Tuesday, November 6, 2018

r/StockMarket Daily Discussion - Tuesday, Nov. 6th, 2018 [Pre-Market Movers & News]

Good morning traders of the r/StockMarket sub! Welcome to Tuesday! Happy Midterm Election Day! Here are your pre-market stock movers & news this AM-


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Frontrunning: November 6th

  • President Donald Trump wrapped up the 2018 midterm election season with a final sprint across the Midwest, holding massive rallies for his supporters in three states that are key to GOP hopes of maintaining their majority in the Senate. Democrats are expected to gain control of the House. (CNBC)
  • What swing state Florida's midterm races can tell us about the rest of the country (CNBC)
  • Billionaire Democrat Tom Steyer plans Election Day push for Andrew Gillum (CNBC)
  • Democrat Beto O'Rourke tries to upend Ted Cruz the way Trump did in 2016 (CNBC)
  • NBC, Fox News and Facebook (FB) pulled an ad by President Trump's campaign that critics had labeled racist as a bitter election fight for control of the U.S. Congress headed for an unpredictable finish today. (Reuters)
  • Two U.S. defense officials told CNBC that Trump's move to deploy troops to the U.S.-Mexico border is shaping up to cost $220 million.The initial cost estimate comes as nearly 4,000 troops moved to the border Saturday.
  • In a setback for industry groups, the U.S. Supreme Court declined to hear a number of challenges to Obama-era "net neutrality" regulations that barred internet service providers from giving certain customers preferential treatment. (CNBC)
  • Dialysis giant DaVita (DVA) could end up losing up to $400 million a year and be forced to shutter clinics if California voters approve a controversial ballot measure in today's midterm elections. (CNBC)
  • Under Armour (UAA) said it is "committed to providing a respectful and inclusive workplace," after The Wall Street Journal reported the athletic apparel company has stopped letting executives and employees expense strip club visits.
  • Amazon (AMZN) declined comment on multiple reports that it will split its planned second headquarters between two locations – Crystal City in Virginia and Long Island City in New York. It's been more than a year since it issued a call for proposals.
  • Home improvement chain Lowe's (LOW) announced the closure of another 51 underperforming stores in the United States and Canada as it strives to compete with rival Home Depot in a slowing housing market. (Reuters)
  • This map shows where Lowe's is closing stores (CNBC)
  • General Electric (GE) is in talks to sell its commercial lighting business to private equity firm American Industrial Partners, according to a Bloomberg report. They could announce a deal as early as this week.

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:

($CVS $BHC $LLY $NIO $RL $REGN $MBUU $ADM $IONS $ONCE $GOGO $MNK $BDX $CTLT $EMR $JLL $ZBRA $SERV $GSKY $ABC $EMES$HSIC $LONE $LPX $APD $VCEL $MLM $ATRS $BCC $BCRX $LGIH $GTN $CHFS $EYPT $ETM $GFN $HAE $EXPD $BIOS $TRI $USAC)

(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!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • NIO
  • BHC
  • VCEL
  • CVS
  • RL
  • REGN
  • MYL
  • GOGO
  • MNK
  • LLY
  • BKNG
  • BCH.X
  • BOJA
  • BCRX
  • ABC
  • ZBRA
  • ELF
  • RST
  • GSKY
  • XRP.X
  • CAR
  • MOS
  • ETFC
  • MAR
  • ATRA
  • DSKE
  • AAC
  • LPX
  • AFI
  • P

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)

Eli Lilly – The drug giant reported adjusted quarterly profit of $1.39 per share, four cents above estimates, with revenue also beating Street forecasts. Lilly also raised its full year outlook, as it sees strong performance across its pharmaceutical portfolio.

STOCK SYMBOL: LLY

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CVS Health – CVS Health beat Wall Street forecasts by two cents with adjusted quarterly profit of $1.73 per share. Revenue also beat forecasts, helped by a 6.7 percent jump in same-store sales.

