Wednesday, February 21, 2018

(2/21) - Wednesday's Pre-Market Stock Movers & News

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: February 21st

  • President Donald Trump said he has recommended that "bump stocks," devices that let semi-automatic weapons fire hundreds of rounds per minute," be banned. * His announcement came six days after a gunman killed 17 people at a high school in Parkland, Florida. (CNBC)
  • Guns, 'Me Too' may drown out tax cuts as midterm issue (CNBC)
  • Colorado congressman booed as people demand action on guns (AP)
  • Two-thirds of voters support tougher gun control after Florida: Poll(CNBC)
  • An attorney who is the son-in-law of a Russian oligarch pleaded guilty to lying to federal authorities investigating alleged links between the Trump campaign and Russia. Alex van der Zwaan admitted to making false or misleading statements regarding email communications with Richard Gates and Paul Manafort. (CNBC)
  • Here are all the people charged in special counsel Robert Mueller's Russia probe (CNBC)
  • North Korea reportedly backed out of a meeting with Vice President Mike Pence during the Winter Games. Pence was reportedly prepared to meet the sister of North Korean leader Kim Jong Un but North Korean officials balked at the last minute. (USA Today)
  • Donald Trump Jr. dismissed any suggestion that his family has profited from his father's presidency, calling it "nonsense." President Trump's eldest son made his remark in India while promoting Trump branded real estate deals. (Washington Post)
  • Trump son-in-law unaffected by security clearance crackdown: White House (USA Today)
  • The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific's fastest-growing economies was releasedtoday, signalling the pact was a step closer to reality even without the U.S. (Reuters)
  • The FCC is expected to publish tomorrow its December order overturning the landmark Obama-era net neutrality rule, sources tell Reuters. That means state attorneys and advocacy groups will be able to sue in a bid to block the order.
  • White House considers allowing more Americans to erase student debt (WSJ)
  • The Dallas Mavericks are investigating sexual misconduct claims detailed in a scathing Sports Illustrated story about ex-team president and CEO Terdema Ussery. * The allegations against Ussery include making requests for sex and touching women's legs during meetings.
  • E-commerce giant Amazon (AMZN) quietly launched an exclusive line of over-the-counter health products that include products ranging from ibuprofen to hair regrowth treatment. The line is a possible challenge to pharmacy retail chains. (CNBC)
  • Apple (AAPL) is in talks to buy cobalt supplies for its iPhone batteries directly from miners, according to a Bloomberg report. Cobalt prices have been surging due to increasing demand for the lithium ion batteries used in electric vehicles.
  • Tesla's (TSLA) cloud system was hijacked by hackers who used it to mine cryptocurrency, researchers say. Cryptocurrency mining is a process whereby miners solve complex mathematical problems to validate a transaction and add it to the underlying network. (CNBC)
  • Jessie Diggins and Kikkan Randall became the first U.S. cross-country skiers to gain a gold medal by winning the women's team sprint during the Winter Games, ending a 42-year Olympic medal drought for America. Here's the medal count. (NBC Olympics)

STOCK FUTURES NOW:

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YESTERDAY'S MARKET HEAT MAP:

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YESTERDAY'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:

($WMT $HD $ROKU $DPZ $CHK $OLED $AAOI $MGM $MDT $UCTT $FSLR $TTD $DUK $EXAS $SIX $P $STMP $TREE $CBRL $AAP $RIG $CTB$WLL $NBL $LNG $HLX $WLK $TPH $WAB $W $OC $APA $DVN $GRMN $HFC $GPC $SO $EGN $HSIC $LC $ECL $MOS $SLCA $DLPH $CAR)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($AAP $LNG $GRMN $OC $SLCA $HFC $SO $DISH $DLPH $MDR $NM $TTS $WEX $MNTA $VG $AIMC $UTHR $JELD $WWW $KNOP $NEO$RUTH $CNDT $MDCO $SUMR $AVA $BPMC $DX $CGEN $MRT $KL $IPHS)

(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!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #4!)

