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 24th
- The Trump administration, which has already increased scrutiny on employers, is planning to roll out new proposals that would change the kind of jobs H-1B workers can do as well as what their relationship with employers must look like. (Axios)
- A Senate panel narrowly endorsed secretary of State nominee Mike Pompeo, all but guaranteeing that he will be confirmed by the full Senate later this week. Trump's nominee had seemed unlikely to secure a majority of the panel's support. (Washington Post)
- CNBC has learned that Fox News host Sean Hannity took out $2.5 million in loans last year secured by his sprawling mansion on Long Island, New York. Hannity was identified recently as a client of Michael Cohen, the long-time personal lawyer for Trump.
- Prosecutors from Special Counsel Robert Mueller's office defended the legality of searches the FBI conducted last year of Paul Manafort's condo and storage locker. Manafort asked a federal judge to rule the searches illegal and exclude the evidence. (Politico)
- The man suspected of running down numerous pedestrians, killing 10 people, in downtown Toronto is scheduled to appear in court this morning. No motive is known yet but officials played down possible connections to terrorism. (AP)
- What we know about Toronto van attack suspect Alek Minassian(USA Today)
- One passenger aboard an American Airlines (AAL) flight endured multiple tasings by police officers after allegedly groping a woman on the plane in Miami. Passengers can be seen chanting in a YouTube video "Get him off! Get him off!" (USA Today)
- United Airlines (UAL) CEO Oscar Munoz took home $9.56 million in 2017, nearly half of his compensation in 2016, according to a company filing. Munoz told employees that he suggested that the company's compensation committee not give him a bonus. (CNBC)
- Chinese ride-hailing giant Didi Chuxing is holding talks about an initial public offering, The Wall Street Journal reported, citing unnamed sources. Didi reportedly wants to reach a valuation of between $70 and $80 billion through an IPO.
- Facebook (FB) released a rule book this morning for the types of posts it allows on its social network, giving the public more detail than ever before on what is permitted on subjects ranging from drug use to inciting violence. (Reuters)
- It's been revealed that George H.W. Bush, 93, was admitted to Houston Methodist Hospital on Sunday, a day after a funeral was held for his wife, Barbara Bush. The former president has an infection that spread to his blood. He's said to be responding to treatment and appears to be recovering. (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($AMZN $FB $AMD $MSFT $BA $TWTR $GOOGL $INTC $CAT $HAL $X $V $LMT $PYPL $ALK $XOM $ABBV $F $MMM $AMTD $VZ $T $FCX$WYNN $KMB $UPS $HAS $KO $CMCSA $RTN $AAL $WDC $BIIB $STM $QCOM $TXN $SBUX $GM $ALGN $LUV $UTX $NOK $CMG $CVX $SIRI)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($CAT $LMT $MMM $VZ $FCX $KO $BIIB $UTX $HOG $JBLU $LLY $SHW $GLW $PHM $ATI $CNC $TRV $SAP $WFT $SLCA $PCAR $FITB $TECK$PII $HBAN $EDU $GPK $MAS $CIT $NEE $QSR $MDR $NEP $HUBB $R $SNV $SSB $WAT $IPI $ABG $FNB $FFWM $WAB $SCL)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
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!)
TODAY'S DIVIDEND CALENDAR:
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- GOOGL
- CAT
- VZ
- GOOG
- BIIB
- LMT
- KO
- MMM
- UTX
- MDR
- TRX.X
- TRV
- JBLU
- HOG
- SHPG
- PRTA
- NEE
- LLY
- WHR
- EDU
- GLW
- TXN
- SHW
- MAS
- PHM
- SWKS
- HBAN
- TXRH
- ATI
- WAT
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
3M – The maker of a wide variety of consumer products matched forecasts, with quarterly profit of $2.50 per share. Revenue topped forecasts. CEO Inge Thulin said the company saw broad-based organic growth during the quarter.
STOCK SYMBOL: MMM
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Coca-Cola – The beverage giant came in a penny a share ahead of estimates with quarterly profit of 47 cents per share. Revenue also came in above forecasts. Organic growth was up by 5 percent, and the company's biggest growth came in the Europe, Middle East, and Africa regions.
STOCK SYMBOL: KO
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Caterpillar – The heavy equipment maker earned an adjusted $2.82 per share for the first quarter, well above the $2.13 a share consensus estimate. Revenue also beat forecasts, and the company raised its full-year outlook.
