Good morning traders of the r/StockMarket sub! Welcome to Monday! Here are your stock movers & news this morning-
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Frontrunning: June 25th
- The Wall Street Journal reported that President Donald Trump plans to bar many Chinese companies from investing in U.S. tech and to block additional technology exports to China. The two measures are set to be announced by the end of the week.
- Trump issued a stark warning to the U.S. trading partners over the weekend. He called on global economies to end to all protectionist barriers, or face a new round of retaliatory measures. "Trade must be fair and no longer a one way street!" the president said. (CNBC)
- Trump said that people who enter the U.S. illegally should be sent back to where they came from immediately without any judicial process. He didn't differentiate between people who entered the United States to seek asylum and illegal immigrants. (Reuters)
- Porn actress Stormy Daniels was scheduled to meet with federal prosecutors today as part of their investigation into Trump’s longtime personal attorney. However, the meeting was abruptly cancelled after it was reported by news outlets, her attorney said. (AP)
- Battles will be settled on Tuesday between the establishment and activist wings of Democratic and Republican parties as voters head to the polls. Primaries will be held in Colorado, Maryland, Mississippi, New York, Oklahoma, South Carolina and Utah. (USA Today)
- Republican Sen. Jeff Flake suggested he may use his role on the Senate Judiciary Committee to extract concessions from Trump. Flake, who has criticized Trump previously, added that he could team up with other pro-trade Republicans to delay judicial nominees. (Washington Post)
- A 15-year-old boy who was housed in a large migrant shelter in Texas walked off the premises and disappeared into the border land. The operator said it was not allowed to restrain children, raising questions about who is responsible for their safety. (NY Times)
- President Recep Tayyip Erdogan won Turkey's landmark electionSunday, ushering in a new system. On already shaky footing, Turkey’s economy and assets are likely to be affected as all eyes turn to what the powerful and growth-hungry Erdogan will do next. (AP & CNBC)
- Uber will argue that in court today that it is "fit and proper" to hold a license to operate in London after regulators stripped it of one last year. Uber made changes to its service, including reporting serious incidents to the police directly and controlling drivers' working hours. (CNBC)
- The combined firepower of “Fallen Kingdom” and “Incredibles 2" fueled $280 million in total ticket sales, making it Hollywood’s fourth-biggest overall weekend ever, not accounting for inflation. Business was roughly double what it was the same June weekend last year, according to comScore.
STOCK FUTURES NOW:
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TODAY'S MARKET HEAT MAP:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($NKE $CCL $LEN $WBA $GIS $PAYX $STZ $RAD $FDS $JKS $ACN $KBH $BBBY $INFO $MKC $SCHN $UNF $CAG $APOG $CUK $SONC $GMS$AVAV $PIR $EROS $SNX $LNN $OMN $SJR $FUL $XPLR $CAMP $PRGS $NG $FC $DTRM $IRET $GBX $DAC)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
(N/A)
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THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
(NONE)
([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())
EARNINGS RESULTS BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
([CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!]())
NONE.
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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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- AKAO
- CPB
- QQQ
- ABIL
- MACK
- CCL
- TVIX
- OSTK
- SPY
- CADC
- BABA
- ARRY
- ZFGN
- DERM
- BA
- BZUN
- BOXL
- WMT
- KHC
- SQQQ
- NFLX
- XRM
- ZYNE
- VXX
- CRUS
- NUE
- AXP
- BB
- LVS
- GTN
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Harley-Davidson – The motorcycle maker said newly raised European Union tariffs would add $2,200 to the cost of each motorcycle exported to the EU from the U.S., but that it would not raise prices as a result. Harley plans to shift production of motorcycles intended for EU purchase out of the U.S. to its international facilities, but that this may take up to 18 months to complete.
STOCK SYMBOL: HOG
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Netflix - Chief communications officer Jonathan Friedland is resigning. The company did not give details on why Friedland was leaving, but he tweeted that he had spoken in an “insensitive” manner. Friedland had spent seven years with Netflix.
STOCK SYMBOL: NFLX
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General Electric – GE is near a sale of its industrial engine unit to private equity firm Advent International, according to the Wall Street Journal. A sale worth $3 billion or more could be announced as soon as today, according to the paper, with Advent beating out Cummins for that business.
STOCK SYMBOL: GE
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Microsoft – Microsoft was upgraded to “overweight” from “neutral” at Atlantic Equities, which said Microsoft has successfully managed its transition to being a cloud-based company and has expanded its potential market in doing so.
STOCK SYMBOL: MSFT
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Amazon.com – Amazon has expanded its savings program for Prime members at its Whole Foods grocery stores, with the savings now available nationwide. The program was first launched in Florida last month.
STOCK SYMBOL: AMZN
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Kroger – The supermarket operator’s stock was downgraded to “hold” from “buy” by Pivotal Research. The call was made on a valuation basis, with the stock up 17 percent over the past month.
STOCK SYMBOL: KR
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Tapestry – The company formerly known as Coach is rated “buy” in new coverage at Goldman Sachs, saying it sees strong growth prospects for both the Coach and Kate Spade brands.
STOCK SYMBOL: TPR
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Estee Lauder – The stock was downgraded to “equal-weight” from “overweight” at Morgan Stanley. The firm had rated the cosmetics maker “overweight” since 2012 and is still a long-term bull, but is making this call on a valuation basis as well as some short term risk factors.
STOCK SYMBOL: EL
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Education Realty Trust – Education Realty agreed to be bought by Greystar Student Housing Growth and Income Fund for about $4.6 billion including assumed debt. Shareholders in the owner of college student housing communities will receive $41.50 per share in cash, compared to Friday’s closing price of $40.83.
STOCK SYMBOL: EDR
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Campbell Soup – Campbell Soup is drawing possible takeover interest from Kraft Heinz, according to the New York Post. The paper said Kraft believes the soup maker’s management will soon initiate a sales process, and also reported that General Mills could be a potential buyer as well.
STOCK SYMBOL: CPB
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AT&T – AT&T expressed interest in buying CBS before striking its deal to buy Time Warner, according to the Wall Street Journal.
STOCK SYMBOL: T
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KKR – KKR is facing a backlash from pension funds that have invested billions in the private equity firm, according to the Financial Times. The funds are said to be upset with KKR’s treatment of workers at bankrupt toy retailer Toys R Us.
STOCK SYMBOL: KKR
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Medtronic – The medical device maker reported upbeat study results for its MiniMed 670G insulin pump system.
STOCK SYMBOL: MDT
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Intel – Intel was downgraded to “neutral” from “buy” at Nomura/Instinet, which cited the departure of CEO Brian Krzanich last week as well as uncertainty about the chipmaker’s longer term prospects.
STOCK SYMBOL: INTC
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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 Monday, June 25th, 2018! :)
Submitted June 25, 2018 at 10:50AM by bigbear0083 https://ift.tt/2MmoxvX
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