Good morning traders of the r/StockMarket sub! Welcome to Fed Day Wednesday! Here are your stock market movers & news this morning-
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Frontrunning: September 26th
- The Senate Judiciary Committee has scheduled a vote on the Supreme Court nomination of Brett Kavanaugh for Friday, according to a notice from Sen. Chuck Grassley of Iowa. That's a day after the hearing on sexual assault allegations. (CNBC)
- Kavanaugh accuser has 4 people to corroborate claims (USA Today)
- Arizona sex crimes prosecutor Rachel Mitchell to question Kavanaugh and Ford (Axios)
- President Donald Trump will hold a news conference this evening following his meetings at the United Nations in New York. The president is expected to also talk with Israeli Prime Minister Benjamin Netanyahu and UK Prime Minister Theresa May. (Reuters)
- Trump defended his administration's trade clashes yesterday to the UN General Assembly, telling world leaders the United States will act in its "national interest" when it feels cheated. The president took his most specific jabs at Beijing. (CNBC)
- Trump boast draws laughter during his General Assembly speech(CNBC)
- Trump told advisors he's open to keeping Deputy Attorney General Rod Rosenstein on the job, the Wall Street Journal reported. And allies of the No. 2 Justice Department official reportedly said he's given the impression he doesn't plan to quit.
- The U.S. is ready to move ahead with Mexico alone on a new deal that will replace NAFTA, Trade Representative Robert Lighthizer said. Trump wants a deal signed by Sept. 30, before Mexican President Enrique Pena Nieto leaves office. (CNBC)
- Brock Long, the head of the Federal Emergency Management Agency, cost the government $151,000 through the unauthorized use of government vehicles that included travel to his home in North Carolina, according to an internal investigation. (WSJ)
- Uber executive Cameron Poetzscher, who played a key role in negotiating SoftBank's investment in the ride-hailing firm, was disciplined after a probe found he had a pattern of making sexually suggestive comments about other co-workers. (WSJ)
- Delta Air Lines (DAL) briefly halted domestic departures yesterday because of an issue with its computer network. The airline said systems have been restored, and reported no diversions or cancelations as a result of the issue. (CNBC)
- A Community Health Systems (CYH) subsidiary agreed to pay more than $260 million and entered a deferred prosecution agreement to settle criminal charges for allegedly paying physicians kickbacks and defrauding Medicare, Medicaid and other federal programs. (CNBC)
- CBS (CBS) named former Time Warner CEO Richard Parsons as interim chairman of its board of directors, following the resignation of former CBS Chairman and Chief Executive Leslie Moonves earlier this month amid sexual assault allegations. (Reuters)
- Amazon (AMZN) has expanded its grocery delivery service from its Whole Foods stores to more cities across the U.S. The service is available in Milwaukee, * Omaha, Detroit, Jacksonville, Madison, Orlando, St. Louis, Ann Arbor, Tampa and Tulsa. (CNBC)
- Leading internet search engine Google will acknowledge that it has made "mistakes" on privacy issues in testimony an executive of the Alphabet (GOOGL) unit will deliver to a U.S. Senate committee today, according to a document reviewed by Reuters.
- Salesforce CEO Marc Benioff to tech industry: 'Your employees and executives are going to walk out' if they don't trust you (CNBC)
- Benioff on Apple partnership: 'I have Apple in my veins' (CNBC)
- Benioff: We bought Time Magazine because 'business is the greatest platform for change' (CNBC)
- Benioff: The economy is 'ripping' (CNBC)
STOCK FUTURES NOW:
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TODAY'S MARKET HEAT MAP:
(CLICK HERE FOR TODAY'S MARKET HEAT MAP!)
