Thursday, November 1, 2018

r/StockMarket Daily Discussion - Thursday, Nov. 1st, 2018 [Welcome to November!]

Good morning traders of the r/StockMarket sub! Welcome to Thursday! Happy first trading day of the new month! Here are your pre-market stock movers & news this AM-


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Frontrunning: November 1st

  • President Donald Trump said the number of military troops deployed to the U.S.-Mexican border could reach 15,000, roughly double the number the Pentagon said it currently plans for a mission whose dimensions are shifting daily. (AP)
  • In an interview with Axios that will premiere on Sunday, Trump said railing against his enemies in the media helped him win the election, and that his supporters like him more when he cranks up the "enemy of the people" rhetoric.
  • Trump ripped House Speaker Paul Ryan, a day after Ryan said the president could not eliminate birthright citizenship with an executive order. Ryan, a prolific party fundraiser, is retiring and not seeking re-election. (CNBC)
  • With less than a week left before Election Day, Democrats are leaving nothing to chance in the final leg of the midterm election campaign, outspending Republicans by a wide margin in the parties' battle for control of the House. (CNBC)
  • Republicans pin election hopes on Trump's rallies (WSJ)
  • Pelosi confident Dems will gain seats and flip the House (CNBC)
  • Today is the beginning of the second Affordable Care Act enrollment season under Trump, and things are pretty stable. People will also be able to buy skimpy, inexpensive "short-term" plans as an alternative to ACA coverage. (Axios)
  • Hundreds of Google employees in more than 20 offices around the world are staging walk-outs today to protest for more transparency amid complaints of sexism, racism and unchecked executive power in their workplace. (CNBC)
  • Apple (AAPL) is exploring a tie-up with the largest U.S. radio group, iHeartMedia, to try and boost its streaming service, according to the Financial Times. Talks between the two companies are reportedly at a preliminary stage.
  • CVS (CVS) is piloting a program in Boston that includes free delivery on most prescriptions and online purchases, access to a pharmacist helpline, a 20 percent discount on all CVS-branded products and a monthly $10 coupon. (CNBC)
  • Billionaire investor David Einhorn's hedge fund Greenlight Capital posted a small gain in October, when stocks tumbled, but is still nursing some of the industry's biggest losses for the year. Greenlight is traditionally one of the first firms to notify investors of its performance. (Reuters)

STOCK FUTURES NOW:

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YESTERDAY'S MARKET HEAT MAP:

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

TODAY'S MARKET HEAT MAP:

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

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S S&P SECTORS:

(CLICK HERE FOR TODAY'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:

($TEVA $SPOT $AMRN $ABMD $DWDP $MPC $W $LITE $RDS.A $TREE $USCR $SN $HBI $CI $MT $PBI $SHPG $ATTU $FLWS $D $SFM $OSK$NBL $IDXX $AVP $YRCW $STOR $IIVI $PENN $MNKD $ECA $FND $CNQ $NYT $SSYS $PH $BCE $AAWW $AMCX $GNRC)

(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!]())

N/A.


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!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #4!)
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES LINK #5!)

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:

(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!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • AMRN
  • SPOT
  • AAPL
  • ACB
  • W
  • TEVA
  • AAOI
  • FND
  • ABMD
  • DWDP
  • RDUS
  • NFX
  • MGPI
  • LITE
  • ECA
  • CI
  • ULBI
  • P
  • PCRX
  • TPX
  • ARW
  • CNSL
  • HBI
  • CNCE
  • AMCX
  • WRLD
  • VECO
  • IIVI
  • BT
  • RLJE

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

DowDupont – The chemical maker beat estimates by 3 cents a share, with adjusted quarterly profit of 74 cents per share. Revenue was slightly below forecasts, however. Its results were helped by strength in its cosmetics, paints, and packaging products. The company also announced a new $3 billion stock buyback program.

STOCK SYMBOL: DWDP

(CLICK HERE FOR LIVE STOCK QUOTE!)

Newfield Exploration – Newfield agreed to be bought by Canadian oil and gas producer Encana in an all-stock deal valued at C$5.5 billion, or $4.2 billion in U.S. dollars. Encana plans to raise its dividend by 25 percent and expand its share buyback program once the deal closes.

STOCK SYMBOL: NFX

(CLICK HERE FOR LIVE STOCK QUOTE!)

Apple – Apple is in talks to buy a stake in radio station operator iHeartMedia, according to the Financial Times. The paper said Apple could also announce a marketing partnership rather than an investment.

