Wednesday, August 30, 2017

8/30 Wednesday Stock Market Movers & News

Good morning traders of the r/StockMarket sub! Happy Wednesday to all of you! Here are your stock market movers & news on this Wednesday morning-

Frontrunning: August 30

  • Harvey Forces Thousands to Seek Shelter (WSJ)
  • Damage From Harvey Rising by the Hour Amid ‘Apocalyptic’ Flooding (BBG)
  • Houston’s Economic Heft Gives City Means to Recover From Harvey (WSJ)
  • Why Trump Didn’t Tweet About Latest North Korea Missile Launch (BBG)
  • Stocks Rebound as Korean Fears Abate; Gold Steady: Markets Wrap (BBG)
  • Value of Trump's brand up in Middle East, his Gulf partner says (Reuters)
  • From Stocks to Bonds, the Bear-Market Signals Are Multiplying (BBG)
  • Trump hits road to tout tax reform as helping workers (Reuters)
  • Trump Pitches Business Tax Cut to Middle Class (WSJ)
  • Trump’s Tax Pitch Will Be Populist, But Bill May Benefit Elites (BBG)
  • Message from North Korean missile over Japan 'loud and clear': Trump (Reuters)
  • Businesses Struggle With Flawed Insurance as Floods Multiply (WSJ)
  • White House downplays Charlottesville comments from Tillerson, Cohn (Reuters)
  • 21st Century Fox Pulls Plug on Fox News in the U.K. (WSJ)
  • This Freshman GOP Senator Could Defy Wall Street (BBG)
  • White House Won’t Require Firms to Report Pay by Gender, Race (WSJ)
  • Dollar Rebound Threatens Euro's Jackson Hole Breakout Level (BBG)
  • Abbott Releases New Software Updates for Pacemakers (WSJ)
  • Apple App Store to Let Chinese Customers Pay Using WeChat Pay (WSJ)

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'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 ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S IPO'S:

NONE.

THIS WEEK'S EARNINGS CALENDAR:

($BBY $NTNX $ADI $PANW $LULU $CIEN $DG $CTRP $BOX $MBT $AMBA $SXI $WDAY $TD $CTLT $BNED $BNS $HRB $CPB)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($ADI $BNED $HRB $OLLI $DY $BOBE $VRA $CHS $FRO $SCSC $GSM $CAL $NCS $SFL $GLNG $GMLP $BF.B $AVAL)

(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!)

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!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #5!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #6!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #7!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • MDCO
  • JDST
  • UTX
  • OTIC
  • FSLR
  • EW
  • BBY
  • DY
  • ARCX
  • LOGM
  • JKS
  • JUNO
  • OLLI
  • ADI
  • SLV
  • DUST
  • LRCX
  • ASMB
  • HRB
  • LULU
  • MA
  • EA
  • FRO
  • BA
  • PYPL

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

H&R Block — The tax preparation firm lost 62 cents per share for its latest quarter. That matched forecasts, with revenue above consensus. H&R Block typically reports losses in quarters outside of its seasonal tax business.

STOCK SYMBOL: HRB

(CLICK HERE FOR LIVE STOCK QUOTE!)

Bank of America – The bank now has Berkshire Hathaway as its biggest shareholder, after Berkshire exercised warrants to buy 700 million shares. The warrants — part of a 2011 investment deal with the bank allowed Berkshire to buy the stock for $7.14 per share, compared to the Tuesday close of $23.46.

STOCK SYMBOL: BAC

(CLICK HERE FOR LIVE STOCK QUOTE!)

AutoNation – AutoNation announced the addition of $250 million to the auto retailer's share buyback program.

STOCK SYMBOL: AN

(CLICK HERE FOR LIVE STOCK QUOTE!)

Toyota – The automaker's investment arm, known as Toyota Tsusho, invested an undisclosed sum in ride-hailing service Grab as part of that company's $2.5 billion financing round. Japan's SoftBank and China ride-hailing company Did Chuxing also invested in Grab.

STOCK SYMBOL: TM

(CLICK HERE FOR LIVE STOCK QUOTE!)

Alphabet – Alphabet's Google unit is unveiling new augmented reality app tools today for mobile devices that use its Android operating system.

STOCK SYMBOL: GOOGL

(CLICK HERE FOR LIVE STOCK QUOTE!)

Amazon — Whole Foods still has relatively high prices despite selective price cuts following Amazon's takeover, according to an analysis published by Gordon Haskett Research Advisors analyst Charles Grom. Separately, Amazon and Microsoft announced a collaboration which will allow their digital assistants — Alexa and Cortana — to communicate with each other.

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)

Goldman Sachs – Goldman plans to detail a turnaround strategy for its bond-trading unit next month, according to a Reuters report.

STOCK SYMBOL: GS

(CLICK HERE FOR LIVE STOCK QUOTE!)

Target – Target is planning to scale back its use of Amazon Web Services as it tries to cut back on spending at its chief retail rival, according to sources. Microsoft is among those competing to provide web services to Target, sources say.

STOCK SYMBOL: TGT

(CLICK HERE FOR LIVE STOCK QUOTE!)

Apple – Apple CEO Tim Cook collected $89.6 million in incentives this week, according to a Securities and Exchange Commission filing, part of the 10-year deal he signed when he took over as CEO from the late Steve Jobs in 2011.

STOCK SYMBOL: AAPL

(CLICK HERE FOR LIVE STOCK QUOTE!)

Ollie's Bargain Outlet – The discount retailer beat estimates on the top and bottom lines and saw same-store sales rise by 4.5 percent during the second quarter. The company also raised its comparable sales and earnings estimates for the full year.

STOCK SYMBOL: OLLI

(CLICK HERE FOR LIVE STOCK QUOTE!)

Western Digital – Japan's Sankei newspaper reports that Western Digital and its partners will finalize their deal to buy Toshiba's chip unit Thursday. However, Japan's NHK is now reporting that a consortium led by private equity firm Bain has stepped in with a last minute bid for the unit.

STOCK SYMBOL: WDC

(CLICK HERE FOR LIVE STOCK QUOTE!)

Bob Evans Farms – The food distributor matched Street forecasts with adjusted quarterly profit of 37 cents per share, while sales exceeded forecasts on strength in refrigerated side dishes and sausages. Bob Evans also raised its full-year sales forecast.

STOCK SYMBOL: BOBE

(CLICK HERE FOR LIVE STOCK QUOTE!)

Chico's FAS – The apparel retailer fell two cents a share short of estimates, with quarterly profit of 18 cents per share. Revenue matched estimates. Comparable sales were down 8.4 percent, more than the consensus estimate of a 7.7 percent drop.

STOCK SYMBOL: CHS

(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 a great trading day ahead here on this Wednesday, August the 30th! :)



Submitted August 30, 2017 at 08:46AM by bigbear0083 http://ift.tt/2gpTSTx
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