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 24
- Trump Team at Davos Backs Weaker Dollar, Sharpens Trade War Talk (BBG)
- Dollar skids to three-year low as Mnuchin welcomes currency weakness (Reuters)
- State Tax Workarounds Could Mean $154 Billion Lost to Treasury (BBG)
- Truck Shortage Forces Firms to Cut Shipments or Pay Up (WSJ)
- Dalio Warns That Rise in Yields Could Spark Bond Crash (BBG)
- Great Ormond Street to return donations from men-only dinner (FT)
- Amazon agrees to turn over third-party seller data (CNBC)
- This Is Why the Pentagon Isn’t Happy With the F-35 (BBG
- Founder and Protégé Clash, Pushing Och-Ziff Into Crisis (WSJ)
- GE posts $10 billion loss as quarterly revenue drops 5 percent (Reuters)
- Beleaguered GE Sticks to Full-Year Profit Forecast (BBG)
- Comcast tops profit estimates even as it sheds video subscribers (Reuters)
- Carles Puigdemont has right to lead local government: Catalan parliament speaker (Reuters)
- Mexico’s drug cartels, now hooked on fuel, cripple nation’s refineries (Reuters)
- Trump’s Wall May Not Be a Big Obstacle in Immigration Debate (BBG)
- Brazil braces for ruling that could bar Lula from 2018 race (Reuters)
- New Life for Kushners’ Troubled N.J. Towers After Meeting With Mayor (BBG)
- If You Drink Coffee in California, Be Warned: It May Cause Cancer (WSJ)
- Toys "R" Us says to shut a fifth of its U.S. stores (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($NFLX $GE $HAL $INTC $CAT $LRCX $JNJ $CELG $VZ $F $CLF $PG $STM $ISRG $ABT $PETS $FCX $WDC $AAL $MMM $TXN $UAL$RTN$BIIB$LUV $CMCSA $KMB $ALK $UTX $CBU $SBUX $BOH $AMTD $JBL $WYNN $URI $BMRC $HON $SWK $ITW $PGR $OPB $STT $TRV)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($GE $ABT $UTX $CMCSA $SWK $ITW $GD $PGR $RCL $GWW $RES $NVS $ROK $NSC $NHGE $NTRS $APH $TEL $MPX $CVLT $USAP $ROL$AUDC $BOKF $HZO $PB $CPF)
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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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!)
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
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THIS MORNING'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- VRX
- GE
- CMCSA
- TXN
- UAL
- GLD
- QCOM
- PBYI
- CERS
- DGAZ
- CREE
- SLV
- NVS
- UTX
- SPY
- JNUG
- MDR
- SBUX
- UUP
- AG
- GDX
- RES
- RCL
- MPX
- MAT
- ROK
- AMZN
- NUGT
- GD
- USLV
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Comcast – The NBCUniversal and CNBC parent reported adjusted fourth-quarter profit of 49 cents per share, 2 cents a share above estimates. Revenue topped forecasts, as well, and Comcast announced a 21 percent dividend increase. The company also said it would repurchase at least $5 billion in stock this year.
STOCK SYMBOL: CMCSA
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General Electric – GE fell 2 cents a share shy of estimates, with adjusted quarterly profit of 27 cents per share. Revenue also missed expectations, however GE said its cash flow was improving and it gave an earnings forecast for 2018 that falls largely above Street forecasts.
STOCK SYMBOL: GE
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United Technologies – The defense contractor reported fourth-quarter profit of $1.60 per share, beating estimates by 4 cents a share. Revenue also beat consensus and United Tech said its organic sales growth in 2017 was its fastest in three years.
STOCK SYMBOL: UTX
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Stanley Black & Decker – The tool maker came in 4 cents a share above estimates at an adjusted $2.18 per share. Revenue also beat forecasts and the company made upbeat comments about this year as it integrates recent acquisitions.
STOCK SYMBOL: SWK
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Valeant Pharmaceuticals – Goldman Sachs initiated coverage on the drugmaker with a "sell" rating. Goldman said Valeant has made progress in executing growth initiatives, reducing debt, and moving past legal issues, but adds that Valeant still faces litigation risk and a highly levered balance sheet.
STOCK SYMBOL: VRX
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United Continental – United reported adjusted quarterly profit of $1.40 per share, 6 cents a share above estimates. The United Airlines parent's revenue came in just slightly above forecasts, however the shares are under pressure after United said it planned to increase capacity in a move which could impact its profit margins by keeping price wars in place. That's hurting shares of other airline stocks like Delta Air Lines, JetBlue, American Airlines Group, and Southwest Airlines.
STOCK SYMBOL: UAL
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Wells Fargo — The bank increased its share buyback program by 350 million shares.
STOCK SYMBOL: WFC
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Texas Instruments – Texas Instruments matched Street forecasts, with adjusted quarterly profit of $1.09 per share. Revenue was in line with forecasts, as well. Revenue growth was the slowest in four quarters amid expectations that increasing demand for automotive-related chips would drive growth.
STOCK SYMBOL: TXN
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Sirius XM – Sirius XM added $2 billion to its stock buyback program, bringing the satellite radio operator's buyback program to a total of $12 billion since it was begun in 2013.
STOCK SYMBOL: SIRI
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Valero Energy – The energy producer increased its quarterly dividend to 80 cents per share from 70 cents, and also approved a stock buyback program worth up to $2.5 billion.
STOCK SYMBOL: VLO
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Capital One – Capital One reported adjusted quarterly earnings of $1.59 per share, missing the consensus estimate of $1.88 a share. The credit card issuer's revenue was slightly below forecasts. Results were impacted by credit losses, and the company reported an overall loss on a $1.77 billion charge related to the recent tax law change.
STOCK SYMBOL: COF
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Cree – Cree lost 1 cent per share for its latest quarter, compared to expectations of a 1 cent per share profit. The maker of lighting products did see revenue beat forecasts. The company said strategic moves are beginning to take hold and that it sees meaningful upside in future results.
STOCK SYMBOL: CREE
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Qualcomm – The chipmaker was hit with a $1.2 billion fine by European regulators for paying Apple to exclusively use Qualcomm chips in its products.
STOCK SYMBOL: QCOM
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Facebook – Facebook bought Boston-based Confirm for an undisclosed amount. Confirm specializes in identification authentication technology.
STOCK SYMBOL: FB
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Microsoft – Microsoft was rated "buy" in new coverage at Nomura/Instinet, saying the software giant is poised to benefit from the business world's digital transformation trend.
STOCK SYMBOL: MSFT
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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 24th, 2018! :)
Submitted January 24, 2018 at 08:46AM by bigbear0083 http://ift.tt/2Dwt9LU
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