Good morning traders of the r/StockMarket sub! Happy Tuesday to all of you! Here are your stock market movers & news this morning-
Frontrunning: September 26
- Demise of Obamacare Repeal Shows How Far GOP Remains From Goal (BBG)
- Republican’s Latest Tax Plan Has Little Room to Maneuver (WSJ)
- Mexico in three-day countdown to search for earthquake survivors (Reuters)
- Oil near 26-month high as Turkey threatens to choke Kurdish exports (Reuters)
- North Korea bolsters defenses after flight by U.S. bombers as rhetoric escalates (Reuters)
- U.S. to Curb Russian Military Flights Over America (WSJ)
- U.S. Commerce Secretary Ross tells China to guarantee fair treatment for U.S. firms (Reuters)
- Novogratz Says Bitcoin Is a Bubble, But You Should Own It (BBG)
- Citi Says Get Ready for an Oil Squeeze (BBG)
- Alibaba takes control of logistics business, pledges $15 billion to expand network (Reuters)
- This Is Chaos’: Sweltering Puerto Rico on Day 6 Without Power (BBG)
- Nestlé Cedes Ground to Loeb but Won’t Budge on L’Oreal (WSJ)
- Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale (Reuters)
- Citi Is Bringing Back One of the Most Infamous Bets of the Credit Crisis (BBG)
- Nafta Negotiators Turn to Thorny Issue Just as Ministers Arrive (BBG)
- U.S. companies urge EU to refrain from unilateral moves on Web tax (Reuters)
- BHP, world's largest miner, says 2017 is 'tipping point' for electric cars (Reuters)
- Ivanka Trump's China Business Ties Are More Secret Than Ever (BBG)
- The Oil Ghost Towns of Texas (BBG)
- Brazil Lets In Big Oil Firms After Keeping Them Out for a Decade (WSJ)
- Banks Lobbying to Stem MiFID’s Spread Spark a U.S. Client Revolt (BBG)
- Big Investors Want Directors to Stop Sitting On So Many Boards (WSJ)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($MU $RAD $RHT $NKE $BBRY $THO $KBH $DRI $PTN $ACN $FDS $INFO $SNX $ASNA $MTN $JBL $PIR $CTAS $WOR $CAG)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
(N/A)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
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THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
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THIS MORNING'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- FB
- BABA
- AXON
- MU
- NKE
- RHT
- DRI
- GNCA
- ZGNX
- INFO
- MO
- PM
- TXMD
- S
- CAKE
- TXN
- MYOK
- PNC
- KMI
- GHL
- DISH
- SAM
- ARNA
- PRQR
- JD
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Shake Shack – The restaurant chain's stock was downgraded to "neutral" from "outperform" at Wedbush, with potential cannibalization from newly opened locations among the risks mentioned.
STOCK SYMBOL: SHAK
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Darden Restaurants – The restaurant chain operator reported adjusted quarterly profit of 99 cents per share, matching estimates, while revenue beat forecasts. Comparable sales at its Olive Garden chain were up 1.9 percent, shy of the 2.5 percent consensus estimate, though comp sales at its Longhorn Steakhouse unit did beat forecasts.
STOCK SYMBOL: DRI
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JPMorgan Chase – The bank's stock was downgraded to "hold" from "buy" at Deutsche Bank, with the firm focusing on its view of a flattening of the yield curve and the lack of significant acceleration in economic growth.
STOCK SYMBOL: JPM
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FactSet – The provider of financial market information earned an adjusted $1.90 per share for its latest quarter, one cent above estimates, while revenue also beat Street forecasts.
STOCK SYMBOL: FDS
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Newell Brands – The household products maker announced that it will resume its stock buyback program. The program had been suspended in the fourth quarter of 2015 in conjunction with its acquisition of Jarden.
STOCK SYMBOL: NWL
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Red Hat — The Linux software distributor reported adjusted quarterly profit of 77 cents per share, 10 cents above estimates, with revenue also above forecasts. Red Hat also raised its full-year forecast, amid strong demand for its cloud-based products.
STOCK SYMBOL: RHT
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Ascena Retail – Ascena reported a surprise profit, with adjusted quarterly earnings of five cents per share. The parent of Ann Taylor and other apparel sellers had been expected to post a loss of three cents per share for the quarter, according to consensus estimates. Revenue also beat forecasts, and comparable sales fell only half as much as expected.
STOCK SYMBOL: ASNA
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Walt Disney – Disney is testing a revamp of its retail store format for the first time since 2010, as well as launching a new shopping website today.
STOCK SYMBOL: DIS
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Alibaba – The China-based online retailer announced a plan to invest more than $15 billion to build a global logistics network, and is also increasing its stake in China logistics firm Cainiao Smart Logistics to 51 percent from 47 percent.
STOCK SYMBOL: BABA
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U.S. Steel – The steel maker announced that it and joint venture partner Kobe Steel will invest $400 million to boost output of high strength steel to meet increasing demand from automakers.
STOCK SYMBOL: X
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General Electric – GE is in danger of losing a $2.5 billion 11-year deal struck in 2015 to sell diesel locomotives in India, according to the Wall Street Journal. A newly appointed transportation official has said that India intends to pull out of the deal and switch to exclusive use of electric locomotives, although the paper said GE officials have met with that official to try to save the deal.
STOCK SYMBOL: GE
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Amazon.com – Amazon said its Alexa digital assistant will be integrated with its Amazon Music service as of today.
STOCK SYMBOL: AMZN
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Microsoft – Microsoft will unveil a customer service virtual assistant next week, its first product in a new line of software intended to compete in the market for business-focused AI applications.
STOCK SYMBOL: MSFT
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Apple – Apple has been asked by private equity firm KKR to switch sides in the bidding for Toshiba's chip unit, according to a Bloomberg report. Apple has been part of a group led by Bain Capital, but KKR wants Apple to join its joint bid with Western Digital for the unit.
STOCK SYMBOL: AAPL
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Boeing – Boeing has begun a project that could ultimately result in a new mid-market jet. 787 Dreamliner head Mark Jenks has been transferred to the new project, according to Reuters.
STOCK SYMBOL: BA
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Shutterfly – Shutterfly announced that its online photo services have been integrated with the Apple Photos app for the Mac operating system known as High Sierra.
STOCK SYMBOL: SFLY
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HIS Markit – The financial information provider earned an adjusted 57 cents per share for its latest quarter, four cents above estimates, with revenue also above forecasts. The company said its transportation and financial services businesses did particularly well during the quarter.
STOCK SYMBOL: INFO
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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 Tuesday, September the 26th! :)
Submitted September 26, 2017 at 09:24AM by bigbear0083 http://ift.tt/2hsZwVE
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