Good morning traders of the r/StockMarket sub! Welcome to Monday! Here are your pre-market stock movers & news this morning-
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Frontrunning: February 12th
- President Donald Trump is expected to unveil today his second budget and infrastructure plan. The infrastructure proposal includes $200 billion in federal spending over 10 years, which would be paid for through cuts elsewhere in the budget. (CNBC)
- Trump's plan to overhaul US infrastructure faces steep hurdles (Reuters)
- Trump's immigration framework is likely to get a vote during the Senate's immigration debate this month but will face opposition from Dems. The plan offers a pathway to citizenship for DACA recipients in return for border security, a wall and cuts to family-based immigration. (Politico)
- Vice President Mike Pence reportedly said the U.S. is ready to hold talks with North Korea even as it continues to apply sanctions on the rogue state. Pence and the South Korea president agreed on a strategy during the vice president's Winter Olympics trip. (Washington Post)
- The Winter Olympics continued today with the women's snowboard slopestyle amid windy conditions. Only five of the 25 riders completed their first runs, including one American, Jamie Anderson. She led the field going into her second run. (USA Today)
- Here's the Olympic medal standing (2018 Winter Olympics)
- Emergency workers in Russia were searching for clues outside Moscow today, after a plane crash a day earlier killed all 71 people on board. Investigators are looking into whether weather conditions, human error and technical conditions played a role in the crash. (Reuters)
- New York's attorney general sued the Weinstein Company and Harvey Weinstein over the weekend. The civil suit alleges years of sexual harassment and misconduct by the movie producer and that the board repeatedly failed to protect employees. (Reuters)
- Tyson Foods (TSN) is having trouble selling some of its non-chicken business, according to a New York Post report. The paper said Tyson is trying to sell divisions whose products don't contain a large amount of protein.
- OxyContin maker Purdue Pharma said that it has cut its sales force in half and will stop promoting opioids to physicians. The move followed criticism of the way the drugmakers market addictive painkillers. (Reuters)
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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FRIDAY'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:
($AMAT $SHOP $BIDU $CSCO $UAA $ANET $WB $PEP $GRPN $FDC $KO $L $CGNX $DE $TWLO $SINA $APRN $IPGP $HIMX $MET $CYBR $ABX$MRO $CTL $WM $MZOR $INCY $ICPT $CNA $DO $FMC $TECK $QSR $PI $OHI $RPD $VIPS $NSP $KGC $CVE $FANG $CBS $SODA)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($FDC $L $CNA $DO $RPD $QSR $BWP $NSP $CRNT $PTN $NAT $USAC)
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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:
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TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- CSCO
- FDC
- SPWR
- RPD
- HD
- GD
- FMC
- LJPC
- DO
- CSRA
- PCLN
- L
- BWP
- ADAP
- QURE
- NSP
- PFG
- NTLA
- QSR
- EQT
- WWE
- MTW
- CNA
- RGNX
- TLT
- DSKE
- CRSP
- RPX.X
- TISI
- THC
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
CSRA – The information technology solutions company agreed to be bought by General Dynamics for $40.75 per share in cash. The deal is worth a total of $9.6 billion, including $2.8 billion in assumed debt.
STOCK SYMBOL: CSRA
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Restaurant Brands International – The parent of Popeyes, Tim Hortons, and Burger King earned an adjusted 66 cents per share for its latest quarter, 9 cents a share above estimates. Revenue fell short of forecasts, however. Comparable-restaurant sales edged higher by 0.1 percent compared to a year earlier.
STOCK SYMBOL: QSR
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First Data – The processor of credit card transactions matched forecasts with adjusted quarterly profit of 44 cents per share, while revenue was slightly above forecasts. First Data gave a lower-than-expected full-year forecast for 2018, however, noting significantly higher tax rates for this year compared to 2017.
STOCK SYMBOL: FDC
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21st Century Fox – Fox said it would maintain the Sky News operation for at least five years and establish an independent board for the news service. The pledge comes as part of Fox's attempt to buy the remaining 61 percent of Sky, the pay-TV operator that owns Sky News.
STOCK SYMBOL: FOXA
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Qualcomm – Qualcomm and Broadcom will meet on Wednesday to discuss Broadcom's $121 billion bid to buy its rival chipmaker, according to Reuters. This will be the first time the companies have held formal discussions about the deal, although Qualcomm last week said the latest bid still undervalues the company.
STOCK SYMBOL: QCOM
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Amazon.com – Amazon bought home security camera maker Blink last year in a bet on the company's energy-efficient chips, according to a Reuters report. The $90 million deal had less to do with the products, as analysts had originally thought.
STOCK SYMBOL: AMZN
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Ford Motor – Ford said it was boosting production targets for the Ford Expedition and Lincoln Navigator SUVs. It is aiming to increase production by 25 percent this year, saying it can sell every single vehicle it produces in the company's Louisville truck plant.
STOCK SYMBOL: F
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Alibaba – Alibaba signed a licensing agreement with Walt Disney that will let the online retailer's Youku video streaming platform offer Disney's collection of animated features.
STOCK SYMBOL: BABA
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Walt Disney – Disney raised prices for certain theme park tickets, with the biggest increase coming for peak single-day tickets. Single-day admissions will now cost $135, a nearly 9 percent increase, while some other tickets will rise by a smaller amount.
STOCK SYMBOL: DIS
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Tyson Foods – Tyson is having trouble selling some of its non-chicken business, according to a New York Post report. The paper said Tyson is trying to sell divisions whose products don't contain a large amount of protein.
STOCK SYMBOL: TSN
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Amgen – The biotech firm is reportedly searching for acquisitions using a $27 billion cash pile, but is having trouble finding targets according to the Financial Times. The paper said rising valuations in the life sciences sector are making it difficult to find attractively priced companies.
STOCK SYMBOL: AMGN
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VF Corp – VF Corp was upgraded to "buy" from "hold" at Stifel Nicolaus, which points to improving trends in the US and Europe for the maker of apparel brands like North Face, Lee, Wrangler, and Timberland.
STOCK SYMBOL: VFC
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Cisco Systems – The networking equipment maker was upgraded to "buy" at Nomura/Instinet, which cited recent contract wins for Cisco's webscale switches.
STOCK SYMBOL: CSCO
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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, February 12th, 2018! :)
Submitted February 12, 2018 at 08:27AM by bigbear0083 http://ift.tt/2EyGhUl
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