Good morning traders of the r/StockMarket sub! Welcome to Tuesday! Here are your pre-market stock movers & news this morning-
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Frontrunning: August 7th
- The first set of sanctions by the United States against Iran that had been eased under the landmark 2015 nuclear accord went back into effect early today under an executive order signed by President Donald Trump. (AP)
- US aims to crush Iran oil sector in next wave of sanctions (CNBC)
- Oil rises as renewed US sanctions on Iran seen tightening supply(Reuters)
- China's state media continued its aggressive rhetoric against Trump, accusing Washington of being "double-faced" amid an ongoing trade dispute. One paper said that Beijing would overcome the U.S. "trade blackmail." (CNBC)
- The US and India are squaring off on trade. That spells trouble for Modi (CNBC)
- A new report said the cost of Trump's U.S.-Mexico border wall could be much higher than previously thought because the administration has not accounted for factors that can add on to the price, including the price of land in Texas. (USA Today)
- Rick Gates, the star witness in Robert Mueller's fraud and conspiracy trial against former Trump campaign chair Paul Manafort, told prosecutors Manafort directed him to report overseas income as loans as a way to lower his taxable income. (CNBC)
- Wildfires ripped through trees and brush in California, rampaging up hillsides and incinerating neighborhoods. Twin fires being treated as one incident north of San Francisco became the largest wildfire in state history, destroying 443 square miles. (AP)
- Alibaba (BABA) will reportedly merge its food delivery units and raise funds for the combined business, according to a Reuters report. The company is reportedly looking to raise between $3 billion and $5 billion for the combined entity.
- PepsiCo (PEP) CEO Indra Nooyi, an iconic leader, announced she would step down in October, shrinking the number of women leading some of America's largest companies. Women represent less than 5 percent of chief executives in the S&P 500. (CNBC)
- Tesla (TSLA) began hiring for its new Shanghai factory, according to job postings on its website, just a month after the U.S. electric vehicle (EV) maker signed agreements with local authorities for the $2 billion project. (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($SNAP $ROKU $HEAR $DIS $DBX $CVS $TSN $TWLO $TRXC $WTW $ETSY $CAH $WB $BKNG $AAOI $NWL $LONE $OLED $SRE $JEC $BCC$SRPT $MTCH $AAXN $TEUM $SEAS $TTD $GWPH $DNR $BHC $NKTR $GOOS $ICHR $KORS $CTL $HTZ $MELI $CTB $PLUG $DDD $MAR $TA)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($TRXC $DNR $BHC $USCR $DISCA $IONS $SN $MNK $ALBO $CROX $ODP $EMR $LPX $ZBRA $ONCE $VSH $FOLD $EGN $DF $LGIH $ARMK$CVGI $PPL $DQ $LABL $EXPD $GDP $AES $ACM $BIOS $NGL $CHFS $SAGE $RDUS $EGRX $FSS $JELD $KPTI $ATKR $ATRS $BR)
(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!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!)
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(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!)
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 #2!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- TRXC
- BHC
- ARRY
- HEAR
- SNAP
- MNK
- DIS
- TWLO
- ONCE
- ETSY
- WTW
- BZUN
- Z
- RDUS
- IBB
- SAGE
- XRAY
- SCG
- UVXY
- AMRS
- MACK
- ZBRA
- GSKY
- ZG
- NPTN
- NVDA
- TGTX
- MTCH
- DF
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Cigna – The health insurer's $54 billion deal to buy pharmacy benefits manager Express Scripts will be opposed by activist investor Carl Icahn, who issued an open letter to Cigna shareholders. Icahn calls the deal a "folly" and that it carries a "ridiculous" price tag, and adds that Amazon.com represents an "existential threat" to pharmacy benefit managers.
STOCK SYMBOL: CI
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Bausch Health – The company formerly known as Valeant Pharmaceuticals beat Street forecasts on both the top and bottom lines for its latest quarter, as well as slightly raising its adjusted full-year revenue forecast.
STOCK SYMBOL: BHC
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Mallinckrodt – The British drugmaker earned an adjusted $1.78 per share for its latest quarter, 30 cents a share above consensus estimates. Revenue also beat analysts' forecasts, and the company raised its full-year sales growth guidance.
STOCK SYMBOL: MNK
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Dean Foods – The dairy producer matched forecasts with adjusted quarterly profit of 16 cents per share, with revenue beating forecasts. However, the company slashed its full-year earnings forecast due to non-dairy cost inflation, as well as other factors.
STOCK SYMBOL: DF
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Marriott – Marriott reported adjusted quarterly profit of $1.73 per share, beating the consensus estimate of $1.38 a share. The hotel operator's revenue came in shy of Street forecasts, however, and the company also gave a weaker-than-expected forecast for current-quarter revenue per available room – a key hotel industry metric – although it kept its full year forecast for that metric unchanged.
STOCK SYMBOL: MAR
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Hertz Global – Hertz lost 19 cents per share for its latest quarter, smaller than the 24 cents a share loss anticipated by Wall Street. The car rental company's revenue beat estimates, and Hertz said it saw growth across all of its business segments.
STOCK SYMBOL: HTZ
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Etsy – Etsy fell a penny a share short of forecasts, with quarterly profit of 3 cents per share. The online crafts marketplace operator's revenue beat estimates and it also boosted its full-year guidance for revenue and gross merchandise sales.
STOCK SYMBOL: ETSY
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Weight Watchers – Weight Watchers reported quarterly profit of $1.10 per share, 13 cents a share above estimates. The weight loss company's revenue beat forecasts. Weight Watchers reported a 28 percent year-over-year jump in subscribers, and raised its full year earnings forecast.
STOCK SYMBOL: WTW
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Zillow – Zillow came in 3 cents a share above estimates, with adjusted quarterly profit of 13 cents per share. The real estate website operator's revenue missed forecasts. Zillow also issued weaker-than-expected full-year revenue guidance. Separately, the company announced it was buying Mortgage Lenders of America, currently a Zillow advertiser, for an undisclosed amount.
STOCK SYMBOL: Z
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Twilio – Twilio earned an adjusted 3 cents per share for its latest quarter, compared to analysts' expectations of a 5 cents per share loss. The cloud communications company's results were helped by growth in its voice and messaging products, among other factors.
STOCK SYMBOL: TWLO
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GlaxoSmithKline – Glaxo named Iain Mackay as the drugmaker's new chief financial officer as of January 14, 2019. Mackay will join Glaxo from his current role as CFO at banking giant HSBC.
STOCK SYMBOL: GSK
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Alibaba – Alibaba will reportedly merge its food delivery units and raise funds for the combined business, according to a Reuters report.
STOCK SYMBOL: BABA
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Alcoa – Alcoa is asking the U.S. for an exemption on aluminum purchased from Canada. Alcoa said no U.S.-based aluminum producer can meet its specifications and quality requirements for aluminum used in the manufacture of beverage cans.
STOCK SYMBOL: AA
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Allstate, Progressive – The two insurers were rated "outperform" in new coverage at Credit Suisse, saying they are positioned to benefit from telematics technology that tracks precise information about the cars and drivers they insure.
STOCK SYMBOL: ALL
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STOCK SYMBOL: PGR
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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 Tuesday, August 7th, 2018! :)
Submitted August 07, 2018 at 09:05AM by bigbear0083 https://ift.tt/2AOOe7b
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