Good morning traders of the r/StockMarket sub! Welcome to Thursday! Here are your stock movers & news this morning-
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Frontrunning: June 7th
- CNBC has learned that special counsel Robert Mueller's team is requesting that witnesses turn in their personal phones to inspect their encrypted messaging programs and potentially view conversations between associates linked to President Donald Trump.
- As Mueller looks ever more closely at Trump's foreign business ties, one former associate has remained outside the spotlight despite playing a key role in Trump's quest for real estate deals in former Soviet lands. (CNBC)
- With his new tariffs increasing U.S. isolation, Trump heads to Canada tomorrow for a meeting of the Group of Seven (G-7) industrialized nations and the president will likely face a chilly reception from some of America's oldest allies. (AP)
- Trump set to push US trade agenda at tense G-7 meeting (WSJ)
- Fear of World War III should stop global disputes, Russia's Putin says (CNBC)
- Tennessee Republican Sen. Bob Corker unveiled legislation to check Trump's ability to impose tariffs despite personal objections from the president. Six Republicans and four Democrats signed on to the bill. (CNBC)
- As the clock ticks, House GOP leaders scramble to find a compromise on immigration (USA Today)
- Rising satisfaction with the U.S. economy has lifted Trump, but not the GOP campaign, to hold Congress in November midterm elections, according to a NBC News/Wall Street Journal poll, which measures how sustained economic strength affects both Trump and his party.
- House primaries results lift Dems' takeover hopes (NY Times)
- Democrats' interest in midterm elections running ahead of Republicans' (WSJ)
- The State Department brought a group of diplomats home from China over concern they were suffering from a mysterious illness that resembles a brain injury and has already affected U.S. personnel in Cuba. (Reuters)
- New aerial before-and-after photos of Hawaii's Big Island are showing the extent of the damage from the Kilauea volcano's latest explosion. Roughly 500 homes were in the path of the lava, and hundreds were destroyed. (ABC News)
- Investor Carl Icahn has acquired a small stake in Allergan (AGN), according to multiple reports. Icahn didn't comment on his investment, but Allergan told CNBC it welcomes all investments in the company.
- Johnson & Johnson (JNJ) received a $2.7 billion offer from industrial equipment-maker Fortive (FTV) for its medical equipment sterilization unit. J&J confirmed receiving the offer and said it had four months to accept it. (Reuters)
- CrossFit, the highly successful gym franchise, came under scrutiny after an Indianapolis-based location's owner canceled an LGBTQ Pride workout and an executive later called the idea a "sin." (CNBC)
- Despite announcing new features to curb harassment on its platform, such as offering filters for inappropriate content, social media company Twitter (TWTR) is still facing heat for harassment on its platform. (Axios)
- Former Qualcomm (QCOM) CEO Paul Jacobs is starting a new engineering company, called XCOM, with two former Qualcomm executives that will focus on next-generation, or 5G, wireless technology. (CNBC)
STOCK FUTURES NOW:
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TODAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
TODAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($YY $PANW $AVGO $DVMT $SIG $THO $OKTA $FIVE $DLTH $CLDR $HDS $AMBA $NAV $HQY $SJM $KNOP $COUP $FCEL $MTN $GWRE$HOME $OLLI $FRAN $GIIi $CPST $GCO $CSWC $VRA $FGP $ASNA $HLNE $NX $ROAD $MDB $SFIX $COO $SCWX $UNFI $SEAC $NCS $ZUMZ)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($OKTA $FIVE $THO $CLDR $SJM $MTN $FCEL $UNFI $MDB $FGP $HLNE $ABM $REVG $ZS $CMTL $GEF $CONN $SEAC $ADX $AMSC $GSHD $STRM)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
EARNINGS RELEASES 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:
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TODAY'S DIVIDEND CALENDAR:
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #5!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- BABA
- MDXG
- AXON
- UGAZ
- LRCX
- FIVE
- CRON
- AMD
- DGAZ
- T
- OKTA
- SJM
- THO
- CONN
- ENDP
- QCOM
- NXPI
- AGN
- AVGO
- CLDR
- MDB
- ZS
- VKTX
- AVHI
- BCLI
- JD
- K
- SPOT
- UNFI
- FSLR
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
J.M. Smucker – The food company missed estimates by 25 cents a share, with adjusted quarterly profit of $1.93 per share. Revenue also missed forecasts on weakness in the oils, peanut butter, and baking categories. Smucker also gave a weaker-than-expected full-year forecast.
