Good morning traders of the r/StockMarket sub! Welcome to Monday! Here are your pre-market stock movers & news this morning-
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Frontrunning: July 30th
- President Donald Trump called on Congress to enact sweeping immigration reform, including a border wall along the U.S.-Mexico border, and threatened a federal government shutdown if Democrats refused to back his proposals. (CNBC)
- CNBC has learned that the political network funded by billionaire industrialist Charles Koch, Freedom Partners, is unveiling the latest phase in a multi-million-dollar campaign against import tariffs implemented by Trump.
- Charles Koch, network send GOP a message: We're happy to back Democrats who share our policy goals (CNBC)
- BMW will hike prices on 2 US-manufactured SUVs in China to cope with tariffs (Reuters)
- Trump told talk show host Sean Hannity that he could imagine the economy growing at 8 or 9 percent — just hours after the Bureau of Economic Analysis showed that GDP rose 4.1 percent in the second quarter of this year.
- New York Times publisher chides Donald Trump over 'fake news' claims (USA Today)
- Supreme Court Justice Ruth Bader Ginsburg, 85, said in New York she hopes to stay on the Supreme Court for at least five more years, according to CNN. She has already hired law clerks for at least two more terms.
- The trial of Trump's onetime campaign chairman, Paul Manafort, will begin this week. Manafort's financial crimes trial, the first arising from special counsel Robert Mueller's investigation, will center on his Ukrainian consulting work. (AP)
- The death toll from a Northern California wildfire rose to five with the discovery of remains believed to be those of a missing elderly woman and her two great-grandchildren. More than 38,000 people remained under evacuation orders Sunday around the city of Redding. (Reuters)
- The Wall Street Journal reported, citing sources, that American Express' (AXP) foreign-exchange unit for more than a decade recruited business clients with offers of low currency-conversion rates before quietly raising their prices.
- The board of CBS (CBS) will be discussing misconduct allegations today against CEO Leslie Moonves, according to multiple reports. Those allegations came in a New Yorker magazine article, followed by a statement from Moonves that he regretted making some women uncomfortable by making advances.
- A system-wide computer outage at American Airlines resulted in a brief nationwide halt Sunday for the company's flights. American's outage ranged across U.S. cities, with customers complaining of delays from Chicago to Minneapolis. (CNBC)
- Starbucks (SBUX) is partnering with food delivery platform Ele.me for deliveries in China, according to a report in the South China Morning Post. Ele.me is controlled by Chinese online retail giant Alibaba (BABA).
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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FRIDAY'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:
(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:
($AAPL $TSLA $CAT $SQ $CHK $SHOP $BIDU $STX $IQ $SOGO $AKS $X $BP $PG $ON $ATVI $PFE $WYNN $FIT $TEVA $FDC $TNDM $MRO$WLL $ANET $L $LL $FTR $SLCA $CMI $ILMN $REGN $SNE $W $IOTS $P $APRN $SEDG $BAH $RIG $EXEL $GPRO $NVRO $TTWO)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($CAT $STX $SOGO $ON $FDC $L $PGTI $BAH $CNA $ARLP $DO $EXP $KBR $SPG $CRCM $BMCH $AMG $LXRX $BLMN $AER $OIS $VET$SOHU $HAIR $TXMD $KMPR $MYE $MCY $CYOU $IPHS $DSPG $FFWM $PROV)
(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 LINK #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
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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!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- AWX
- SOGO
- CAT
- RDHL
- SRAX
- TXMD
- STX
- BBGI
- KMPR
- AMD
- PGTI
- AMG
- SPG
- FDC
- DSPG
- TSN
- AMCX
- CVI
- YRD
- LXRX
- ARLP
- SNNA
- CRCM
- MYE
- WSC
- DO
- LSTR
- BLMN
- UNM
- CNA
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Caterpillar – Caterpillar earned an adjusted $2.97 per share for the second quarter, compared to a consensus estimate of $2.73. Revenue also beat forecasts, and Caterpillar raised its full-year earnings outlook, as well. The heavy equipment maker said order rates are healthy and its backlog remains solid.
STOCK SYMBOL: CAT
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CBS — The CBS board will be discussing misconduct allegations today against CEO Leslie Moonves, according to multiple reports. Those allegations came Friday in a New Yorker magazine article, followed by a statement from Moonves that he regretted making some women uncomfortable by making advances but that he abided by the principle that "no means no."
STOCK SYMBOL: CBS
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American Express – The company's foreign exchange department allegedly routinely increased currency conversion rates without telling customers, according to a story in today's Wall Street Journal. Sources told the paper the practice dates back to 2004 and continued until early this year. In response, Amex said it offered competitive foreign exchange rates that were completely transparent to clients and available for perusal before execution.
STOCK SYMBOL: AXP
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First Data – The e-commerce technology company beat Street forecasts by 2 cents a share, with adjusted quarterly profit of 39 cents per share. Revenue also topped estimates and First Data raised its full-year revenue guidance.
STOCK SYMBOL: FDC
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Walmart – Walmart is exploring the idea of starting a subscription video streaming service, according to a Wall Street Journal report. Planning is still in the early stages and the project has not been given an official go-ahead.
STOCK SYMBOL: WMT
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AT&T – Bank of America/Merrill Lynch upgraded AT&T to "buy" from "neutral" based on the lowest price-to-earnings multiple in two decades, as well as benefits from its Time Warner purchase, among other factors.
STOCK SYMBOL: T
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Bloomin' Brands – The parent of Outback Steakhouse and other restaurant chains reported adjusted quarterly profit of 38 cents per share, 9 cents a share above estimates. U.S. comparable-restaurant sales were up 2.4 percent, however revenue missed forecasts and the company also cut its full-year earnings outlook.
STOCK SYMBOL: BLMN
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U.S. Foods – The food distribution company will buy the five operating companies of Services Group of America for $1.8 billion in cash. Separately, U.S. Foods reported adjusted quarterly profit of 57 cents per share, falling 1 cent a share shy of Street forecasts.
STOCK SYMBOL: USFD
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MGM Resorts – MGM signed a joint venture deal with Britain's GVC Holdings to set up an online betting platform in the United States. GVC is among British betting companies seeking to become involved in the U.S. sports betting market following a Supreme Court decision that lifted a sports betting ban.
STOCK SYMBOL: MGM
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21st Century Fox, Walt Disney – Fox and Disney shareholders approved the sale of Fox assets to Disney on Friday, but a Bloomberg report this morning suggests that approval in China could be a concern amid escalating trade tensions. The deal has been approved by the Justice Department, but still needs approval from 15 other global regulators including China. Here's what consumers can expect.
STOCK SYMBOL: FOXA
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STOCK SYMBOL: DIS
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Synchrony Financial – Synchrony was downgraded to "equal weight" from "overweight" at Barclays, which cites the loss of the company's credit card deal with Walmart.
STOCK SYMBOL: SYF
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Juniper Networks – Juniper was upgraded to "buy" from "hold" at Deutsche Bank, which points to valuation and improving fundamentals for the maker of networking equipment.
STOCK SYMBOL: JNPR
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Starbucks – The coffee chain is partnering with food delivery platform Ele.me for deliveries in China, according to a report in the South China Morning Post. Ele.me is controlled by Chinese online retail giant Alibaba.
STOCK SYMBOL: SBUX
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Amazon.com – Amazon is gamed by "click farms" and other methods to boost prospects for certain products, according to the Wall Street Journal.
STOCK SYMBOL: AMZN
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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, July 30th, 2018! :)
Submitted July 30, 2018 at 09:04AM by bigbear0083 https://ift.tt/2vjOc1a
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