Good morning traders of the r/StockMarket sub! Welcome to Tuesday! Here are your stock market movers & news this morning-
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Frontrunning: September 25th
- President Donald Trump will appear on the global stage and is expected to address the UN General Assembly this morning. He will then chair a meeting Wednesday of the UN Security Council on the topic of counter-proliferation. (AP)
- At the UN, Trump can't escape his political problems (NY Times)
- A senior Chinese official said today it is difficult to proceed with trade talks with the United States while Washington is putting "a knife to China's neck." That came a day after both sides heaped fresh tariffs on each other's goods. (Reuters)
- Trump trade team draws heavily from one law firm: Skadden (FT)
- Deputy Attorney General Rod Rosenstein, amid conflicting reports about his status at the Justice Department, will meet face-to-face with Trump on Thursday to discuss whether he keeps his job as the No. 2 official in the DOJ. (WSJ)
- Why it matters whether Rosenstein is fired or he resigns (CNBC)
- Supreme Court nominee Brett Kavanaugh told Fox News that he would not withdraw his nomination for the nation's highest court and will continue to fight the accusations leveled against him by multiple women who say he sexually abused them decades ago.
- Avenatti: Third Kavanaugh accuser '100 percent credible' (USA Today)
- Inside Democratic prep for the Kavanaugh-Ford hearing (Axios)
- Nearly 50 representatives from U.S. financial giants and cryptocurrency startups are set to meet with Washington lawmakersthis week to talk through what some say is an incomplete and murky regulatory landscape. (CNBC)
- Google CEO Sundar Pichai plans to appear at a private meeting of top GOP lawmakers on Friday and again at a public hearing this year, responding to new scrutiny over its work with China and alleged bias in search results. (WSJ)
- Michael Kors (KORS) this morning announced a deal to buy Italian luxury brand Versace for $2.1 billion, including debt. It had been widely reported Monday that the two sides were close to finalizing a transaction. (CNBC)
- Starbucks (SBUX) is planning a restructuring that will involve job cuts and executive changes, according to a memo issued to employees. CEO Kevin Johnson said more needs to be done to boost sales and to speed the decision-making process. (CNBC)
- Comcast (CMCSA) said it has bought more than 30 percent of the shares of Sky in the marketplace, after outbidding Twenty-First Century Fox (FOXA) for the broadcaster. Fox still holds a 39 percent stake in Sky and is mulling whether to sell or hold onto that stake. (CNBC)
- Apple's (AAPL) new Mac software, macOS Mojave, is available for download. The software was first announced in June and brings a lot of changes to the Mac experience, including a new "dark mode" on all of Mac's built-in apps. (CNBC)
- In an interview with CNBC's Jim Cramer, J.P. Morgan Chase (JPM) CEO Jamie Dimon he doesn't think he would be good at being president. Instead, he said he wanted to turn his focus to policy that matters like education, infrastructure and regulation.
- Dimon: 'I'm not running,' but a CEO could make a good president(CNBC)
- Dimon sees 'no great potholes,' saying 3%-plus growth 'may very well continue' (CNBC)
- Dimon prefers not to buy back stock over time and instead grow business (CNBC)
- If the Democratic Party manage to take back the House from Republicans during the midterms, next year could have more minority representatives in Congress than it's had in its more than 200-year history, according to Axios.
- More than a week after Hurricane Florence roared onto land along the coastal Carolinas, hundreds of roads remain closed and thousands of residents remain out of their homes. The death toll from the story has reached 43. (USA Today)
STOCK FUTURES NOW:
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TODAY'S MARKET HEAT MAP:
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TODAY'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:
(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)
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 $SCHL)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($JBL $FDS $MANU $NEOG $INFO $ASNA $DAC)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
THIS AFTERNOON'S AFTER-MARKET EARNINGS CALENDAR:
($NKE $KMX $KBH $CTAS $WOR $AIR $ATU $ESNC $OMN $ISR)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
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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:
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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- VSTM
- JONE
- TRXC
- SAEX
- FB
- INTC
- TGTX
- CY
- GE
- AMRN
- SONC
- CTL
- RETA
- JBL
- EDRY
- SIRI
- SNDX
- SHAK
- ABX
- ATOM
- WEN
- MRNS
- SNX
- MCHP
- DDD
- ADI
- KORS
- DLR
- IQ
- KMX
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
FactSet – FactSet missed estimates by a penny a share, with adjusted quarterly profit of $2.20 per share. Revenue also came in below forecasts. The financial information provider expects full-year adjusted earnings of $9.45 to $9.65 per share, compared to a consensus estimate of $9.61 a share.
