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: April 19th
- President Donald Trump said that he would scrap a planned meeting with North Korean leader Kim Jong Un if he feels it's "not going to be fruitful." The president said that CIA Director Mike Pompeo and Kim "got along really well" in their recent secret meeting. (AP)
- South Korea confirms talks to formally end war with the North (NY Times)
- China said it is well prepared to handle any poor effects from its trade dispute with the Trump administration, adding that its tariff hikes on United States imports will not have a big impact overall on its domestic industries. (Reuters)
- Trump and Japan's Abe agree to intensify trade talks (Reuters)
- Manufacturers fear uneven penalties from China tariffs (WSJ)
- Trump said he's been transparent with Robert Mueller's investigation into his campaign's ties to Russia but the president refused to say whether he would ever fire the special counsel. Trump told reporters that Mueller is "still here." (USA Today)
- New York Attorney General Eric Schneiderman, who is apparently teaming up with Mueller, asked state legislators to eliminate a loopholethat could let recipients of pardons for federal crimes from Trump avoid state criminal charges. (CNBC)
- California reached a deal with the Trump administration to provide National Guard troops to combat drug smugglers, criminal gangs, human traffickers and illegal firearms within the state and at the U.S.-Mexico border. (Reuters)
- Puerto Rico suffered an island-wide power outage, a catastrophic failure that could take up to 36 hours to restore. It happened only hours after authorities boasted that less than 3 percent of its customers remained without power after Hurricane Maria. (NY Times)
- The Pentagon announced Lockheed Martin (LMT) secured a $928 million contract to build an undefined number of hypersonic conventional strike weapons. A hypersonic weapon is a missile that travels at Mach 5 or higher. (CNBC)
- The FAA will order inspections of jet engines after investigators said a broken fan blade touched off an explosion on a Southwest flight. Regulators last year proposed more rigorous testing of the type of engine that exploded on a Southwest flight Tuesday. (NY Post & CNBC)
- Time Warner (TWX) CEO Jeffrey Bewkes in federal court vigorously defended his company's $85.4 billion merger with AT&T (T). The Justice Department sued to stop the blockbuster deal in November. AT&T chief Randall Stephenson is expected to testify as soon today. (NY Times)
- Martin Shkreli, who was convicted of defrauding hedge-fund investors and manipulating the stock of his former firm, was sent to federal prison to serve the remainder of his seven-year sentence after being denied his request for a minimum-security federal camp. (CNBC)
- Billionaire Stanley Druckenmiller and Fed chair runner-up Kevin Warsh invested in a cryptocurrency project called Basis. Bain Capital Ventures said it led the $133 million private placement in Basis, which was its first purchase of tokens. (CNBC)
- Nike's (NKE) vice president of footwear, Greg Thompson, has left the company, the latest in a series of executive departures at the sportswear maker. Nike's vice president of diversity and inclusion, Antoine Andrews, left earlier this week. (Reuters)
- Amazon (AMZN) CEO Jeff Bezos disclosed in his annual shareholder letter that the company's Prime service now exceeds 100 million members worldwide. In 2017 alone, Amazon added more Prime members than any prior year. (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($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 $ETFC)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($BX $NUE $TSM $GWW $DGX $KEY $PPG $BK $BBT $DHR $NVS $PM $ABB $SNA $ADS $GPC $WBC $HOMB $SASR $PNR $NVR $SON $TTS$PBCT $MDSO $GTLS $GATX $LAWS $POOL $CTG $EWBC $SYNT $WBS $ECOM $STBA $CPSS $SBNY $AMRB $NURO)
(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:
- AMD
- AAPL
- NVDA
- QCOM
- PG
- TSM
- XTNT
- ADS
- AA
- SHPG
- BX
- BK
- ESCA
- V
- WBC
- LAWS
- NVS
- PM
- WBS
- MAIN
- ACET
- KEY
- POOL
- NVCR
- UWT
- PNR
- DGX
- CEO
- RIG
- SIEN
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Procter & Gamble – Procter & Gamble earned an adjusted $1 per share for its third quarter, 2 cents a share above estimates. Revenue also exceeded forecasts. Its beauty and homecare businesses were among the units that did well during the quarter. Separately, the consumer products giant is buying the consumer health business of Germany's Merck (unrelated to the U.S. company of the same name) for about $4.2 billion.
