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: March 21st
- The suspect believed to be responsible for a series of bombings in Texas has been killed following a confrontation with Austin's Police SWAT team, police said this morning. Police warned to stay vigilant, suggesting there could be other suspect packages. (CNBC)
- The White House is reportedly planning to announce a plan to hit China with tariffs and other trade restrictions, but it's unclear whether it will unveil specific regulatory measures. The administration is seeking to target goods that are "meaningful to China." (Politico)
- President Donald Trump called Russian President Vladimir Putin yesterday to congratulate him on his re-election, The New York Times reported. The president reportedly did not bring up Russia's meddling in the 2016 presidential election or other issues.
- A New York state judge denied President Trump's request to dismiss a defamation lawsuit by a former "Apprentice" contest who claims he sexually groped her. Summer Zervos claimed Trump defamed her by branding her a liar after she went public. (CNBC)
- Lawmakers are working to finalize a massive federal spending bill to finance the government through September and prevent a government shutdown before funding runs out late Friday, even as an approaching winter storm threatened to snarl Washington. (Reuters)
- Airlines canceled more than 3,000 flights as an early spring nor'easter threatens to dump more than a foot of snow and bring high winds to parts of the Northeast. The storm today will be the fourth nor'easterthis month to affect the region. (CNBC & Weather Channel)
- Republican Sen. Jeff Flake has begged President Trump not to fire Robert Mueller, the special counsel in charge of the Russia probe. The Arizona Republican also warned that impeachment is "our only constitutional remedy" if he does. (CNBC)
- Democratic Rep. Dan Lipinski won the nationally watched congressional primary in Illinois against businesswoman Marie Newman, according to the Associated Press. Newman said she would not concede until all the votes were counted.
- Insurers are racing to develop coverage for driverless cars as federal investigators examine a pedestrian fatality involving a self-driving Uber vehicle. Car insurers bring in more than $200 billion in premiums a year, but some say that intake could evaporate in coming decades. (WSJ)
- Former Uber CEO has a new gig leading a real-estate start-up (Recode)
- Lt. Col. Ralph Peters chose not to renew his contract with Fox News as a contributor. In an email to his colleagues, the former Army veteran said he was "ashamed" of working at the network and that it was a "propaganda machine." (Variety)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($MU $ORCL $FDX $NKE $PLCE $CSIQ $FIVE $HQY $DRI $WGO $DLTH $GIS $ACN $KBH $CHFS $EGO $SGH $SCON $MDWD $FCSC $MIK $JKS$GES $CAG $CCL $HTGM $LEJU $CTAS $HOME $CWCO $NOMD $ATTO $WPM $TGEN $AVGR $FSNN $CMC $OTIV $MLHR $JAG $CDOR)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($FDX $TCEHY $WGO $GIS $TGEN $RKDA $OTIV $ATU $LIQT $FVE $UQM $PQG $NBY $ARCO $DXPE $AIR $SCS $LAUR $LUNA $AKTX)
(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!)
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)
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 LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- FB
- TWTR
- CRM
- FDX
- GIS
- VUZI
- MULE
- WGO
- DWT
- AMZN
- ACXM
- NBRV
- TCEHY
- MFGP
- MON
- GLOG
- MSFT
- GBT
- HLF
- GES
- SCS
- IR
- WST
- WCG
- FIVE
- CVS
- YY
- FLXN
- WATT
- LRCX
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Winnebago – The recreational vehicle maker reported adjusted quarterly profit of 62 cents per share, 1 cent a share below estimates. Revenue beat forecasts, however, and the company said it saw an increase in sales growth, market share, and profit margin during the quarter.
STOCK SYMBOL: WGO
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General Mills – The food maker beat estimates by a penny a share, with adjusted quarterly profit of 79 cents per share. Revenue also came in above consensus. However, General Mills lowered its adjusted earnings growth forecast to flat to up one percent from the prior outlook for a three to four percent increase. The company cited increasing cost pressures.
STOCK SYMBOL: GIS
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Apple – The Wall Street Journal reports that executive Jimmy Iovine will transition into a consulting role in August and step back from daily involvement in the company's streaming music business. Separately, Apple has lost its formerly dominant position in the education marketplace to Alphabet's Google unit and Microsoft, according to a report in the Washington Post. Google is now shipping 60 percent of technology to schools, with Microsoft at 22 percent. Apple's iOS is at 12.3 percent, with the MacOS at 4.7 percent.
STOCK SYMBOL: AAPL
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Monsanto – The European Union approved the acquisition of the agricultural chemical company by Germany's Bayer, after Bayer agreed to a series of asset sales. The deal is still under review by U.S. officials.
STOCK SYMBOL: MON
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FedEx – FedEx reported adjusted quarterly profit of $3.72 per share, easily beating the consensus estimate of $3.11. The delivery company's revenue also beat forecasts on the strength of higher prices and an improving economy. Daily package volume was higher by six percent during the quarter compared to a year earlier.
STOCK SYMBOL: FDX
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MuleSoft – MuleSoft agreed to be bought by Salesforce.com for $44.89 per share in cash and stock, representing a 36 percent premium over the software company's Monday close. MuleSoft stock had risen during Tuesday's session on reports that a deal was near. The total value of the deal is $5.9 billion, excluding assumed debt.
STOCK SYMBOL: MULE
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Facebook – Facebook faces an investor lawsuit over the controversial use of its data that has hit its stock over the past two trading days. The lawsuit – filed in San Francisco federal court – comes from shareholders who said they suffered losses following the disclosure that U.K.-based Cambridge Analytica had improperly obtained user information.
STOCK SYMBOL: FB
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Nordstrom – Nordstrom has ended discussions with the retailer's founding family about taking the company private, after the two sides could not come to an agreement on price.
STOCK SYMBOL: JWN
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Tesla – The automaker's shareholders will vote today on CEO Elon Musk's compensation arrangement, based entirely on a rise in Tesla's market value over the next decade. Pension fund CalSTRS said it opposes the arrangement, saying the potential negative impact on shareholders is too large.
STOCK SYMBOL: TSLA
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Johnson & Johnson — Chief Financial Officer Dominic Caruso will retire in September after 19 years with the company. He'll be succeeded by vice president of investor relations Joseph Wolk.
STOCK SYMBOL: JNJ
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Steelcase – Steelcase reported quarterly profit of 24 cents per share, beating estimates by 8 cents a share. The office furniture maker's revenue also beat forecasts. Steelcase said its quarterly performance was better than it had anticipated, especially in the Americas and the Europe, Middle East, and Africa regions.
STOCK SYMBOL: SCS
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WellCare Health – The health insurer was upgraded to "outperform" from "market perform" at Wells Fargo, citing the company's progress in executing its multiyear plan to improve performance.
STOCK SYMBOL: WCG
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Match Group – Guggenheim downgraded Match to "neutral" from "buy," saying the price for the dating service's stock has reached premium levels and that it sees a lull in subscriber growth coming.
STOCK SYMBOL: MTCH
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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, March 21st, 2018! :)
Submitted March 21, 2018 at 08:28AM by bigbear0083 http://ift.tt/2pryS0q
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