Good morning traders of the r/StockMarket sub! Happy Wednesday to all of you! Here are your pre-market stock market movers & news this morning-
Frontrunning: October 25
- The House is set to vote tomorrow to back the Senate's budget resolution seen as crucial to helping push the GOP's effort for tax reform later this year. A source told CNBC that House Republicans aim to introduce a tax bill on Nov. 1. (Politico & CNBC)
- GOP and Wall Street scored a hard-fought victory late Tuesday when the Senate killed a ban on financial companies requiring customers to surrender their right to sue in order to open accounts. Vice President Mike Pence appeared on the floor to cast the tie-breaking vote. (Reuters)
- The Senate voted 82 to 17 to approve a $36.5 billion disaster relief package that includes a bailout of the financially troubled National Flood Insurance Program. * * * Lawmakers say much more money will be needed after hurricanes hit states and U.S. territories. (NY Times)
- Two-person energy firm's $300 million Puerto Rico contract raises eyebrows (USA Today)
- Tesla starts work on first Puerto Rico energy project to help rebuild island (CNBC)
- President Trump reportedly asked Republican senators on Tuesday for a show-of-hands on which candidate they prefer to lead the Federal Reserve. He reportedly asked the group if they prefer Fed Governor Jerome Powell or Stanford professor John Taylor. (WSJ)
- Hillary Clinton's campaign and the DNC helped pay for research leading to the infamous Russia dossier, which contains allegations of President Trump's ties to the country and possible interference by the Kremlin in the campaign, a source confirmed to NBC News.
- Republican Sen. Jeff Flake will not seek re-election next year, issuing a sharp rebuke to a Republican Party that he said has given into a "more viscerally satisfied anger and resentment" under President Trump. (CNBC)
- Republican Sen. Bob Corker unloads on Trump, says he 'debases the country' (CNBC)
- Trump's fragile ego threatens tax reform (CNBC)
- To help raise money for infrastructure improvements, the Department of the Interior is considering a price hike for National Park visitorsduring peak visitor seasons. * The department says the fee increase will help ensure parks are better protected and preserved. (Axios)
- New security measures including stricter passenger screening take effect on Thursday on all U.S.-bound flights to comply with government requirements designed to avoid an in-cabin ban on laptops, airlines said. (Reuters)
- The tropical island-nation of Singapore now boasts the world's strongest passport, according to a new ranking. It's the first time an Asian country has topped the list. The United States was in the sixth tier of countries. (CNBC)
- Apple (AAPL), which recently said it was including wireless charging in its latest iPhone X and iPhone 8 smartphones, has acquired New Zealand firm PowerbyProxi that designs wireless power products for consumers and industry. (Reuters)
- As political pressure mounts on social media companies to say where ads are coming from, Twitter (TWTR) will reveal more information about political advertising on its platform. The ads will include some sort of visual marker. (CNBC)
- T-Mobile US (TMUS) and Sprint (S) are laying the groundwork for special committees of their board of directors to decide on a merger between the third and fourth largest U.S. wireless carriers, Reuters reports, citing people familiar with the matter.
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:
(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:
($AMD $AMZN $GOOGL $MSFT $V $BA $INTC $MCD $CAT $HAL $CMG $STX $LMT $T $HAS $GM $F $BIDU $TWTR $GILD $CELG)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($V $BA $FCX $S $WBA $KO $ALK $GRUB $SIRI $TRVG $NOC $GD $ANTM $RES $SIX $LEA $DPS $HBAN $IP $WYN $BAX)
(CLICK HERE FOR THIS MORNING'S 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!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #4!)
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:
- AMD
- CMG
- V
- WBA
- CAT
- GD
- KO
- ANTM
- WYN
- S
- DDD
- NOC
- CLB
- IP
- TMO
- AUDC
- HES
- DGAZ
- OCUL
- LEA
- CSCO
- MMM
- XNET
- NUVA
- COF
- PII
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Boeing – Boeing's quarterly profit came in six cents ahead of estimates at $2.72 per share, while revenue also beat forecasts. The jet maker had stronger than expected cash flow, and also raised its full year forecast due to a lower than expected tax rate.
STOCK SYMBOL: BA
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Coca-Cola – The beverage giant reported adjusted quarterly profit of 50 cents per share, one cent above forecast, and revenue also beat estimates. Coke's organic revenue growth also beat consensus, and the company said case unit volume was able to stay flat despite challenges in certain markets.
STOCK SYMBOL: KO
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Visa – The credit card issuer reported quarterly profit of 90 cents per share, five cents above estimates, with revenue also above forecasts. More customers made payments using the Visa network, and results were also helped by the company's acquisition of Visa Europe.
