Good morning traders of the r/StockMarket sub! Welcome to Thursday! Here are your pre-market stock movers & news this AM-
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Frontrunning: October 18th
- President Donald Trump will meet with Mike Pompeo today following the secretary of state's two-day trip to Saudi Arabia and Turkey. Pompeo sought answers on the disappearance and even murder of journalist Jamal Khashoggi. (USA Today)
- A private prod to the Saudis (Axios)
- Audio offers gruesome details of Jamal Khashoggi killing (NY Times)
- Another building is stripping Trump off its entrance, the New York Times reported. Residents of Trump Place on Manhattan's Upper West Side of have joined three other buildings in the neighborhood in stripping the brassy five-letter name.
- In New York state's 19th District and other swing races, Democrats have run with health care as their top issue. Democrat Antonio Delgado hammered first-term GOP Rep. John Faso over his vote to repeal and replace the Affordable Care Act. (CNBC)
- CNBC has learned that New York Attorney General Barbara Underwood has opened a probe into MoviePass parent company Helios and Matheson (HMNY). The office is investigating whether it misled the investment community.
- CNBC has learned that Beyond Meat has hired J.P. Morgan (JPM), Goldman Sachs (GS) and Credit Suisse for an initial public offering.Its current investors include Bill Gates, Leonardo DiCaprio, Jack & Suzy Welch and Kleiner Perkins.
- Constellation Brands (STX) Chief Executive Officer Rob Sands is stepping down on March 1. He'll remain with the company as executive chairman, and will be succeeded by the spirits maker's president, Bill Newlands. (CNBC)
- Uber has raised $2 billion in a junk bond sale, according to the Financial Times, as it gears up for its 2019 stock market debut. It is preparing for an IPO that media reports have noted could value it at more than $100 billion.
- Facebook (FB) thinks the hackers who gained access to private information of 30 million user tokens were spammers seeking to make money through deceptive advertising, according to the Wall Street Journal, citing sources.
- Pharmaceutical giant Pfizer (PFE) is offering early retirement to U.S. workers ahead of layoffs early next year, CNBC has learned. The company announced the program to workers on Tuesday, according to materials obtained by CNBC.
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($NFLX $BAC $GS $UNH $CLF $PYPL $IBM $JNJ $LRCX $DPZ $BLK $MS $PGR $ISRG $SCH $GWW $CSX $AA $ABT $WGO $JBHT $NUE $SLB$HON $CMA $BX $SKX $KMI $PG $ASML $AXP $URI $TSM $URAL $PLD $FHN $ETFC $INFY $PM $STI $USB $TXT $ERIC $BBT $CREE)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($NUE $BX $PM $TSM $TXT $ERIC $ADS $SAP $SNA $PPG $KEY $DHR $BBT $TRV $NVS $BK $GPC $GTLS $MDSO $WBC $TTS $HOMB $LNN$POOL $SON $SASR $DOV $CTG $EWBC $STBA $WBS $AMRB $SBNY $CPSS)
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THIS AFTERNOON'S AFTER-MARKET EARNINGS CALENDAR:
(N/A)
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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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:
- YECO
- ECYT
- VUZI
- PYPL
- AA
- AXP
- NVS
- PM
- ERIC
- GPS
- TXT
- BX
- SEE
- YY
- TRV
- DHR
- ISRG
- CLF
- YUM
- IVZ
- BK
- TTS
- SAP
- ACRS
- VFC
- TPIV
- TRX.X
- ADS
- KEYS
- STLD
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Travelers – The insurer reported quarterly profit of $2.54 per share, beating the consensus estimate of $2.26 a share. Revenue also topped Wall Street forecasts. Travelers saw growth in both personal and business insurance, as well as strong retention numbers.
STOCK SYMBOL: TRV
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Blackstone – The private-equity firm's economic net income beat Street forecasts by 2 cents a share at 76 cents per share, while revenue was above estimates, as well. Assets under management surged 18 percent from a year ago to a record $457 billion.
