Good morning traders and investors of the r/StockMarket sub! Welcome to Thursday! Here are your pre-market stock movers & news this AM-
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Frontrunning: December 13th
- Michael Cohen, former personal lawyer and fixer for President Donald Trump, was sentenced to three years in prison for a range of crimes, including ones which helped cover up Trump’s “dirty deeds” and put the president in legal peril. (CNBC)
- Prosecutors give National Enquirer publisher immunity over hush money to purported Trump lover (CNBC)
- Billionaire and liberal philanthropist George Soros has been telling his aides that he may not back a candidate during the 2020 Democratic presidential primary as the potentially large field sorts itself out. (CNBC)
- Rep. Nancy Pelosi and fellow Democrats who had tried to derail her bid to become House speaker announced they’d come to an agreement that would all but ensure her path to become the most powerful Democrat in government. (USA Today)
- Canadian businessman Michael Spavor, who worked with North Korea, is missing in China, according to a Canadian official. The news came days after Chinese authorities detained a former Canadian diplomat. (Reuters)
- U.K. Prime Minister Theresa May won a crucial vote of confidence in her leadership last night. May won the leadership challenge by 200 votes to 117 votes against her in the ballot of Conservative members of parliament. (CNBC)
- The holiday season is looking merrier for consumer electronics company Nintendo. That’s thanks to a hot selling new “Super Smash Bros.” game as well as early signs that its Switch console is selling better. (WSJ)
- Japan’s Softbank is planning to replace telecom equipment made by China’s Huawei with hardware from Nokia (NOK) and Ericsson (ERIC), according to a report from Japan’s Nikkei news service.
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:
($ADBE $AEO $SFIX $COST $DSW $PLAY $CIEN $PVTL $ASNA $INSE $FRAN $GTIM $CDMO $ASPU $ARWR $DLHC $CASY $PLAB $VRA $NCS$NX $TLRD $SEAC $ROAD $CHKE $IRET $OXM $NDSN $FTI $VERU $PHX $CIVI $SKIS $SMMT $PURE $STRM $MMMB $AXNX)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($CIEN $TLRD $DLHC $NDSN $VERU $OXM $FTI $AVXL)
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THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
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T.B.A.
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:
- GE
- NBEV
- CIEN
- TLRD
- OXM
- ADBE
- PG
- COST
- AMAG
- BFAM
- KFY
- MET
- AGTC
- VNCE
- APTI
- WDR
- BAS
- DVAX
- FCFS
- TSCO
- XPO
- CZR
- FIVN
- LM
- DLX
- STE
- MTRX
- DAL
- DOMO
- JBGS
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Coca-Cola – UBS downgraded the stock to “neutral” from “buy.” The firm notes Coke’s stable earnings growth, but adds that the company is in the midst of significant changes and that issues with any one of them could prompt management to back away from prior growth targets.
STOCK SYMBOL: KO
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General Electric – JPMorgan Chase analyst Stephen Tusa upgraded GE to “neutral” from “underweight,” but kept his price target at $6 per share. Tusa said he is less negative on GE as the number of unknown factors abates. Separately, GE announced the creation of a new $1.2 billion “Internet of Things” software company, and the sale of a majority stake in cloud-software maker ServiceMax to Silver Lake Partners.
STOCK SYMBOL: GE
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Procter & Gamble – Bank of America/Merrill Lynch upgraded P&G to “buy” from “neutral,” saying it is convinced sales and earnings momentum can be sustained following both its own analysis and meetings with company management.
STOCK SYMBOL: PG
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Ciena – The networking equipment maker beat estimates by five cents with adjusted quarterly profit of 53 cents per share, with revenue also beating forecasts. Ciena also announced a $500 million stock buyback program.
STOCK SYMBOL: CIEN
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Tailored Brands – Tailored Brands reported adjusted quarterly profit of $1.01 per share, seven cents above estimates. However, the parent of apparel chains Jos. A. Bank and Men’s Wearhouse saw revenue miss estimates, and it lowered its full year guidance because of weakening comparable sales at Men’s Wearhouse at the end of the third quarter.
STOCK SYMBOL: TLRD
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Oxford Industries – Oxford fell three cents shy of estimates with adjusted quarterly profit of 14 cents per share, while revenue missed forecasts as well. The maker of the Tommy Bahama and Lilly Pulitzer apparel brands gave weaker than expected current quarter guidance and also cut its forecast for comparable store sales.
STOCK SYMBOL: OXM
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Apple – Apple will spend $1 billion to build a new campus in North Austin, Texas, and is also investing $10 billion in new data centers in various U.S. locations. Separately, the International Trade Commission said it would review a prior ruling that a ban on iPhone imports into the U.S. was not in the public interest, even if Apple did in fact infringe a Qualcomm patent.
STOCK SYMBOL: AAPL
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Nokia, Ericsson - Japan’s Softbank is planning to replace telecom equipment made by China’s Huawei with hardware from Nokia and Ericsson, according to a report from Japan’s Nikkei news service.
STOCK SYMBOL: NOK
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STOCK SYMBOL: ERIC
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SeaWorld Entertainment - The Justice Department has ended a probe in SeaWorld’s response to a critical 2013 documentary. In an SEC filing, the theme park operator said the Justice Department did not intend to take any action against the company. Earlier this year, SeaWorld agreed to a $4 million penalty to settle charges that it had misled investors, while its former CEO James Atchison agreed to pay more than $1 million.
STOCK SYMBOL: SEAS
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Tractor Supply – Tractor Supply was upgraded to “buy” from “hold” at Deutsche Bank, which cites a number of factors including the farming supplies maker’s moves to increase profit margins.
STOCK SYMBOL: TSCO
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Mondelez – Mondelez agreed to sell its Kraft-branded cheese business in the Middle East and Africa to Denmark’s Arla Foods for an undisclosed amount.
STOCK SYMBOL: MDLZ
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Marvell Technology – The maker of digital storage and connectivity solutions was upgraded to “buy” from “neutral” at Citi, which points to increasing sales diversification and gross margin expansion.
STOCK SYMBOL: MRVL
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Five Below – The discount retailer was upgraded to “buy” from “neutral” at Goldman Sachs in a valuation call. Goldman said that an 18 percent drop in the stock over the past month seems disconnected from robust fundamentals.
STOCK SYMBOL: FIVE
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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, December 13th, 2018!
Submitted December 13, 2018 at 08:26AM by bigbear0083 https://ift.tt/2C9cPT4
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