Thursday, November 8, 2018

r/StockMarket Daily Discussion - Thursday, Nov. 8th, 2018

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


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Frontrunning: November 8th

  • Police said at least 12 people have died after a shooting at a crowded restaurant in Thousand Oaks, California. According to a local NBC News report, at least 11 people had been shot, including a deputy sheriff. The shooter is confirmed dead.
  • Attorney General Jeff Sessions is leaving the Trump administrationafter more than a year of public criticism from his boss, President Donald Trump. Sessions' chief of staff, Matthew Whitaker, will serve as acting attorney general. (CNBC)
  • Whitaker will take over Mueller probe oversight (CNBC)
  • The day after his party lost its lock on Congress, Trump walked into a press conference ready for political combat, name-checking Republicans who he blamed for losing their seats and lashing out at reporters who challenged his assertions. (Reuters)
  • Trump is in big trouble now that Democrats control the House — and he knows it (CNBC)
  • Health care wins and stocks rally as Democrats take control of the US House (CNBC)
  • The White House suspended the press pass of CNN's Jim Acosta after he and Trump had a heated confrontation at a news conference. They began sparring after Acosta asked Trump about the caravan of migrants heading to the southern U.S. border. (AP)
  • Mike Bloomberg and Tom Steyer become kingmakers for Democrats as both billionaires mull a 2020 run (CNBC)
  • China reported today exports and imports for the month of October that exceeded forecasts. The country's overall trade surplus was $34.01 billion for October, lower than the $35 billion economists had expected. (CNBC)
  • Tesla (TSLA) announced late last night that Robyn Denholm has taken Elon Musk's place as chair of the company's board. Denholm, who has served on Tesla's board since 2014, will be leaving her role as CFO of Telstra to focus on Tesla full time. (CNBC)
  • Walmart (WMT) will begin offering Black Friday deals earlier this year, as it vies with Amazon (AMZN) and other retailers for holiday sales. Black Friday deals will be offered online at 10 p.m. ET on Wednesday, Nov. 21, the night before Thanksgiving. (CNBC)
  • Alphabet (GOOGL) unit Google is planning to expand its office spacein New York City, potentially allowing the tech giant to significantly increase staffing in the city, according to a new report from The Wall Street Journal.

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:

($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)

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($PLUG $DNR $CAH $DHI $LNG $ENDP $DISCA $HIMX $NCLH $CROX $HAIN $MGA $SGMS $SND $LGND $JCI $HSGX $NRG $GTT $FLY $AZN$WP $PRGO $BLRX $CRCM $NGL $PRTY $NOMD $CRK $AGTC $GDP $LOXO $TRGP $WIN $XRAY $ZEUS $LUNA $PVAC $TGI $KOP)

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

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:

  • ROKU
  • HIMX
  • ENDP
  • WYNN
  • QCOM
  • ARRS
  • ZAYO
  • MNST
  • CAH
  • CNP
  • COMM
  • DIS
  • CROX
  • NRG
  • CBM
  • JCI
  • CCO
  • CYBR
  • OGE
  • PRTY
  • TRIP
  • DHI
  • CRK
  • HMHC
  • HII
  • ZYNE
  • NCLH
  • STRA
  • UWT
  • ACIW

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

ARRIS International – The maker of communications hardware and software will be acquired by CommScope for $7.4 billion, including assumed debt. The deal is worth $31.75 per share in cash, compared to Wednesday's closing price for ARRIS of $27.79 per share.

STOCK SYMBOL: ARRS

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Perrigo – The drugmaker reported adjusted quarterly profit of $1.09 per share, beating estimates by 8 cents a share despite revenue coming in slightly short of forecasts. The company cut its full-year guidance due to challenges in its generic drug business, among other factors.

STOCK SYMBOL: PRGO

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DR Horton – The home builder matched Street forecasts with quarterly profit of $1.22 per share, while revenue fell below estimates. The company also raised its quarterly dividend to 15 cents per share from 12 1/2 cents.

STOCK SYMBOL: DHI

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Party City – The party supplies retailer missed estimates by 10 cents a share, with quarterly profit of 8 cents per share, and revenue also fell short of Wall Street forecasts as comparable-store sales fell 1 percent. Party City also cut its full-year outlook amid operational disruptions, increased inflationary pressures, and slightly lower-than-expected sales.

STOCK SYMBOL: PRTY

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Monster Beverage – The beverage maker's shares are under pressure, on news that Coca-Cola may be allowed to release two competing drinks. The two companies signed a cooperation agreement in 2015 that did contain some competitive exemptions, but they disagree over whether those exemptions apply in this case.

