Good morning traders of the r/StockMarket sub! Welcome to Friday! Here are your pre-market stock movers & news this AM-
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Frontrunning: November 9th
- A federal judge blocked a permit by President Donald Trump's administration allowing the Keystone XL pipeline. It barred any construction of the long-delayed project until completion of a supplemental environmental review. (WSJ)
- The Trump administration unveiled tough new rules on asylum seekers who break border laws. The new rule declares that immigrants who illegally cross the border will be stripped of their eligibility to receive asylum in the U.S. (CNBC)
- The FBI said a former Marine combat veteran acted alone, and opened fire in a Los Angeles area bar packed with line-dancing college students, killing 12 people in a mass shooting that stunned a bucolic Southern California community. (Reuters)
- President Xi Jinping is attempting to reassure China's private sectorthat it has nothing to fear from the state. Xi reportedly met entrepreneurs, telling them they "should feel totally reassured" and offered tax breaks and financing help. (CNBC)
- Sears Holdings (SHLD) announced it plans to close 40 more storesearly next year. This will be in addition to the 142 unprofitable stores the department store chain is already expected to close toward the end of 2018. (CNBC)
- This map shows where Sears is closing stores next (CNBC)
- Procter & Gamble (PG) announced it is simplifying its business,organizing the majority of its operations around 6 "small business units" with their own leaders. Activist investor Nelson Peltz had lobbied for the company to simplify. (CNBC)
- The FDA plans to limit sales of most flavored e-cigarettes to vape shops and move forward with a ban on menthol cigarettes as it tries to curb "epidemic" levels of teen e-cigarette use, according to senior FDA officials. (CNBC)
- Alphabet (GOOGL) unit Google has selected Geisinger Health CEO David Feinberg to define a strategy to coordinate its moves into the $3 trillion health care sector. The company's AI chief Jeff Dean was deeply involved in the process. (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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TODAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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NEXT WEEK'S ECONOMIC CALENDAR:
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NEXT WEEK'S UPCOMING IPO'S:
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NEXT WEEK'S EARNINGS CALENDAR:
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($ERF $ADNT $BSTI $UBNT $STWD $NEOS $ASUR $SUP $SRDX $VLRX $OMER $SSP $REV $PBPB $RDNT $UFAB $TGTX $WMS $MGI $ESNT$EVA $MPAA $TCP $MNI $FOE $AXSM $QRTEA $RMTI $PLXP $GWRS $BBDC $CAAS $OXFD $TRCO $BTAI)
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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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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:
- KNDI
- ATVI
- YELP
- TTD
- GE
- DIS
- OMER
- FNSR
- DBX
- DGAZ
- UWT
- UBNT
- HTZ
- IIVI
- SWIR
- ROKU
- TGTX
- TRCO
- OXFD
- REV
- SWKS
- BRS
- WVE
- CDNA
- ERI
- WES
- BSTI
- BTAI
- STNE
- CNAT
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
General Electric – J.P. Morgan Securities analyst Stephen Tusa cut his price target on the stock to $6 from $10, saying the most recent earnings report was worse than expected on "almost all fronts."
STOCK SYMBOL: GE
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Walt Disney – Walt Disney reported adjusted quarterly profit of $1.48 per share, 14 cents a share above estimates. Rrevenue also topped forecasts. The fiscal fourth quarter beat concluded a record year for Disney, with results helped by a strong performance by Disney's movie operations as well as higher theme park attendance.
STOCK SYMBOL: DIS
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Procter & Gamble – P&G unveiled a major reorganization of its operational structure, cutting the number of business units to six from 10. The changes will take effect in July 2019.
STOCK SYMBOL: PG
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Monster Beverage – Goldman Sachs reiterated its "buy" recommendation and added the stock to its "Americas Conviction List." Monster shares fell more than three percent Thursday on concern about the introduction of a competing drink from Coca-Cola, but Goldman feels the downside risk to Monster from such a drink is limited.
STOCK SYMBOL: MNST
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Revlon – The cosmetics company lost 21 cents per share for its latest quarter, less than the 40 cents a share loss expected by the single analyst who provided estimates to Refinitiv. Revenue was above that one estimate, and Revlon said it was continuing to streamline operations with moves that will include some headcount reduction.
STOCK SYMBOL: REV
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Potbelly – The sandwich chain earned an adjusted 9 cents per share for its latest quarter, missing consensus estimates by 2 cents a share. Revenue also missed Street forecasts, with comparable sales at company owned locations declining by 0.2 percent. The company said it is pleased with its progress in improving customer traffic.
STOCK SYMBOL: PBPB
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Activision Blizzard – Activision reported adjusted quarterly profit of 52 cents per share, beating estimates by 2 cents a share. The videogame publisher's revenue matching analysts' forecasts, however the shares are being pressured by a weaker-than-expected current-quarter forecast due in part to weakness in its "Destiny" franchise.
STOCK SYMBOL: ATVI
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Hertz Global – Hertz earned adjusted $2.14 per share for its latest quarter, beating the consensus estimate of $1.71 a share. The car rental company's revenue also beat Wall Street projections. Hertz said it is pleased with the results of its operational turnaround, with revenue and profit having increased year-over-year for the fourth consecutive quarter.
STOCK SYMBOL: HTZ
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Dropbox – Dropbox beat estimates by 5 cents a share, with adjusted quarterly profit of 11 cents per share. The cloud storage company's revenue also topped forecasts and Dropbox gave an upbeat current-quarter revenue forecast on an expansion in its paying customer base.
STOCK SYMBOL: DBX
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Yelp – Yelp fell a penny a share shy of expectations, with profit of 9 cents per share. The company's revenue came in short of estimates, as well. The online review site operator said it is addressing the issues that impacted its quarterly results, although it expects them to impact current quarter results as well. Yelp's quarter was impacted in part by no longer requiring business customers to commit to a fixed time period for advertising.
STOCK SYMBOL: YELP
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Allstate – The insurance company is mulling the sale of its fixed annuities business, according to a Bloomberg report. The unit is said to have a book value of $4 billion to $5 billion.
STOCK SYMBOL: ALL
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Finisar – Finisar will be acquired by II-VI for about $3.2 billion in cash and stock, or $26 per share. The optical components company's stock had closed at $18.88 on Thursday.
STOCK SYMBOL: FNSR
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The Trade Desk – The company earned an adjusted 65 cents per share for the latest quarter, beating the consensus estimate of 50 cents a share. The developer of programmatic advertising technology also saw revenue come in above Street forecasts, boosted by an increase in the company's international business.
STOCK SYMBOL: TTD
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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 9th, 2018! :)
Submitted November 09, 2018 at 08:52AM by bigbear0083 https://ift.tt/2QD7U1e
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