Good morning traders of the r/StockMarket sub! Welcome to Thursday! Here are your pre-market stock movers & news this morning-
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Frontrunning: August 2nd
- President Trump said today he looked forward to meeting Kim Jong Un soon and thanked the North Korean leader for sending the suspected remains of U.S. soldiers killed in the 1950-1953 Korean War back to the United States. (Reuters)
- Pence says return of remains show US progress on North Korea (WSJ)
- Trump suggested in a tweet that his former campaign chairman Paul Manafort — on trial on federal bank fraud and tax charges — is being treated "worse" than than "legendary mob boss, killer and 'Public Enemy Number One'" Al Capone. (CNBC)
- Manafort's lavish spending is cited by prosecution (NY Times)
- Manafort trial enters day two with major purchases in the spotlight(Axios)
- Senate GOP voted to block a Democratic push that would have provided $250 million to beef up election security. The votes fell almost entirely on party lines as only one Republican — Sen. Bob Corker — voted for the grant. (USA Today)
- The Trump administration will move today to revoke California's authority to set its own strict tailpipe emissions rules and mandate the sale of electric vehicles. The proposal is in line with Trump's decision to abandon the 2015 Paris climate deal. (Reuters)
- California Gov. Jerry Brown called the wildfire situation in the state part of "the new normal." He said California has the money to fight fires today, but cautioned things could get tighter in coming years due to a likely downturn. (CNBC)
- How this year's wildfire season compares to past years (Axios)
- Starbucks (SBUX) struck a partnership deal with China e-commerce giant Alibaba (BABA) to deliver its coffee in Chinese cities. It will also partner with Ele.me, a food delivery platform, to open 150 stores in Shanghai and Beijing. (CNBC)
- CBS (CBS) has retained two law firms to investigate allegations of improper behavior against Chairman and Chief Executive Officer Leslie Moonves. Claims of sexual misconduct against Moonves were detailed in a New Yorker article last week. (CNBC)
- Consumer tech giant Apple (AAPL) has a new share price threshold to hit $1 trillion in market value. The company revealed an adjusted outstanding share count of 4,829,926,000 alongside the company's third-quarter results. (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S IPO'S:
(CLICK HERE FOR THIS WEEK'S IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($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 $TTWO)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($TEVA $W $APRN $REGN $DWDP $MGM $ICPT $CI $AET $CTSH $DUK $RCL $YUM $HFC $MZOR $K $AMCX $CLX $CNQ $SFM $YRCW $GPN$APO $AVP $BDX $WRK $NRG $ABC $FND $EPAM $ZTS $VAC $ADAP $ICE $IDCC $PWR $PH $WLK $WEX $STOR $THS $PF $CNSL $CRS)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #4!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #5!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #6!)
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!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #4!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #5!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #6!)
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!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- TSLA
- SQ
- TEVA
- W
- MGM
- FEYE
- BABA
- ETP
- K
- ETE
- MZOR
- DXCM
- FIT
- EXAS
- REGN
- RACE
- RRGB
- YUM
- FTNT
- ALNY
- JD
- RCL
- CI
- ICE
- TRIP
- ATVI
- DWDP
- ICPT
- CENX
- VXX
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
DowDupont – The chemicals maker reported adjusted quarterly profit of $1.37 per share, 7 cents a share above estimates. Revenue also beating forecasts. The company also said it has now realized nearly $900 million in cost savings since the merger of Dow and DuPont last year.
STOCK SYMBOL: DWDP
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Cigna – The health insurer earned an adjusted $3.89 for the second quarter, above the consensus estimate of $3.33, while revenue beat forecasts as well. Cigna was helped by higher membership numbers and increased premiums.
STOCK SYMBOL: CI
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Tesla – Tesla lost $3.06 per share for its latest quarter, more than the loss of $2.92 per share that analysts had projected. The automaker's revenue beat estimates, and the automaker said it expects profitability on a GAAP basis during the second half of the year.
STOCK SYMBOL: TSLA
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Nike – The athletic footwear maker was rated "overweight" in new coverage at Morgan Stanley, which said Nike is in position to take more market share in a high growth global activewear market, and that it is successfully transitioning from a traditional business into a retail technology company.
