Good morning traders of the r/StockMarket sub! Happy Monday to all of you! Here are your pre-market stock market movers & news this morning-
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Frontrunning: October 30
- Paul Manafort, Who Once Ran Trump Campaign, Told to Surrender (NYT)
- Russia Probe Puts Focus on Washington Research Firm (WSJ)
- Trump tax overhaul under intensifying fire as Congress readies bill (Reuters)
- House Tax Writer Gives Ground on a State and Local Tax Break (BBG)
- Work resumes normally in Catalonia as Spain enforces direct rule (Reuters)
- Russia Wields Oil Diplomacy, Pushing In on U.S. Interests (NYT)
- The Man Behind Moviepass’ 1,151% Rally Has Had 99% Wipeouts in the Past (BBG)
- China Bond Selloff Spreads to Stocks (BBG)
- John Boehner Unchained (Politico)
- U.S. regulator wants to loosen leash on Wells Fargo: sources (Reuters)
- Why Are Markets Rising? Investors Buy Every Dip (WSJ)
- Long-time Ally of Offshore Drillers Oversees Safety Agency (WSJ)
- Black lists matter: the betrayal of democratic liberalism (Medium)
- The Biggest Stock Collapse in History Has No End in Sight (BBG)
- Puerto Rico moves to cancel Whitefish power contract after uproar (Reuters)
- Spacey Apologizes Over Past Harassment (Reuters)
- Why Is the Government Giving Money to Dying Malls? (BBG)
- A Missing Piece of the Global Growth Jigsaw Starts to Fall Into Place (BBG)
- Iran fulfilling nuclear deal commitments: IAEA chief (Reuters)
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
FRIDAY'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:
($AAPL $FB $BABA $TSLA $SHOP $MA $X $GPRO $AKS $ATVI $CHK $QCOM $UAA $SBUX $TEVA $PFE $KEM $LL $EA $AGN)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($L $FDC $ROP $DO $CTB $D $SONS $ACCO $ARLP $AWI $CNA $AMG $IPI $SUM $VET $EDR $BWP $AHGP $IRMD)
(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:
(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!)
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!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- AMD
- UAA
- ADMS
- FDC
- DO
- MRK
- INSY
- ROP
- D
- FARO
- MDLZ
- SONS
- SRE
- M
- GWPH
- FB
- DIA
- RYTM
- DM
- BOTZ
- TLT
- SBUX
- MRNS
- KTOS
- DYN
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Lennar – The home builder bought rival CalAtlantic Group in a stock swap deal valued at $5.7 billion, excluding assumed debt. The combination creates the largest home builder in the U.S. as measured by both revenue and market capitalization.
STOCK SYMBOL: LEN
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Apple – Apple is on watch amid early indications that demand is stronger than expected but that production problems continue. Delivery time estimates extended to five to six weeks shortly after online pre-orders began on Friday.
STOCK SYMBOL: AAPL
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Strayer Education – Strayer struck a deal to merge with rival for-profit college Capella Education in a stock swap deal worth $5.7 billion, excluding assumed debt.
STOCK SYMBOL: STRA
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Axalta – The paint and coatings maker is in talks with Dutch paint maker Akzo Nobel about an Akzo purchase, with Akzo saying it was in "constructive talks" following Friday reports that the two might strike a deal. Akzo had been in the news earlier this year when it rejected a takeover bid from another U.S.-based rival, PPG Industries.
STOCK SYMBOL: AXTA
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Novartis – Novartis is offering to buy French drugmaker Advanced Accelerator Applications for $3.9 billion in cash, or $82 per share. Advanced Accelerator CEO Stefano Buono said the company backed the deal, which would help Novartis strengthen its oncology portfolio.
STOCK SYMBOL: NVS
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Dynegy – Vistra Energy is buying its fellow utility company in an all-stock deal worth $13.24 per Dynegy share, an 18 percent premium compared to Friday's close.
STOCK SYMBOL: DYN
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General Motors – The automaker's stock was downgraded to "sell" from "neutral" at Goldman Sachs, which points to the current valuation and the likelihood of a downward inflection for GM earnings in 2018.
STOCK SYMBOL: GM
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Advanced Micro Devices – The chipmaker's stock was downgraded to "underweight" from "neutral" at Morgan Stanley, saying it has been skeptical that AMD could earn enough to justify its valuation but was keeping it at "equal weight" while its estimates were above Street consensus. That is no longer the case, resulting in the downgrade.
STOCK SYMBOL: AMD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Wells Fargo – The bank may rid itself of a restriction put in place after last year's sales scandal, according to a Reuters report. People familiar with the matter say acting Comptroller of the Currency Keith Noreika wants to make it easier for Wells Fargo to pay employees when they leave. The restriction currently in place subjects any severance payouts to clearance by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp.
STOCK SYMBOL: WFC
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Insys – Insys founder John Kapoor has resigned from the drugmaker's board of directors, following his arrest last week on charges he bribed doctors to prescribe opioid drugs. Kapoor issued a statement saying he believes he will be fully vindicated after the trial.
STOCK SYMBOL: INSY
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General Electric – GE's board reportedly did not know until recently that former Chairman and CEO Jeff Immelt had an extra jet follow his corporate jet on some trips during his 16-year tenure. The Wall Street Journal said directors did not know of the matter until this month, nor did it know about an internal complaint about the practice several years ago.
STOCK SYMBOL: GE
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Constellation Brands – The beer and spirits maker will take a 9.9 percent stake in Canadian marijuana company Canopy Growth, the world's largest publicly traded cannabis company with a Toronto Stock Exchange market value of 2.2 billion Canadian dollars.
STOCK SYMBOL: STZ
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Chevron – Chevron reversed an earlier decision to sell its natural gas operations in Bangladesh but did not give a reason for that move.
STOCK SYMBOL: CVX
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CVS Health – CVS talked to Anthem about a possible takeover deal, before setting its sights on Aetna, according to The Wall Street Journal. The paper said CVS also considered the idea of a deal with UnitedHealth Group.
STOCK SYMBOL: CVS
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HSBC – The bank reported a quarterly profit compared to a year-ago loss, with particularly strong results in the Hong Kong market.
STOCK SYMBOL: HSBC
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Merck – Merck was downgraded to "hold" from "buy" at SunTrust Robinson Humphrey, which cites increasing competition and reduced estimates for sales of Merck's cancer drug Keytruda.
STOCK SYMBOL: MRK
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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. /u/bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
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 Monday, October the 30th! :)
Submitted October 30, 2017 at 09:23AM by bigbear0083 http://ift.tt/2hoSbU0
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