Tuesday, April 10, 2018

(4/10) - Tuesday's Pre-Market Stock Movers & News

Good morning traders of the r/StockMarket sub! Welcome to Tuesday! Here are your pre-market stock movers & news this morning-

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Frontrunning: April 10th

  • Chinese President Xi Jinping discussed plans to further open up the Chinese economy, including "significantly" lowering import tariffs for autos and decreasing duties on other products, during an address at a forum today.
  • Additionally, China filed a World Trade Organization complaintchallenging President Donald Trump's tariff hike on imported steel and aluminum, saying it violates international trade rules. China has requested 60 days of consultations with the U.S. (AP & CNBC)
  • Larry Kudlow bashes China for 'decades of misdeeds' on trade (CNBC)
  • Alibaba's Jack Ma urges Trump and Xi to back away from trade war (CNBC)
  • The FBI reportedly raided the NYC office and residence of Trump's personal attorney Michael Cohen. They were apparently seeking evidence related to the payment Cohen made to porn star Stormy Daniels on the eve of the 2016 presidential election.
  • In response to the report, Trump ripped into special counsel Robert Mueller's investigation, calling it a" disgraceful situation, it's a total witch hunt." The FBI searched Cohen's office after receiving a referral from the special counsel. (Washington Post & CNBC)
  • Manafort moves to suppress evidence seized from his home (Politico)
  • Mueller investigating $150,000 a Ukrainian billionaire gave Trump's foundation (NY Times)
  • The nonpartisan Congressional Budget Office forecast that the new tax law will generate an average of 0.7 percent growth over the decade and create 1.1 million jobs. However, the federal debt is primed to explode to $1.6 trillion, they said. (CNBC)
  • Yellen and other economists say tax cuts are blowing up the budget (Washington Post)
  • Members of the National Guard have started arriving at the U.S.-Mexico border. Three GOP governors committed 1,600 Guard members to the border, giving Trump many of the troops he requested to fight what he's called a crisis of migrant crossings. (AP)
  • Multiple fatalities were confirmed after a small airplane crashed last night on the TPC Scottsdale Champions Course in Arizona, Phoenix. The FAA said initial information from the scene indicated five people were on board. (USA Today)
  • FIFA received a mysterious $25 billion bid from the Middle East and Asia for control over two tournaments, The New York Times reported. That comes as FIFA's attempts to raise revenues for the global soccer body ahead FIFA President Gianni Infantino's possible reelection.
  • Deutsche Bank's Chairman Paul Achleitner said outgoing CEO John Cryan was taking too long to revamp and revive the German lender. Cryan was replaced with Christian Sewing, the senior German head of its retail bank. (CNBC)
  • Toy maker Mattel announced that it is closing its New York office, affecting roughly 100 employees. The move, which will take place in phases throughout the rest of the year, is part of a previously announced $650 million cost savings plan. (CNBC)
  • France is entitled to bring criminal proceedings against local managers of Uber for running an illegal taxi service, an EU court ruled. The case concerned the ride-hailing app's use of unlicensed drivers as part of its UberPOP service in France. (Reuters)

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:

($JPM $C $RAD $WFC $DAL $BLK $BBBY $FAST $MSM $PNC $OZRK $APOG $SMPL $FRC $FHN $INFY $SLP $CBSH $SJR $EXFO $LAYN$NTIC$TISA $DPW $HQCL $DGLY)

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

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

(N/A)

([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!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • WATT
  • ZS
  • GS
  • ZYNE
  • PAY
  • USO
  • SNX
  • IBM
  • TEN
  • MSM
  • DWT
  • MTG
  • STM
  • HSY
  • COHR
  • RDN
  • UWT
  • IEP
  • GUSH
  • FXI
  • USG
  • KPTI
  • ITW
  • VRTU
  • MT
  • COG
  • XOM
  • LGIH
  • JPM
  • ETN

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Goldman Sachs – The investment firm was rated "outperform" in new coverage at Bernstein, which notes that strategic growth businesses such as investment banking have taken over from trading as a primary driver of revenue. At the same time, Bernstein rates Morgan Stanley "underperform", pointing to a slowdown in lending revenue growth among other factors.

STOCK SYMBOL: GS

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Nvidia – The graphics chipmaker's stock was upgraded to "overweight" from "equal-weight" at Morgan Stanley, based in part on long term data investment trends.

STOCK SYMBOL: NVDA

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Philip Morris International – The tobacco producer's stock was rated "buy" in new coverage at Deutsche Bank, based on potentially higher cash returns for investors.

STOCK SYMBOL: PM

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Tenneco – The vehicle systems maker is buying powertrain systems maker Federal-Mogul from Icahn Enterprises for $5.4 billion in cash and stock. Tenneco, a maker of vehicle systems, plans to separate the combined businesses into two separate publicly traded companies.

STOCK SYMBOL: TEN

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Nike – The athletic footwear and apparel maker announced the acquisition of Tel Aviv-based Invertex for an undisclosed amount. Invertex makes software that scans a customer's body for proper product sizing.

STOCK SYMBOL: NKE

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Tupperware – The company lowered current quarter earnings and revenue guidance below current Wall Street consensus. The maker of storage products and other home goods points to lower sales as well as a negative impact from the new tax law. However, CEO Rick Goings expressed confidence in how Tupperware's business would perform over the longer term.

STOCK SYMBOL: TUP

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United Continental – The airline reported a 6.5 percent increase in revenue passenger miles for March compared to a year earlier.

STOCK SYMBOL: UAL

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Verifone – Verifone agreed to be acquired by a group led by private equity firm Francisco Partners for $2.58 billion in cash. The price for the payments technology company works out to $23.04 per share, a 54 percent premium over Monday's close.

STOCK SYMBOL: PAY

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Novartis – Novartis will have a strengthened pipeline in gene therapy following its deal to acquire AveXis, according to a new report by credit rating agency Moody's. However, Moody's also said the deal will reduce the drug maker's financial flexibility.

STOCK SYMBOL: NVS

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McDonald's – McDonald's is expanding in Denmark, Sweden, Norway and Finland, announcing plans to open 200 restaurants in the region over the next 10 years. The restaurant chain says the expansion will boost the number of customers in those countries by a third.

STOCK SYMBOL: MCD

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Alphabet – Alphabet's Google unit appealed a ruling from an India court that found it guilty of "search bias," according to a Reuters report.

STOCK SYMBOL: GOOGL

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Facebook – Facebook CEO Mark Zuckerberg begins two days of Capitol Hill testimony on Tuesday over the social network's privacy practices.

STOCK SYMBOL: FB

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Tesla – National Transportation Safety Board Chairman Robert Sumwalt had a "constructive" conversation with Tesla CEO Elon Musk about the agency's examination of a fatal crash of a Tesla vehicle operating in Autopilot mode, according to an NTSB spokesman.

STOCK SYMBOL: TSLA

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Illinois Tool Works – Illinois Tool Works was added to the "Conviction Buy" list at Goldman Sachs. Goldman cites a number of positive factors for its recommendation of the manufacturing company's stock, including valuation.

STOCK SYMBOL: ITW

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Ulta Beauty – The cosmetics retailer was upgraded to "overweight" from "neutral" at Piper Jaffray, which cited a survey pointing to an reacceleration of spending on beauty products among teenagers.

STOCK SYMBOL: ULTA

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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 Tuesday, April 10th, 2018! :)



Submitted April 10, 2018 at 08:37AM by bigbear0083 https://ift.tt/2IGakb5
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