STOCK SYMBOL: BX
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Bank of New York Mellon – The bank beat estimates by 2 cents a share, with quarterly earnings of $1.06 per share. Revenue was below Street projections. The company characterized its revenue growth as only "modest" but added that it is confident it can boost revenue performance.
STOCK SYMBOL: BK
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Danaher – The science and medical technology company beat estimates by 2 cents a share, with adjusted quarterly earnings of $1.10 per share. Revenue also came in above forecasts and Danaher raised its full-year forecast.
STOCK SYMBOL: DHR
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Textron – The aircraft and defense systems maker reported adjusted profit of 61 cents per share, falling short of the 76 cents a share consensus estimate. Revenue also missed forecasts, on declines in its industrial and systems businesses. Textron gave forward guidance that falls below analysts' forecasts.
STOCK SYMBOL: TXT
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Philip Morris – The tobacco producer beat estimates by 16 cents a share, with adjusted quarterly earnings of $1.44 per share. Revenue also exceeded forecasts. Shipment volumes were helped growth in so-called "heat but not burn" smoking products.
STOCK SYMBOL: PM
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Snap-On – The tool and equipment maker fell a penny a share short of forecasts, with quarterly profit of $2.85 per share. Revenue also missed expectations. The company noted "sales turbulence" in one of its key units, but said it saw overall "encouraging progress" in other areas.
STOCK SYMBOL: SNA
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Constellation Brands — Chief Executive Officer Rob Sands is stepping down on March 1. He'll remain with the company as executive chairman, and will be succeeded by the spirits maker's president, Bill Newlands.
STOCK SYMBOL: STZ
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Visa – Visa is raising its quarterly dividend to 25 cents per share from 21 cents, an increase of 19 percent. The increased dividend will be paid on December 4 to shareholders of record as of November 16.
STOCK SYMBOL: V
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Alcoa – Alcoa reported adjusted quarterly profit of 63 cents per share, well above the consensus estimate of 36 cents a share. Te aluminum producer's revenue also came in above forecasts. Alcoa saw higher aluminum prices during the quarter, prompted by supply disruptions, and the company also announced a $200 million stock buyback program.
STOCK SYMBOL: AA
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Sealed Air – Sealed Air cut its annual earnings forecast, with the industrial gas maker citing a negative impact from currency translation as well as higher costs.
STOCK SYMBOL: SEE
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Shire — Japanese regulators approved Takeda Pharmaceutical's $62 billion acquisition of the British drugmaker. The deal has already gotten clearance from the U.S., Brazil, and China, and awaits clearance from the European Union.
STOCK SYMBOL: SHPG
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SAP – SAP raised its outlook following a 41 percent jump in third quarter cloud revenues. The business software maker now expects revenue growth of 7.5 percent to 8.5 percent this year, up from the prior range of 6 percent to 7.5 percent. It also raised the lower end of its profit forecast range. Some analysts are expressing concern about profit margins, however.
STOCK SYMBOL: SAP
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Novartis – Novartis is buying U.S. drugmaker Endocyte for $2.1 billion or $24 per share in cash. That represents a 54 percent premium over Endocyte's Wednesday closing price of $15.56. Endocyte specializes in radiopharmaceutical drugs, which carry radioactive substances directly to cancer cells.
STOCK SYMBOL: NVS
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Facebook – Facebook thinks a recent hack of 30 million user tokens was done by spammers seeking to make money through deceptive advertising, according to The Wall Street Journal.
STOCK SYMBOL: FB
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EBay – The online marketplace operator is suing Amazon.com, alleging the online retail giant of illegally poaching eBay sellers using its internal messaging system. Amazon said it is investigating the accusation.
STOCK SYMBOL: EBAY
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Gap – Gap was downgraded to "underweight" from "neutral" at JPMorgan Chase, which points to sales weakness at the apparel seller's flagship Gap stores as well as profit margin pressures.
STOCK SYMBOL: GPS
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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 Thursday, October 18th, 2018! :)
Submitted October 18, 2018 at 08:49AM by bigbear0083 https://ift.tt/2EwJ4Pc
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