Good morning traders of the r/StockMarket sub! Welcome to Friday and the final trading day of August! Here are your pre-market stock movers & news this morning-
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Frontrunning: August 31st
- Canada has until the end of today to join the new NAFTA deal that the U.S. and Mexico struck, which President Donald Trump coined "The United States-Mexico Trade Agreement." Trump has said he's optimistic Canada will join.
- Trump told Bloomberg that if the World Trade Organization didn't "shape up" he would pull the U.S. out. The president's comments follow previous reports that Trump had told White House aides that he wanted to withdraw from the WTO.
- The 60-day window closes next week for special counsel Robert Mueller to take any more actions before the midterm season officially kicks off. There's speculation that something might come as early as today. (Politico)
- A federal judge gave special counsel Mueller extra time he had requested to decide whether to seek a retrial for former Trump campaign boss Paul Manafort on the 10 criminal charges that jurors deadlocked on last week. (CNBC)
- CNBC has learned Trump's legal team hopes Emmet Flood will not replace Don McGahn as head of the White House counsel's office and remain in his position as one of the lead attorneys fighting against Mueller's probe.
- Trump, speaking to a campaign-style rally in Indiana, warned that the Justice Department and the FBI must "start doing their job and doing it right" or "I will get involved." He has suggested its leadership is bias against Republicans. (Reuters)
- President Trump will be in North Carolina where he is expected to sign today an executive order that will make it easier for small businesses to group together to provide their workers with retirement plans. (USA Today)
- Trump: Civilian government employees won't receive raises in 2019 (CNBC)
- Arizona Sen. John McCain's casket landed at Joint Base Andrews in Maryland last night. On Saturday, a motorcade will take the late senator along Constitution Avenue to the Vietnam Veterans Memorial. (USA Today)
- At McCain's memorial, tears, laughs and allusions to the man not invited (NY Times)
- The Pentagon announced that Boeing won a contract worth $805 million to build the Navy's first four carrier-based unmanned aerial refueling tankers. The MQ-25 Stingray drone tankers will launch from a ship and refuel Navy fighter jets in midair. (CNBC)
- The Wall Street Journal reported that the U.S. Securities and Exchange Commission wants to make it easier for individuals to invest in private companies. The commission is also weighing an overhaul of rules intended to protect mom-and-pop investors.
- Apple (AAPL) is set to reveal its latest lineup of products on Sept. 12 at the Steve Jobs Theater on the tech giant's campus in Cupertino, California, it announced in an invitation to media. This year's unveiling is rumored to be impressive even by Apple's standards. (CNBC)
- Exclusive: This is 'iPhone XS' — design, larger version, and gold colors confirmed (9 to 5 Mac)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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NEXT WEEK'S ECONOMIC CALENDAR:
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NEXT MONTH'S IPO'S:
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NEXT WEEK'S EARNINGS CALENDAR:
()
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($LULU $NTNX $ULTA $ZUO $BIG $AMBA $YEXT $ABOC $PAGS $COO $MEIP $RUBY $ATEN $CANG)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
(CLICK HERE FOR THIS MORNING'S PRE-MARKET EARNINGS RELEASES!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
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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(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- LULU
- NTNX
- EA
- BIG
- CRON
- KO
- ZUO
- AMBA
- ATVI
- VSTM
- ULTA
- IDTI
- AOBC
- YEXT
- LTRX
- NULS.X
- CNX
- SBUX
- TTM
- SGMO
- ARWR
- ADVM
- PBR
- DWT
- DLTR
- AAPL
- SQ
- PVH
- CDMO
- CIEN
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Coca-Cola – Coca-Cola struck a deal buy Costa, the world's second-largest coffee chain, from Britain's Whitbread for $5.1 billion, including assumed debt. Costa has nearly 4,000 locations across a variety of international markets.
STOCK SYMBOL: KO
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Lululemon – Lululemon reported second-quarter profit of 71 cents per share, well above the consensus estimate of 49 cents a share. The athletic apparel maker's revenue also beat Wall Street forecasts. Lululemon's results were helped by a big boost in online sales, and the company gave an upbeat outlook for both the current quarter and the full year.
STOCK SYMBOL: LULU
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Ulta Beauty – Ulta beat estimates by 5 cents a share, with quarterly profit of $2.46 per share. The cosmetics retailer's revenue matched Street forecasts, however Ulta gave weaker-than-expected guidance on both earnings and comparable-store sales.
STOCK SYMBOL: ULTA
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Big Lots – The discount retailer reported quarterly profit of 59 cents per share, 8 cents a share below estimates. Revenue also came in slightly below Street forecasts. Big Lots reported a better-than-expected 1.6 percent increase in comparable-store sales, but the company also gave weaker-than-expected full-year earnings guidance.
STOCK SYMBOL: BIG
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American Outdoor Brands – The company reported adjusted quarterly profit of 21 cents per share, 9 cents a share above estimates. The Smith & Wesson parent's revenue also beat forecasts, helped by new products and reduced discounts. The company also issued stronger-than-expected guidance for the current quarter.
STOCK SYMBOL: AOBC
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Ambarella – Ambarella nearly doubled the consensus estimate of 13 cents per share for its second quarter, reporting profit of 25 cents per share. The chip maker and GoPro supplier's revenue came in slightly above forecasts, however shares are being pressured by a revenue outlook that falls well below analysts' estimates.
STOCK SYMBOL: AMBA
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Campbell Soup – Campbell is facing an accelerated effort by shareholder Third Point to replace the food maker's board members, according to a Reuters report. Third Point is said to be unconvinced that the food maker adequately explored selling the entire company, after its announcement Thursday that it was putting its international and refrigerated foods units up for sale.
STOCK SYMBOL: CPB
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Tesla — BlackRock funds voted in favor of a recent shareholder proposal to replace Tesla CEO Elon Musk with an independent chairman, according to a Securities and Exchange Commission filing by the asset manager. The proposal was unsuccessful, and would not have affected Musk's status as the automaker's CEO.
STOCK SYMBOL: TSLA
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Nutanix – Nutanix lost an adjusted 11 cents per share for its fiscal fourth quarter, compared to the 21 cents a share loss that Wall Street had been expecting. The cloud computing company's revenue exceeded Street forecasts, although it did predict lower-than-expected revenue for the current quarter, as well as a bigger-than-expected loss.
STOCK SYMBOL: NTNX
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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 Friday, August 31st, 2018! :)
Submitted August 31, 2018 at 08:45AM by bigbear0083 https://ift.tt/2MCXMrs
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