Good morning traders of the r/StockMarket sub! Happy Monday to y'alls! Here are your market movers & news on this final trading day of July-
Frontrunning: July 31
- HSBC, miners lift European shares as dollar holds near lows (Reuters)
- Republicans Face Tough Choice: Repeal Obamacare or Cut Taxes (BBG)
- Trump’s Decisions Deepen Divide Among Republicans (WSJ)
- Koch Brothers Move to Back White House’s Tax-Cut Plan (BBG)
- Maduro Waits for U.S. Response After Violent Venezuela Vote (BBG)
- OPEC Has a Crippling Problem: Its Members Can’t Stop Pumping (WSJ)
- Catalan Separatist Chief Is Ready to Go to Jail (BBG)
- Saudi Arabia says that calls for internationalization of holy sites 'a declaration of war' (Reuters)
- China Asks Waldorf Owner Anbang to Sell Assets Abroad, Sources Say (BBG)
- China's overall debt levels still high, central bank official says (Reuters)
- China Bond Buyers Quiz Taxi Drivers to See If Credit Good (BBG)
- How China’s biggest bank got ensnared in a money laundering probe (Reuters)
- Real estate booms in China's small cities, but construction outpaces demand (Reuters)
- One of China's 'most-wanted' fugitives returns after 19 years in U.S. (Reuters)
- South Africa's stock market defies recession, scales record highs (Reuters)
- Discovery Communications Agrees to Buy Scripps Networks (WSJ)
- SoftBank Is Said to Plan Making Direct Offer for Charter (BBG)
- Charter Says It Isn’t Interested in Acquiring Sprint (WSJ)
- Shell plans 400 job cuts at Dutch projects and technology department (Reuters)
- The Bust Never Ended for Wall Street’s Most Crisis-Scarred Banks (BBG)
- Hot and cold: Euro zone grows but inflation slows (Reuters)
- Supermarkets Face a Growing Problem: Too Much Space (WSJ)
- Japan's biggest bank eyes Amsterdam as post-Brexit EU base (FT)
- Alphabet Wants to Fix Renewable Energy’s Storage Problem — With Salt (BBG)
- Late Credit-Card Payments Stoke Fears for Banks (WSJ)
- iPhone’s Toughest Rival in China Is the WeChat app (WSJ)
- Top French court orders government to provide water to Calais migrants (Reuters)
- Private Equity Takes Fire as Some Retailers Struggle (WSJ)
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
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 IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
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:
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
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:
- DVAX
- GPRO
- FEYE
- NRZ
- MO
- ICPT
- SNI
- UGAZ
- DISCA
- DGAZ
- CLVS
- CHTR
- CVA
- HTZ
- DO
- LSTR
- SOHU
- ROP
- S
- HSBC
- OIS
- SNAP
- AMG
- DAN
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Scripps Networks – The cable network operator agreed to be bought by Discovery Communications for $14.6 billion in cash and stock, or $90 per share. That compares to a Friday close for Scripps of $86.91, but it had been trading around $67 earlier in the month when word first surfaced that was considering a sale.
STOCK SYMBOL: SNI
(CLICK HERE FOR LIVE STOCK QUOTE!)
Boeing — The hottest stock in the Dow Jones industrial average has risen for six consecutive sessions and gained nearly 15 percent over that time and adding more than 212 points to the Dow all by itself. Boeing has more positive news this morning, issuing a record forecast of aircraft orders from India. Boeing expects airlines in that country to order up to 2,100 new aircraft worth $290 billion over the next 20 years.
STOCK SYMBOL: BA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Facebook – Facebook was downgraded to "sell" from "hold" at Pivotal Research, which said the social media giant has "unaccounted risks to growth."
STOCK SYMBOL: FB
(CLICK HERE FOR LIVE STOCK QUOTE!)
LabCorp – The medical lab operator is buying contract research organization Chiltern for $1.2 billion in cash. LabCorp expects the deal to be accretive to earnings in the first year.
STOCK SYMBOL: LH
(CLICK HERE FOR LIVE STOCK QUOTE!)
Coach – Jefferies downgraded the handbag and accessories maker to "hold" from "buy," saying the positives it detailed its prior "buy" rating are now incorporated into the stock's price. Those included the power of the brand name, the acquisition of Kate Spade, and an effectively executed turnaround.
STOCK SYMBOL: COH
(CLICK HERE FOR LIVE STOCK QUOTE!)
GoPro – The high definition camera maker's stock was upgraded to "equal-weight" from "underweight" at Morgan Stanley, which said the stock now reflects current challenges. The firm points to software improvements as a key positive driver for GoPro's offerings.
STOCK SYMBOL: GPRO
(CLICK HERE FOR LIVE STOCK QUOTE!)
Sanofi – Sanofi raised its full-year profit forecast, on strong growth in its vaccines and consumer health care businesses, among others. Profit and sales for its latest quarter for the drugmaker were in line with analysts' forecasts.
STOCK SYMBOL: SNY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Sprint – Sprint's future ownership remains the topic of rampant speculation, with Charter Communications issuing a statement over the weekend saying it was not interested in acquiring the wireless carrier. Sprint's majority owner, Softbank, is mulling various plans for Sprint, and reports say an acquisition of Charter could be part of that strategy. Bloomberg is reporting that Softbank is planning a direct offer for Charter this week.
STOCK SYMBOL: S
(CLICK HERE FOR LIVE STOCK QUOTE!)
HSBC – HSBC reported a five percent jump in quarterly profits, and Europe's largest bank also announced its third share buyback in the past year.
STOCK SYMBOL: HSBC
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Apple – Apple is removing VPN (virtual private network) services from its Chinese app store, after China passed laws that ban all VPNs that are not approved by state regulators.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla – The automaker handed over the first 30 Model 3 electric cars to buyers on Friday, as the company mulls how to fill the more than half-million orders for the car.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Wells Fargo – The bank has cut 69 executive jobs at its retail unit as part of a restructuring in that division.
STOCK SYMBOL: WFC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Ford – Ford said it would pay to repair police department versions of its Ford Explorer SUVs. Regulators are investigating possible carbon monoxide leak issues in 1.33 million Explorers.
STOCK SYMBOL: F
(CLICK HERE FOR LIVE STOCK QUOTE!)
Medtronic – The medical device maker completed the sale of part of its Patient Monitoring & Recovery division to pharmaceutical distributor Cardinal Health in a $6.1 billion cash deal. The transaction was originally announced in April.
STOCK SYMBOL: MDT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Western Digital – The hard disk drive maker and Toshiba struck a partial settlement of its dispute over Toshiba's planned sale of its semiconductor division. Toshiba agreed to provide notice before it concludes any deal.
STOCK SYMBOL: WDC
(CLICK HERE FOR LIVE STOCK QUOTE!)
FULL 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.
DISCUSS!
What is on everyone's radar for today's trading day ahead here at r/StockMarket?
I hope you all have an awesomel trading day ahead here on this Monday, July the 31st! :)
Submitted July 31, 2017 at 09:21AM by bigbear0083 http://ift.tt/2vlqynm
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