STOCK SYMBOL: V
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Northrop Grumman – The defense contractor reported quarterly profit of $3.68 per share, easily exceeding estimates of $2.92. Revenue beat forecasts as well, and the company increased its full-year outlook as well. Northrop Grumman's were helped by higher demand for its manned aircraft, among other items.
STOCK SYMBOL: NOC
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Anthem – Anthem beat estimates by 23 cents with adjusted quarterly profit of $2.65 per share. Revenue beat forecasts, and the company forecast full-year earnings that exceed current Street consensus. The company was helped by higher premiums and an increase in membership. Separately, Anthem announced the acquisition of Medicare Advantage plan provider America's 1st Choice. The health insurer did not disclose financial details of the transaction.
STOCK SYMBOL: ANTM
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Carlyle Group – The private equity firm announced that co-CEOs David Rubenstein and William Conway will step down in January and move to new roles as co-executive chairmen.
STOCK SYMBOL: CG
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Walgreens Boots Alliance – The drugstore chain's earnings came in ten cents above estimates at an adjusted $1.31 per share, while revenue beat forecasts as well. Overall profit did fall from a year ago, mostly due to the more than $300 million fee it paid to Rite Aid (RAD) after their merger deal was abandoned.
STOCK SYMBOL: WBA
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AT&T – AT&T reported adjusted quarterly profit of 74 cents per share, missing estimates by one cent. Revenue was also below forecasts as the company lost video subscribers and fewer wireless subscribers upgraded devices as they waited for Apple's new phones to launch.
STOCK SYMBOL: T
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Chipotle Mexican Grill – Chipotle fell 30 cents shy of consensus forecasts with adjusted quarterly profit of $1.33 per share, while the restaurant chain's revenue and comparable store sales also missed estimates. CEO Steve Ells said the company planned to slow down new restaurant openings for 12 to 18 months so it can "get the fundamentals right".
STOCK SYMBOL: CMG
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Express Scripts – Express Scripts matched forecasts with adjusted quarterly profit of $1.90 per share, with the pharmacy benefits manager's revenue falling short of estimates. However, Express Scripts did raise its full-year 2017 guidance as well as upping its 2018 retention rate forecast. Separately, the company announced the departure of Chief Financial Officer Eric Slusser.
STOCK SYMBOL: ESRX
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Twitter – Twitter announced new ad transparency measures, including the addition of labels to election-related ads.
STOCK SYMBOL: TWTR
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Texas Instruments – Texas Instruments beat estimates by 12 cents with adjusted quarterly profit of $1.24 per share, with the chipmaker's revenue beating forecasts as well. Texas Instruments is being helped by a jump in demand for automotive and industrial use chips.
STOCK SYMBOL: TXN
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Advanced Micro Devices – AMD reported adjusted quarterly profit of 10 cents per share, two cents above estimates, while the semiconductor maker's revenue also came in above consensus. However, AMD also forecast a drop in revenue for the current quarter, which would break a six-quarter streak of revenue increases.
STOCK SYMBOL: AMD
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Juniper Networks – Juniper matched Street forecasts with adjusted quarterly profit of 55 cents per share, and the networking equipment maker also so revenue match estimates. However, Juniper gave weaker than expected current quarter guidance, and said it had begun a "realignment" of its workforce.
STOCK SYMBOL: JNPR
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Regal Entertainment – Regal came in two cents above estimates with adjusted quarterly profit of seven cents per share, and the movie theater operator also saw revenue beat forecasts. The company said it was pleased with the quarter given a "challenging" third quarter box office environment.
STOCK SYMBOL: RGC
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Apple – Apple acquired privately held PowerbyProxi, a wireless charging company based on New Zealand. Neither company would provide specific details about the transaction.
STOCK SYMBOL: AAPL
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T-Mobile US, Sprint – T-Mobile and Sprint are both preparing special board committees to evaluate any merger deal between the two wireless carriers, according to Reuters.
STOCK SYMBOL: TMUS
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STOCK SYMBOL: S
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3M – 3M was upgraded to "neutral" from "sell" by Goldman Sachs, following 3M's best one-day gain in more than eight years. Goldman said it thinks valuation remains high, but said the company is seeing strong organic growth and that it has an underlevered balance sheet.
STOCK SYMBOL: MMM
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iRobot – iRobot reported quarterly profit of 69 cents per share, well above the consensus estimate of 47 cents. Revenue for the maker of the Roomba robotic vacuum cleaner also came in above forecasts, and the company also gave an upbeat forecast based on positive momentum in the US, as well as the EMEA (Europe, Middle East, and Africa) markets.
STOCK SYMBOL: IRBT
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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 Wednesday, October the 25th! :)
Submitted October 25, 2017 at 08:37AM by bigbear0083 http://ift.tt/2h76lJc
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