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 18th
- President Donald Trump appeared to be ruling out rejoining the Trans-Pacific Partnership after recently indicating he would consider joining the Pacific trade pact. Trump said on Twitter in part, "I don't like the deal for the United States." (CNBC)
- Even if Trump wants to renegotiate the TPP, members may not bite: Official (CNBC)
- CIA Director Mike Pompeo, who was recently nominated to be the new secretary of state, met with North Korean leader Kim Jong Un before the widely anticipated summit with Trump, the president confirmed on Twitter this morning.
- Trump changed his mind about meeting with special counsel Robert Mueller after the FBI seizure of records from the president's personal attorney. The Washington Post reported Trump was deeply rattled and prompted him to renew efforts to hire more legal power.
- Trump reportedly grew angry when he saw on TV that his United Nations ambassador, Nikki Haley, announced that the president would impose fresh sanctions on Russia. However, the White House had not informed Haley he had changed course on sanctions. (NY Times)
- Fox News has given conservative commentator Sean Hannity "full support" as critics slam him for hiding a link to Trump's personal attorney Michael Cohen. A lawyer for Cohen revealed in court Hannity was Cohen's recent client. (CNBC)
- One person died after a Southwest flight en route from New York to Dallas made an emergency landing in Philadelphia after engine problems. Southwest said that it is accelerating its inspections of the engine type that was involved in the incident. (CNBC)
- Inside Southwest's fatal midair engine failure (WSJ)
- The blown Southwest jet engine showed 'metal fatigue' (AP)
- The IRS will give additional time to file and pay tax returns after the web page for paying tax bills using bank accounts crashed. The agency expects to receive 17 million returns this week, along with 14 million extension requests. (CNBC)
- Starbucks (SBUX) announced it will be closing all of its company-owned restaurants in the U.S. during the afternoon of May 29 to conduct a racial-bias education program. The company is under criticism after two black men were arrested as they sat in a coffee shop in Philadelphia. (CNBC)
- The Securities and Exchange Commission issued a subpoena to cryptocurrency company Riot Blockchain. A CNBC investigation in February found a number of red flags in the company's SEC filings that might make investors leery.
- Warner Bros. announced that Steven Spielberg is set to direct DC comics film "Blackhawk," marking the director's first foray into the DC universe. His most recent work was on another Warner Bros. film, the virtual reality film "Ready Player One." (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:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($NFLX $BAC $GE $LRCX $GS $UNH $IBM $JNJ $CLF $MTB $ABT $MS $ISRG $PGR $CMA $PG $AA $BX $AXP $ASML $MLNX $HON $UAL$FRED $NUE $SLB $PIR $DGX $URI $GSM $CE $CSX $GWW $WM $SEAC $NTRS $PNFP $KEY $WTC $USB $OMC $SKX $TXT $ETFC)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($LRCX $IBM $ISRG $ABT $MS $UAL $ASML $CSX $FRED $IBKR $USB $TXT $ADTN $HBHC $MTG $BMI $HCSG $FULT $HOPE $QCRH $UCFC$LTXB $CTO $UBNK $WSBC $MEEC)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
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:
([CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!]())
NONE.
TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- MS
- IBM
- LRCX
- EBAY
- RIOT
- ISRG
- LUV
- CALA
- ABT
- UAL
- SLV
- TXT
- AXP
- FCX
- USB
- SLDB
- MRVL
- NCLH
- AAOI
- ENTG
- FTNW
- HCSG
- FSLR
- AA
- DLTR
- CSCO
- GWPH
- RARE
- ARNC
- EXEL
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Morgan Stanley – The firm reported quarterly profit of $1.45 per share, 20 cents a share above estimates. Revenue also beat forecasts. CEO James Gorman said results were strong across all business and in all regions.
STOCK SYMBOL: MS
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Textron – The maker of the Bell Helicopter and Cessna aircraft brands reported quarterly profit of 72 cents per share, well above the consensus estimate of 48 cents a share. Revenue also topped forecasts. Separately, Textron announced the sale of its tools and test equipment business to Emerson Electric for $810 million.
STOCK SYMBOL: TXT
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IBM – IBM reported adjustedfirst-quarter profit of $2.45 per share, beating estimates by 3 cents a share. Revenue also exceeded forecasts, however shares are under pressure this morning after the company issued a lower-than-expected full-year profit forecast. Analysts say IBM's legacy hardware business is continuing to hurt growth and profit margins.
STOCK SYMBOL: IBM
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United Continental – United came in 10 cents a share ahead of estimates, with adjusted first-quarter profit of 50 cents per share. The airline's revenue came in marginally above forecasts. Higher passenger fares helped negate the effects of higher fuel prices and a series of winter storms.
STOCK SYMBOL: UAL
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CSX – CSX earned 78 cents per share for the first quarter, 12 cents a share ahead of consensus forecasts. The rail operator's revenue beat estimates, as well. The results were boosted by a substantial drop in its operating ratio, with expenses at 63.7 percent of revenue compared to 73.2 percent a year earlier.
STOCK SYMBOL: CSX
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Southwest Airlines – Southwest remains on watch following Tuesday's accident that killed one passenger. The airline said it would fully cooperate with the Federal Aviation Administration and the National Transportation Safety Board as those agencies investigate the accident.
STOCK SYMBOL: LUV
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Amazon.com – Amazon announced a new international shopping feature that allows customers from around the world to shop for items shipped from the United States. Amazon will offer a variety of shipping and currency options. Separately, Amazon and Best Buy are teaming up to sell Amazon Fire-powered smart TVs.
STOCK SYMBOL: AMZN
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Tesla – Tesla wants to ramp up Model 3 production to 6,000 cars per week by the end of June, according to auto news website Electrek citing a letter to employees from CEO Elon Musk.
STOCK SYMBOL: TSLA
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Intuitive Surgical – The company reported adjusted quarterly profit of $2.44 per share, beating the consensus estimate of $2.07 a share. The medical device maker's revenue was well above forecasts, on increasing sales of its da Vinci robotic surgical device.
STOCK SYMBOL: ISRG
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Norwegian Cruise Line – Deutsche Bank upgraded the cruise line operator's stock to "buy" from "hold," pointing to several positive factors including the possible initiation of a dividend and a closing of the valuation gap with rival Royal Caribbean.
STOCK SYMBOL: NCLH
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EBay – Morgan Stanley gave the online marketplace a double upgrade, raising its rating to "overweight" from "underweight." Morgan Stanley bases its call on increasing ad revenue as well as higher volume driven by eBay's new payments system.
STOCK SYMBOL: EBAY
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Lam Research – Lam earned an adjusted $4.79 per share for its latest quarter, 41 cents a share above estimates. The manufacturer of chipmaking equipment saw revenue match forecasts, and it gave stronger-than-expected guidance for the current quarter.
STOCK SYMBOL: LRCX
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VMWare — Activist investor Carl Icahn has taken a stake in VMWare, according to sources. The stake in the cloud computing company is described as "medium-sized" and Icahn's intentions are unclear.
STOCK SYMBOL: VMW
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Ethan Allen – Ethan Allen expects to have higher marketing costs and delayed deliveries for its third quarter, resulting in lower than expected earnings for the furniture retailer.
STOCK SYMBOL: ETH
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Riot Blockchain — The Securities and Exchange Commission has issued a subpoena to the cryptocurrency company whose stock skyrocketed after changing its name, the company said on Tuesday.
STOCK SYMBOL: RIOT
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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 18th, 2018! :)
Submitted April 18, 2018 at 08:33AM by bigbear0083 https://ift.tt/2qFly98
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