Good morning traders of the r/StockMarket sub! Welcome to Tuesday! Here are your stock market movers & news this morning-
(CLICK HERE TO VIEW THE FULL SOURCE!)
Frontrunning: September 18th
- President Donald Trump will impose 10 percent tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25 percent at the end of the year. The action heightens the conflict between the world's two largest economies. (CNBC)
- In response, China's commerce ministry said today it has no choice but to retaliate against the latest round of U.S. tariffs in order to safeguard its rights and interest in a free trade world. China also said the U.S. has not been "sincere." (CNBC)
- The Apple (AAPL) Watch and various other consumer gadgets are being exempted from the newest round of tariffs on goods imported from China. Some Apple products, including the MacMini, will still be affected. (CNBC)
- iPhone Xs and iPhone Xs Max review (CNBC)
- Macy's (M) CEO Jeffrey Gennette told Recode's Code Commerce event that tariffs will start to effect Macy's and other department stores more significantly than other businesses because of their impact on apparel.
- The Senate Judiciary Committee will hold a public hearing next Monday, at which Supreme Court nominee Brett Kavanaugh and a woman who alleges that he sexually assaulted her will have the opportunity to testify under oath. (CNBC)
- Trump on Kavanaugh: 'If it takes a little delay,' that's OK (CNBC)
- Rising flood waters threatened communities across the Carolinas today and forecasters warned heavy rains could cause flashing flooding. Florence menaced the U.S. Northeast with heavy rains and tornadoes after killing at least 32 people. (Reuters)
- White House economic advisor Larry Kudlow doubts Republicans can push another round of tax cuts through Congress before November's midterm elections. Even if the House GOP passes a tax bill, it is unlikely to get through the Senate. (CNBC)
- Gary Cohn, the White House's former top economic advisor, told Reuters that Jamie Dimon would make a "phenomenal president"days after the J.P. Morgan Chase (JPM) chief executive said he could beat Trump in an election.
- Amazon (AMZN) plans to release at least eight new Alexa-related products before the end of the year, according to sources who spoke to CNBC. The devices include microwave ovens and an in-car gadget, with full details to be released later this month.
- Japanese billionaire Yusaku Maezawa put down a significant deposit with SpaceX to become the first ever private tourist to fly around the moon on the company's Big Falcon Rocket. The mission is expected to launch in 2023. (CNBC)
- Space junk is a big problem and it's going to get worse (CNBC)
- Kimbal Musk, brother of Elon Musk and Tesla board member, said the CEO is working hard for shareholders and the company's focus remains on delivering the Model 3. Tesla has struggled with nearly chronic production and delivery delays. (CNBC)
STOCK FUTURES NOW:
(CLICK HERE FOR STOCK FUTURES CHARTS!)
YESTERDAY'S MARKET HEAT MAP:
(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'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:
($MU $ORCL $FDX $AZO $RHT $GIS $CBRL $DRI $APOG $THO $UNFI $CPRT $MLHR $SCS $SMMT $AMRK)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($ORCL $AZO $FDX $GIS $CBRL $APOG)
(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!]())
NONE.
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:
- VKTX
- FB
- XRP.X
- UVXY
- TLRY
- ORCL
- MDGL
- TVIX
- ENB
- SPY
- FDX
- GIS
- EEP
- CBRL
- AZO
- RDCM
- EEQ
- THO
- ATHN
- RHT
- UNP
- VXX
- NDAQ
- MA
- AMZN
- FISV
- IPAR
- FTNT
- UTX
- FANG
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
AutoZone – The autoparts retailer earned an adjusted $18.54 per share for its fiscal fourth quarter, beating the consensus estimate of $17.92 a share. Revenue missed forecasts, however, and a same-store sales increase of 2.2 percent was also slightly below estimates.
STOCK SYMBOL: AZO
(CLICK HERE FOR LIVE STOCK QUOTE!)
General Mills – The food company came in 7 cents a share above estimates, earning an adjusted 71 cents per share for its first quarter, though revenue missed forecasts. General Mills also reiterated its full-year forecast.
STOCK SYMBOL: GIS
(CLICK HERE FOR LIVE STOCK QUOTE!)
