Good morning traders of the r/StockMarket sub! Welcome to Wednesday! Here are your pre-market stock movers & news this morning-
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Frontrunning: January 17
- House GOP leaders have presented a one-month spending bill aimed at keeping the government open ahead of Friday night's deadline. The bill would end spending levels until mid-February and extended the children's health insurance program, CHIP. (Washington Post)
- Trump claims Democrats 'want to shut down the government' (CNBC)
- Senate advances bill to renew NSA's internet surveillance program(Reuters)
- 'Dreamer' deal won't be a part of any budget deal (Reuters)
- Former White House chief strategist Steve Bannon was reportedly subpoenaed to testify before a grand jury in special counsel Robert Mueller's Russia investigation. Mueller is not known to have used a subpoena on anyone else close to Trump. (NY Times)
- Bannon plans to cooperate with Mueller in Russia probe, source says (NBC News)
- Mueller's subpoena could give Bannon cover in Trump probe, legal experts say (CNBC)
- The president is in "excellent health," and has no cognitive problems, the White House physician said. Trump, who weighs 239 pounds, should lose weight by changing his diet and exercising more, the doctor added. (CNBC)
- Twenty-one states filed suit to challenge the Federal Communications Commission's decision to do away with net neutrality. Democrats, however, said they needed just one more vote in the Senate to repeal the FCC ruling. (Reuters)
- A former CIA officer has been arrested after being suspected of helping China dismantle U.S. spying operations and identifying informants. Some officials reportedly believed the mole inside the CIA was exposing its roster of informants. (NY Times)
- Twenty nations agreed to consider tougher sanctions to press North Korea to give up its nuclear weapons. Meanwhile, Secretary of State Rex Tillerson warned Pyongyang it could trigger a military response if it did not choose negotiations. (Reuters)
- Extreme weather and risk of nuclear weapons are the top threats for 2018, WEF says (CNBC)
- Billionaire investor and Dallas Mavericks owner Mark Cuban announced the basketball team will begin accepting cryptocurrency paymentsduring their next season. Cuban said the team would take bitcoin or ethers and possibly others. (Coindesk)
- Former 49ers quarterback Colin Kaepernick has set a date for his final $100,000 donation to complete the $1 million total pledge to oppressed communities. In September, Kaepernick hit the $900,000 mark with donations. (USA Today)
- Walmart (WMT) announced it will offer a drug disposal product for freeto pharmacy customers as part of an effort to combat the nation's opioid abuse epidemic. More than 64,000 Americans died from drug overdoses, mainly from prescription painkillers and heroin, in 2016. (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($BAC $C $UNH $IBM $GS $FAST $FRC $CMA $OZRK $MS $SLB $ASML $INFO $AA $USB $CSX $JBHT $AXP $MBWM $KEY $TSM $BK $IBKR$SCHW $STI $PPG $BBT $HOMB $MTB $SYF $FHN $PNFP $KSU $WNS $RF $CBSH $SASR $CFG $GATX)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($BAC $GS $FAST $ASML $USB $CSX $SCHW $IBKR $PNFP $ADTN $RNST)
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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:
([CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!]())
NONE.
TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- BTC.X
- GS
- JUNO
- BAC
- F
- UVXY
- NEO.X
- ASML
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Goldman Sachs – Goldman reported adjusted quarterly profit of $5.68 per share compared to the $4.91 a share consensus estimate. Revenue also beat Wall Street forecasts. CEO Lloyd Blankfein noted the strong 2017 performance in the face of a "challenging" market-making environment.
STOCK SYMBOL: GS
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Bank of America – The bank reported adjusted quarterly profit of 47 cents per share, 3 cents a share above estimates, Revenue fell below forecasts. Bank of America took a charge related to the new tax law but expects to benefit from lower rates going forward.
STOCK SYMBOL: BAC
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Tiffany – The luxury goods retailer said holiday season comparable-store sales rose by 5 percent compared to a year earlier, with overall sales up 8 percent. Tiffany attributes the increase to stronger demand for higher end jewelry. Tiffany did say it expects full-year 2018 earnings to be flat to slightly lower compared to 2017.
STOCK SYMBOL: TIF
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IBM – Barclays upgraded IBM to "overweight" from "underweight," saying IBM's long revenue decline may soon end and that the current mainframe cycle will allow additional time for IBM's strategic moves to take hold.
STOCK SYMBOL: IBM
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Apple – The stock was downgraded to "neutral" from "buy" at Longbow Research, which sees iPhone shipments coming in below consensus for fiscal 2018.
STOCK SYMBOL: AAPL
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Dollar General, Dollar Tree – Oppenheimer began coverage of both discount retailers with "outperform" ratings, citing attractive long-term growth prospects and a stronger lower-income consumer segment.
STOCK SYMBOL: DG
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STOCK SYMBOL: DLTR
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Ford Motor — The automaker issued 2018 financial guidance that fell short of expectations. Ford officials said higher input costs and currency volatility are among the factors weighing on the company's projected results.
STOCK SYMBOL: F
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CSX – CSX reported adjusted quarterly profit of 64 cents per share, 8 cents a share above estimates. The railroad operator's revenue was slightly shy of forecasts due to a drop in shipment volume. Its bottom line was helped by higher prices and better expense controls.
STOCK SYMBOL: CSX
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Boeing – Boeing formed a joint venture with Adient Aerospace to develop and manufacturer airplane seats. Each company is contributing $50 million to the project.
STOCK SYMBOL: BA
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Juno Therapeutics – Juno is in talks to be acquired by drugmaker Celgene, according to The Wall Street Journal. People familiar with the matter told the paper a deal could be announced within weeks.
STOCK SYMBOL: JUNO
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SandRidge Energy – SandRidge is planning to meet with its largest shareholder, investor Carl Icahn, to discuss his call to shake up the company's board of directors. Icahn had said last month that he was considering a proxy contest.
STOCK SYMBOL: SD
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Oracle – Oracle issued a security patch to fix flaws in Intel chips contained in some of the business software giant's products.
STOCK SYMBOL: ORCL
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Intercontinental Exchange – ICE will start another NYSE-branded market – named NYSE National – to be launched during the second quarter, according to a Securities and Exchange Commission (SEC) filing. The new market will only be a trading venture rather than a listing market.
STOCK SYMBOL: ICE
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Signet Jewelers – A U.S. judge overturned an arbitrator's ruling that had allowed 70,000 women to take part in a sex discrimination case against Signet unit Sterling Jewelers. That group had not originally opted to join the suit.
STOCK SYMBOL: SIG
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Rio Tinto – Rio Tinto called for the dismissal of an SEC case against the mining giant. The suit had accused Rio of overstating the value of coal assets in Mozambique that it had bought in 2011.
STOCK SYMBOL: RIO
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Papa John's – Papa John's Chief Financial Officer Lance Tucker will leave the pizza chain in March to take the same position at restaurant operator Jack In The Box.
STOCK SYMBOL: PZZA
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Sanderson Farms – The poultry producer said supplies of antibiotic-free chicken are exceeding demand, which could hit the profits of poultry processors like Sanderson and rival Tyson Foods.
STOCK SYMBOL: SAFM
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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 Wednesday, January 17th, 2018! :)
Submitted January 17, 2018 at 08:49AM by bigbear0083 http://ift.tt/2DHNkay
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