Good morning traders of the r/StockMarket sub! Happy Thursday to all of you! Here are your stock market movers & news on this Thursday morning-
Frontrunning: August 10th
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Global markets and U.S. stock futures were lower again this morning as concern over North Korea tensions persist. The Dow, S&P 500, and Nasdaq all fell for two straight sessions, the first time that's happened since more than a month. (CNBC)
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Producer price index and jobless claims at 8:30 a.m. ET (CNBC)
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Retail earnings flood in today. Kohl's (KSS) this morning delivered quarterly profit and revenue that beat estimates. Same-store sales were lower but not as much as expected. Macy's (M) also reports before the opening bell. Nordstrom (JWN) issues its results this afternoon. (CNBC)
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Shares of Dillard's (DDS) were plunging in the premarket after the retailer reported a surprise loss. Revenue also missed. The CEO blamed "significant markdowns." (CNBC)
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Blue Apron (APRN), a stock that's tanked since last month's IPO, this morning issued a larger than expected quarterly loss. But revenue was beat forecasts. Another recent IPO that's struggling, Snap (SNAP), reports results after the bell. (CNBC)
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Chicago Bridge & Iron (CBI) was tanking about 20 percent in the premarket after losing $3.02 per share compared to the 83 cent profit analysts were expecting. The infrastructure services provider suspended its dividend and announced its intention to sell its technology business. (CNBC)
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Blackstone-owned Invitation Homes (INVH) has agreed to buyStarwood Waypoint Homes (SFR) in an all-stock deal that would create a $11 billion U.S. single-family rental company. (Reuters)
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OPEC raised its collective oil output for a fourth-straight month in July, another sign that it's struggling to stick to a deal to pump less. OPEC has partnered with nonmembers, including Russia, since January on a production cut. (CNBC)
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North Korea dismissed President Donald Trump's "fire and fury" warnings as a "load of nonsense" and outlined detailed plans to strike near the U.S. Pacific territory of Guam. The planned missile paths would cross some of the world's busiest sea and air traffic routes. (Reuters)
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Pentagon plan for preemptive strike would launch from a Guam base(NBC News)
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U.S. will use 'any appropriate measures' to combat North Korea, says Trump aide (BBC)
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Trump lashed out on Twitter this morning and on Wednesday at the Senate Majority Leader Mitch McConnell, who previously said the president had unrealistic expectations about how quickly legislation could pass. (CNBC)
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Tom Barrack, a real estate investor and close friend of Trump, is in talksto become U.S. ambassador to Mexico. The high-profile post, one of the most important in Trump's orbit, has been the subject of intense talks within the administration. (Politico)
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The two-year-old U.S. diplomatic relationship with Cuba was roiled by what U.S. officials say was a string of bizarre incidents that left a group of American diplomats in Havana with severe hearing loss attributed to a covert sonic device. (AP)
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China has demonstrated a world first by sending potentially unhackable data over long distances using satellites, laying the basis for next generation encryption based on so-called "quantum cryptography." (CNBC)
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Facebook (FB) announced a revamped video offering called Watch, which will debut to a limited group of U.S. users at first. The social network did not disclose specific dates. Watch will offer a wide range of programming, including original content. (CNBC)
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Consumer Reports said it's no longer recommending any Microsoft (MSFT) laptops or tablets. Based on recent surveys, the product ratings firm predicts 25 percent of these gadgets will present problems within two years of ownership. (AP)
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Tesla (TSLA) is close to testing an electric, commercial self-driving truck that can move in "platoons" that automatically follow a lead vehicle. Tesla is getting closer to testing a prototype, according to an email discussion of potential road tests in Nevada. (Reuters)
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
TODAY'S MARKET HEAT MAP:
(CLICK HERE FOR TODAY'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS WEEK'S GLOBAL ECONOMIC & POLICY CALENDAR:
(CLICK HERE FOR THIS WEEK'S GLOBAL ECONOMIC & POLICY CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($NVDA $VRX $SNAP $DIS $JCP $WB $TWLO $PCLN $ON $CVS $SINA $PLUG $M $TSN $NTES $YY $CBI $LITE $MAR $FDC)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($M $YY $KSS $APRN $SCON $CRCM $GOOS $CEE $PRGO $BXE $DIN $BR $CAE $MRAM $ESES $CLSN $TPB $PNK $KNOP)
(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 LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- APRN
- M
- DWT
- KSS
- YY
- CBI
- TVIX
- JCP
- XON
- NTES
- DDS
- GOOS
- PRGO
- DIN
- HDSN
- GLPG
- UVXY
- RTNT
- GTX
- BB.CA
- EAT
- IAG
- JWN
- AG
- PTLA
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Kohl's – The retailer reported quarterly profit of $1.24 per share, five cents a share above estimates. Revenue also exceeded forecasts and the retailer saw a drop of four-tenths of a percent in comparable-store sales, but that was smaller than the 1.5 percent decline that analysts had expected.