STOCK SYMBOL: CAT
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Travelers – The insurance company earned an adjusted $2.46 per share for the first quarter, missing the consensus estimate of $2.68 a share. Revenue beat forecasts, but the bottom line was impacted by a variety of natural disasters during the quarter. Travelers increased its quarterly dividend to 77 cents per share from 72 cents.
STOCK SYMBOL: TRV
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Verizon – Verizon came in 7 cents a share ahead of forecasts, with adjusted quarterly earnings of $1.17 per share. Revenue beat forecasts, as well. Verizon also saw wireless postpaid net additions of 260,000, exceeding estimates of 165,000.
STOCK SYMBOL: VZ
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United Technologies – The conglomerate beat estimates by 25 cents a share, with adjusted quarterly profit of $1.77 per share. Revenue beat forecasts as organic growth saw its strongest first quarter performance in seven years. The company also raised its full-year outlook.
STOCK SYMBOL: UTX
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Centene – The health insurer reported adjusted quarterly profit of $2.17 per share, beating the consensus estimate of $1.93 a share. Revenue also topped forecasts, helped by a boost in managed care membership, among other factors. Centene also raised its full-year forecast.
STOCK SYMBOL: CNC
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PulteGroup – The homebuilder earned 59 cents per share for its latest quarter, beating estimates by 14 cents a share. Revenue also beat estimates, powered by an 18 percent jump in new orders.
STOCK SYMBOL: PHM
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Harley-Davidson – The motorcycle maker beat Street forecasts on both the top and bottom lines, and also maintained its full-year forecast for motorcycle shipments.
STOCK SYMBOL: HOG
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Alphabet – Alphabet reported adjusted quarterly profit of $9.93 per share, compared to the consensus estimate of $9.28 a share. The Google parent's revenue also came in above Street forecasts. Results were helped by strong advertising sales.
STOCK SYMBOL: GOOGL
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Eli Lilly – The drugmaker came in 21 cents above estimates with first-quarter profit of $1.34 per share. Revenue also exceeded expectations. Separately, a Food and Drug Administration panel recommended that an experimental rheumatoid arthritis drug developed by Lilly and Incyte should only be approved at a lower dose.
STOCK SYMBOL: LLY
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Facebook – Facebook released its rule book regarding its posting rules, in more detail than it ever has previously.
STOCK SYMBOL: FB
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Home Depot, Lowe's – Both home improvement retailers were rated "outperform" in new coverage at Wells Fargo, which sees tailwinds for the home improvement industry overall. It also sees an opportunity for Lowe's to take more market share, and an attractive entry point for Home Depot after a 15 percent drop from a late January high.
STOCK SYMBOL: HD
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STOCK SYMBOL: LOW
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Sanofi – Sanofi's drug to treat epilepsy and bipolar disorder, valproate, was banned by U.K. regulators for women of child-bearing age, unless they are on a special pregnancy prevention program.
STOCK SYMBOL: SNY
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Whirlpool – Whirlpool reported adjusted quarterly profit of $2.81 per share, falling short of the $2.96 a share consensus estimate. Revenue was also slightly short of forecasts, and the appliance maker said it expected pressure this year from lower sales and higher costs. Separately, Whirlpool sold its Embraco compressor unit to Japan's Nidec for nearly $1.1 billion in cash.
STOCK SYMBOL: WHR
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SAP – SAP reported better than expected quarterly earnings, and the business software company said it was gaining cloud-based market share compared to competitors Salesforce.com and Oracle.
STOCK SYMBOL: SAP
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Wells Fargo – The bank holds its annual meeting in Des Moines, Iowa, today. CEO Tim Sloan told shareholders in his annual letter that rebuilding trust after recent scandals is the bank's top priority.
STOCK SYMBOL: WFC
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Trimble – Trimble bought privately held Viewpoint from Bain Capital for $1.2 billion in cash, and the software company also raised its revenue outlook. Viewpoint specializes in software for the construction industry.
STOCK SYMBOL: TRMB
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Zions Bancorp – Zions reported quarterly profit of $1.09 per share, beating the 82 cent consensus estimate. The regional bank's revenue also came in above analyst forecasts.
STOCK SYMBOL: ZION
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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 24th, 2018! :)
Submitted April 24, 2018 at 08:34AM by bigbear0083 https://ift.tt/2HnPQUw
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