Friday, October 26, 2018

(10/26) - Friday's Pre-Market Stock Movers & News

Good morning traders of the r/StockMarket sub! Welcome to Friday! Here are your stock movers & news this AM-


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Frontrunning: October 26th

  • Investigators are focusing on Florida as a transit point for a number of the suspected explosive devices recovered so far in a campaign aimed at top Democratic Party leaders and supporters, a law enforcement official told USA Today.
  • President Donald Trump's administration is considering blocking ports of entry to migrants, including asylum seekers, on the U.S.-Mexico border. Several options are expected to be delivered to the Department of Homeland Security today. (WSJ)
  • General Motors (GM) said today it wants Trump to back a nationwide program to boost the sale of zero emission vehicles like electric cars. The government has proposed ending California's ability to require more clean vehicles. (Reuters)
  • Trump outlined a plan to lower drug prices in the U.S. Under the proposal, the Department of Health and Human Services would permit Medicare to create a new payment model that would bring prices in line with what other nations pay. (CNBC)
  • Democratic campaigns target healthcare as GOP weak spot(Reuters)
  • Attorney Michael Avenatti welcomed a potential criminal probe by the Justice Department into statements he and his client Julie Swetnick made about alleged sexual misconduct by Supreme Court Justice Brett Kavanaugh. (CNBC)
  • Google CEO Sundar Pichai sent an email to all Google employees saying the company has fired 48 people over the last two years for sexual harassment. Of those 48 people, 13 were "senior managers and above." (CNBC)
  • Big Tech's year of reckoning (Axios)
  • Sears (SHLD) Chairman Eddie Lampert seemingly swooped in again to save Sears, with a plan to pay to support it through its bankruptcy operations. But there is a new catch. He will only put in more money if his investment is further protected. (CNBC)
  • The current $750 million Powerball jackpot — up for grabs in Saturday night's drawing — marks the third-largest haul in the game's history and the fourth-largest lottery prize ever. If you win, here are tips on how to remain anonymous. (CNBC)

STOCK FUTURES NOW:

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YESTERDAY'S MARKET HEAT MAP:

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YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

NEXT WEEK'S ECONOMIC CALENDAR:

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NEXT WEEK'S UPCOMING IPO'S:

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NEXT WEEK'S EARNINGS CALENDAR:

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($GT $PSX $CHTR $GBX $WY $CL $COG $MCO $R $AON $GVA $VTR $FELE $B $ZBH $TEN $SMLR $SMP $WETF $ALV $DCOM $LPNT $POR$PFS $FMX $VRTS $RDY $SBSI $ESXB)

(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

EARNINGS RELEASES BEFORE THE OPEN TODAY:

(CLICK HERE FOR THIS MORNING'S PRE-MARKET EARNINGS RELEASES!)

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:

(CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!)

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • AMZN
  • GOOG
  • QQQ
  • INTC
  • GOOGL
  • SPY
  • GILD
  • CHTR
  • WDC
  • CL
  • SOXL
  • GT
  • FSLR
  • MCO
  • VTR
  • PSX
  • LPNT
  • DWT
  • FOXA
  • MLNX
  • SNAP
  • ITUB
  • TDG
  • FB
  • UWT
  • RARE
  • AMGN
  • XHB
  • GG
  • DGAZ

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Amazon.com – Amazon reported quarterly profit of $5.75 per share, well above the consensus estimate of $3.14 a share. The Street appears to be focusing on revenue that came in below forecasts, however, as well as disappointing fourth-quarter guidance.

STOCK SYMBOL: AMZN

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Alphabet – Alphabet earned $13.06 per share for the third quarter, compared to the consensus estimate of $10.42 a share. But – like Amazon – the Google parent also reported revenue below analysts' projections, despite a 21 percent jump from a year earlier.

STOCK SYMBOL: GOOGL

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Intel – Intel beat forecasts by 25 cents a share, with adjusted quarterly profit of $1.40 per share. The chipmaker's revenue also beat estimates, and it raised its full-year forecast on the strength of demand in the personal computer and data center markets.

STOCK SYMBOL: INTC

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Colgate-Palmolive – The consumer products company matched estimates, with adjusted quarterly profit of 72 cents per share. Revenue came in slightly below Street forecasts, however. Colgate noted a difficult pricing environment and higher costs, and said it expects a single-digit sales decrease in the current quarter due to foreign exchange.

STOCK SYMBOL: CL

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Moody's – The credit rating agency fell 9 cents a share short of estimates, with adjusted quarterly profit of $1.69 per share. Revenue also missed forecasts, and Moody's cut its full-year forecast due in part to a decline in corporate debt issuance.

STOCK SYMBOL: MCO

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Chipotle Mexican Grill – Chipotle reported adjusted quarterly profit of $2.16 per share, 16 cents a share above consensus forecasts. The restaurant chain's revenue was in line with Street forecasts. Comparable-store sales jumped 4.4 percent, although that was below the FactSet consensus estimate of a 5 percent rise.

STOCK SYMBOL: CMG

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Expedia – Expedia beat consensus forecasts by 53 cents a share, with adjusted quarterly earnings of $3.65 per share. The travel website operator's revenue missed forecasts. Expedia saw an 11 percent jump in gross bookings, with total lodging room nights rising 13 percent.

STOCK SYMBOL: EXPE

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Gilead Sciences – Gilead reported adjusted quarterly profit of $1.84 per share, beating the consensus estimate of $1.63 per share. The drugmaker also raised its full-year revenue guidance.

STOCK SYMBOL: GILD

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Snap – Snap lost 12 cents per share, 2 cents a share less than forecasts, while the Snapchat parent's revenue beat estimates. The company reported a drop in daily active users, however, and Snap said it expects that to continue during the current quarter.

STOCK SYMBOL: SNAP

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Mattel – Mattel missed estimates by 2 cents a share, with adjusted quarterly profit of 18 cents per share. The toymaker's revenue missed expectations, as well. Investors appear to be encouraged by stronger-than-expected North American sales, however.

STOCK SYMBOL: MAT

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Western Digital – Western Digital matched forecasts with adjusted quarterly profit of $3.04 per share, but the data storage company saw revenue come in below estimates and warned of a continued decline in flash memory pricing.

STOCK SYMBOL: WDC

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Campbell Soup – Campbell and its board were sued by Daniel Loeb's Third Point, which accuses the food company of distributing misleading and incomplete information to shareholders. Third Point is currently seeking to replace Campbell's entire board of directors. In a statement, the company said it was "vigorously contesting" the lawsuit.

STOCK SYMBOL: CPB

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Charles Schwab – Schwab authorized a new $1 billion stock repurchase program. The discount brokerage firm is replacing a prior program which had $596 million remaining.

STOCK SYMBOL: SCHW

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Mellanox Technologies – Mellanox is working with an adviser on a potential sale, according to sources who spoke to CNBC. The computer hardware maker is said to have received takeover interest from at least two companies, but talks are at an early stage and a deal is not considered imminent.

STOCK SYMBOL: MLNX

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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, October 26th, 2018! :)



Submitted October 26, 2018 at 08:42AM by bigbear0083 https://ift.tt/2Au4p82

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