Good morning traders of the r/StockMarket sub! Welcome to Thursday! Here are your pre-market stock movers & news this morning-
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Frontrunning: March 15th
- Larry Kudlow, a CNBC senior contributor and longtime economist, will succeed Gary Cohn as President Donald Trump's top economic advisor. Kudlow told CNBC he got a call from the president on Tuesday night as he got into an Uber after dinner. (CNBC)
- Larry Kudlow: China 'has earned a tough response' (CNBC)
- Conor Lamb, a Democrat and former Marine, scored a razor-thin victory against Republican candidate Rick Saccone in a special House election in southwestern * * Pennsylvania. Saccone, who lost by 627 votes, may still contest the outcome. (NY Times)
- The Senate approved a bill to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the 2007-2009 global financial crisis. The draft legislation now heads to the House. (Reuters)
- Meanwhile, the House passed legislation to help schools and local law enforcement prevent gun violence. The bill would authorize federal grants to fund training, anonymous reporting systems, threat assessments, intervention teams and school and police coordination. (Reuters)
- 3 reasons Gen Z activists have changed the gun control conversation when no one else could (CNBC)
- Documents for the first time tie the Trump Organization to the continuing effort to silence former adult-film actress Stephanie Clifford, also known as Stormy Daniels, who said she had an affair with Trump, the Wall Street Journal reported.
- Toys R Us made official its liquidation this morning, filing documents with the bankruptcy court that will lead to the sale or closing of its roughly 800 U.S. stores. Still, the company may be able to salvage 200 stores to operate under the Toys R Us brand. (CNBC)
- IHeartMedia (IHRT), which has struggled with debt and falling revenue, filed for Chapter 11 bankruptcy today as the largest U.S. radio station owner reached an in-principle agreement with creditors to restructure its overwhelming debt load. (Reuters)
- Elizabeth Holmes, founder of embattled blood testing start-up Theranos, has been charged with massive fraud and has agreed to settle and pay a $500,000 fine. The SEC alleges that Theranos raised more than $700 million from late 2013 to 2015 while deceiving investors. (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($OSTK $AVGO $DDD $QD $ULTA $DKS $NVAX $SIG $DG $REV $CTRP $DSW $EGLT $TIF $CARA $VRAY $ADDYY $ACRS $KRO $HDS $ARLZ$AGEN $WSC $HTHT $EXPR $PETX $GLMD $BITA $NERV $JILL $SFIX $COUP $CLNE $TACO $EPZM $GERN $TNP $TLYS $HIBB $AXAS)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($DG $BITA $AGEN $JILL $BTG $SND $SUP $GCO $ADAP $ADT $IMOS $SELB $VICL $NEOS $HCAP $KPTI $AKG $ALBO $ESTE $HSGX $URGN$VBLT $SHEN $TLP)
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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:
- RKDA
- DG
- PTI
- DIA
- ALXN
- WSM
- TSLA
- NEOS
- ADAP
- DDD
- USO
- DJIA
- AMD
- ADBE
- GCO
- BB
- KPTI
- SPX
- BTC.X
- SHEN
- SLDB
- ADT
- CTWS
- JILL
- SUP
- OSTK
- MARK
- SDOW
- XNET
- CMCM
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Dollar General – The discount retailer matched forecasts with adjusted quarterly profit of $1.48 per share, while revenue was slightly below estimates. However, same-store sales increased by 3.3 percent, better than the 2.7 percent increase predicted by analysts surveyed by Thomson Reuters, and the company also announced an increase in its quarterly dividend to 29 cents per share from 26 cents.
STOCK SYMBOL: DG
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Williams-Sonoma – The company reported adjusted quarterly profit of $1.68 per share, seven cents above estimates, while the housewares retailer's revenue was slightly above forecasts. The company also gave strong full year earnings and revenue guidance.
STOCK SYMBOL: WSM
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Unilever – Unilever announced plans to leave its London headquarters and base itself solely in Rotterdam. The move is part of the consumer products giant's plan to end its dual parent company structure that has been in place for 88 years.
STOCK SYMBOL: UL
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Hasbro, Mattel – These and other toymakers remain on watch after Toys R Us announced it was closing its 735 U.S. stores after failing to find a buyer. The imminent closure had been widely reported earlier this week.
STOCK SYMBOL: HAS
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STOCK SYMBOL: MAT
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Genesco – The specialty retailer reported adjusted quarterly profit of $2.15 per share, beating estimates by six cents. Revenue was also above forecast, and a same-store sales increase of 1.0 percent was slightly above the 0.9 percent consensus forecast of analysts surveyed by Thomson Reuters.
STOCK SYMBOL: GCO
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ADT – The security systems maker lost an adjusted six cents per share for its latest quarter, after analysts predicted a profit of 10 cents per share. However, revenue did beat estimates, and the company gave an earnings outlook that was largely above Street forecasts.
STOCK SYMBOL: ADT
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Amazon.com – Amazon attracted more than five million new customers for its Prime service through its original video programming by early 2017, according to company documents seen by Reuters.
STOCK SYMBOL: AMZN
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Wells Fargo – Wells Fargo faces more legal trouble from US regulators, according to a Reuters report. Regulators are said to be preparing sanctions for the bank for receiving commissions on auto insurance policies that were forced on more than 500,000 drivers. Wells Fargo had earlier blamed a third party vendor for the issue.
STOCK SYMBOL: WFC
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Credit Suisse – Credit Suisse was sued by an investor, alleging misstatements about the inverse VIX product that lost 90 percent of its value in just a few hours last month during a stock market sell-off. The product was later taken off the market.
STOCK SYMBOL: CS
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AIG – AIG board member Samuel Mersamer – a representative of investor Carl Icahn – will not seek re-election to the insurance company's board at the May annual meeting.
STOCK SYMBOL: AIG
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Sears – Sears saw sales fall by almost a third during its latest quarter, declining to $4.4 billion from $6.1 billion a year earlier. Comparable store sales fell 18.1 percent at Sears stores and 12.2 percent at Kmart. Sears also announced $540 million in new loan agreements.
STOCK SYMBOL: SHLD
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Noodles & Co. – The restaurant chain said it expects comparable restaurant sales to grow this year after falling for the past three years.
STOCK SYMBOL: NDLS
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Barnes & Noble – Barnes & Noble is projecting better than expected earnings for fiscal 2019, with the book seller saying sales have improved and costs have dropped.
STOCK SYMBOL: BKS
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Tailored Brands – Tailored Brands reported a 2.5 percent comparable store sales increase for its latest quarter at its Men's Wearhouse division and 2.3 percent at Jos. A. Bank. Overall revenue was up a better than expected 8.4 percent.
STOCK SYMBOL: TLRD
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3D Systems – 3D Systems reported adjusted quarterly profit of five cents per share, compared to forecast of a breakeven quarter for the developer of 3D printing technology.
STOCK SYMBOL: DDD
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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 Thursday, March 15th, 2018! :)
Submitted March 15, 2018 at 08:33AM by bigbear0083 http://ift.tt/2tQqQD4
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