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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Frontrunning: November 7th
- Democrats will win control of the House, a triumph that gives the party real levers of power to check President Donald Trump and Senate Republicans, NBC News projects. Republicans are projected to keep control of the Senate and add to their majority.
- Women were elected to the House in record numbers (CNBC)
- Here's what the US election results mean for Trump's trade war with China (CNBC)
- The Florida Senate race — the country's most expensive contest this year and also one of its most bitter — was too close to call early this morning with a potential recount ahead, according to NBC News projections.
- Three red states vote to expand Medicaid during an election where health care was the top issue (CNBC)
- A fierce Trump critic and Wall Street foe, Rep. Maxine Waters, appears poised to take control of the House's powerful financial services committee. She has been the top Democrat on the banking panel since Barney Frank retired in 2013. (CNBC)
- The Department of Homeland Security hadn't seen security breaches affecting votes around the U.S. as midterm contests came to a close. Since the 2016 election, tech platform and policymakers have paid close attention to election protection. (Axios)
- Brett Kavanaugh signaled a possible break with his fellow conservative Supreme Court justices during a dramatic day of oral argument in a high-stakes death penalty case concerning a man who was convicted on charges of murder, kidnapping and rape. (CNBC)
- Secretary of State Mike Pompeo's nuclear meeting with North Korean officials was cancelled, the Wall Street Journal reported. It dealt a setback to a rocky diplomatic process and lowered hopes for progress on denuclearization.
- Amazon (AMZN) is likely to choose Long Island City, a neighborhood in Queens, New York, as one of two locations for its next headquarters. It's one of the most unusual and fastest-growing neighborhoods in New York. (CNBC)
- Qualcomm (QCOM) suffered a court setback, when a federal judge ruled that the chip maker is required to license some of its patents to industry rivals. The ruling stems from an antitrust lawsuit brought against Qualcomm by the FTC. (Reuters)
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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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($SQ $ROKU $WYNN $HEAR $DBX $DIS $ATVI $TTD $TWLO $CVS $BKNG $TRXC $QCOM $ETSY $RACE $SYY $SOGO $TTWO $BHC $MTCH$SWKS $SEAS $LLY $NIO $PLUG $L $GRPN $FNKO $MYL $KORS $AAOI $ATHN $REGN $OXY $FOLD $ONVO $SRE $TEUM $CTL $AMC $RL)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($KORS $GRPN $SRE $HUM $ODP $FOXA $DISH $COTY $ROK $MEET $TSG $VAC $SMG $SO $HZNP $DF $CARS $MTBC $BBSI $DLPH $PTLA$MGLN $ALNY $PFGC $PLX $VSI $VRS $ANDX $CDK $RCM $GIB $VIRT $SBGI $CNTY $CCLP $CUI $CRL $CNHI $SGRY $MNTA $VGR)
(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!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #5!)
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:
- TWLO
- KORS
- AG
- ETSY
- HUM
- HZNP
- MTCH
- SMG
- ENDP
- SRCI
- ZG
- MTBC
- REPH
- APHA
- VIRT
- ROK
- CDK
- DF
- Z
- INFN
- XOMA
- SRE
- WWW
- NTES
- QCOM
- SBGI
- DATA
- CECE
- SWKS
- WYNN
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Target – The retailer's stock was upgraded to "outperform" from "market perform" at Cowen, which cites good value at Target's stores, convenient digital pickup options, and private brand innovation.
STOCK SYMBOL: TGT
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Dish Network – The satellite TV company earned 82 cents per share for the third quarter, 15 cents above estimates. Revenue was in line with Street forecasts, but Dish lost 367,000 satellite subscribers compared to estimates of 232,000.
STOCK SYMBOL: DISH
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Michael Kors – The luxury goods maker reported adjusted quarterly profit of $1.27 per share, beating estimates by 17 cents. Revenue was essentially in line, and Kors raised its full year forecast. However, comparable stores sales fell 2.1 percent versus a consensus estimate of a 0.7 percent decline, largely due to weakness in Europe.
