Tuesday, October 30, 2018

r/StockMarket Daily Discussion - Tuesday, Oct. 30th, 2018 [Pre-Market Movers & News]

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


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Frontrunning: October 30th

  • President Donald Trump is planning to terminate birthright citizenship, according to Axios. He plans to sign an executive order that would remove the right to citizenship for babies of non-citizens and unauthorized immigrants born on U.S. soil.
  • US to deploy over 5,200 troops to Mexico border (Reuters)
  • Trump told Fox News the man suspected of sending explosive devices to CNN and several prominent Democrats "was insane a long time before." He previously claimed that "Fake News" has caused "great anger" in the country.
  • In the same interview, Trump said he thinks there will be "a great deal" with China on trade. But the president also warned that he has billions of dollars worth of new tariffs ready to go if a deal with Beijing isn't possible.
  • Republicans expect to have difficulty holding onto their House majority, according to USA Today, who interviewed officials. Behind the scenes, Republicans have formed a circular firing squad ahead of next Tuesday's election.
  • GOP worries Trump skeptics in party might sit out midterms (WSJ)
  • More states are using Medicaid to focus on addressing social determinants of health such as access to housing and food, Axios reported. It's seen as a way to make health care more comprehensive and cost-effective.
  • Apple (AAPL) will hold a product event today in New York, with new iPad and Mac updates expected to be unveiled. CNBC's Todd Haselton said there may be other surprises as well, including Apple's AirPower wireless charging system.
  • Walmart (WMT) will be rolling out a "check out with me" option that it's been testing to all stores by Black Friday. Its mobile app this holiday season will also feature store maps that are aimed to help shoppers find items faster.
  • Facebook (FB) banned ads from Bloom, an online identity management service, saying that it was offering deceptive financial services products. Bloom does not sell any financial products, although people can use its service to apply for loans. (CNBC)

STOCK FUTURES NOW:

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YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

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!)

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:

($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)

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

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($GE $MA $UAA $BP $KO $PFE $LL $SNE $KEM $CMI $BHGE $AGN $FCAU $AET $INCY $AMT $ARNC $HCA $I $TPR $IPGP $HUN $CTSH $ESV$ARRY $VMC $AOS $HMC $FLIR $MSM $VSH $WCG $GPN $FUN $KBR $CVLT $RGS $PES $EAT $IRMD $LYB $MAS)

(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:

(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #1!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #2!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #3!)

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!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #3!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #4!)

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 LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • GE
  • UAA
  • KO
  • PFE
  • ESIO
  • LL
  • FB
  • EBAY
  • AET
  • IQ
  • BP
  • KBR
  • EA
  • CTSH
  • UA
  • INSM
  • AGN
  • GPN
  • EAT
  • NEO
  • SSTK
  • FLOW
  • RGS
  • AMGN
  • TPR
  • TXRH
  • NVDA
  • KEM
  • LYB
  • MA

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Coca-Cola – The beverage giant reported adjusted quarterly profit of 58 cents per share, 3 cents a share above estimates. Revenue also beat forecasts, as organic revenue rose six percent from a year earlier.

STOCK SYMBOL: KO

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General Electric – General Electric missed estimates by 6 cents a share, with adjusted quarterly profit of 14 cents per share. Revenue also came in below forecasts in the first quarterly report since new CEO Larry Culp took over. GE also slashed its dividend to 1 cent a share from 12 cents a share.

STOCK SYMBOL: GE

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Pfizer – The drugmaker and Dow component reported adjusted quarterly profit of 78 cents per share, 3 cents a share above estimates. Revenue came in below forecasts, however and Pfizer lowered the upper end of its projected full-year revenue outlook because of a stronger dollar and supply issues. The company also narrowed its earnings outlook.

STOCK SYMBOL: PFE

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Tapestry – Tapestry came in 3 cents a share above estimates, reporting adjusted quarterly profit of 48 cents per share. Revenue also beat forecasts on strong demand for Kate Spade handbags and four percent increase in comparable sales at Coach stores.

STOCK SYMBOL: TPR

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Under Armour – The athletic apparel maker more than doubled Street forecasts, earning an adjusted 25 cents per share compared to consensus of 12 cents. Revenue was above forecasts as well, on the strength of stronger overseas sales.

STOCK SYMBOL: UAA

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Dell Technologies – Investor Carl Icahn increased his stake to 9.3 percent from 8.3 percent, according to a Securities and Exchange Commission filing. Icahn is opposing the deal for the computer maker to buy out DVMT shares, which track Dell's investment in VMWare.

STOCK SYMBOL: DVMT

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Mondelez International – Mondelez reported adjusted quarterly profit of 62 cents per share, beating consensus estimates by a penny a share. The snack maker's revenue was slightly below estimates, but it posted stronger-than-expected organic revenue. The bottom line was helped by higher prices, as well as lower expenses.

STOCK SYMBOL: MDLZ

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Apple — Apple will hold a product event today in New York, with new iPad and Mac updates expected to be unveiled.

STOCK SYMBOL: AAPL

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Akamai Technologies – Akamai came in 11 cents a share ahead of Street forecasts, with adjusted quarterly profit of 94 cents per share. Revenue also topped estimates. Akamai saw its results boosted by a 37 percent jump in cloud-security revenue, and the company also announced a $1.1 billion stock buyback program.

STOCK SYMBOL: AKAM

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BP – BP reported its highest profit in five years, thanks to stronger oil prices. It also said it would be able to fund its acquisition of BHP Billiton's shale business entirely from available cash. It had previously planned to use a rights issue to partially fund the $10.5 billion deal.

STOCK SYMBOL: BP

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Sony – Sony increased its full-year profit outlook on strength in its gaming business, after reporting a 17 percent increase in second quarter operating profit.

STOCK SYMBOL: SNE

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Tesla — Elon Musk tweeted that he has deleted his CEO and chairman titles at the automaker "to see what would happen."

STOCK SYMBOL: TSLA

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Campbell Soup — Third Point is pushing for Campbell to explore a breakup of the company, according to sources quoted by The Wall Street Journal. The hedge fund is currently trying to replace Campbell's entire board.

STOCK SYMBOL: CPB

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J.C. Penney – The retailer named Michael Fung as interim chief financial officer. Fung had previously held executive roles at retailers Neiman Marcus and 99 Cents Only Stores.

STOCK SYMBOL: JCP

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JetBlue – JetBlue was upgraded to "overweight" from "neutral" at J.P. Morgan Securities, which said the airline's stock is the cheapest of the domestic carriers with potential for 20 percent upside.

STOCK SYMBOL: JBLU

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Transocean — Transocean earned an adjusted 6 cents per share for the third quarter, compared with an expected loss of 10 cents per share. The oilfield services company's revenue also beat estimates as drilling activity escalates.

STOCK SYMBOL: RIG

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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 Tuesday, October 30th, 2018! :)



Submitted October 30, 2018 at 08:43AM by bigbear0083 https://ift.tt/2Sv6Qy3

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