STOCK SYMBOL: FDS
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IHS Markit – The financial and economic information provider reported adjusted quarterly profit of 58 cents per share, 3 cents a share above estimates. Revenue also topped Street forecasts, however the company's full-year earnings outlook of an adjusted $2.25 to $2.27 was slightly below the consensus forecast of $2.28 a share.
STOCK SYMBOL: INFO
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Pandora – An analyst report from Wedbush said the proposed stock swap takeover of the streaming music service by Sirius XM is unlikely to be approved by Pandora shareholders, given the sell-off in Sirius XM shares following Monday's announcement. Wedbush said it believes the terms of the deal will either have to be revisited or will not happen at all.
STOCK SYMBOL: P
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Envision Healthcare – The provider of emergency room and other hospital services may be dropped from health insurer UnitedHealth's network, after the two failed to reach a new contract agreement. Envision said it is negotiating in good faith with UnitedHealth, which it claims is making "egregious demands" for price cuts.
STOCK SYMBOL: EVHC
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Starbucks – Starbucks is planning an organizational restructuring that will involve job cuts and executive changes, according to a memo issued to employees. In the memo, CEO Kevin Johnson said more needs to be done to boost sales and to speed the decision-making process.
STOCK SYMBOL: SBUX
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Michael Kors – The luxury goods retailer announced a deal to buy Italy's Versace. It had been widely reported Monday that the two sides were close to finalizing a deal.
STOCK SYMBOL: KORS
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Match Group – Match is experimenting with a new feature for its Tinder dating app, which gives women the opportunity for extra scrutiny and security before allowing men to converse with them online. The feature is being tested in India and would be rolled out worldwide if successful.
STOCK SYMBOL: MTCH
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Unilever – Unilever is defending its planned transition to a single-headquarters structure in the midst of opposition to its plan to operate solely out of the Netherlands. Company executives are using the British press and broadcast media to explain why they feel the move will benefit the consumer products giant and its shareholders. Unilever current has one headquarters in London and the other in the Netherlands.
STOCK SYMBOL: UL
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Comcast – The NBCUniversal and CNBC parent said it has bought more than 30 percent of the shares of Britain's Sky in the marketplace, after outbidding 21st Century Fox for the broadcaster. Fox still holds a 39 percent stake in Sky and is mulling whether to sell or hold onto that stake.
STOCK SYMBOL: CMCSA
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Facebook – Facebook's Instagram unit announced the departures of co-founders Kevin Systrom and Mike Krieger. The two wrote in a blog post that they planned to take time off and explore "our curiosity and creativity again". Facebook bought Instagram in 2012 for $1 billion.
STOCK SYMBOL: FB
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Novartis – The Swiss drugmaker is cutting more than 2,000 jobs in Switzerland, in a move to operate more efficiently. Novartis is in the midst of a plan to achieve about $1 billion in savings by 2020.
STOCK SYMBOL: NVS
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Ascena Retail – Ascena reported adjusted quarterly profit of 7 cents per share, beating the consensus estimate of 2 cents a share. The clothing retailer's revenue and comparable sales exceeded forecasts, as well. The parent of Ann Taylor, Lane Bryant, and other clothing sellers also gave upbeat guidance for the full year.
STOCK SYMBOL: ASNA
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BJ's Wholesale – BJ's announced a 28 million share common stock offering. The warehouse retailer said that the shares come from certain selling shareholders and that the company will not receive any proceeds from the sale.
STOCK SYMBOL: BJ
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CenturyLink — Chief Financial Officer Sunit Patel has resigned to join T-Mobile US. The telecom company has launched a search process to find a replacement. In his new role at T-Mobile, Patel will oversee the planned integration of Sprint as the two companies await federal approval for their planned merger.
STOCK SYMBOL: CTL
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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 Tuesday, September 25th, 2018! :)
Submitted September 25, 2018 at 10:55AM by bigbear0083 https://ift.tt/2ONYu25
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