STOCK SYMBOL: KSS
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Blue Apron – The meal kit company reported a quarterly loss of 47 cents per share in its first quarterly report as a public company, wider than the 30-cent loss anticipated by analysts. Revenue did exceed forecasts, however, and Blue Apron registered customer growth of 23 percent over a year earlier.
STOCK SYMBOL: APRN
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Canada Goose – The luxury apparel maker reported a smaller-than-expected loss and had greater-than-expected revenue for its fiscal first quarter, as it sold more merchandise across its various sales platforms.
STOCK SYMBOL: GOOS
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Perrigo – The maker of store-branded drugs earned an adjusted $1.22 per share for its third quarter, beating consensus estimates of $1.10 a share. Revenue was also above forecasts and the company forecast full-year earnings above Street projections.
STOCK SYMBOL: PRGO
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Brinker International – The parent of Chili's and other restaurant brands earned an adjusted $1.09 for its latest quarter, five cents a share above estimates. Revenue also exceeded forecasts. Same-restaurant sales dropped 1.8 percent, but that was slightly smaller than the expected 1.9 percent drop. Brinker also raised its quarterly dividend to 38 cents per share from 34 cents.
STOCK SYMBOL: EAT
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Delta Air Lines – Barclays began coverage on the airline with an "overweight" rating, saying Delta was driven by a culture of respect for customers and employees and that this has turned it into a large, safe, and profitable airline.
STOCK SYMBOL: DAL
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21st Century Fox – Fox beat estimates by one cent a share, with adjusted quarterly earnings of 36 cents per share. The media company's revenue fell slightly short of forecasts on a slide in movie-related revenue. Fox's cable division revenue rose 10.4 percent.
STOCK SYMBOL: FOXA
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Jack In The Box – The company fell six cents a share short of consensus estimates, with adjusted quarterly profit of 99 cents per share. The restaurant chain's revenue missed estimates, as well. Comparable sales for Jack In The Box restaurants rose 0.1 percent compared to forecasts of a 0.2 percent drop.
STOCK SYMBOL: JACK
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E.L.F. Beauty – E.L.F. earned an adjusted 12 cents per share for the second quarter, nine cents a share above estimates. The beauty products maker saw revenue exceed forecasts, as well. The company also reaffirmed its prior 2017 outlook.
STOCK SYMBOL: ELF
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Live Nation Entertainment – Live Nation came in 10 cents a share ahead of Street forecasts, reporting quarterly profit of 29 cents per share. The entertainment event promoter's revenue also beat estimates, and Live Nation said concert ticket sales were up 22 percent through the end of July compared to the same period a year ago.
STOCK SYMBOL: LYV
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Planet Fitness – Planet Fitness reported adjusted quarterly profit of 22 cents per share, three cents a share above estimates. The fitness chain also saw revenue beat forecasts. The company raised its full-year outlook, as well, and said it expects to see same-location sales up 8 to 9 percent for 2017.
STOCK SYMBOL: PLNT
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Chicago Bridge & Iron – The company lost $3.02 per share for its latest quarter, a far worse result than the 83 cents per share profit analysts had been expecting. The provider of infrastructure and technology services for the energy industry also suspended its dividend and announced its intention to sell its technology business. Chicago Bridge called the quarter's results disappointing but said it was taking decisive steps to strengthen its operating performance and financial position.
STOCK SYMBOL: CBI
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Microsoft – Microsoft's dispute with cybersecurity firm Kaspersky was resolved, with Kaspersky withdrawing antitrust complaints it had made against the software giant in Europe. Microsoft agreed to change its method of delivering security updates to Windows users, and the two also announced a resolution of Kaspersky's allegation that Microsoft had made it excessively difficult for non-Microsoft security software to be installed in Windows 10.
STOCK SYMBOL: MSFT
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Facebook – Facebook announced a revamped video offering called "Watch," which will debut to a limited group of U.S. users at first. "Watch" will offer a wide range of programming, including original content.
STOCK SYMBOL: FB
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Valeant Pharmaceuticals - Hedge fund manager John Paulson cut his fund's stake in the Canadian drugmaker to 6 percent from 6.3 percent, but Paulson did say he is still fully supportive of Valeant's leadership.
STOCK SYMBOL: VRX
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Tesla – The automaker is close to testing an electric, commercial self-driving truck that can move in "platoons" with other similar vehicles, according to a Reuters report.
STOCK SYMBOL: TSLA
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Vantiv – The credit card processor was upgraded to "buy" from "hold" at Stifel Nicolaus, on optimism surrounding the company's deal to buy British payment processing firm Worldpay. Stifel also raised its price target on the stock to $85 per share from $63.
STOCK SYMBOL: VNTV
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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 a great trading day ahead here on this Thursday, August the 10th! :)
Submitted August 10, 2017 at 10:14AM by bigbear0083 http://ift.tt/2hOeMfD
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