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-
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Frontrunning: September 24th
- The latest round of tariffs targeting U.S. and Chinese goods went into effect today, raising the stakes in an escalating trade war between the world's two largest economies. Many expect the U.S. to go ahead with a fourth round. (CNBC)
- Trump's tariffs threaten to shatter China's economy. It already has cracks (CNBC)
- As he begins the sequel to his United Nations debut, President Donald Trump will again confront the dangers posed by North Korea's nuclear threat. However, North Korea may appear somewhat less ominous than a year ago.(AP)
- The university professor who accused Brett Kavanaugh, Trump's Supreme Court nominee, of sexual assault will testify before a Senate panel on * Thursday about her allegation, her lawyers and the committee said over the weekend. (Reuters)
- Kavanaugh faces another allegation of sexual misconduct (Axios)
- Feinstein calls for delay in Kavanaugh nomination after new allegation (Washington Post)
- Deputy Attorney General Rod Rosentein last year discussed possibly secretly recording Trump, and talked about getting members of Trump's cabinet to invoke the Constitution to declare him unfit to remain as president, The New York Times reported.
- Former Vice President Joe Biden, who is still weighing whether to run for president in 2020, will reportedly be heading to Beverly Hills next month for a fundraiser to support his American Possibilities PAC. (Hollywood Reporter)
- J.P. Morgan (JPM) is opening 50 new branches in Philadelphia, Delaware and southern New Jersey over the next five years. This is part of a plan disclosed in January to open 400 branches across the country. CEO Jamie Dimon joins CNBC for an interview at 11 a.m. ET.
- Apple (AAPL) wants its streaming TV shows to be without sex, violence, or profanity, according to a Wall Street Journal report. It highlights the iPhone maker's conservative approach to its nascent original content strategy.
- The CEO of Alphabet's (GOOGL) Google unit denied reports of efforts to politically bias internet search results, according to an Axios report. The Wall Street Journal had reported last week that such efforts were discussed but not implemented.
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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FRIDAY'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 UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($NKE $BB $KMX $RAD $KBH $JBL $ACET $FDS $MANU $BBBY $NEOG $ACN $CCL $INFO $ATU $MTN $WOR $CTAS $MKC $CAG $ASNA $AIR$OMN $CMD $FGP $PRGS $ESNC $ANGO $CAMP $FUL $DAC $ISR $SCHL)
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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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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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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- P
- ASTC
- AWSM
- SIRI
- XON
- TRXC
- SRPT
- CMCSA
- NBEV
- UNFI
- SKY
- HHC
- LH
- ALXN
- KMX
- DIS
- PAA
- PF
- ABX
- CEQP
- MDWD
- COR
- JD
- NKTR
- KSS
- CHUY
- DLR
- JNJ
- PAGP
- LXRX
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Comcast – The NBCUniversal and CNBC parent won the bidding for British broadcaster Sky in a weekend auction, beat 21st Century Fox with a $38.8 billion bid. Fox currently owns 39 percent of Sky, and that stake is among the assets in the process of being sold to Walt Disney.
STOCK SYMBOL: CMCSA
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Pandora – The streaming music service agreed to be bought by satellite radio operator Sirius XM in a $3.5 billion stock deal. The transaction values Pandora at $10.14 per share, compared to its Friday close of $9.09.
STOCK SYMBOL: P
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Alexion Pharmaceuticals – The drugmaker announced positive Phase 3 study results for a new treatment designed to treat a rare central nervous system disorder.
STOCK SYMBOL: ALXN
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Delta Air Lines, American Airlines, United Continental, Southwest – These and other airline stocks may benefit after lawmakers dropped a "reasonable fee" proposal for baggage and change fees from legislation reauthorizing the FAA.
STOCK SYMBOL: DAL
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STOCK SYMBOL: AAL
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STOCK SYMBOL: UAL
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STOCK SYMBOL: LUV
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Alphabet — The CEO of Alphabet's Google unit, Sundar Pichai, denied reports of efforts to politically bias internet search results, according to an Axios report. The Wall Street Journal had reported last week that such efforts were discussed but not implemented.
STOCK SYMBOL: GOOGL
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PayPal – PayPal replaced the top executive at its Venmo payment service for the second time in two years. Amit Jhawar was named general manager of Venmo last month, after serving as operation chief of PayPal's Braintree business.
STOCK SYMBOL: PYPL
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Barrick Gold – Barrick is buying Randgold Resources in an all-stock deal that creates the world's largest gold company with a market value of $18 billion. Barrick shareholders will own two-thirds of the combined company, with Randgold shareholders owning the rest.
STOCK SYMBOL: ABX
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Apple – Apple wants its streaming TV shows to be without sex, violence, or profanity, according to a Wall Street Journal report.
STOCK SYMBOL: AAPL
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Sprouts Farmers Market – Sprouts was downgraded to "market perform" from "outperform" at Wells Fargo in a valuation call. The grocery's chain's shares are up nearly 47 percent over the past 12 months.
STOCK SYMBOL: SFM
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WPP Group – The ad giant is mulling a combination of some of its advertising units like Young & Rubicam and VML, according to a Wall Street Journal report.
STOCK SYMBOL: WPP
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Dell Technologies – Dell is said to be interviewing several banks about underwriting a traditional initial public offering. Both Reuters and the Wall Street Journal report that this step comes as Dell runs into resistance to its plan to buy back the tracking stock that reflects Dell's stake in software company VMWare.
STOCK SYMBOL: DVMT
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Michael Kors – The luxury goods maker is near a deal to buy Versace that would value the luxury fashion company at $2 billion, according to multiple reports.
STOCK SYMBOL: KORS
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Caesars Entertainment – The casino operator was rated "sell" in new coverage at UBS, which said Caesars is facing an increasingly competitive environment and has only grown earnings through cutting marketing expenses.
STOCK SYMBOL: CZR
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Advanced Micro Devices – The chipmaker's stock was rated "outperform" in new coverage at RBC Capital. RBC's base case puts AMD's earnings about 10 percent ahead of Street consensus due to higher sales growth leading to significant margin expansion.
STOCK SYMBOL: AMD
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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 Monday, September 24th, 2018! :)
Submitted September 24, 2018 at 08:38AM by bigbear0083 https://ift.tt/2puDYbT
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