STOCK SYMBOL: MNST

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L Brands – The retailer raised its current-quarter forecast, based on better-than-expected performance at its Bath & Body Works unit. L Brands, which is also the parent of Victoria's Secret, reported an October company-wide comparable-store sales increase of 4 percent.

STOCK SYMBOL: LB

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Cardinal Health – The drug distributor earned an adjusted $1.29 per share for its latest quarter, 21 cents a share above estimates. Revenue also topped Street forecasts.

STOCK SYMBOL: CAH

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Qualcomm – Qualcomm reported adjusted quarterly earnings of 90 cents per share, 7 cents a share above estimates. The chipmaker's revenue also came in above Wall Street forecasts, however Qualcomm's current-quarter revenue forecast was below consensus estimates due largely from the loss of chip sales to Apple.

STOCK SYMBOL: QCOM

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Keurig Dr Pepper – Keurig Dr Pepper beat estimates by 3 cents a share, with adjusted quarterly profit of 30 cents per share. Revenue came in just above Street forecasts. The beverage maker said the combination of Keurig Green Mountain and Dr Pepper Snapple Group is "off to a great start."

STOCK SYMBOL: KDP

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Roku – Roku posted an adjusted loss of 9 cents per share, 3 cents a share smaller than Wall Street was expecting. The maker of streaming media devices also saw revenue beat forecasts, but the shares are being pressured by weaker-than-expected video platform revenue and a forecast of a net loss for the holiday quarter.

STOCK SYMBOL: ROKU

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News Corp – News Corp reported adjusted quarterly profit of 17 cents per share, well above the consensus estimate of 4 cents a share. The Wall Street Journal owner's revenue was essentially in line with forecasts. Results were boosted by the expansion of News Corp's subscription video services business.

STOCK SYMBOL: NWSA

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Take-Two Interactive – Take-Two beat estimates by 12 cents a share, with adjusted quarterly profit of $1.05 per share,. The videogame maker's revenue also exceeded forecasts and Take-Two raised its full-year outlook following an upbeat debut for its "Red Dead Redemption II" videogame.

STOCK SYMBOL: TTWO

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Wynn Resorts – Wynn fell 1 cent a share shy of Wall Street forecasts, with adjusted quarterly profit of $1.68 per share. The casino operator's revenue beat estimates, however Wynn executives are warning of a slowdown in the key Macau market.

STOCK SYMBOL: WYNN

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Comcast – Comcast is planning to roll out a new set top box that allows broadband-only subscribers to aggregate video streaming applications like Netflix and YouTube. Sources tell CNBC that the product is set to be launched next year. Comcast is the parent company of NBCUniversal and CNBC.

STOCK SYMBOL: CMCSA

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Square – Square beat estimates by 2 cents a share, with adjusted quarterly profit of 13 cents per share. The mobile payments company's revenue also beat forecasts, however Square's current-quarter earnings guidance is below Street forecasts.

STOCK SYMBOL: SQ

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TripAdvisor – TripAdvisor reported adjusted quarterly profit of 72 cents per share, well above the consensus estimate of 48 cents a share despite revenue falling short of analysts' forecasts.

STOCK SYMBOL: TRIP

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AstraZeneca – AstraZeneca said it now anticipates years of sustained sales growth, propelled by demand for its new drugs.

STOCK SYMBOL: AZN

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Tesla – Tesla named board member Robyn Denholm as its new chair, replacing Elon Musk. Musk had agreed to vacate the chairman's role under a settlement with U.S. regulators.

STOCK SYMBOL: TSLA

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Walmart – Walmart will begin offering Black Friday deals earlier this year, as it vies with Amazon.com and other major retailers for holiday sales. Black Friday deals will be offered online at 10 p.m. ET on Wednesday, November 21, the night before Thanksgiving.

STOCK SYMBOL: WMT

(CLICK HERE FOR LIVE STOCK QUOTE!)

UBS – UBS said it expected to be sued by the Justice Department today over the sales of mortgage backed securities ahead of the 2008 financial crisis. It said it would contest any such complaint "vigorously."

STOCK SYMBOL: UBS

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Costco – The warehouse retailer reported an 8.6 percent increase in October comparable-store sales, above the consensus estimate of 7.7 percent compiled by StreetAccount.

STOCK SYMBOL: COST

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Wells Fargo – Wells Fargo is considering the sale of its retirement plan services business, according to a Bloomberg report. The bank is said to be in the early stages of mulling a sale, with the unit worth an estimated $1 billion.

STOCK SYMBOL: WFC

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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 Thursday, November 8th, 2018! :)



Submitted November 08, 2018 at 09:04AM by bigbear0083 https://ift.tt/2PgtmN3

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