Good morning traders of the r/StockMarket sub! Welcome to Tuesday and the first trading day of May! Here are your pre-market stock movers & news this morning-
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Frontrunning: May 1st
- President Donald Trump postponed the deadline on steel and aluminum tariffs for some allies, including the European Union, for 30 days to allow further discussions. The tariffs are already in effect against China, Japan, Russia and others. (CNBC)
- Trump pushes back tariff exemptions but Europe is still not happy(CNBC)
- The New York Times obtained a list of questions special counsel Robert Mueller has for Trump as part of his ongoing investigation into the 2016 presidential election. * The series of open-ended questions include the president's firing of former FBI director James Comey.
- Comey: Trump should submit to Mueller interview (Axios)
- GOP Senator Marco Rubio told the Economist magazine there is "no evidence whatsoever" the new tax law significantly helped U.S. workers. Rubio, who voted for the proposal, said instead corporations bought back shares and gave out bonuses.
- South Korean President Moon Jae-in asked the United Nations to help verify North Korea's planned shutdown of its nuclear test site. The North, several days before the historic summit between Moon and Kim Jong Un, had promised to dismantle its site. (Reuters)
- Mnuchin: 'No question' Trump sanctions brought North Korea to negotiating table (CNBC)
- Israeli Prime Minister Benjamin Netanyahu revealed a cache of files he claimed were obtained from Iran and proved the country ran a secret program to build nuclear weapons. Trump must decide in two weeks whether to pull out of the Iran nuclear deal.
- Porn star Stormy Daniels filed a new lawsuit against Trump, accusing him of defaming her in a tweet that said she was pulling a "con job" on the news media. Daniels already was suing Trump seeking to void a nondisclosure agreement she signed. (CNBC)
- Actress Ashley Judd sued disgraced Hollywood mogul Harvey Weinstein, alleging he tried to destroy her acting career after she refused his sexual advances. The lawsuit said Weinstein's actions prevented her from working in an Oscar-winning film franchise. (USA Today)
- The co-founder of WhatsApp, the messaging service Facebook (FB) bought for $19 billion in 2014, is leaving the company at a time when Facebook reels from revelations of Russian election manipulation, fake news, and data leaks. (CNBC)
- Facebook privacy changes leave developers steaming ahead of today's conference (NY Times) T* witter (TWTR) will bring original shows from Comcast's (CMCSA) NBCUniversal, Disney (DIS) and Viacom (VIA), among others, to its platform. The company also announced it's launching a division to help online influencers make scripted series. (CNBC)
- Medicare chief Seema Verma exclusively told CNBC it's time that health care catches up with other industries when it comes to providing consumers greater transparency about prices. The agency proposed earlier this week that hospitals post their prices online.
- Sanofi (SNY) and Regeneron (REGN) have agreed to lower the price of their cholesterol medicine in exchange for easier access for patients covered by pharmacy benefit manager Express Scripts (ESRX), the first of a number of deals the drugmakers hope to strike to increase use of their drug. (CNBC)
- Boeing (BA) will buy aircraft parts maker KLX (KLX) for about $3.2 billion in cash or $63 per share. KLX had said it would review strategic options in December. KLX shares were losing about 10 percent in the premarket, though still trading above the offer price. (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($AAPL $BABA $TSLA $SQ $MCD $SNAP $SHOP $AKS $CELG $MA $CHK $AGN $UAA $FRED $GRUB $PFE $STX $CVS $ATVI $ON $OLED $BP$GILD $FDC $EPD $L $MRK $WLL $USCR $ANET $TEVA $SWKS $COHR $LL $FEYE $AET $ARNC $W $GPRO $APRN $CGNX $AKAM $MOH)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($SHOP $UAA $GRUB $PFE $STX $BP $MRK $LL $AET $CMI $AMT $IPGP $INCY $XYL $MPC $NBL $SMG $HBI $HCA $EMR $ETN $HUN $AN$IMAX $LLL $CG $FLWS $ECA $JCI $MPLX $EMES $ADM $PPBI $WCG $AGCO $CTLT $FELE $TKR $ACCO $CVLT $EAT $TPR)
(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!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #3!)
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!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #4!)
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:
- SHOP
- UAA
- I
- PFE
- AAPL
- STX
- MRK
- GRUB
- CMI
- UA
- SQ
- NTLA
- IRWD
- AET
- CVLT
- SMG
- TDG
- KPTI
- XYL
- IMAX
- LLL
- ADM
- GILD
- AGCO
- EVFM
- PGTI
- HBI
- CTLT
- EMES
- AKAO
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Merck – The drugmaker beat estimates by 5 cents a share, with adjusted first-quarter profit of $1.05 per share. Revenue was very slightly below forecasts. Merck's results were powered by strong growth in sales of its cancer drug Keytruda, an it also raised its earnings forecast for the year.