STOCK SYMBOL: CVS

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AmerisourceBergen – The drug distributor came in one cent ahead of forecasts with adjusted quarterly profit of $1.45 per share. Revenue was essentially in line, and the company also raised its quarterly dividend to 40 cents per share from 38 cents and announced a new $1 billion stock buyback program.

STOCK SYMBOL: ABC

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Mallinckrodt – The drug maker beat estimates by 31 cents with adjusted quarterly profit of $2.10 per share. Revenue beat forecasts and Mallinckrodt also raised its full year forecast. The company said it saw strength in sales of hospital products and its multiple sclerosis drug Acthar, and added that it was also helped by expense control.

STOCK SYMBOL: MNK

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Mylan – Mylan reported adjusted quarterly profit of $1.25 per share, six cents above estimates, though the drug maker's revenue fell slightly short of forecasts. Mylan saw strong sales in emerging markets, among other positive factors.

STOCK SYMBOL: MYL

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Booking Holdings – Priceline's parent fell short of Street forecasts in its latest quarter, with adjusted quarterly profit of $37.78 per share. Analysts had expected the travel company to earn $38.21 per share. Revenue did beat forecasts, however, and the company issued strong current quarter revenue and earnings guidance.

STOCK SYMBOL: BKNG

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e.l.f. Beauty – The cosmetics company beat estimates by nine cents with adjusted quarterly profit of 17 cents per share, and revenue also came in above forecasts. The company also raised the lower end of its full year earnings guidance outlook.

STOCK SYMBOL: ELF

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Marriott – Marriott reported adjusted quarterly profit of $1.70 per share, beating the consensus estimate of $1.31 per share, However, the hotel operator's revenue was below forecasts, and it also cut its current quarter forecast for the key REVPAR (revenue per available room) metric due to weak demand in North America.

STOCK SYMBOL: MAR

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Avis Budget – Avis Budget missed estimates by 21 cents with adjusted quarterly profit of $3.33 per share, and the car rental company's revenue also came in slightly below forecasts. Avis budget also narrowed its full year revenue and earnings guidance.

STOCK SYMBOL: CAR

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Toyota Motor – Toyota boosted its full year operating profit forecast, thanks to the positive impact of a weaker yen. Profit was up by 11 percent in the automaker's most recent quarter, though that was shy of analyst forecasts.

STOCK SYMBOL: TM

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General Electric – GE announced the sale of its commercial lighting unit to private equity firm American Industrial Partners for an undisclosed price.

STOCK SYMBOL: GE

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Pandora Media – Pandora beat estimates on both the top and bottom lines for its latest quarter, on the strength of a 49 percent jump in subscription revenue. The streaming music service is in the process of being bought by satellite radio operator SiriusXM.

STOCK SYMBOL: P

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Sanofi, Regeneron Pharmaceuticals – The Food and Drug Administration has granted expedited review for Dupixent, an eczema treatment that is being jointly developed by the two drugmakers. Separately, Regeneron earned $5.17 per share for its latest quarter, beating consensus forecasts by four cents.

STOCK SYMBOL: SNY

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STOCK SYMBOL: REGN

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Brookdale Senior Living – The operator of senior living facilities lost 20 cents per share for the third quarter, less than half the 44 cents that analysts were anticipating, and also reported slightly better than expected revenue. The company's bottom line benefited from a drop in expenses, and Brookdale said its occupancy growth was better than the industry average.

STOCK SYMBOL: BKNG

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Altice US – The cable system operator reported quarterly profit of four cents per share, beating the consensus analyst estimate of a breakeven quarter. Altice's revenue also beat forecasts, helped by growth in its residential business.

STOCK SYMBOL: ATUS

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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 Tuesday, November 6th, 2018! :)



Submitted November 06, 2018 at 09:14AM by bigbear0083 https://ift.tt/2yV7M6K

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