Good morning traders of the r/StockMarket sub! Welcome to Monday! Here are your pre-market stock movers & news this AM-
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Frontrunning: October 29th
- Robert Bowers, the man accused of killing 11 worshippers in a Pittsburgh synagogue, is expected to appear in a federal court today. Bowers, a 46-year-old resident of Baldwin, Pennyslvania, faces 29 federal charges, some of which are punishable by death. (CNN)
- Pittsburgh mourns victims of synagogue attack (WSJ)
- Lion Air flight carrying 189 people, including crew, from the Indonesian capital of Jakarta crashed into the sea off the island of Java today shortly after take-off, officials said. There was no immediate word on fatalities or injuries. (CNBC)
- Chancellor Angela Merkel will not stand for re-election as chair of her Christian Democratic Union party, multiple news reports said today, sending the strongest signal to date that she is ready to slowly wind down her time as leader of Germany.
- Brazil's Supreme Electoral Tribunal has declared far-right congressman Jair Bolsonaro the next president of Latin America's biggest country. Bolsonaro pledged to reform government finances and reorient diplomatic relations. (AP)
- President Donald Trump ridiculed billionaire Democrat Tom Steyer over the weekend, calling him "crazed" and a "sumbling lunatic." The comment came just days after Steyer was targeted in a bomb plot aimed at leading Democratic figures. (CNBC)
- Trump and Pelosi dominate ads aimed at rallying and repelling midterm voters (WSJ)
- A U.S. envoy said today that North Korea must take steps towards verified denuclearization before achieving the "shared goal" of an official end to the 1950-53 Korean War. The North has failed to satisfy U.S. demands. (Reuters)
- The $687.8 million that two Powerball players won in Saturday night's drawing marks the third-largest prize in the game's history.State taxes in both Iowa and New York will reduce the winners' take further by at least 8.5 percent. (CNBC)
- Sam's Club is opening a location in Dallas that will allow customers to scan and pay for their groceries with an app — without a cashier or standing in the checkout line. The retailer promises a wider rollout of the technology. (CNBC)
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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FRIDAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($FB $AAPL $BABA $GE $IQ $MA $BIDU $EBAY $CHK $XOM $EA $TEVA $GM $UAA $TNDM $BP $SPOT $ON $FDC $ADP $CVX $KO $AMRN$SBUX $X $ABBV $PFE $FIT $PAYC $YNDX $OLED $ABMD $WTW $ANET $WLL $LL $FEYE $DDD $RIG $SNE $KEM $NWL $STX $BAH $FTNT)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($FDC $ON $YNDX $TSEM $WFT $ARLP $BCLI $ERJ $CTB $BAH $PCH $AMG $BLMN $DAN $ESS $OIS $TWIN $SXI $TOWR $SIR $SRI $MDCA$PROV $MCY $RAMP $CDAY)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
(T.B.A.)
([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 LINK #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!)
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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:
- IBM
- TXMD
- RHT
- ESPR
- F
- AAPL
- DAN
- AMG
- FDC
- HAIN
- SEED
- HSBC
- ON
- AKAM
- CTB
- KEM
- ORRF
- ALNY
- CECE
- BAH
- YNDX
- XON
- KLAC
- EWZ
- MDLZ
- BLMN
- ARLP
- X
- OCLR
- WATT
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
IBM – IBM is buying Linux software distributor Red Hat for about $33 billion in cash, or $190 per share, in its biggest ever acquisition. That represents a nearly 63 percent premium over Red Hat's Friday closing price of $116.68.
STOCK SYMBOL: IBM
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HSBC – HSBC reported profit of $5.9 billion for the third quarter, higher than the $5.6 billion that analysts were expecting. Europe's biggest bank saw its bottom line benefit from stronger business in Asia, as well as cost controls.
STOCK SYMBOL: HSBC
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Bloomin' Brands – The restaurant chain reported adjusted quarterly profit of 10 cents per share, 1 cent a share above estimates. Revenue was in line with expectations. The parent of Outback Steakhouse and other restaurant chains saw comparable sales rise 2.9 percent, and it raised its full-year forecast.
STOCK SYMBOL: BLMN
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First Data – The payment processing company fell 2 cents a share short of Street forecasts, with revenue above forecasts. First Data cut its full-year earnings forecast, due to the negative impact of currency fluctuations.
STOCK SYMBOL: FDC
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Booz Allen Hamilton – The technology consulting firm reported adjusted quarterly earnings of 68 cents per share, 9 cents a share above Street forecasts. Booz Allen's revenue fell slightly short of estimates, however, but the company raised its full-year earnings forecast above current analysts' estimates.
STOCK SYMBOL: BAH
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General Electric – GE shareholders are bracing for a dividend cut or suspension when GE reports quarterly earnings Tuesday morning, according to analysts who spoke to The Wall Street Journal. The paper said investors would actually take that as a good sign in that it would help GE conserve cash and use it to fix its businesses.
STOCK SYMBOL: GE
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Denbury Resources – Denbury is buying fellow oil and gas producer Penn Virginia in a cash-and-stock deal worth $1.7 billion, including debt.
STOCK SYMBOL: DNR
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Tesla – Tesla shareholder Baillie Gifford & Co. said it would be willing to inject more cash into the automaker, according to a partner in the investment firm quoted by the Times of London. Baillie Gifford is the third largest Tesla shareholder with a 7.72 percent stake.
STOCK SYMBOL: TSLA
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Ford Motor – Ford was upgraded to "buy" from "neutral" at Goldman Sachs, which also increased its price target on the automaker's shares to $12 from $9. Goldman said Ford would see an earnings trough in 2019, followed by improvement based on refreshments in the product line as well as cost improvements.
STOCK SYMBOL: F
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Apple – Apple is $7 billion behind in its royalty payments to Qualcomm, according to the chipmaker. Qualcomm made its claim in a court hearing on Friday, the latest in a series of legal actions between the two companies. Separately, Jefferies initiated coverage of Apple with a "buy" rating, saying the iPhone will serve as the foundation for "massive" recurring services revenue.
STOCK SYMBOL: AAPL
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Ralph Lauren – Ralph Lauren was rated "buy" in new coverage at Deutsche Bank, which said the apparel maker is in the early stages of a brand turnaround with an improvement in profitability already apparent.
STOCK SYMBOL: RL
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Electronic Arts – Electronic Arts was downgraded to "sector weight" from "overweight" at KeyBanc, citing diminished confidence in the videogame maker's product pipeline and the expectation of downward revisions in earnings estimates.
STOCK SYMBOL: EA
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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 Monday, October 29th, 2018! :)
Submitted October 29, 2018 at 09:11AM by bigbear0083 https://ift.tt/2PZLuqY
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