Good morning traders of the r/StockMarket sub! Happy Wednesday to all of you. Here are your stock movers & news on this Wednesday morning-
Frontrunning: August 2
- Trump close to decision on addressing Chinese trade practices (Reuters); White House Weighs Trade Measures Against China (WSJ)
- Republicans Pivot to Tax Cuts Amid Frustration at Lack of Detail (BBG)
- Russian losses in Syria jump in 2017, estimates show (Reuters)
- Market Paradox: Firms Get Punished for Posting Earnings (WSJ)
- OPEC’s ‘Catch-22’: How to Unwind Its Deal to Cut Oil Output (WSJ)
- Trump’s CEO Brain Trust Hasn’t Done Much (BBG)
- How the World’s Biggest Buyout Deal Crashed and Burned (BBG)
- Some Insurers Seek ACA Premium Increases of 30% and Higher (WSJ)
- Investor Einhorn sees cash burn at Tesla, sticks with short bet (Reuters)
- Peltz and P&G Expect to Spend $60 Million on Record Proxy Fight (BBG)
- Theranos Low on Cash After Settlement With Walgreens (WSJ)
- EU says mulling 'whole range of actions' on Venezuela (Reuters)
- Car Makers Report Steep Sales Fall (WSJ)
- Turkey opens trial of nearly 500 defendants over failed coup (Reuters)
- Renting in Toronto Is a Total Nightmare (BBG)
- Switzerland’s First-World Problem: What to Do With $750 Billion (WSJ)
- Go West, U.S. VP Pence tells Western Balkans (Reuters)
- Tanzania’s Tougher Mining Laws Rattle Companies (WSJ)
- Temer on the Line as Congress Considers Putting Him on Trial (BBG)
- Virtu to Sell Electronic Bond Trading Platform (WSJ)
STOCK FUTURES NOW:
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THIS WEEK'S MARKET HEAT MAP:
(CLICK HERE FOR THIS WEEK'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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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 LINK #1!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #3!)
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!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #4!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #5!)
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:
- AAPL
- MDLZ
- AMC
- FEYE
- TWX
- SODA
- HUM
- SPWR
- PMC
- GRMN
- CRTO
- AN
- ILMN
- ULTI
- RIO
- JEC
- TAP
- CAH
- NVMI
- PZZA
- QSR
- RMD
- ENDP
- RDC
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Mondelez – CEO Irene Rosenfeld is stepping down from that job in November, to be succeeded by McCain Foods CEO Dirk Van de Put. Rosenfeld will remain as chair until March 31, 2018. Separately, Mondelez reported quarterly profit of 48 cents per share, beating estimates by three cents a share.
STOCK SYMBOL: MDLZ
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Apple – Apple posted quarterly profit of $1.67 per share, ten cents a share above estimates. Revenue also topped consensus forecasts. It also gave a current-quarter revenue outlook above current Street estimates, helping to send shares to an all-time high in after-hours trading.
STOCK SYMBOL: AAPL
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Wal-Mart – Oppenheimer initiated coverage on the retailer with an "outperform" rating, saying the company is well-positioned for sales growth and profit recovery.
STOCK SYMBOL: WMT
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Cardinal Health – The pharmaceutical distributor reported adjusted quarterly profit of $1.31 per share, beating estimates by seven cents a share. Revenue also beat forecasts. The company noted a "dynamic" period in the health-care industry which presented challenges, but said it took important steps to strengthen its market position.
STOCK SYMBOL: CAH
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Garmin – The GPS device maker came in seven cents a share above estimates, with adjusted quarterly profit of 88 cents per share. Revenue also exceeded forecasts. Garmin saw strength in its fitness products, which more than offset weakness in automotive navigation offerings.
STOCK SYMBOL: GRMN
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AutoNation – The car retailer reported earnings of 86 cents per share for its latest quarter, 11 cents a share below estimates. Revenue also missed forecasts amid overall slumping auto sales.
STOCK SYMBOL: AN
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FireEye – FireEye reported an adjusted quarterly loss of four cents per share, smaller than the 12 cents a share predicted by Wall Street analysts. The cybersecurity company saw its revenue beat forecasts, and it also raised its full-year earnings and revenue guidance as its shift to a subscription model gains momentum.
STOCK SYMBOL: FEYE
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Verizon — Verizon struck a deal to buy WideOpenWest for $225 million. WideOpenWest is a fiber cable company in the Chicago area whose wiring provides mobile and internet services.
STOCK SYMBOL: VZ
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Generac – The maker of power generators for homes and businesses earned an adjusted 69 cents per share for its latest quarter, five cents a share above estimates. Revenue beat forecasts, as well. Generac said shipments of home standby generators were particularly strong during the quarter.
STOCK SYMBOL: GNRC
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Humana – The health insurer earned an adjusted $3.49 per share for its latest quarter, beating consensus forecasts of $3.08 a share. It also raised its full-year forecast to an adjusted $11.50 per share, compared to the consensus forecast of $11.15, as its Medicare Advantage plans perform well.
STOCK SYMBOL: HUM
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Illumina – Illumina came in 13 cents a share above estimates, with adjusted quarterly profit of 82 cents per share. Revenue for the DNA sequencing company also came in above forecasts. Illumina increased its full year forecast, as well, based in part on increased interest in its NovaSeq sequencing technology platform.
STOCK SYMBOL: ILMN
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Costco – Costco announced the death of its co-founder and chairman Jeff Brotman. Brotman and former CEO Jim Sinegal had started the warehouse retailer in 1983.
STOCK SYMBOL: COST
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AMC Entertainment – AMC forecast a second quarter loss of $1.34 to $1.36 per share, much larger than the consensus forecast of a three cents per share loss. The movie theater chain is expecting revenue of about $1.2 billion compared to estimates of $1.246 billion in what the company is now calling a "very challenging" quarter. It is planning various changes in pricing and staffing to improve results.
STOCK SYMBOL: AMC
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Rio Tinto – Rio Tinto reported its first-half profits more than doubled, and the mining company accompanied the announcement with a record dividend and an additional $1 billion stock buyback.
STOCK SYMBOL: RIO
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Anthem – Anthem is cutting its Obamacare coverage in 16 of the 19 California regions where it offered plans this year. The health insurer cited uncertainty over whether the Trump administration would continue paying Affordable Care Act subsidies.
STOCK SYMBOL: ANTM
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Jacobs Engineering — Jacobs struck a deal to buy Colorado-based engineering services firm CH2M for $2.85 billion in cash and stock. The transaction will help Jacobs garner more infrastructure and government-related business.
STOCK SYMBOL: JEC
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Herbalife – Herbalife raised its earnings outlook for the year, but lowered the midpoints of its revenue outlook. The nutritional products company reported adjusted second quarter profit of $1.51 per share, beating the $1.12 consensus estimate, though revenue came in below forecasts.
STOCK SYMBOL: HLF
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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 an excellent trading day ahead here on this Wednesday, August the 2nd! :)
Submitted August 02, 2017 at 09:51AM by bigbear0083 http://ift.tt/2wlMvz8
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