STOCK SYMBOL: KORS
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Dean Foods – The dairy producer lost 28 cents per share for its latest quarter, wider than the six cent loss expected by analysts. Revenue came in above estimates, but the company's bottom line was impacted by higher expenses.
STOCK SYMBOL: DF
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Humana – The health insurer earned an adjusted $4.58 per share, beating the consensus estimate of $4.26. Revenue also beat forecasts, and Humana also raised its full year outlook. Humana's results were helped by a strong performance for its Medicare Advantage business.
STOCK SYMBOL: HUM
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Papa John's International – Papa John's fell two cents short of estimates with adjusted quarterly profit of 20 cents per share, and the pizza chain's revenue also fell short of Street forecasts. Comparable sales in North America fell 9.8 percent, but that was less than the 10.7 percent decline that analysts had been expecting.
STOCK SYMBOL: PZZA
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Kraft Heinz – The food company announced plans to sell its Canadian natural cheese unit to Italy's Parmalat for $1.23 billion. It will use the proceeds to pay down debt.
STOCK SYMBOL: KHC
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Etsy – The online crafts marketplace raised its annual revenue forecast, on benefits from higher merchant fees and increased marketing investment.
STOCK SYMBOL: ETSY
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Dell Technologies – The computer maker is telling investors that a higher buyout bid for DVMT shares, the tracking stock for the company's investment in VMWare, is in the works, according to the Wall Street Journal. Investor Carl Icahn is among large investors who say the current $22 billion bid undervalues the shares.
STOCK SYMBOL: DVMT
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Match Group – Match reported adjusted quarterly profit of 39 cents per share, three cents above estimates, while the operator of dating websites like Tinder and Match.com also saw revenue beat forecasts. However, the shares are being pressured on weaker than expected average revenue per user. Separately, Match announced a $2 per share special dividend.
STOCK SYMBOL: MTCH
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Qualcomm – The chip maker suffered a court setback when a federal judge ruled that it is required to license some of its patents to industry rivals. The ruling stems from an antitrust lawsuit brought against Qualcomm by the FTC.
STOCK SYMBOL: QCOM
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Wendy's – Wendy's beat estimates by two cents with adjusted quarterly profit of 17 cents per share, but comparable store sales for the restaurant chain fell 0.2 percent. Wendy's also lowered its same-store forecast for the full year.
STOCK SYMBOL: WEN
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Zillow – Zillow posted a quarterly loss, and the real estate website operator also issued a weaker than expected current quarter revenue forecast.
STOCK SYMBOL: ZG
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Red Robin Gourmet Burgers – Red Robin exceeded estimates by five cents with adjusted quarterly profit of 16 cents per share, but the restaurant chain's revenue missed forecasts, and comparable restaurant sales fell 3.4 percent. It also lowered its full year revenue guidance.
STOCK SYMBOL: RRGB
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TrueCar – TrueCar earned an adjusted four cents per share for its latest quarter, one cent shy of Street forecasts, and the online car buying service also saw revenue fall short of estimates. TrueCar also issued weaker than expected current quarter revenue guidance.
STOCK SYMBOL: TRUE
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Twilio – The cloud computing reported adjusted quarterly profit of seven cents per share, five cents above estimates, while revenue also beat forecasts. Investors are also encouraged by more active customers than they had estimated. Twilio also gave strong current quarter guidance.
STOCK SYMBOL: TWLO
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GoDaddy – GoDaddy missed estimates by nine cents with quarterly profit of 8 cents per share, with the web hosting company's results impacted by greater spending on customer acquisition and international expansion.
STOCK SYMBOL: GDDY
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Fresenius Medical – Fresenius shares are benefiting after California voters rejected a bill that would have capped dialysis payments from insurance companies. Fresenius is the world's largest provider of dialysis equipment.
STOCK SYMBOL: FMS
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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 Wednesday, November 7th, 2018! :)
Submitted November 07, 2018 at 08:40AM by bigbear0083 https://ift.tt/2yVsovC
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