Good morning traders of the r/StockMarket sub! Happy Friday to all of you! Here are your pre-market stock market movers & news this morning-
Frontrunning: October 20
- Trump’s Tax Plan Takes a Big Step Forward, But What Comes Next Won’t Be Easy (BBG)
- Low pay, no bonus: U.S. retailers struggle with hiring (Reuters)
- Donald Trump Jr. Becomes a Rainmaker on the Republican Speaking Circuit (BBG)
- In Kuroda's face - researchers find ways to predict central bank changes (Reuters)
- One Month After Maria, a Crisis Still Rages in Rural Puerto Rico (BBG)
- GOP Gears Up for Tax-Overhaul Push (WSJ)
- A Fed for a Growth Economy (WSJ)
- Three Wise Men: Xi Seeks to Join Mao and Deng in China’s ‘Holy Scripture’ (WSJ)
- EU leaders demand UK raises Brexit divorce payment (FT)
- No trade talks but May wins gesture, warm words at EU summit (Reuters)
- La Croix CEO Bubbles Over in Anger About Short-Sellers (BBG)
- Nursing shortage strains U.S. hospitals (Reuters)
- New GE Chief Slashes Forecasts, Plans to Exit $20 Billion in Businesses (WSJ)
- Uruguay’s President, Who Won a Fight With Big Tobacco, Is Now Targeting Alcohol (BBG)
- Austrian coalition talks set to begin, far right likely partner (Reuters)
- Wall Street’s Robots Still Have a Lot to Learn About Being a Human Trader (Bloomberg)
- Tillerson Balances Trump’s Objectives With His Own (WSJ)
- Lawyers Begin Sketching Strategy to Challenge Possible Nafta Withdrawal (WSJ)
- Celgene abandons Crohn's drug trials, shares drop (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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NEXT WEEK'S ECONOMIC CALENDAR:
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NEXT WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($NFLX $GE $IBM $GS $UNH $JNJ $LRCX $PYPL $CLF $CSX $MS $VZ $ABT $HOG $BX $PGR $ISRG $ASML $UAL $AA $CMA $EBAY)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($GE $CLF $PG $HON $SLB $STI $SYF $MAN $DST $ERIC $KSU $AIMC $BHGE $CFG $GNTX $EEFT $RBCAA $MINI)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
NONE.
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:
- GE
- AUPH
- CLF
- QURE
- PYPL
- SKX
- CELG
- OMER
- PG
- ERIC
- AAXN
- SLB
- SYF
- MAN
- HON
- ISRG
- MXIM
- PFPT
- GNTX
- UAL
- KSU
- DST
- LULU
- TEAM
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
General Electric – GE reported adjusted third-quarter profit of 29 cents per share, missing estimates by 20 cents a share. GE also cut its full-year outlook to $1.05 to $1.10 per share, versus consensus estimates of $1.53. Chief Executive Officer John Flannery called it a "very challenging quarter," which comes ahead of Flannery's planned November strategic update.
STOCK SYMBOL: GE
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Procter & Gamble – The consumer products giant beat estimates by one cent a share, with adjusted quarterly profit of $1.09 per share. Revenue was slightly below forecasts. P&G said it was able to deliver organic sales growth in a decelerating global market.
STOCK SYMBOL: PG
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Honeywell – Honeywell matched forecasts with quarterly profit of $1.75 per share, while revenue was above Street forecasts. Honeywell's results were helped by growth in its aerospace and warehouse automation units.
STOCK SYMBOL: HON
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SunTrust Banks – The bank reported quarterly profit of $1.06 per share, one cent above estimates, with revenue also beating forecasts. SunTrust's results were aided by higher net interest income.
STOCK SYMBOL: STI
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PayPal — The payments company beat estimates by three cents with adjusted quarterly profit of 46 cents per share. Revenue beat estimates as well, with PayPal's results helped by mobile payments which more than doubled compared to a year earlier.
STOCK SYMBOL: PYPL
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Athenahealth – Athenahealth reported adjusted quarterly profit of 56 cents per share, six cents a share above estimates. The provider of health-care software saw revenue miss Street forecasts. The company also said it would cut about nine percent of its workforce, a move that would save up to $115 million by the end of next year.
STOCK SYMBOL: ATHN
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Intuitive Surgical – The company came in 19 cents a share above estimates, with quarterly earnings of $2.18 per share. The surgical products maker's revenue also comfortably exceeded Street forecasts. The earnings beat came on the strength of an increase in shipments of the company's flagship Da Vinci robotic surgical systems.
STOCK SYMBOL: ISRG
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NCR – NCR reported adjusted quarterly profit of 93 cents per share, three cents a share above estimates. The payment processing company saw revenue miss forecasts, however, and it gave weaker-than-expected current-quarter guidance. NCR said orders for its automated teller machines have been impacted by delays in spending from large customers, among other factors.
STOCK SYMBOL: NCR
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Skechers – Skechers beat consensus Street forecasts by 16 cents a share, with quarterly earnings of 59 cents per share. The footwear retailer's revenue also came in above forecasts and set a record on the strength of the company's international wholesale business, as well as a 4.4 percent increase in comparable-store sales.
STOCK SYMBOL: SKX
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Celgene – Celgene discontinued a trial for an experimental drug to treat Crohn's disease. The company did not identify any safety concerns, and analysts say the decision likely came because of a lack of efficacy.
STOCK SYMBOL: CELG
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InterContinental Hotels – The hotel operator said hurricanes Harvey and Irma impacted its U.S. revenue during its latest quarter, with revenue per available room in its Americas business up just 0.8 percent. That compares to an increase of 1.9 percent in the same period a year ago for the company behind Crowne Plaza, Holiday Inn, and other hotel brands.
STOCK SYMBOL: IHG
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Boeing – Boeing is on the verge of winning a $13.8 billion jet order from Singapore Airlines, which said it would finalize the 39-jet order next week.
STOCK SYMBOL: BA
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Axon Enterprise – Axon said its financial reports are under review by the Securities and Exchange Commission (SEC). The maker of Taser stun guns said the SEC is reviewing its 2016 report, as well as its quarterly filing for the quarter ending this past March 31. Three letters have been sent to the company and the most recent said that the company had not yet provided a substantive response.
STOCK SYMBOL: AAXN
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Automatic Data Processing – ADP was urged by activist investor Bill Ackman to buy rival payroll processor Ceridian, calling it a move that would allow ADP to attract more customers with a better product.
STOCK SYMBOL: ADP
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E*Trade Financial – ETrade reported quarterly profit of 49 cents per share, short of the 51-cent-a-share consensus estimate. Revenue for the online brokerage firm was roughly in line with Street forecasts. Separately, ETrade is buying technical support firm Trust Company of America for $275 million.
STOCK SYMBOL: ETFC
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MGM Resorts – The hotel and resort operator's stock was added to the "Conviction Buy" list at Goldman Sachs in a valuation call.
STOCK SYMBOL: MGM
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Bank of New York Mellon – Bank of New York Mellon was removed from Goldman's "Conviction Buy" list, though it remains "buy" rated. Goldman cited uncertainty about the bank's strategic plan ahead of its Investor Day, which is not scheduled to take place until March 8.
STOCK SYMBOL: BK
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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 today on this Friday, October the 20th! :)
Submitted October 20, 2017 at 09:12AM by bigbear0083 http://ift.tt/2zD6FXQ
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