Good morning traders of the r/StockMarket sub! Happy Wednesday to y'alls! Here are your stock market movers & news on this Wednesday morning-
Frontrunning: August 9th
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Global markets and U.S. stock futures were under pressure this morning as U.S.-North Korea tensions escalated with threats exchanged by President Donald Trump and Kim Jong-Un's regime. Bond prices, gold, and the Japanese yen, viewed as safe haven investments, were all higher. (CNBC)
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The Dow, which hit an intraday record Tuesday, finished lower, ending a 10-session winning streak and run of nine consecutive all-time high closes. After logging an intraday record, the S&P 500 also fell modestly, ending a two-session win streak. (CNBC)
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Second quarter labor productivity and costs at 8:30 a.m. ET (Labor)
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Wholesale inventories for June at 10 a.m. ET (Commerce)
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Weekly oil and gasoline inventories at 10:30 a.m. ET (EIA)
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Drop in rates boosts mortgage applications 3 percent (CNBC)
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21st Century Fox leads after the bell earnings list (CNBC)
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Dow component Disney was sharply lower in the premarket. While beating estimates on quarterly earnings, the media giant fell short on revenue. Troubles at ESPN contributed to a decline in operating income from Disney's cable business. (CNBC)
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Disney also announced, late Tuesday along with earnings, that starting in 2019 it won't stream new movies on Netflix (NFLX). Instead, the media giant plans to start its own streaming video service. Netflix shares were sliding in premarket trading. (CNBC)
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Ten years ago today marked the beginning of the most far-reaching economic disruption since World War II. Few people appreciated the scope of the financial crisis that would unfold over the next 18 months. (WSJ)
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President Trump is warning North Korea about facing "fire and fury" if the isolated nation makes more threats against the United States. Last night, North Korea's state media said the country was considering a strategy to strike the U.S. Pacific territory of Guam. (CNBC & Reuters)
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North Korean nuclear weapons now they fit inside missiles (CNBC)
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Trump sets his own 'red line' and North Korea crossed it (CNBC)
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There are still 'no good options' for U.S. against North Korea (CNBC)
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Secretary of State Rex Tillerson said he doesn't believe there is "any imminent threat" from North Korea, including to the U.S. territory of Guam. Americans should "have no concerns about this particular rhetoric of the last few days," he said. (AP)
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The Trump administration appears to be granting Chinese banks dealing with North Korea a temporary reprieve from threatened U.S. sanctions to give Beijing time to show it is serious about enforcing new U.N. steps against Pyongyang. (Reuters)
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With North Korea tensions mounting, Lockheed Martin (LMT), the Pentagon's No. 1 weapons supplier, said its customers want to defend themselves against possible incoming missile attacks and are increasingly asking about missile defense systems. (Reuters)
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A car rammed into a group of soldiers in a Paris suburb today, injuring six before speeding off in what officials are investigating as a suspected terrorist attack. Two of the six soldiers hit were seriously wounded. (Reuters)
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Netflix CEO Reed Hastings, who sits on Facebook's (FB) board of directors, wrote an email to fellow board member Peter Thiel, reportedly castigating him for his "catastrophically bad" judgment in supporting Donald Trump for president. (NY Times)
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Former 'Late Show' host David Letterman signs with Netflix (WSJ)
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Fired Google engineer James Damore stands his ground on his explosive memo, which questioned the role of women in the tech industry. Damore said, "I have a legal right to express my concerns about the terms and conditions of my working environment." (NY Times)
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Golfer Tiger Woods, arrested in May on a charge of driving under the influence after police found him asleep at the wheel of his Mercedes-Benz stopped on a Florida road, is due to be arraigned today. (Reuters)
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Oprah Winfrey, whose endorsement and investment has breathed new life into Weight Watchers (WTW), is branching out into food branded under her own name in conjunction with Kraft Heinz (KHC). (USA Today)
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Activist investor Morfit Mason and ValueAct sold about 7 million shares of Microsoft's (MSFT) stock over the past week, according to regulatory filings. The shares were sold at prices ranging from $72.50 to $72.61 each, valuing the stake at over $500 million. (CNBC)
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Vantiv (VNTV) clinched its deal to buy Britain's Worldpay for $10 billion after a preliminary announcement last month and weeks of talks. The combined payment processing firm will take the Worldpay name. It'll be headquartered in Cincinnati. (CNBC)
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There was no big winner in last night's $346 million Mega Millions drawing. The next Mega drawing is Friday. But tonight, $307 million is up for grabs for Powerball players. This is the first time ever the two jackpots topped $300 million at the same time.
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
YESTERDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS WEEK'S GLOBAL ECONOMIC & POLICY CALENDAR:
(CLICK HERE FOR THIS WEEK'S GLOBAL ECONOMIC & POLICY CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($NVDA $VRX $SNAP $DIS $JCP $WB $TWLO $PCLN $ON $CVS $SINA $PLUG $M $TSN $NTES $YY $CBI $LITE $MAR $FDC)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($WB $SINA $LITE $MYL $PLCE $WEN $ARLZ $ODP $VNTV $ATHM $SSYS $EGRX $SN $AXAS $ASPS $NVO $CROX $PLX $AVT)
(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!)
