Monday, September 10, 2018

(9/10) - Monday's Stock Market Movers & News

Good morning traders of the r/StockMarket sub! Welcome to a new trading week! Here are your stock market news & movers on this Monday morning-


(CLICK HERE TO VIEW THE FULL SOURCE!)

Frontrunning: September 10th

  • China will respond if the United States takes any new steps on trade, the foreign ministry vowed today, after President Donald Trump warned he was ready to slap tariffs on virtually all Chinese imports into the United States. (Reuters)
  • Trump risks backlash for GOP in six key states if he expands China trade war (CNBC)
  • Trump said he wants Attorney General Jeff Sessions to investigate the identity of the author of an anonymous op-ed that was published in The New York Times on Wednesday. The president cited for national security reasons. (CNBC)
  • The Trump administration is expected to announce today it will close the Palestine Liberation Organization's office in Washington, widening a campaign of pressure amid stalled Middle East peace efforts. (WSJ)
  • House Republicans plan to unveil another round of tax cuts this week, hoping to draw a sharp contrast between themselves and Democrats ahead of the Nov. 6 congressional elections. (Reuters)
  • Former President Barack Obama, now on the campaign trail before the midterm elections, countered Trump by noting that the U.S. economic recovery started during his own presidency. (NY Times)
  • Axios reported Trump is expected to declassify documents covering the government's surveillance of Trump campaign adviser Carter Page and the investigative activities of senior Justice Department lawyer Bruce Ohr.
  • Hurricane Florence today is rapidly intensifying southeast of Bermuda. It is likely to lash the East Coast later this week with life-threatening storm surge, destructive winds and massive inland rainfall flooding. (The Weather Channel)
  • A proposed ballot measure backed by California doctors to tax sugary drinks was given the nod by the state to start collecting signatures to qualify for the 2020 ballot. The measure seeks to use state taxes on the drinks to fight childhood obesity. (CNBC)
  • Apple (AAPL) is holding a big event at its new headquarters on Wednesday where it's expected to announce several new products. CNBC's Todd Haselton breaks down what new products the U.S. consumer tech giant may introduce.

STOCK FUTURES NOW:

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FRIDAY'S MARKET HEAT MAP:

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FRIDAY'S S&P SECTORS:

(CLICK HERE FOR FRIDAY'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 MONTH'S UPCOMING IPO'S:

(CLICK HERE FOR THIS MONTH'S UPCOMING IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($ADBE $KR $PLAY $PVTL $SONO $FRAN $TLRD $SKIS $CASY $LMNR $BRC $MTRX $SAIC $EYPT $LAKE $CDMO $COOL $FARM $AGTC $IRET$OXM $PTN $ACET $RLGT $CSBR $PCYG $STRM $ERYP $LOVE $MAMS)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

()

([CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!]())

NONE.


EARNINGS RELEASES BEFORE THE OPEN TODAY:

([CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!]())

NONE.


EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

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!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • SNAP
  • AAPL
  • OSTK
  • CLDR
  • ECYT
  • CBS
  • COOL
  • ASML
  • EROS
  • AAXN
  • HIMX
  • SNE
  • SONO
  • DIN
  • AUPH
  • NBIX
  • RIO
  • AEP
  • NVS
  • TXRH
  • TLRY
  • AKAM
  • WBA
  • OC
  • FXB
  • NI
  • USAT
  • URI
  • TMK
  • KMT

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Tesla – The electric automaker continues to lose senior leadership, with C-suite executives Dave Morton and Gaby Toledano becoming the latest of 41 total executives who have left Tesla this year. Analysts at Baird said in a note Monday to buy Tesla stock "even with drama," as the firm "recently toured the Fremont factory and came away incrementally positive."

STOCK SYMBOL: TSLA

(CLICK HERE FOR LIVE STOCK QUOTE!)

CBS – Leslie Moonves is stepping down as chairman, president, and CEO "effective immediately," the company announced Sunday evening, following numerous allegations of sexual misconduct that spanned much of his career. COO Joseph Ianniello will step in as acting president and CEO "while the Board conducts a search for a permanent successor," CBS said.

STOCK SYMBOL: CBS

(CLICK HERE FOR LIVE STOCK QUOTE!)

Apple – President Donald Trump tweeted that the technology giant should make products in the U.S. if it wants to avoid tariffs on Chinese goods, sending shares of Apple suppliers tumbling across Asia. Apple told U.S. officials Friday that proposed tariffs by Washington in an escalating trade war with China would affect prices for a "wide range" of Apple items.

STOCK SYMBOL: AAPL

(CLICK HERE FOR LIVE STOCK QUOTE!)

Alibaba – The Chinese e-commerce giant said Monday that CEO Daniel Zhang will succeed Jack Ma as chairman of the board in 12 months. Ma will remain as executive chairman until then to smooth the transition.

STOCK SYMBOL: BABA

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Amazon – Citi raised its price target on Amazon stock to $2,250 per share from $2,100 per share, noting the e-commerce company's Prime membership growth as "a key reason why brands and third-party sellers are increasingly relying on Amazon's marketplace."

STOCK SYMBOL: AMZN

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Campbell Soup – Chief Operating Officer Luca Mignini is the top internal contender for CEO, Reuters said in a report, as the company attempts to find of a proxy board challenge from hedge fund Third Point.

STOCK SYMBOL: CPB

(CLICK HERE FOR LIVE STOCK QUOTE!)

Snap – Imran Khan is stepping down as chief strategy officer, the social media company announced Monday.

STOCK SYMBOL: SNAP

(CLICK HERE FOR LIVE STOCK QUOTE!)

Riot BlockChain – CEO and chairman of Riot BlockChain, John O'Rourke, resigned in the wake of charges by the Securities and Exchange Commission against him for alleged fraud in connection with other companies. Riot BlockChain was not part of the SEC complaint and the company did not specify a reason for the resignation.

STOCK SYMBOL: RIOT

(CLICK HERE FOR LIVE STOCK QUOTE!)

United Rentals – The board of United Rentals unanimously approved the company's acquisition of equipment rental company BlueLine from Platinum Equity for about $2.1 billion in cash, United Rentals announced Monday.

STOCK SYMBOL: URI

(CLICK HERE FOR LIVE STOCK QUOTE!)

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, September 10th, 2018! :)



Submitted September 10, 2018 at 09:21AM by bigbear0083 https://ift.tt/2Nzc7Vu

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