Good morning traders of the r/StockMarket sub! Welcome to the final trading day of November! Here are your pre-market stock movers & news this AM-
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Frontrunning: November 30th
- President Donald Trump and Chinese leader Xi Jinping are expected to discuss trade at the G-20 summit in Argentina — a meeting closely watched for clues on where tensions between the two economic powerhouses are going. (CNBC)
- President Trump lashed out at special counsel Robert Mueller's investigation and called for its demise after his former attorney, Michael Cohen, pleaded guilty to lying in hopes of covering up potential Russian ties. (USA Today)
- Mueller's Russia probe is red hot again after midterm election (CNBC)
- CNBC has learned Rep. Beto O'Rourke, who lost a surprisingly tight race against Sen. Ted Cruz, has been invited to New Hampshire to speak with voters and meet experienced political operators in the crucial presidential primary state.
- Communities in California are reevaluating everything from evacuation routes to communications systems to prepare for a "new normal" of heightened fire risks in the aftermath of the state's deadliest wildfire. (WSJ)
- Facebook (FB) Chief Operating Officer Sheryl Sandberg told the company's communications staff to carry out research on the financial interests of liberal billionaire George Soros, according to a new report by The New York Times.
- Speaking at the Forbes Healthcare conference this week, early Amazon (AMZN) investor John Doerr said he's expecting CEO Jeff Bezos to roll out an offering for medical and health products that resembles Amazon Prime. (CNBC)
- A long-time Google employee has started soliciting money for a fund to support workers that strike or resign in response to the latest report about Google's plans for a censored search app in China, dubbed Project Dragonfly. (CNBC)
- Prices for lettuce varieties including iceberg and Boston lettuce soared as much as 168 percent after an outbreak of E. coli linked to romaine lettuce stopped sales of the popular salad green. (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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TODAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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NEXT WEEK'S ECONOMIC CALENDAR:
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NEXT WEEK'S UPCOMING IPO'S:
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NEXT WEEK'S EARNINGS CALENDAR:
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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N/A.
THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
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NONE.
EARNINGS RELEASES BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
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NONE.
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:
- GME
- AMBA
- T
- VMW
- SPLK
- WDAY
- MAR
- PVH
- PAGS
- PANW
- HPQ
- CREE
- VNE
- EDIT
- AVAV
- XENE
- DB
- TVIX
- UAA
- LULU
- VRTX
- CTAS
- ETH.X
- ABT
- BTC.X
- DVAX
- ARNC
- ADBE
- UVXY
- ANF
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Marriott – The hotel chain revealed that hackers had access to the Starwood brand guest reservation database since 2014, and could access a variety of personal data that in some cases included payment information. The breach predates Marriott's deal to buy Starwood, which was announced in 2016 and completed last year.
STOCK SYMBOL: MAR
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Goldman Sachs – Goldman was downgraded to "neutral" from "buy" at Bank of America. Bank of America said although the current valuation discounts most potential negatives related to the 1MDB investigation, uncertainty may linger for a while.
STOCK SYMBOL: GS
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HP Inc. – HP reported adjusted quarterly profit of 54 cents per share, matching Street forecasts. The computer and printer maker's revenue slightly beat estimates on growth in the company's personal systems business.
STOCK SYMBOL: HPQ
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GameStop – GameStop reported adjusted quarterly profit of 67 cents per share, topping consensus forecasts by 10 cents a share. The videogame retailer's revenue was very slightly above estimates, but the shares are under pressure after the company cut its full-year outlook. GameStop is seeing hardware – which has lower margins than other parts of its business – exhibit more dominance of its sales mix than expected.
STOCK SYMBOL: GME
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Workday – Workday came in 17 cents a share above estimates with adjusted quarterly profit of 31 cents per share. The human resources software company's revenue exceeded Street forecasts, as well. Workday's results were driven by a 35 percent increase in subscription revenue.
STOCK SYMBOL: WDAY
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Nio – The CEO of the China electric carmaker's U.S. unit, Padmasree Warrior, is resigning. Her departure is the first executive change at Nio since its September initial public offering.
STOCK SYMBOL: NIO
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VMWare – VMWare earned an adjusted $1.56 per share for its latest quarter, 6 cents a share above estimates. Revenue came in essentially in line with expectations. The cloud software maker also raised its 2019 guidance.
STOCK SYMBOL: VMW
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PVH – PVH beat estimates by 7 cents a share, with adjusted quarterly profit of $3.21 per share. The apparel maker's revenue was very slightly below estimates. PVH is seeing weakness in its Calvin Klein business, although it said its Tommy Hilfiger brand is outperforming expectations.
STOCK SYMBOL: PVH
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Under Armour – The athletic apparel maker's shares were upgraded to "market perform" from "underperform" at Wells Fargo, ahead of the company's December 12 meeting with analysts. Wells Fargo said the bear case for Under Armour has "run out of steam" and that management is likely to lay out bullish sales and margin targets at that meeting.
STOCK SYMBOL: UAA
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Deutsche Bank – The bank's headquarters were raided by police in Frankfurt for a second day, amid money laundering allegations linked to the so-called "Panama Papers."
STOCK SYMBOL: DB
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CVS Health – CVS closed its deal to buy insurer Aetna earlier this week, but a judge is now raising the prospect of not approving the deal. Judge Richard Leon said the government and the two companies are treating him as a "rubber stamp" for the deal by already having closed it, although Aetna said in a statement that such an action is commonplace.
STOCK SYMBOL: CVS
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AT&T – AT&T told investors it is committed to cutting up to $20 billion in debt next year. It also told its Investor Day gathering that it plans to launch three versions of a new video streaming service next year featuring original content from its Warner Brothers, Turner, and HBO units.
STOCK SYMBOL: T
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Fair Isaac – FICO was upgraded to "overweight" from "equal weight" at Barclays, which cited several factors including valuation. It also raised its price target on the provider of credit scores to $225 per share from $200.
STOCK SYMBOL: FICO
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Ambarella – Ambarella reported adjusted quarterly profit of 21 cents per share, beating the consensus estimate of nine cents, while the chip maker's revenue and current quarter guidance also beat forecasts. Ambarella was once the primary supplier of chips for GoPro cameras, although GoPro has since diversified its supplier base.
STOCK SYMBOL: AMBA
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Palo Alto Networks – Palo Alto Networks earned an adjusted $1.17 per share for its fiscal first quarter, 12 cents above estimates, with the cybersecurity software company's revenue also exceeding Wall Street forecasts. The company also gave a stronger than expected outlook.
STOCK SYMBOL: PANW
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General Electric – The Wall Street Journal reports that ex-staffers have told federal investigators that certain insurance risks were ignored, leading GE to have less-than-sufficient reserves to cover losses. Separately, Deutsche Bank lowered its price target on GE stock to $7 per share from $11, based on what it sees as the most likely macroeconomic scenario. However, it is maintaining its "hold" rating on the stock, which closed Thursday at $7.94.
STOCK SYMBOL: GE
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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, November 30th, 2018! :)
Submitted November 30, 2018 at 09:08AM by bigbear0083 https://ift.tt/2RokX7m
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