Good morning traders of the r/StockMarket sub! Welcome to Friday! Here are your stock movers & news this morning-
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Frontrunning: September 21st
- Walmart (WMT) has warned that new U.S. tariffs on Chinese imports may prompt the retailer to raise prices. This according to a letter from Walmart to U.S. Trade Representative Robert Lighthizer, that was seen by Reuters.
- To avoid a trade war with the US, Japan may have to make concessions (CNBC) Opposition to Supreme Court nominee Brett Kavanaugh has climbed in the past month, following his confirmation hearings and a sexual assault accusation that has stalled his confirmation process, a NBC News/Wall Street Journal poll showed.
- Under right terms, Kavanaugh accuser may testify after all (AP)
- President Donald Trump's former personal lawyer Michael Cohen has been asked by special counsel Robert Mueller's team of investigators about "all aspects of Trump's dealings with Russia," according to a new ABC News report.
- According to a new survey commissioned by the Republican National Committee, more than 60 percent of voters said the Republican tax law benefits "large corporations and rich Americans"over "middle class families. (Bloomberg News)
- The GOP's growing identity crisis (Axios)
- Trump put names to the remains of two U.S. soldiers who served in the Korean War, in what marks the first tangible results to come from June's historic summit between the president and North Korean leader Kim Jong Un. (CNBC)
- Three people are dead and three others are injured after a 26-year-old woman opened fire with a handgun at a Rite Aid (RAD) warehouse center near Aberdeen, Maryland. (USA Today)
- American Airlines Group (AAL) is the latest to announce it is raising checked baggage fees by $5, joining Delta Air Lines (DAL), United Continental (UAL), and JetBlue (JBLU). The first checked bag will cost $30, with a second bag costing $40. (CNBC)
- Wells Fargo (WFC) plans to cut its workforce by five to ten percent over the next three years, as the bank aims to reduce costs by $4 billion by 2020. Wells Fargo currently employs around 264,500 workers. (CNBC)
- Facebook (FB) will drop on-site support for political campaigns, something Facebook, Google (GOOGL), and Twitter (TWTR) have done in the past. Facebook said it could offer assistance through an online portal instead. (Reuters)
- Amazon (AMZN) announced 15 new Alexa-enabled products in less than 90 minutes at an event in Seattle, further cementing the company's commitment to the voice assistant space. CNBC has the full rundown here.
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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THIS MONTH'S UPCOMING IPO'S:
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NEXT WEEK'S EARNINGS CALENDAR:
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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NONE.
EARNINGS RELEASES BEFORE THE OPEN TODAY:
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NONE.
EARNINGS RELEASES AFTER THE CLOSE TODAY:
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NONE.
THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:
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THIS MORNING'S INSIDER TRADING FILINGS:
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NONE.
TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- NBEV
- XRP.X
- MU
- CRBP
- MDXG
- MZOR
- ALT
- ACAD
- BTC.X
- T
- GALT
- XOMA
- CRSP
- UAA
- ARRY
- UNFI
- ONCE
- CPRT
- ETH.X
- ETC.X
- ITUB
- FDC
- SSTI
- LTC.X
- NVS
- BLUE
- GWRE
- BZH
- LGIH
- TDOC
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Micron Technology – Micron reported adjusted quarterly profit of $3.53 per share, beating the consensus estimate of $3.34 a share. The chipmaker's revenue also topped forecasts, however the stock erased an initial gain after company executives said U.S. tariffs on China goods would impact its financial results for as much as one year.
STOCK SYMBOL: MU
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McDonald's – McDonald's increased its quarterly dividend to $1.16 per share from $1.01, a rise of 15 percent. The restaurant chain has now increased its dividend for 42 straight years.
STOCK SYMBOL: MCD
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AT&T – UBS upgraded the stock to "buy" from "neutral," saying the stock is trading near all-time low valuations and a wide gap to rival Verizon. UBS believes AT&T will return earnings growth for the second half of this year.
STOCK SYMBOL: T
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Texas Instruments – Texas Instruments increased its quarterly dividend to 77 cents per share from 62 cents, a jump of 24 percent. The semiconductor maker also announced a new $12 billion stock repurchase program, on top of $7.4 billion remaining from a previously authorized program.
STOCK SYMBOL: TXN
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Walmart – Walmart said new U.S. tariffs on Chinese imports may prompt the retailer to raise prices, according to a letter from Walmart to U.S. Trade Representative Robert Lighthizer that was seen by Reuters.
STOCK SYMBOL: WMT
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Adobe Systems – The software maker will buy marketing firm Marketo from private-equity firm Vista Equity Partners for $4.75 billion. CNBC had reported Thursday that the deal was imminent, with Marketo intended to complement Adobe's digital marketing business.
STOCK SYMBOL: ADBE
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American Airlines – American is the latest airline to announce it is raising checked baggage fees by $5, joining Delta Air Lines, United Continental, and JetBlue. The first checked bag will cost $30, with a second bag costing $40.
STOCK SYMBOL: AAL
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Wells Fargo – Wells Fargo plans to cut its headcount by 5 to 10 percent over the next three years, as the bank aims to reduce costs by $4 billion by 2020. Wells Fargo currently employs around 264,500 workers.
STOCK SYMBOL: WFC
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United Natural Foods – United Natural fell 9 cents a share short of consensus estimates, with adjusted quarterly profit of 76 cents per share. The food distributor's revenue also miss Street forecasts, hurt by higher transportation costs, among other factors.
STOCK SYMBOL: UNFI
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Steelcase – Steelcase reported adjusted quarterly profit of 36 cents per share, 7 cents a share above estimates. The office furniture maker's revenue also came in above analysts' projections, and Steelcase forecast better-than-expected results for the current quarter.
STOCK SYMBOL: SCS
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Facebook – Facebook will drop on-site support for political campaigns, something Facebook, Google, and Twitter have done in the past.
STOCK SYMBOL: FB
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Tesla – Tesla's vice president of global supply management, Liam O'Connor, has resigned, according to a Bloomberg report. O'Connor is the fifth senior executive to leave the automaker within a few weeks.
STOCK SYMBOL: TSLA
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Medtronic – Medtronic bought Mazor Robotics for about $1.64 billion in cash, or $58.50 per share. The medical equipment maker had already held an 11 percent stake in the robotic systems company.
STOCK SYMBOL: MDT
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Under Armour – Under Armour was upgraded to "neutral" from "underweight" at J.P. Morgan Securities, with the firm saying it believed the athletic apparel maker will meet consensus earnings estimates for fiscal 2018 and 2019.
STOCK SYMBOL: UAA
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Acuity Brands – Acuity Brands was raised to "outperform" from "market perform" at Wells Fargo. Wells expects the lighting and building management systems company to beat consensus earnings expectations over the next several quarters.
STOCK SYMBOL: AYI
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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, September 21st, 2018! :)
Submitted September 21, 2018 at 08:32AM by bigbear0083 https://ift.tt/2pyRwmV
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