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: April 11th
- President Trump "certainly believes he has the power" to fire special counsel Robert Mueller, the White House said, an indication administration officials have discussed the notion. (CNBC)
- Can Trump really fire special counsel Mueller? (CNBC)
- Trump had apparently demanded Mueller's ouster in December (NY Times)
- Porn star Stormy Daniels is cooperating with federal authorities investigating the $130,000 hush-money payment Trump's lawyer Michael Cohen paid her just before the 2016 election, NBC News reported.
- Trump on Tuesday privately signed a broad executive order urging a revamp of federal government aid programs. It requires that more participants prove they are working or trying to find jobs. (WSJ)
- European Commission investigators raided Twenty-First Century Fox's (FOXA) London office. The raid comes amid Fox's drawn out takeover of Sky, which has fallen under intense scrutiny by regulators. (Telegraph)
- CVS Health (CVS) wants to make it easier for its pharmacists to find patients less costly drugs. The drugstore chain is introducing a systemto check for less expensive alternatives, higher quantities at lower costs, and discounts. (CNBC)
- CBS (CBS) chief Leslie Moonves may be an obstacle to a potential purchase of Viacom (VIAB). Moonves, who would run the combined firm, apparently doesn't want Viacom * * * CEO Bob Bakish as his lieutenant. (Reuters)
- Tesla's (TSLA) Elon Musk is calling out Goldman Sachs (GS) after the bank encouraged investors to sell the electric automaker's stock. "Place your bets," Musk quipped on Twitter. (CNBC)
- At least 100 people were killed when an Algerian military plane crashedshortly after takeoff today. The Soviet-designed Ilyushin Il-76 aircraft had been headed for Bechar in southwestern Algeria. (USA Today)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($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)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
(N/A)
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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:
- SPY
- NFLX
- DJIA
- BAC
- TXMD
- S
- GLD
- CBAY
- FAST
- BBBY
- JBLU
- SPX
- JPM
- QQQ
- TVIX
- NUGT
- SPPI
- HQCL
- EBAY
- ARWR
- DRIP
- NOK
- AMG
- DWT
- AU
- HP
- JNUG
- NKTR
- TMUS
- TORC
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
General Electric – In a new report, Cowen recommends avoiding GE stock ahead of an upcoming restatement of earnings and its first quarter report scheduled for Apr. 20. Cowen feels a first-quarter earnings miss is "probable," and doesn't feel the already-cut dividend is necessarily safe.
STOCK SYMBOL: GE
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Facebook – CEO Mark Zuckerberg will be back on Capitol Hill Wednesday for a second day of testimony before lawmakers, this time appearing before the House Energy & Commerce Committee. Facebook saw its best one-day gain in nearly two years Tuesday on positive investor reaction to Zuckerberg's Senate appearance.
STOCK SYMBOL: FB
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CBS – CBS CEO Leslie Moonves may be an obstacle to a potential purchase of Viacom, according to a Reuters report, which said controlling shareholder Shari Redstone wants Moonves to run the combined company with Viacom CEO Bob Bakish as his No. 2. Moonves is said to be resisting that idea.
STOCK SYMBOL: CBS
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Fiat Chrysler – Fiat Chrysler is in talks with the Justice Department to settle accusations that the automaker used software to skirt diesel emissions requirements in vehicles sold since 2014. A Fiat Chrysler lawyer said a settlement is likely to be reached during the summer.
STOCK SYMBOL: FCAU
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Newell Brands – Activist investor Starboard Value will seek four board seats at Newell, according to an SEC filing. Investor Carl Icahn already has four board seats at Newell, but Starboard said even more work is need to be done to set the company on the right course.
STOCK SYMBOL: NWL
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USG – USG shareholders are being urged by Germany's Gebr Knauf to pressure the building materials maker to engage in deal talks. USG rebuffed a $5.9 billion bid by its German rival in late March.
STOCK SYMBOL: USG
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Alexion Pharmaceuticals – Alexion is offering $788 million for Swedish drug maker Wilson Therapeutics. Directors at Wilson, which specializes in treatments for rare diseases, have unanimously recommended that shareholders accept the offer.
STOCK SYMBOL: ALXN
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Hilton Worldwide – Hilton priced a secondary offering at $73 per share. A seller linked to China's HNA Group – Hilton's largest shareholder – is selling the shares, and the hotel operator is not receiving any proceeds from the sale.
STOCK SYMBOL: HLT
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Analogic – Analogic will be bought by private equity firm Altaris Capital Partners in a $1.1 billion deal worth $84 per share in cash. The price is below Tuesday's close of $96.05, but above where it was last June when the maker of medical imaging and security screening systems said it was exploring strategic alternatives.
STOCK SYMBOL: ALOG
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Mattel – The toymaker's stock was upgraded to "hold" from "underperform" at Jefferies, saying near term risks for the toy maker are known and priced into the stock, but Jefferies also said its confidence in a longer term recovery is low.
STOCK SYMBOL: MAT
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Altice USA – The cable operator was rated "outperform" in new coverage at Evercore, which cited cost discipline and healthy free cash flow among the positive factors for the stock.
STOCK SYMBOL: ATUS
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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, April 11th, 2018! :)
Submitted April 11, 2018 at 08:44AM by bigbear0083 https://ift.tt/2JENdPI
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