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!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- DIS
- SPY
- WB
- VXX
- SINA
- HTZ
- ARRY
- JNUG
- SSYS
- UVXY
- VNTV
- TVIX
- ATHM
- NHI
- MYOK
- BABA
- ESPR
- JEC
- DF
- LGND
- CLR
- UFAB
- XRAY
- RRGB
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Microsoft – Hedge fund ValueAct sold seven million Microsoft shares, according to a Securities and Exchange Commision filing. ValueAct had sold a similar number of shares earlier this year, but still holds about nine million shares. ValueAct had bought Microsoft in 2013 below $30 and pushed for changes.
STOCK SYMBOL: MFST
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Wolverine World Wide – The shoe retailer earned an adjusted 43 cents per share for its latest quarter, 14 cents a share above estimates. Revenue also beat forecasts. The maker of shoe brands like Wolverine, Stride Rite, Sperry, and Keds also raised its full-year forecast.
STOCK SYMBOL: WWW
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Office Depot – The office supplies retailer missed estimates by two cents a share, with adjusted quarterly profit of six cents per share. Revenue also missed forecasts. Office Depot also said it expects 2017 sales to be lower than they were a year ago, due to store closures and challenging market conditions.
STOCK SYMBOL: ODP
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Southwest Airlines – The airline said revenue passenger miles rose 6 percent in July from a year earlier to 12.4 billion.
STOCK SYMBOL: LUV
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Children's Place – The children's apparel retailer reported adjusted quarterly profit of 86 cents per share for the second quarter, 10 cents a share above estimates. Revenue fell short of forecasts. Comparable-store sales were up 3.1 percent, better than the 2.3 percent consensus estimate.
STOCK SYMBOL: PLCE
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Wendy's – The restaurant chain beat estimates by two cents a share, with adjusted quarterly profit of 15 cents per share. Revenue also topped forecasts. Wendy's said that about one-third of its global restaurants have been "reimaged" as it continues a planned revamping.
STOCK SYMBOL: WEN
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Walt Disney — Disney reported adjusted quarterly profit of $1.58 per share, three cents a share above estimates. Revenue fell short of forecasts. Disney also announced it would pull new movies from Netflix beginning in 2019 and launching its own streaming service.
STOCK SYMBOL: DIS
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Priceline Group – Priceline earned an adjusted $15.14 per share for its latest quarter, beating estimates of $14.20. Revenue exceeded forecasts, as well. Bookings were slightly short of forecasts, as was the travel website operator's current-quarter earnings guidance.
STOCK SYMBOL: PCLN
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Hertz Global – Hertz posted an adjusted quarterly loss of 63 cents per share, more than triple the consensus estimate of a 20 cents per share loss. The car rental company's revenue was in line. Hertz said it had made significant progress in its turnaround plan, although it mentioned a "challenging" business environment just as rival Avis Budget Group did on Monday.
STOCK SYMBOL: HTZ
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TripAdvisor – TripAdvisor beat estimates by eight cents a share, with adjusted quarterly profit of 38 cents per share. The travel website operator's revenue also beat forecasts, however the company cut its full-year 2017 guidance due in part to a shift to less profitable mobile device booking.
STOCK SYMBOL: TRIP
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Lions Gate Entertainment – Lions Gate came in 10 cents a share ahead of estimates, with quarterly profit of 49 cents per share. The movie and TV studio's revenue was essentially in line with forecasts. Lions Gate's beat came despite underperformance in its television production unit.
STOCK SYMBOL: LGF.A
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Monster Beverage – Monster missed estimates by a penny a share, with quarterly earnings of 39 cents per share. The energy drink maker's revenue beat forecasts. The company said its results were negatively impacted by currency issues as well as production shortages of certain products.
STOCK SYMBOL: MNST
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TrueCar — TrueCar earned an adjusted one cent per share for its latest quarter, compared to forecasts of a breakeven quarter. The car-buying service's revenue beat forecasts, however TrueCar issued weaker-than-expected full-year guidance.
STOCK SYMBOL: TRUE
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Zillow – Zillow earned an adjusted four cents per share for the second quarter, surprising analysts who had expected a one-cent-per-share loss. The real estate website operator's revenue also beat forecasts, as traffic to its sites rose 17 percent compared to a year earlier.
STOCK SYMBOL: ZG
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Vantiv – Vantiv clinched its deal to buy Britain's Worldpay for $10 billion, following a preliminary announcement in early July and weeks of talks between the two payment processing companies. The combined company will take the Worldpay name and be headquartered in Cincinnati.
STOCK SYMBOL: VNTV
(CLICK HERE FOR LIVE STOCK QUOTE!)
Lockheed Martin – The defense contractor said it was fielding more inquiries about missile defense systems in light of North Korea's increasing number of missile tests and verbal threats.
STOCK SYMBOL: LMT
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GoDaddy – GoDaddy earned 10 cents per share for the second quarter, nine cents a share above estimates. The web hosting company's revenue also beat forecasts. GoDaddy's results were boosted by its acquisition of Host Europe Group.
STOCK SYMBOL: GDDY
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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 Wednesday, August the 9th! :)
Submitted August 09, 2017 at 08:45AM by bigbear0083 http://ift.tt/2uphWbg
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