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!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • SO
  • GRMN
  • ROKU
  • P
  • AAP
  • HFC
  • MDXG
  • WEX
  • TTS
  • NEO
  • OC
  • XTNT
  • VIV
  • DISH
  • BYD
  • MDR
  • PCLN
  • ACXM
  • WWW
  • VPG
  • RUTH
  • AIMC
  • SLCA
  • KND
  • UTHR
  • MOS
  • CRM
  • JACK
  • RCII
  • LZB

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Garmin – The GPS and fitness device maker reported adjusted quarterly profit of 79 cents per share, 4 cents a share above estimates. Revenue also beat forecasts. The quarter was highlighted by strong growth in its marine and outdoor segments.

STOCK SYMBOL: GRMN

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Dish Network – The satellite TV provider reported a net increase in subscribers of about 39,000 for the fourth quarter compared to a year earlier, including 75,000 reactivations in the hurricane-hit Puerto Rico and U.S. Virgin Islands.

STOCK SYMBOL: DISH

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Advance Auto Parts – The auto parts retailer came in 14 cents a share above forecasts, with adjusted quarterly profit of 77 cents per share. Revenue also topped analysts' expectations. The company said it is pleased with its performance given what it calls a difficult sales environment.

STOCK SYMBOL: AAP

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Foot Locker – Foot Locker increased its quarterly dividend by 11 percent to 34.5 cents per share, and the athletic apparel and footwear retailer also announced a new $230 million capital expenditure program for 2018.

STOCK SYMBOL: FL

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LendingClub – LendingClub reported adjusted quarterly profit of 1 cent per share, missing the consensus estimate by a penny a share. The online lender also saw revenue come in below estimates amid increased loan origination and servicing expenses.

STOCK SYMBOL: LC

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Boyd Gaming – Boyd Gaming came in 5 cents a share shy of estimates, with adjusted quarterly profit of 22 cents per share. The casino operator's revenue also came up short of forecasts, primarily due to a shortfall in the Las Vegas market.

STOCK SYMBOL: BYD

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General Motors – GM proposed a $2.8 billion investment into its South Korean operations over the next decade, according to a South Korean government official, and has asked the government to contribute to the investment. The automaker recently announced plans to close one of its four South Korea plants and evaluate the future of the other three.

STOCK SYMBOL: GM

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Apple – Apple is in talks to buy cobalt supplies for its iPhone batteries directly from miners, according to a Bloomberg report. Cobalt prices have been surging due to increasing demand for the lithium ion batteries used in electric vehicles.

STOCK SYMBOL: AAPL

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Lockheed Martin — Japan will buy at least 20 more of Lockheed's F-35A stealth fighters over the next six years, according to sources quoted by Reuters.

STOCK SYMBOL: LMT

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Walmart – A story in this morning's New York Post speculates that Walmart.com CEO Marc Lore may be preparing to leave the retailer. Sources are noting cutbacks for the jet.com unit – which Lore founded before it was bought by Walmart – and the fact that Lore was not on a conference call regarding the company's digital future.

STOCK SYMBOL: WMT

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3M – 3M settled a water pollution lawsuit with the state of Minnesota, agreeing to pay $850 million to the state for various groundwater projects. The state had been seeking at least $5 billion in damages related to the disposal of chemicals in the Minneapolis-St. Paul area.

STOCK SYMBOL: MMM

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La-Z-Boy – La-Z-Boy reported adjusted quarterly profit of 51 cents per share, beating estimates by 5 cents a share. The furniture retailer's revenue also beat forecasts. The company noted that same-store sales increased for the fourth consecutive quarter.

STOCK SYMBOL: LZB

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Texas Roadhouse – Texas Roadhouse came in 3 cents a share ahead of consensus estimates, with quarterly profit of 40 cents per share. The restaurant chain's revenue matched Street forecasts. Texas Roadhouse saw comparable-restaurant sales increase for the 32nd straight quarter.

STOCK SYMBOL: TXRH

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Rent-A-Center – Rent-A-Center lost 41 cents per share for its latest quarter, wider than the 7 cent a share loss that analysts were expecting. The rent-to-own company's revenue was also short of estimates, and the company said it was in the process of targeting significant cost-saving opportunities.

STOCK SYMBOL: RCII

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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, February 21st, 2018! :)



Submitted February 21, 2018 at 08:58AM by bigbear0083 http://ift.tt/2sKC6QM

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