(11/14) - Wednesday's Pre-Market Movers & News

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

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(CLICK HERE TO VIEW THE FULL SOURCE!)

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Frontrunning: November 14th

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• Three Trump cabinet members — Chief of Staff John Kelly, Homeland Security Secretary Kirstjen Nielsen and Interior Secretary Ryan Zinke — could soon be gone, according to Reuters, citing sources familiar with the discussions.
• The U.K. and European Union are reported to have reached a provisional agreement over Brexit but before anyone gets too excited — or disappointed — there are huge hurdles to overcome to get the draft deal approved on all sides. (CNBC)
• The Wall Street Journal reported that House Majority Leader Kevin McCarthy will likely be elected Republicans' minority leader today. A power struggle has simmered since Speaker Paul Ryan announced his retirement in April.
• CNBC has learned that a week after election night, House Democrat Nancy Pelosi quietly traveled to New York for private events with some of the nation's biggest donors, including potential 2020 presidential candidate Mike Bloomberg.
• The death toll rose to 48 late last night in the deadliest wildfire in California history. Butte County in California is asking for 100 extra National Guard troops to help handle the mayhem from the massive blaze. (USA Today)
• Juul said it will stop selling most of its flavored nicotine pods for its e-cigarettes in retail stores — though only temporarily — as it tries to appease regulators who have ordered the company to help reduce "epidemic" levels of teen use. (CNBC)
• Blu e-cigarette maker plans to restrict online sales amid FDA crackdown on teen use (CNBC)
• Tech giant Amazon (AMZN) said in a release that it will receive up to $2.2 billion total in performance-based incentives from bringing new office and jobs to New York City, Northern Virginia and Nashville. (CNBC)

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STOCK FUTURES CURRENTLY:

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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:

($NVDA $CGC $HD $TLRY $CRON $WMT $AMAT $CSCO $GOOS $JCP $YY $M $MNGA $APRN $ATHM $ACM $TTNP $DFRG $AAP $WIX $NAT$NTAP $TSN $VIAB $NTES $JWN $ARMK $PETQ $HP $NVCM $SWCH $SONO $GLNG $KMDA $VERI $URGN $VIPS $FOCS $BZH $IZEA $GWGH)

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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($CGC $M $GOOS $MNGA $APRN $GLNG $MTOR $DGLY $CVIA $LX $QIWI $ALDX $BPMP $ACST $ARCO $SPCB $ECC $FVE $LIVX $XELB$CYRN$ATNX $TST $EAST $CTK)

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THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:

(T.B.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:

N/A.

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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

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• UGAZ
• CGC
• GOOS
• M
• UNG
• SGMO
• SWN
• AMRN
• TLRY
• PCG
• PAAS
• CSCO
• XIV
• USO
• CS
• RRC
• QIWI
• XLE
• FXE
• XOP
• WEED.CA
• TSM
• BCH.X
• SLV
• BOIL
• ACB
• WIX
• SLB
• GPOR
• CRK

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THIS MORNING'S STOCK NEWS MOVERS:

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(source)

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• Macy's — The retailer reported adjusted earnings per share of 27 cents, well above the expected 14 cents a share. The company's same-store sales also grew for a fourth straight quarter and Macy's raised its earnings guidance for the year.
• Tencent — Tencent reported better-than-expected earnings for the third quarter, boosted by strong growth from its gaming and social media group. On a year-over-year basis, net profit rose 30 percent at Tencent, while revenue grew by 24 percent.
• Snap — The social media company has been subpoenaed by the Justice Department and Securities and Exchange Commission for information about its IPO in March of last year. This follows a shareholder lawsuit that alleges Snap misled people about how competition from Instagram had impacted the company.
• Tilray — The marijuana producer reported a smaller-than-expected loss for the quarter and an 85 percent growth in revenue. Still, the stock fell nearly 5 percent in the premarket.
• Apple — Guggenheim downgraded shares of the tech giant to "neutral" from "buy" and removed its price target of $245, noting iPhone sales could decline by 5 percent in 2019. The analyst also noted that higher average selling prices for the new iPhones will likely lead to "a period of digestion" for consumers.
• Kellogg — Shares of Kellogg were downgraded to "neutral" from "overweight" by a J.P. Morgan analyst. The analyst also cut his price target to $66 a share from $73, and reduced his earnings estimates for the company. "Maintaining an Overweight rating in the face of flat EBIT growth in both 2018 and 2019 (and likely negative EPS growth in 2019) requires a bit more patience than we have at the moment," the analyst said in a note.
• Conagra — Bernstein downgraded Conagra's stock to "underperform" from "market perform," highlighting a slowdown in sales of frozen entrees. "The frozen category has experienced positive growth over the past year … but this now seems to be running out of steam. Although consumer takeaway remains positive and is still strong on a 2-year basis, comparables become tougher from here," Bernstein said.
• Boeing — Both the Federal Aviation Administration and Boeing are looking into possible software changes for the 737 MAX airplane after last month's Lion Air crash in Indonesia.
• Blue Apron — The company said it will reduce its workforce by 4 percent as it tries to become profitable in 2019.

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FULL DISCLOSURE:

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/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.

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DISCUSS!

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What is on everyone's radar for today's trading day ahead here at r/StockMarket?

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I hope you all have an excellent trading day ahead today on this Wednesday, November 14th, 2018! :)

Submitted November 14, 2018 at 09:01AM by bigbear0083 https://ift.tt/2T9iPSa