STOCK SYMBOL: MRK
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Pfizer – Pfizer reported adjusted quarterly profit of 77 cents per share, beating estimates by 3 cents a share. Revenue was slightly below forecasts, but Pfizer's bottom line benefited from stronger sales of breast cancer drug Ibrance.
STOCK SYMBOL: PFE
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Apple – DA Davidson initiated coverage on Apple with a "buy" rating, saying although the company faces challenges, its huge free cash flow allows it both to return increasing amounts of money to shareholders and make strategic acquisitions.
STOCK SYMBOL: AAPL
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Under Armour – The athletic apparel maker reported a break-even quarter on an adjusted basis, compared to analyst forecasts of a 5 cents per share loss. Revenue beat forecasts, helped by stronger international sales.
STOCK SYMBOL: UAA
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Archer-Daniels Midland – The grain processor beat estimates by 18 cents a share, with adjusted quarterly profit of 68 cents per share. Revenue also topped forecasts. The company said market conditions have improved for many of its businesses, and that it is even more confident about 2018 full year performance.
STOCK SYMBOL: ADM
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Regeneron Pharmaceuticals, Sanofi – The drug companies announced they would cut the price of the cholesterol drug Praluent for Express Scripts customers, in exchange for greater patient access.
STOCK SYMBOL: REGN
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STOCK SYMBOL: SNY
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Facebook – Wedbush added Facebook to its "Best Ideas" list, saying the company would weather the controversy surrounding the Cambridge Analytica data breach.
STOCK SYMBOL: FB
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WellCare Health Plans – The health insurer reported adjusted quarterly earnings of $2.47 per share, beating the consensus estimate of $2.02 a share. Revenue was essentially in line. WellCare raised its full-year forecast, based on strong performance across all its business lines.
STOCK SYMBOL: WCG
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Akamai Technologies – Akamai reported adjusted quarterly profit of 79 cents per share, 9 cents a share above estimates. Revenue also beat forecasts. The provider of internet content delivery technology saw its results boosted by its push into cloud security.
STOCK SYMBOL: AKAM
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Texas Roadhouse – Texas Roadhouse matched forecasts with quarterly profit of 76 cents per share, with its revenue slightly above estimates. Comparable-restaurant sales were higher by 4.9 percent at company-owned restaurants and 3.9 percent at franchised locations.
STOCK SYMBOL: TXRH
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Cognex – Cognex came in 4 cents a share above Street forecasts, with adjusted quarterly profit of 24 cents per share. The maker of machine vision technology saw revenue miss forecasts and it also gave weaker-than-expected full-year guidance.
STOCK SYMBOL: CGNX
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Tenet Healthcare – Tenet reported an unexpected quarterly profit, with revenue also beating forecasts. The hospital operator also issued strong full-year guidance as it benefited from lower costs and a jump in patient visits.
STOCK SYMBOL: THC
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BP – BP reported its highest quarterly profit in almost four years, helped by a rebound in oil and gas prices and increasing production.
STOCK SYMBOL: BP
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KLX – Boeing will buy the aircraft parts maker for about $3.2 billion in cash, or $63 per share. KLX had said it would review strategic options in December, and The Wall Street Journal had reported last week that a deal was near.
STOCK SYMBOL: KLXI
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Las Vegas Sands, Wynn Resorts – The casino operators are on watch as gambling revenue in the Chinese territory of Macau rose a better-than-expected 28 percent in April. Gaming revenue in Macau has now risen for 21 consecutive months.
STOCK SYMBOL: LVS
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STOCK SYMBOL: WYNN
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Intel – The chipmaker will receive $380 million from the Israeli government to expand its manufacturing operations in that country, according to Israeli financial newspaper Calcalist.
STOCK SYMBOL: INTC
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Citrix Systems – Citrix was added to the "Conviction Buy" list at Goldman Sachs, which notes stronger pricing in the software company's CSS support services offering.
STOCK SYMBOL: CTXS
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US Foods – US Foods was downgraded to "sector perform" from "outperform" at RBC Capital, which points to overall food distribution industry stagnation.
STOCK SYMBOL: USFD
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NutriSystem – NutriSystem earned 9 cents per share for its latest quarter, beating forecasts by 3 cents a share. The diet plan provider also saw revenue come in above estimates. NutriSystem also raised its full-year forecast.
STOCK SYMBOL: NTRI
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Roku – KeyBanc rates the maker of streaming video devices a "buy" in new coverage, saying it provides a unique platform in the growing streaming video market.
STOCK SYMBOL: ROKU
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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, May 1st, 2018! :)
Submitted May 01, 2018 at 09:01AM by bigbear0083 https://ift.tt/2HLD8ix
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