Good morning traders of the r/StockMarket sub! Welcome to Friday, and the final trading day of September and Q3! Here are your stock movers & news this morning-
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Frontrunning: September 28th
- The Senate Judiciary Committee plans to vote today on Brett Kavanaugh's nomination to the Supreme Court. Kavanaugh and a woman accusing him of sexual assault, Christine Blasey Ford, spent hours testifying Thursday before the committee. (AP)
- Ford appears before senators as her own expert witness (CNBC)
- Furious Kavanaugh rips controversy as a national disgrace (CNBC)
- Trump: Kavanaugh 'showed America exactly why I nominated him'(CNBC)
- Top Democratic operatives are already talking about impeachmentof Kavanaugh as a 2020 campaign issue, according to Axios. The news site said the talks reflect the conclusion of Democrats and Republicans that Kavanaugh's confirmation is more likely than not.
- American Bar Association calls for FBI investigation into Kavanaugh allegations (USA Today)
- President Donald Trump will meet with Deputy Attorney General Rod Rosenstein next week. He postponed the scheduled Thursday meeting in order to not distract from congressional hearings for his Supreme Court nominee, Kavanaugh. (CNBC)
- The United States Trade Representative Robert Lighthizer plans to issue the text of a trade deal with just the U.S. and Mexico today, two sources told CNBC. One source said that the text will allow Canada to join onto the agreement at a later date.
- The House will vote today on legislation that would make permanent Trump's tax cuts for individuals, according to House tax committee chairman Kevin Brady. Republicans have been calling it "Tax Reform 2.0." (Reuters)
- Google CEO Sundar Pichai is scheduled to meet privately with members of Congress today. The closed-door gathering is expected to include discussions about Trump's recent allegations that Google has been rigging the results of its search engine. (AP)
- Volkswagen (VLKAY) will announce the firing of Audi CEO Rupert Stadler, perhaps as soon as today, according to sources quoted by the Wall Street Journal. Stadler has been in jail in connection with the automaker's emissions cheating scandal.
- Boeing (BA) won a $9.2 billion contract to build new trainer jets for the Air Force. The contract is one of the largest awarded by the Pentagon over the past few years. Lockheed Martin was also in the running. (CNBC)
- Iridium Communications announced a partnership with Amazon (AMZN) Web Services to develop a satellite-based network called CloudConnect for Internet of Things applications. The network will focus on "where cellular technologies aren't." (CNBC)
- Netflix (NFLX) Chief Executive Reed Hastings said today the streaming service plans to double its investments in France and produce 14 local shows. Hastings did not disclose how much Netflix would invest in France. (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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NEXT WEEK'S ECONOMIC CALENDAR:
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NEXT MONTH'S UPCOMING IPO'S:
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NEXT WEEK'S EARNINGS CALENDAR:
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(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($BB $ACET $MTN $PRGS $CAMP)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
NONE.
EARNINGS RELEASES BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
([CLICK HERE FOR THIS AFTERNOON'S AFTER-MARKET EARNINGS RELEASES!]())
NONE.
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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(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- TSLA
- BB
- AAOI
- ALT
- NVDA
- X
- CCXI
- TDOC
- SPY
- LOW
- SSW
- PHH
- MTN
- MXC
- CAMP
- WYNN
- GS
- DGAZ
- CALA
- BEP
- RYAAY
- TRIL
- S
- SCG
- DB
- TGH
- GDX
- BB.CA
- PRGS
- PEP
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
BlackBerry — The communications software maker reported adjusted quarterly profit of 4 cents per share, compared to a consensus estimate of a penny a share, with revenue also beating forecasts.
STOCK SYMBOL: BB
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Lowe's – The home improvement retailer's stock was upgraded to "buy" from "hold" at SunTrust Robinson Humphrey, which sees the potential for earnings acceleration in general and especially in relation to rival Home Depot.
STOCK SYMBOL: LOW
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Vail Resorts – The resort operator lost $2.07 per share for its latest quarter, less than the $2.24 per share that analysts were expecting. Revenue, however, came in below Street forecasts. Vail said its just-completed fiscal year suffered from historically poor winter conditions, but that it has momentum going forward thanks to strong season pass sales.
STOCK SYMBOL: MTN
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Tesla — CEO Elon Musk was sued by the Securities and Exchange Commission for alleged fraud, with the commission seeking to remove him from his job. Musk was accused of making false and misleading statements about potentially taking Tesla private. In a statement, Musk called the action "unjustified" and the automaker's board said it had full confidence in him.
STOCK SYMBOL: TSLA
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Boeing – Boeing won a $9.2 billion contract to build new trainer jets for the Air Force. The contract is one of the largest awarded by the Pentagon over the past few years.
STOCK SYMBOL: BA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Eli Lilly – Lilly's new migraine drug Emgality won Food and Drug Administration (FDA) approval. Emgality is the latest entry in a new class of treatments for migraine headaches, with prior approvals coming for one treatment from Novartis and Amgen and another from Teva Pharmaceutical.
STOCK SYMBOL: LLY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Goldman Sachs, JPMorgan Chase, Credit Suisse, Morgan Stanley, UBS – The banks will have to face a lawsuit charging that the banks tried to limit competition in the $2 trillion stock lending market. The banks had tried to block the suit from going forward, but a judge ruled against their claim that their actions were reasonable.
STOCK SYMBOL: GS
(CLICK HERE FOR LIVE STOCK QUOTE!)
J.C. Penney – The retailer's Chief Financial Officer Jeffrey Davis is resigning to pursue a new opportunity, after less than a year and a half on the job. The retailer's senior vice president of finance, Jerry Murray, will assume the CFO role on an interim basis.
STOCK SYMBOL: JCP
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Pfizer – Pfizer's once-a-day oral lung cancer drug won FDA approval, after having been granted priority review earlier this year.
STOCK SYMBOL: PFE
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Progress Software – The company reported adjusted quarterly profit of 60 cents per share, 2 cents a share above estimates. Revenue came in below Wall Street forecasts, however, and the business software maker said it was disappointed with its revenue outlook for the year.
STOCK SYMBOL: PRGS
(CLICK HERE FOR LIVE STOCK QUOTE!)
WPP, Omnicom, Interpublic Group – These and other advertising stocks may be under pressure today, after The Wall Street Journal reported that federal prosecutors have opened a probe into media buying practices in the advertising industry.
STOCK SYMBOL: WPP
(CLICK HERE FOR LIVE STOCK QUOTE!)
STOCK SYMBOL: OMC
(CLICK HERE FOR LIVE STOCK QUOTE!)
STOCK SYMBOL: IPG
(CLICK HERE FOR LIVE STOCK QUOTE!)
Trade Desk – RBC raised its price target for the provider of programmatic advertising technology by 35 percent to $170, citing the strength of the company's new product line.
STOCK SYMBOL: TTD
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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 28th, 2018! :)
Submitted September 28, 2018 at 08:42AM by bigbear0083 https://ift.tt/2xWeEiJ
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