Good morning traders of the r/StockMarket sub! Welcome to Tuesday! Here are your stock movers & news this morning-
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Frontrunning: June 12th
- Top economic advisor Larry Kudlow suffered a heart attack and is in good condition at Walter Reed Medical Center, the White House said. Trump tweeted the news earlier, literally only minutes before a historic meeting with North Korean leader Kim Jong Un. (CNBC)
- Axios has learned that Trump's first sit-down television interview after his historic summit is expected to be with his friend and confidant, Fox News host Sean Hannity. Hannity is in Singapore and the president promised him the interview.
- The Commerce Department published details of the ZTE settlement deal but the ban is still in place. The ban will continue until the Chinese telecommunications equipment maker pays $1 billion and places over $400 million in escrow. (Reuters)
- A bill was introduced in the House that would require an unclassified interagency report on Chinese political influence operations. Sen. Marco Rubio will introduce companion legislation in the Senate, his communications director confirmed. (CNBC)
- Apple (AAPL) updated its developer guidelines to ban "mining" cryptocurrencies like bitcoin. The new rules restrict apps that drain battery, generate excessive heat, or put unnecessary strain on device resources — all of which take place in bitcoin mining. (CNBC)
- Amazon (AMZN) will expand its Whole Foods Market discounts for Prime customers to 10 new states including Arizona, Georgia and North Carolina. The expansion means the discounts will be available to nearly half the country. (CNBC)
- Fitbit (FIT) launched its new fitness tracker, Fitbit Ace, for children 8 years old and up. While a device for children will open up Fitbit to an entirely new group of potential users, it is not enough on its own to help Fitbit completely reverse its losses. (CNBC)
STOCK FUTURES NOW:
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TODAY'S MARKET HEAT MAP:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($ADBE $GOOS $RH $PLAY $BITA $HRB $KMG $YTRA $MIK $SBLK $CASY $LE $FNSR $KFY $TLRD $SAIC $FRED $JBL $LMNR $OXM $SNOA$APPS $PVTL $JW.A $DTEA $TNP $CRWS $CHKE $CULP $AZRE)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($RH $PLAY $KMG $CASY $SBLK $YTRA $LE $LMNR $DTEA $JW.A)
(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:
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TODAY'S DIVIDEND CALENDAR:
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(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- GLMD
- TSLA
- RH
- PLAY
- WTW
- IQ
- BTC.X
- FIT
- CASY
- GPRO
- LE
- I
- TWTR
- SEAS
- SOGO
- GALT
- ETC.X
- JCAP
- T
- ABX
- MCD
- MEDP
- HTGC
- ALBO
- SAGE
- HRB
- TWX
- ALGN
- AMRS
- TATT
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
AT&T, Time Warner – AT&T and Time Warner will find out today if a judge plans to allow or block their planned merger deal. U.S. District Judge Richard Leon will announce after 4 p.m. ET whether he is siding with the Justice Department or with the two companies, who announced the planned purchase of Time Warner by AT&T in October 2016.
STOCK SYMBOL: T
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RH – RH reported adjusted quarterly profit of $1.33 per share, beating the consensus estimate of $1.02 a share. The Restoration Hardware parent's revenue came in below forecasts, but the retailer issued a strong current-quarter outlook as its new focus on membership and improvements to its supply chain help its results.
STOCK SYMBOL: RH
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Dave & Buster's – Dave & Buster's beat estimates by 11 cents a share, with quarterly profit of $1.04 per share. The restaurant chain's revenue also beat forecasts. Comparable-restaurant sales were lower by 4.9 percent, but that was smaller than the 5.6 percent drop that analysts had forecast. Separately, CEO Stephen King will retire August 5, to be replaced by Chief Financial Officer Brian Jenkins.
STOCK SYMBOL: PLAY
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Exxon Mobil – Exxon Mobil has made a major push into energy trading to help boost profit, according to Reuters.
STOCK SYMBOL: XOM
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Tesla – Tesla has been accused of stopping an employee from trying to organize a union. Michael Sanchez testified to the National Labor Relations Board (NLRB) that he was asked by a supervisor and security guards to leave his factory after he handed out pro-union flyers. The NLRB is investigating whether Tesla had violated federal standards.
STOCK SYMBOL: TSLA
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Citigroup – The bank could cut half of the 20,000 jobs from its technology and operations staff over the next five years, according to the Financial Times. The paper said those cuts would come due to automation.
STOCK SYMBOL: C
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WPP Group – The ad giant's shareholders are reportedly upset with pay arrangements for former CEO Martin Sorrell, according to a Sky News report that said more than 25 percent of shareholders have voted against the planned benefits for Sorrell. Sorrell left WPP following an investigation into personal misconduct allegations.
STOCK SYMBOL: WPP
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McDonald's – McDonald's is expected to issue details of an organizational restructuring today, with the restaurant chain planning a town hall meeting.
STOCK SYMBOL: MCD
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AstraZeneca, Eli Lilly – The drugmakers have discontinued development of an experimental Alzheimer's treatment after an independent panel said the treatment was unlikely to meet its goals.
STOCK SYMBOL: AZN
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Amazon.com – Seattle's City Council is set to repeal a tax on large employers like Amazon, less than a month after the tax was passed.
STOCK SYMBOL: AMZN
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Weight Watchers – J.P. Morgan Securities initiated coverage of the weight loss company's stock with an "overweight" rating, saying Weight Watchers has positioned itself for "outsized" growth through a revamping of its points system for users and significantly improving its mobile app.
STOCK SYMBOL: WTW
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Lands' End – The clothing retailer lost 8 cents per share for the first quarter, smaller than the 17 cents a share loss expected by Wall Street. Revenue came in above estimates despite an 18.9 percent drop in comparable-store sales. Overall sales were up by 11.7 percent.
STOCK SYMBOL: LE
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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, June 12th, 2018! :)
Submitted June 12, 2018 at 09:57AM by bigbear0083 https://ift.tt/2MlPIYA
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