Good morning traders of the r/StockMarket sub! Welcome to Wednesday! Here are your stock movers & news this morning-
(CLICK HERE TO VIEW THE FULL SOURCE!)
Frontrunning: June 20th
- President Donald Trump said he would back either of the immigration bills making their way through the House, as the outcry grew over his administration's separation of immigrant parents and children at the U.S.-Mexico border. (Reuters)
- Youngest migrants held in US 'tender age' shelters (AP)
- No clear plan yet on how to reunite parents with children (AP)
- Schumer says 'the president alone can fix' separation policy (CNBC)
- Additionally, in an internal memo seen by CNBC, J.P. Morgan (JPM) chief Jamie Dimon referred employees to a statement by Business Roundtable that called separating children from their parents a "cruel" practice that's "contrary to American values."
- Administration officials said Trump's escalation of trade threats against China, which sent the stock market plunging on Tuesday, reflect his belief that the White House increasingly has the upper hand in the dispute. (WSJ)
- White House says China's 'economic aggression' is a global threat(CNBC)
- The Trump administration withdrew from the United Nations Human Rights Council in protest of the international organization's frequent criticism of Israel's treatment of Palestinians. Human rights advocates have denounced the decision. (NY Times)
- The political network funded by billionaire industrialists Charles and David Koch is unveiling the first phase of a multimillion-dollar ad campaign against Trump's tariffs. The campaign will call on Congress to support free trade policies. (CNBC)
- In an op-ed published this morning, House Speaker Paul Ryan writes that the U.S. tax cuts have opened the door to new possibilities and opportunities for families. He added the bill has created more jobs and delivering bigger paychecks.
- The number of Americans seeking disability benefits is plunging, the latest evidence of a stronger U.S. economy pulling people back into the job market or preventing workers from being sidelined in the first place. (NY Times)
- Canadian lawmakers approved a bill to legalize recreational marijuana, setting the stage for the country to become the first Group of Seven nation to legalize cannabis. Legal sales of cannabis could take place within eight to 12 weeks. (Reuters)
- American Airlines (AAL), the world's largest airline, told employees this week that it is preparing for some management-level layoffs and buyouts in an effort to slim down five years after its merger with US Airways. (CNBC)
- An Amazon (AMZN) Prime membership will earn you discounts at Whole Foods locations in 23 states. The discounts can include certain seafood and produce as well as a broad 10 percent discount on hundreds of items. Here's a map of every Whole Foods you'll get a discount. (CNBC)
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
TODAY'S MARKET HEAT MAP:
(CLICK HERE FOR TODAY'S MARKET HEAT MAP!)
TODAY'S S&P SECTORS:
(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
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:
($MU $ORCL $FDX $KR $RHT $SGH $BB $WGO $DRI $KMX $AOBC $LZB $BKS $MEI $SECO $ATU $PDCO $BNED $CMC $SOL $SCS $AMS)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($ORCL $FDX $WGO $LZB $ATU $SOL)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
($MU $KR $DRI $AOBC $BKS $MEI $BNED $PDCO $SCS $CMC $BYSI)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!)
EARNINGS RESULTS BEFORE THE OPEN TODAY:
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)
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 #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- NAKD
- GE
- NFLX
- CLBS
- TSRO
- SBUX
- SGMO
- ORCL
- FDX
- SOGO
- FB
- WGO
- AMC
- ARRY
- SQ
- FOXA
- C
- AKAO
- CGC
- LZB
- GEVO
- WBA
- SNAP
- BB
- HJLI
- DOL.CA
- CELG
- APEN
- SRPT
- DJIA
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Winnebago – The recreational vehicle maker earned $1.02 per share for its latest quarter, beating estimates by 11 cents, with revenue well above estimates as well. The company said new products are performing well and that it is also successfully managing its costs.
STOCK SYMBOL: WGO
(CLICK HERE FOR LIVE STOCK QUOTE!)
General Electric – GE is being removed from the Dow Jones Industrial Average after being included in the 30-stock index for 111 years. It will be replaced by drugstore chain operator Walgreens Boots Alliance before the open on June 26.
STOCK SYMBOL: GE
(CLICK HERE FOR LIVE STOCK QUOTE!)
FedEx – FedEx reported adjusted quarterly profit of $5.91 per share, 20 cents a share above consensus. The delivery company's revenue came in slightly above estimates, however FedEx did give weaker-than-expected full-year guidance.
STOCK SYMBOL: FDX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Oracle – Oracle came in 5 cents a share above estimates, with adjusted quarterly profit of 99 cents per share. The business software maker's revenue also topped forecasts, however its current-quarter profit outlook came in below the Street's forecast, with a strengthening U.S. dollar among the negative factors.
STOCK SYMBOL: ORCL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Starbucks – The coffee chain announced it would close 150 U.S. stores and said comparable sales growth would fall below Wall Street forecasts. Starbucks sales growth has been impacted by growing competition from McDonald's, Dunkin' Brands, and others. Following that news, the stock was downgraded to "market perform" from "outperform" at Telsey Advisory Group, and to "equal-weight" from "overweight" at Morgan Stanley.
STOCK SYMBOL: SBUX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Ford – Ford and German automaker Volkswagen are exploring ways to work together on commercial vehicles and other projects, although they say they are not discussing any ownership stakes in each other.
STOCK SYMBOL: F
(CLICK HERE FOR LIVE STOCK QUOTE!)
American Airlines – The airline said a computer system glitch that failed at its American Eagle regional carrier has been "stabilized," after the problem caused 2,500 flights to be canceled over the past week.
STOCK SYMBOL: AAL
(CLICK HERE FOR LIVE STOCK QUOTE!)
21st Century Fox – Fox's board of directors will meet today to discuss whether to consider NBCUniversal and CNBC parent Comcast's $65 billion bid for assets it is selling, or to stick with the $52 billion deal it had previously struck with Walt Disney.
STOCK SYMBOL: FOXA
(CLICK HERE FOR LIVE STOCK QUOTE!)
PayPal – PayPal announced the acquisition of financial technology company Hyperwallet Systems for about $400 million. Hyperwallet specializes in payments for goods and services sold in online marketplaces.
STOCK SYMBOL: PYPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
AT&T – AT&T is in talks to buy digital ad technology company AppNexus for about $1.6 billion, according to The Wall Street Journal.
STOCK SYMBOL: T
(CLICK HERE FOR LIVE STOCK QUOTE!)
La-Z-Boy – La-Z-Boy reported adjusted quarterly profit of 72 cents per share, beating estimates by 8 cents a share. The furniture maker saw revenue come in below analysts' forecasts, however, amid a same-store sales increase of 3.9 percent.
STOCK SYMBOL: LZB
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla – Tesla has made about 6,000 Model 3 cars so far in June, according to internal documents cited by Business Insider.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Citigroup – Citi was upgraded to "buy" from "hold" at Deutsche Bank, which notes a 17 percent drop from January highs and the idea that upcoming stress tests should yield favorable results for the bank.
STOCK SYMBOL: C
(CLICK HERE FOR LIVE STOCK QUOTE!)
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, June 20th, 2018! :)
Submitted June 20, 2018 at 10:51AM by bigbear0083 https://ift.tt/2I6NcSo
No comments:
Post a Comment