beat forecasts. However, provider of "big data" software is seeing its shares come under pressure, in part because of concerns about its profit margins.
STOCK SYMBOL: SPLK
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United Parcel Service – UPS was ordered to pay nearly $247 million in fines, after a court ruled it had illegally shipped large amounts of untaxed cigarettes in New York City and New York State. UPS called the ruling disappointing and said it would appeal.
STOCK SYMBOL: UPS
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LendingClub – The company, along with former CEO Renaud Laplanche, will have to face a shareholder lawsuit after a federal judge rejected a bid by both parties to dismiss the litigation. Both the online lender and Laplanche are accused of concealing material weaknesses in the company's financial situation.
STOCK SYMBOL: LC
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Web.com – Web.com is in talks with buyout firms, according to a Reuters report. Sources say the domain name registration company is in early stage discussions with private equity firms.
STOCK SYMBOL: WEB
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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 Friday, May the 26th! :)
Submitted May 26, 2017 at 08:23AM by bigbear0083 http://ift.tt/2qjgZDw
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