STOCK SYMBOL: NKE
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Starbucks – Starbucks struck a partnership deal with China e-commerce giant Alibaba to deliver its coffee in Chinese cities.
STOCK SYMBOL: SBUX
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Sonos – Sonos priced its initial public offering at $15 per share, below the target range of $17 to $19 a share. The wireless speaker maker raised $38.3 million in the offering, and the shares will begin trading today on the Nasdaq.
STOCK SYMBOL: SONO
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Teva Pharmaceutical – Teva posted beats on both the top and bottom lines for its latest quarter, and raised its full-year forecast. However, sales of its flagship multiple sclerosis drug Copaxone fell nearly 50 percent in North America due to generic competition.
STOCK SYMBOL: TEVA
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Regeneron Pharmaceuticals – The drugmaker reported adjusted quarterly profit of $5.45 per share for its latest quarter, beating the consensus estimate of $4.70 a share. Revenue also beat forecasts, as sales of Regeneron's flagship eye treatment Eylea rose eight percent in the U.S. and 13 percent globally.
STOCK SYMBOL: REGN
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Yum Brands – The parent of KFC, Taco Bell, and Pizza Hut earned an adjusted 82 cents per share for the second quarter, eight cents above estimates. Revenue also topped forecasts, but a same-store sales increase of one percent was shy of the 1.98 percent consensus estimate as fewer customers ate at Pizza Hut locations.
STOCK SYMBOL: YUM
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Wynn Resorts – Wynn reported adjusted quarterly profit of $1.53 per share, short of the consensus $1.96 a share estimate. The hotel and casino operator's revenue also missed forecasts, although it did see stronger results from its Wynn Palace property in Macau.
STOCK SYMBOL: WYNN
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CBS – CBS has retained two law firms to investigate allegations of improper behavior against Chairman and Chief Executive Officer Leslie Moonves.
STOCK SYMBOL: CBS
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T-Mobile – T-Mobile beat estimates by 5 cents a share, with quarterly profit of 92 cents per share. The wireless carrier's revenue fell short of forecast. T-Mobile also added 686,000 new wireless subscribers during the quarter, more than Wall Street was anticipating.
STOCK SYMBOL: TMUS
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TripAdvisor – TripAdvisor came in 2 cents a share above estimates, with adjusted quarterly profit of 41 cents per share. The travel website operator's revenue came up short of Street forecasts. Traffic on TripAdvisor-branded websites and apps was up 10 percent from a year earlier.
STOCK SYMBOL: TRIP
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Square – Square reported adjusted quarterly profit of 13 cents per share for the second quarter, 2 cents a share above estimates. The mobile payments company's revenue also beat estimates, however Square issued weaker-than-expected current-quarter guidance.
STOCK SYMBOL: SQ
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JPMorgan Chase – JPMorgan said it is among the financial firms being probed by the Securities and Exchange Commission for their handling of American Depositary Receipts between 2011 and 2015. The bank said it is cooperating with the investigation.
STOCK SYMBOL: JPM
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U.S. Steel – U.S. Steel beat estimates by 33 cents a share, with adjusted quarterly profit of $1.46 per share. Revenue topped forecasts, as well. The company boosted prices and lifted production following the imposition of tariffs on imported steel in March.
STOCK SYMBOL: X
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Yum China – Yum China came in three cents above estimates with quarterly earnings of 33 cents per share, although the China-based restaurant operator's revenue was slightly shy of forecasts. Comparable store sales fell a greater than expected one percent, with analysts having anticipated a 0.6 percent decline.
STOCK SYMBOL: YUMC
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Barclays – Barclays saw profits nearly triple for the second quarter, coming in above analysts' estimates, and the British bank will pay a greater-than-expected dividend.
STOCK SYMBOL: BCS
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Walmart – Walmart was sued by Silicon Valley-based Zest Labs for $2 billion. Zest claims Walmart stole its technology designed to extend the shelf life of produce. Walmart said it respects the intellectual property rights of others and would respond to the complaint in court.
STOCK SYMBOL: WMT
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Fitbit – Fitbit reported a smaller-than-expected quarterly loss, on stronger than expected sales of its newer smartwatches.
STOCK SYMBOL: FIT
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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, August 2nd, 2018! :)
Submitted August 02, 2018 at 09:31AM by bigbear0083 https://ift.tt/2Kqh5hI
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