Visa, Mastercard – The two payment processors signed an amended settlement agreement related to a merchant fee lawsuit filed in 2005 and originally settled in 2012. Visa will pay an additional $600 million, while Mastercard pays another $108 million.
STOCK SYMBOL: V
(CLICK HERE FOR LIVE STOCK QUOTE!)
STOCK SYMBOL: MA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Walmart – The retailer's stock was rated "outperform" in new coverage at BMO Capital, saying Walmart is uniquely positioned among U.S. retailers for long-term e-commerce profitability.
STOCK SYMBOL: WMT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Graham Holdings - Graham's Kaplan Test Prep unit bought the test prep business of Barron's for an undisclosed amount. As part of the transaction, Kaplan acquired the rights to the Barron's brand name.
STOCK SYMBOL: GHC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Alphabet – Alphabet's Google unit is partnering with the Renault-Nissan-Mitsubishi alliance to use its Android operating system in automobile media displays.
STOCK SYMBOL: GOOGL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple — The Apple Watch and various other consumer gadgets are being exempted from the newest round of tariffs on goods imported from China.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com – Amazon plans to release at least eight new Alexa-related products before the end of the year, according to sources who spoke to CNBC. The devices include microwave ovens and an in-car gadget, with full details to be released at an event later this month.
STOCK SYMBOL: AMZN
(CLICK HERE FOR LIVE STOCK QUOTE!)
FedEx – FedEx reported adjusted quarterly profit of $3.46 per share, falling short of the $3.81 a share consensus estimate, although its revenue did beat Street forecasts. FedEx said its results were impacted by a move to accelerate pay raises following tax reform, and the company did raise its full-year earnings guidance.
STOCK SYMBOL: FDX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Oracle – Oracle beat estimates by 2 cents a share, with adjusted quarterly profit of 71 cents per share. The business software company's revenue fell slightly below forecasts, however, amid disappointing sales in its cloud services and license support unit.
STOCK SYMBOL: ORCL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Athenahealth — Elliott Management has backed away from its potential $160 per share bid for Athenahealth, according to the New York Post. Investor Paul Singer's firm had said in May it was willing to pay that price — a total of $6.9 billion — contingent on due diligence. Sources tell the paper that Singer may be mulling a bid for the health software company at a lower price.
STOCK SYMBOL: ATHN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Avon Products – Avon was recently approached by Brazilian cosmetics company Natura Cosmeticos about a possible takeover, according to sources quoted by Dow Jones. However, the sources say the talks are not serious and Avon is focused on a turnaround.
STOCK SYMBOL: AVP
(CLICK HERE FOR LIVE STOCK QUOTE!)
Macy's – CEO Jeffrey Gennette told Recode's Code Commerce event that tariffs will start to effect Macy's and other department stores more significantly than other businesses because of their impact on apparel. Gennette added that the company is taking a variety of steps to address that issue.
STOCK SYMBOL: M
(CLICK HERE FOR LIVE STOCK QUOTE!)
Symantec – Symantec named three nominees from activist investor Starboard Value to its board of directors. Starboard had taken a stake in the cybersecurity software company last month, and had nominated five director candidates.
STOCK SYMBOL: SYMC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Netflix – The video streaming service tied with AT&T's HBO in last night's Emmy Awards, with each receiving 23.
STOCK SYMBOL: NFLX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Marsh & McLennan – Marsh & McLennan is buying U.K.-based insurance brokerage for $5.7 billion in cash. The move will boost the U.S. insurer's specialty risk and global reinsurance operations.
STOCK SYMBOL: MMC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Univar – The chemical company is buying chemical and plastics distributor Nexeo for $2 billion in cash and stock, valuing it at $11.65 per share. Nexeo, whose stock had closed Monday at $10.01 per share, had been bought two years ago for $1.6 billion by a company run by now-Commerce Secretary Wilbur Ross.
STOCK SYMBOL: UNVR
(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 Tuesday, September 18th, 2018! :)
Submitted September 18, 2018 at 08:49AM by bigbear0083 https://ift.tt/2Nmx9rk
No comments:
Post a Comment