STOCK SYMBOL: SJM
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Thor Industries – Thor missed estimates by 5 cents with quarterly profit of $2.53 per share, although the recreational vehicle maker's revenue came in slightly above forecasts. Thor said it is seeing headwinds coming due to U.S. tariffs on steel.
STOCK SYMBOL: THO
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Five Below – Five Below reported adjusted quarterly profit of 35 cents per share, beating estimates by 3 cents a share. The discount retailer's revenue was also above Street forecasts. Comparable-store sales were below forecasts for the first quarter, however, but Five Below issued upbeat revenue guidance for the current quarter.
STOCK SYMBOL: FIVE
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United Natural Foods – United Natural earned an adjusted $1.04 per share for its latest quarter, 11 cents a share above estimates. Revenue was also above forecasts, hitting a record high. The food supplier – which counts Amazon's Whole Foods among its customers – also raised its full-year forecast.
STOCK SYMBOL: UNFI
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Zscaler – Zscaler reported a quarterly loss of 2 cents per share, 6 cents a share smaller than forecasts. The cybersecurity company also saw better-than-expected revenue for its latest quarter, and the company gave an upbeat outlook for the current quarter.
STOCK SYMBOL: ZS
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Allergan – Investor Carl Icahn has acquired a small stake in the drugmaker, according to multiple reports. Icahn didn't comment on his investment, but Allergan told CNBC it welcomes all investments in the company.
STOCK SYMBOL: AGN
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Johnson & Johnson – J&J received a $2.7 billion offer from industrial equipment maker Fortive for its medical equipment sterilization unit. J&J confirmed receiving the offer and said it had four months to accept it.
STOCK SYMBOL: JNJ
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TrueCar – TrueCar was downgraded to "sell" from "neutral" at Goldman Sachs, which points to increasing competition for the car-buying service.
STOCK SYMBOL: TRUE
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Laboratory Corp. – LabCorp was upgraded to "overweight" from "sector weight" at KeyBanc, which said the medical lab operator would benefit from its contracts with UnitedHealth Group and Aetna.
STOCK SYMBOL: LH
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Cloudera – Cloudera lost 17 cents per share for the first quarter, a penny a share smaller than anticipated. The cloud software company's revenue came in above forecasts.
STOCK SYMBOL: CLDR
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MongoDB – MongoDB matched Street forecasts, with a first-quarter loss of 43 cents per share. The database company's revenue topped estimates. MongoDB reported a 48 percent jump in expenses, as it spent more on sales, marketing, and research and development.
STOCK SYMBOL: MDB
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AT&T – AT&T was cut to "hold" from "buy" at Jefferies, which said convergence and consolidation in pay-TV and telecom will result in slower growth and limited profit margin expansion.
STOCK SYMBOL: T
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Conn's – The retailer reported adjusted quarterly profit of 40 cents per share, beating the consensus estimate of 27 cents a share. Revenue beat forecasts as well, even though comparable-store sales fell 3.5 percent.
STOCK SYMBOL: CONN
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Vail Resorts – The resort operator reported quarterly earnings of $6.17 per share, 5 cents a share above estimates. Revenue also beat forecasts. Vail Resorts said season pass sales were up 12 percent in units compared to a year ago, and up 19 percent in dollar terms.
STOCK SYMBOL: MTN
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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 Thursday, June 7th, 2018! :)
Submitted June 07, 2018 at 10:30AM by bigbear0083 https://ift.tt/2kUw9tB
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