TODAY'S S&P SECTORS:
(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S UPCOMING IPO'S:
(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($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 $SCHL)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($NKE $KMX $KBH $CTAS $WOR $AIR $ATU $ESNC $OMN $ISR)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
THIS AFTERNOON'S AFTER-MARKET EARNINGS CALENDAR:
($RAD $BBBY $CCL $ACN $MKC $CAG $FUL $CMD $ANGO $FGP $SCHL $CMTL)
(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:
(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!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- SQ
- GPRO
- ALDX
- AUPH
- ONTX
- IBM
- HCLP
- KMX
- TTOO
- KBH
- OASM
- AMRN
- MTBC
- VSTM
- GE
- CTAS
- EDRY
- SO
- CONE
- DUK
- V
- LNG
- HFC
- CRAY
- SCHL
- LRCX
- ATU
- GLD
- NFLX
- NYCB
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Nike – Nike reported quarterly profit of 67 cents per share, 4 cents a share above estimates. The athletic footwear and apparel maker's revenue was just barely above Street forecasts. Nike benefited from strong consumer spending in the U.S. market, among other factors, but some analysts are concerned about what they consider weaker than expected profit margins.
STOCK SYMBOL: NKE
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IBM – The stock was upgraded to "buy" from "neutral" at UBS, which thinks IBM's services and artificial intelligence businesses will perform well enough to outweigh any issues in the mainframe operations.
STOCK SYMBOL: IBM
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Merck – The drugmaker has rescinded its mandatory age 65 retirement rule for its chief executive officer, and said current CEO Kenneth Frazier will remain in the job after he turns 65 in December of 2019.
STOCK SYMBOL: MRK
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KB Home – KB Home beat estimates by 10 cents a share, with quarterly earnings of 87 cents per share. The home builder's revenue came in slightly below consensus, however. Home deliveries were up by 8 percent during the quarter compared to a year earlier, and KB Home also reported improved operating margins.
STOCK SYMBOL: KBH
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SurveyMonkey – SurveyMonkey priced its initial public offering at $12 per share, above the expected range of $9 to $11 per share. The parent of SurveyMonkey also increased the size of its offering to 15 million shares from the original 13.5 million, and the IPO's pricing gives the company a market value of $1.46 billion.
STOCK SYMBOL: SVMK
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Deutsche Bank – Deutsche Bank has examined the possibility of a merger with UBS, according to German business daily Handelsblatt. The paper said the German bank has also examined the idea of a potential merger with Commerzbank.
STOCK SYMBOL: DB
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Delta Air Lines – Delta briefly halted domestic departures yesterday because of an issue with its computer network. The airline said systems have been restored, and reported no diversions or cancellations as a result of the issue.
STOCK SYMBOL: DAL
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CBS – CBS named former Time Warner CEO Richard Parsons as interim chairman, following the resignation of former CBS chairman and chief executive Leslie Moonves earlier this month.
STOCK SYMBOL: CBS
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Comcast – Comcast said it has purchased an additional 135.9 million shares of Britain's Sky in the open market, bringing the NBCUniversal and CNBC parent's stake in Sky to 36.95 percent. Comcast won a bidding contest with 21st Century Fox over the weekend for Sky, although Fox still holds a 39 percent stake and continues to consider its options for that stake.
STOCK SYMBOL: CMCSA
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Cintas – Cintas reported adjusted quarterly earnings of $1.93 per share, beating forecasts by 12 cents a share. Revenue came in slightly above forecasts. The uniform supplier also raised its earnings and revenue forecast for the full year.
STOCK SYMBOL: CTAS
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Nielsen Holdings – Nielsen has drawn takeover interest from Blackstone and Carlyle Group, according to a Bloomberg report. The private-equity firms may put in offers for the provider of TV ratings, but talks are said to be at an early stage and other suitors may enter the bidding as well.
STOCK SYMBOL: NLSN
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GoPro – The stock was upgraded to "outperform" from "perform" at Oppenheimer, based on the high definition camera maker's new product offerings and what the firm calls appropriate pricing.
STOCK SYMBOL: GPRO
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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 Wednesday, September 26th, 2018! :)
Submitted September 26, 2018 at 10:16AM by bigbear0083 https://ift.tt/2NHSzPN
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