Wednesday, September 27, 2017

9/27 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 this morning-


Frontrunning: September 27

  • Trump Will Let Congress Decide on Tax Rate for Top Earners (BBG)
  • Conservative firebrand defeats Trump pick in Alabama primary for U.S. Senate (Reuters)
  • U.S. Commerce Secretary says market access, protectionism top China issues (Reuters)
  • U.S. slaps steep duties on Bombardier jets after Boeing complaint (Reuters)
  • Dismayed Britain chides Boeing over Bombardier ruling (Reuters)
  • Cryptocurrency Derivatives? You Bet. This Trader Has 295% Return (BBG)
  • Manafort’s Offer to Russian Oligarch Was Tied to Disputed Deal (BBG)
  • There’s One North Korea Taboo China’s Leaders Won’t Talk About (BBG)
  • Mattis arrives in Afghanistan as rockets hit Kabul airport (Reuters)
  • Falling prices, borrowing binge haunt Midwest 'go-go farmers' (Reuters)
  • Canada Says It’s No Safe Haven for Immigrants Losing U.S. Protection (WSJ)
  • Ford and Lyft Sign Driverless-Car Agreement (WSJ)
  • Trump’s Made-in-America Car Campaign Hasn’t Spurred Investment (BBG)
  • Uber defends business model at UK tribunal on worker rights (Reuters)
  • Alstom, Siemens Announce Merger to Create European Train Giant (Reuters)
  • PepsiCo Lawyer’s Exit Is Focus of SEC Probe (WSJ)
  • Greek central bank dismisses Anonymous hacking claim (Reuters)
  • Amazon says Google has pulled YouTube from Echo Show device in tech face-off (Reuters)
  • Thai former PM Yingluck gets five-year jail term for negligence (Reuters)

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:

(CLICK HERE FOR THIS WEEK'S IPO'S!)

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:

(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!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • MU
  • NKE
  • IZEA
  • TWTR
  • TWLO
  • BBRY
  • UGAZ
  • MYOK
  • DRIP
  • BSTI
  • ZTO
  • CTAS
  • IWM
  • SPWR
  • KORS
  • INTU
  • LITE
  • JBL
  • AMZN
  • DIA
  • AAPL
  • EEM
  • BAC
  • TEF

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Nike – Nike reported quarterly profit of 57 cents per share compared to consensus estimates of 48 cents. The athletic footwear and apparel maker's revenue was essentially in line, but it did post its slowest quarterly sales growth in almost seven years amid intensifying competition.

STOCK SYMBOL: NKE

(CLICK HERE FOR LIVE STOCK QUOTE!)

Micron Technology – Micron beat estimates by 19 cents with adjusted quarterly profit of $2.02 per share, and the chip maker's revenue also beat forecasts. Micron also gave an upbeat current quarter forecast, aided by a jump in memory chip prices.

STOCK SYMBOL: MU

(CLICK HERE FOR LIVE STOCK QUOTE!)

Twitter – Twitter said it would begin testing the idea of doubling its current 140-character limit for tweets. It will let a random sample of users send out longer tweets, with the test running for an unspecified period of time in all languages except for Chinese, Japanese, and Korean.

STOCK SYMBOL: TWTR

(CLICK HERE FOR LIVE STOCK QUOTE!)

Amazon.com, Alphabet – Amazon and Alphabet's Google unit are involved in a feud over videos from Google's YouTube unit. Amazon said its Echo Show devices can no longer play YouTube videos because Google has stopped supporting the service.

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)

STOCK SYMBOL: GOOGL

(CLICK HERE FOR LIVE STOCK QUOTE!)

Ford Motor – Ford announced a partnership with ride-sharing service Lyft involving the deployment of self-driving cars.

STOCK SYMBOL: F

(CLICK HERE FOR LIVE STOCK QUOTE!)

Boeing – Boeing won a victory when the Commerce Department imposed anti-subsidy duties on CSeries jets made by Canada's Bombardier. Boeing had accused Canada of unfairly subsidizing the jet.

STOCK SYMBOL: BA

(CLICK HERE FOR LIVE STOCK QUOTE!)

Monsanto – The agricultural chemical maker is having difficulty convincing weed scientists to attend a summit this week, according to a Reuters report, as it attempts to convince regulators that its dicamba herbicide is safe to use. Monsanto is fighting a number of lawsuits over crop damage linked to dicamba.

STOCK SYMBOL: MON

(CLICK HERE FOR LIVE STOCK QUOTE!)

Sonic – Sonic may have suffered a credit card breach, with the restaurant chain saying it had been notified of "unusual activity" involving credit cards used for purchasing food.

STOCK SYMBOL: SONC

(CLICK HERE FOR LIVE STOCK QUOTE!)

Trivago – Trivago was downgraded to "neutral" from "overweight" at JPMorgan Chase, which thinks the travel website's shares could be range-bound for a longer period of time than previously expected. JPM cut its price target on the stock to $14 per share from $16.

STOCK SYMBOL: TRVG

(CLICK HERE FOR LIVE STOCK QUOTE!)

Cintas – Cintas reported quarterly profit of $1.45 per share, 15 cents above estimates, with revenue also exceeding forecasts. The uniform maker said it was helped significantly by its acquisition of rival GYK services, and has increased its full-year guidance.

STOCK SYMBOL: CTAS

(CLICK HERE FOR LIVE STOCK QUOTE!)

Twilio – Twilio's CEO tweeted that the company's technology is powering a new two-way messaging service from Amazon Web Services. Twilio's stock had fallen yesterday on concerns that Amazon's new service could compete with Twilio's offerings.

STOCK SYMBOL: TWLO

(CLICK HERE FOR LIVE STOCK QUOTE!)

Hormel – The food maker's chairman, Jeffrey Ettinger, is retiring as of Nov. 20, with CEO Jim Snee adding the chairman's role to his current duties at that time.

STOCK SYMBOL: HRL

(CLICK HERE FOR LIVE STOCK QUOTE!)

Michael Kors – Canaccord Genuity upgraded the luxury goods maker to "buy" from "hold," saying strategic steps implemented by management are now showing signs of traction.

STOCK SYMBOL: KORS

(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, September the 27th! :)



Submitted September 27, 2017 at 09:03AM by bigbear0083 http://ift.tt/2fyxbg4

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