STOCK SYMBOL: AAPL

(CLICK HERE FOR LIVE STOCK QUOTE!)

Cigna – The insurance company reported adjusted quarterly profit of $3.84 per share, beating the consensus estimate of $3.44 a share. Revenue also beat forecasts, thanks in part to a drop in medical costs for its government health-care plans.

STOCK SYMBOL: CI

(CLICK HERE FOR LIVE STOCK QUOTE!)

Teva Pharmaceutical – The drugmaker beat Street forecasts by 14 cents a share, with adjusted quarterly profit of 68 cents per share. Revenue also topped forecasts, and Teva raised its full-year forecasts as key drugs continue to post strong sales.

STOCK SYMBOL: TEVA

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Spotify – The music streaming service posted an unexpected profit for its latest quarter, with analysts having anticipated a loss. Revenue also exceeded forecasts, and Spotify's monthly average users jumped 28 percent to 191 million.

STOCK SYMBOL: SPOT

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Generac – The maker of home and commercial power generators beat consensus estimates by 35 cents a share, with adjusted quarterly profit of $1.43. Revenue also beat Wall Street forecasts. Generac saw strength in all its markets, as well as an increase in profit margins.

STOCK SYMBOL: GNRC

(CLICK HERE FOR LIVE STOCK QUOTE!)

Tempur Sealy – The mattress retailer fell 16 cents short of estimates with adjusted quarterly profit of $1.02 per share, while revenue also missed Street forecasts. The company also cut its earnings forecast.

STOCK SYMBOL: TPX

(CLICK HERE FOR LIVE STOCK QUOTE!)

Hanesbrands – The apparel maker matched Street forecasts with adjusted quarterly profit of 55 cents per share, but revenue fell short of estimates. The company said overall performance was partly impacted by the Sears bankruptcy, but gave what it calls a "confident" outlook.

STOCK SYMBOL: HBI

(CLICK HERE FOR LIVE STOCK QUOTE!)

AIG – AIG lost an adjusted 34 cents per share for the third quarter, surprising analysts who had expected a profit of 6 cents per share. The insurance company's results were impacted by significant catastrophe losses in North America and Japan.

STOCK SYMBOL: AIG

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Fitbit – Fitbit earned an adjusted 4 cents per share for its latest quarter, compared to expectations of a 1 cent per share loss. The wearable fitness device maker's revenue also topped estimates, although the company did give mixed current-quarter guidance.

STOCK SYMBOL: FIT

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Roku – Wedbush upgraded the maker of streaming video devices to "outperform" from "neutral," saying a recent pullback in the stock was overdone and that it has built an exceptional platform to support its players.

STOCK SYMBOL: ROKU

(CLICK HERE FOR LIVE STOCK QUOTE!)

Allstate – Allstate reported adjusted quarterly profit of $1.93 per share, shy of the $2.21 a share consensus estimate. The insurer's revenue came in above Street forecasts, however, and the company also announced a new $3 billion stock buyback plan.

STOCK SYMBOL: ALL

(CLICK HERE FOR LIVE STOCK QUOTE!)

Las Vegas Sands, Wynn Resorts — Shares in the casino operators may benefit from the news that gambling revenue in Macau rose 2.6 percent in October from a year earlier to about $3.4 billion, the highest monthly figure in four years. Gambling revenue in the Chinese territory has now risen for 27 straight months.

STOCK SYMBOL: LVS

(CLICK HERE FOR LIVE STOCK QUOTE!)

STOCK SYMBOL: WYNN

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Royal Dutch Shell – Royal Dutch Shell posted its highest quarterly profit in four years during the third quarter, helped by rising oil and gas prices.

STOCK SYMBOL: RDS.A

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Pfizer – Pfizer was downgraded to "market perform" from "outperform" at BMO Capital Markets in what the firm said is a valuation call. The drugmaker's stock is up almost 19 percent so far this year.

STOCK SYMBOL: PFE

(CLICK HERE FOR LIVE STOCK QUOTE!)

SeaWorld Entertainment – SeaWorld was upgraded to "overweight" from "sector weight" at Keybanc, which cites higher confidence that the theme park operator will have a successful turnaround.

STOCK SYMBOL: SEAS

(CLICK HERE FOR LIVE STOCK QUOTE!)

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 Thursday, November 1st, 2018! :)



Submitted November 01, 2018 at 09:06AM by bigbear0083 https://ift.tt/2CWeNXO

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