Good morning traders of the r/StockMarket sub! Welcome to Thursday! Here are your stock market movers & news this morning-
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Frontrunning: September 20th
- Senate GOP said they would move forward with their efforts to confirm President Donald Trump's Supreme Court nominee Brett Kavanaugh. A White House spokesman said the administration was going "full steam ahead" to support. (WSJ)
- Kavanaugh issue revives Trump's own history with women (USA Today)
- Secretary of State Mike Pompeo said that denuclearization negotiations with North Korea will be completed by January 2021.The deadline reflects a commitment from North Korean leader Kim Jong Un, according to Pompeo. (CNBC)
- Riding a surge of enthusiasm in opposition to Trump, more Democrats turned out in the primaries for House elections than Republicans this year, according to data. It was the first time that has happened since 2008. (Axios)
- Nevada Republican Sen. Dean Heller, who once said he "vehemently" opposed Trump and returned one of his campaign donations, is set to hold his second campaign rally and fundraiser with the president today and tomorrow in Las Vegas.(AP)
- Republican Rep. Chris Collins, fighting federal insider trading charges, will restart his congressional campaign. State Republicans had tried to replace the representative on the ballot after he was indicted last month. (CNBC)
- Hurricane Florence's rains, which shattered rainfall records, have finally left the Carolinas this morning. But the risks there are growing with rising rivers, hazardous waste concerns and structural damage. (Axios)
- A year after Maria, Puerto Rico is pushed to precipice (WSJ)
- Jack Ma, founder and chairman of Chinese retail giant Alibaba, announced the company no longer plans to create 1 million jobs in the United States in the wake of the ongoing trade conflict between the U.S. and China. (CNBC)
- Jamie Dimon, chairman and chief executive officer of J.P. Morgan Chase (JPM) , told CNBC-TV18 the dispute over trade and escalating tariffs between the U.S. and China are a "trade skirmish"rather than a trade war.
- The CNBC Global CFO Council has released its latest quarterly survey results. The survey found that more than 45 percent of executives put consumer demand as their primary concern, replacing U.S. trade policy.
- Dallas Mavericks owner Mark Cuban agreed to donate $10 million to organizations that help those affected by domestic violence. An investigation found current and former Mavericks employees committed "serious workplace misconduct." (USA Today)
- E-commerce giant Amazon (AMZN) is testing out a new shopping site for consumers who don't know specifically what they want but are willing to take some automated recommendations to help them find it. (CNBC)
STOCK FUTURES NOW:
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TODAY'S MARKET HEAT MAP:
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TODAY'S S&P SECTORS:
(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS MONTH'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($MU $ORCL $FDX $AZO $RHT $GIS $CBRL $DRI $APOG $THO $UNFI $CPRT $MLHR $SCS $SMMT $AMRK)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($RHT $DRI $THO $MLHR $SMMT $SANW)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
THIS AFTERNOON'S AFTER-MARKET EARNINGS CALENDAR:
($MU $UNFI $SCS)
(CLICK HERE FOR THIS AFTERNOON'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!)
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
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THIS MORNING'S INSIDER TRADING FILINGS:
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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!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- NBEV
- ALT
- TRXC
- GALT
- GE
- TLRY
- SFIX
- RHT
- XRP.X
- GPRO
- CRBP
- DRI
- DJIA
- XLF
- CAT
- DIA
- FOLD
- NOC
- MLHR
- THO
- NVDA
- DRYS
- SKX
- MTW
- LCI
- SOGO
- JPM
- RIO
- RRC
- UEPS
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Darden Restaurants – The parent of Olive Garden, Longhorn Steakhouse, and other restaurant chains earned $1.34 per share for its latest quarter, 10 cents a share above estimates. Revenue beat forecasts, as well. Darden's comparable-restaurant sales rose 3.3 percent, tripling consensus estimates, and it also raised its full-year outlook.
STOCK SYMBOL: DRI
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Comcast, 21st Century Fox, Walt Disney – The U.K.'s takeover panel announced that it will begin an auction process for broadcaster Sky Friday, with the winning bidder announced Saturday. The portion of Sky that Fox already owns is among the assets it is selling to Disney, and the NBCUniversal and CNBC parent currently has the highest offer on the table for Sky.
STOCK SYMBOL: CMCSA
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STOCK SYMBOL: FOXA
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STOCK SYMBOL: DIS
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Thor Industries – The recreational vehicle maker reported quarterly profit of $1.67 per share, below the consensus estimate of $2.03 a share. Revenue beat forecasts, however. Analysts say Thor is still dealing with excess inventory and higher costs.
STOCK SYMBOL: THO
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General Electric – J.P. Morgan Securities lowered its price target on GE to $10 per share from $11 a share, based on what the firm said are issues involving turbine installations.
STOCK SYMBOL: GE
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Caterpillar – Caterpillar was upgraded to "outperform" from "neutral" at RW Baird, which notes underperformance this year by the machinery sector compared to the overall market and saying the risk/reward profile appears favorable.
STOCK SYMBOL: CAT
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Procter & Gamble – Atlantic Equities rates the consumer products giant "overweight" in new coverage, pointing to improved performance in key categories and positive change throughout the organization.
STOCK SYMBOL: PG
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Facebook – Facebook must comply with European Union consumer rules by the end of this year or face sanctions, according to a statement issued by European Justice Commissioner Vera Jourova.
STOCK SYMBOL: FB
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Red Hat – The Linux operating system distributor reported adjusted quarterly profit of 85 cents per share, beating the consensus estimate by 3 cents a share. Revenue fell short of Street forecasts, however, as did the company's current-quarter revenue and earnings guidance. Red Hat's results have been hurt by lower-than-expected subscription revenue.
STOCK SYMBOL: RHT
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Rio Tinto – Rio Tinto announced a $3.2 billion share buyback, following the mining company's recent sale of some of its Australian coal assets.
STOCK SYMBOL: RIO
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Walgreens Boots Alliance – Walgreens announced it will launch a Boots-branded flagship store on Alibaba's Tmall platform to introduce a number of its Boots beauty brands to Chinese consumers.
STOCK SYMBOL: WBA
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Amazon.com – Amazon is expected to move up to third in the 2018 rankings of U.S. digital ad sellers, according to research firm eMarketer.
STOCK SYMBOL: AMZN
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Wells Fargo – Wells Fargo issued a statement to CNBC denying rumors that the bank's board had reached out to potential CEO candidates, calling them "completely false." The New York Post had reported that former National Economic Council director Gary Cohn had rebuffed overtures from Wells earlier this year to be its next CEO.
STOCK SYMBOL: WFC
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Skechers – Skechers was downgraded to "market perform" from "outperform" at Cowen, which cites a number of factors for the footwear maker including rising inventories.
STOCK SYMBOL: SKX
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Stitch Fix – Stitch Fix was downgraded to "neutral" from "overweight" at Piper Jaffray in a valuation call. The online clothing styling company went public at $15 per share last November and closed Wednesday at $47.11.
STOCK SYMBOL: SFIX
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Herman Miller – Herman Miller reported adjusted quarterly profit of 69 cents per share, 4 cents a share above estimates. The office furniture company's revenue also exceeding forecasts.
STOCK SYMBOL: MLHR
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Ralph Lauren – Piper Jaffray upgraded the apparel maker to "neutral" from "underweight," despite ongoing concerns about the sustainability of sales growth. The firm feels Ralph Lauren's earnings will move higher thanks to cost controls and a more favorable profit mix.
STOCK SYMBOL: RL
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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, September 20th, 2018! :)
Submitted September 20, 2018 at 10:38AM by bigbear0083 https://ift.tt/2MPdGdr
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