STOCK SYMBOL: PG
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Blackstone – The private-equity firm beat estimates by 20 cents a share, with adjusted economic net income of 65 cents per share. Revenue was well above estimates, as well. Blackstone also added $1 billion to its stock buyback program and declared a special dividend.
STOCK SYMBOL: BX
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BB&T – The regional bank reported adjusted quarterly profit of 97 cents per share, beating Street forecasts by 5 cents a share. Revenue was essentially in line, and its profit nearly doubled from a year before.
STOCK SYMBOL: BBT
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Bank of New York Mellon – The bank came in well above forecasts, with quarterly profit of $1.10 per share. Consensus forecasts had predicted earnings of 96 cents a share. Results were helped by a boost in fee revenue from asset servicing.
STOCK SYMBOL: BK
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21st Century Fox – Fox rejected Comcast's bid for its entertainment assets because of antitrust concerns, according to a regulatory filing. Comcast's bid was 16 percent higher than the price that Walt Disney is paying for those assets.
STOCK SYMBOL: FOXA
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Southwest Airlines – Southwest had disagreements with engine maker CFM over proposed inspections after a 2016 accident, according to public documents. Separately, the FAA is ordering about 220 engines be inspected after the engine explosion that caused one fatality on a Southwest flight this week.
STOCK SYMBOL: LUV
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Qualcomm – Qualcomm began layoffs as part of its effort to cut $1 billion in costs. Separately, China's antitrust regulator said the chip maker's proposed deal to acquire NXP Semiconductors for $44 billion has issues that are "hard to resolve."
STOCK SYMBOL: QCOM
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American Express – American Express reported quarterly profit of $1.86 per share, beating estimates by 15 cents a share. Revenue also beat forecasts as customers spent more amid a rebounding U.S. economy.
STOCK SYMBOL: AXP
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Alcoa – Alcoa came in 7 cents a share ahead of estimates, with adjusted quarterly earnings of 77 cents per share. Revenue was essentially in line with forecasts. The aluminum producer also raised its full-year earnings outlook on more favorable market conditions.
STOCK SYMBOL: AA
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Sleep Number – Sleep Number missed estimates by 4 cents a share, with quarterly profit of 52 cents per share. The mattress retailer's revenue missed as well, as comparable-store sales fell more than expected. Sleep Number said it remains on track to achieve its previously stated earnings goals for the full year, however.
STOCK SYMBOL: SNBR
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Wynn Resorts – Wynn expanded its board with three new independent directors, appointing Betsy Atkins, Dee Dee Myers, and Wendy Webb. The move comes after a search aimed at diversifying gender, skills, and experience on the casino operator's board.
STOCK SYMBOL: WYNN
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Amazon.com – Amazon said its Amazon Prime service now has more than 100 million members around the world.
STOCK SYMBOL: AMZN
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VMWare – The cloud computing company's chief financial officer Zane Rowe is the top candidate for the same job at ride-hailing service Uber, according to a Bloomberg report.
STOCK SYMBOL: VMW
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XPO Logistics – XPO unveiled a voice-enabled tracking system available through smart speakers made by either Amazon or Google. XPO is a delivery and warehousing company specializing in last-mile delivery of heavy and bulky items.
STOCK SYMBOL: XPO
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Visa, Mastercard – Visa and Mastercard are considering the idea of a shared payment button for online purchases. Both payment networks current have separate pay technology in place.
STOCK SYMBOL: V
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STOCK SYMBOL: MA
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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, April 19th, 2018! :)
Submitted April 19, 2018 at 08:33AM by bigbear0083 https://ift.tt/2HMf8MO
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