Good morning traders of the r/StockMarket sub! Welcome to the final trading day of the week! Here are your pre-market stock movers & news this AM-
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Frontrunning: December 14th
- Starbucks (SBUX) shares were under pressure after its announcement that same-store sales growth would remain steady at between 3 to 4 percent annually over the long term, even as it expands delivery options and nearly doubles stores in China. (CNBC)
- Wedbush Securities began coverage of Tesla shares with an outperform rating, saying Elon Musk’s electric vehicle and energy storage company is now in the top echelon of 21st century technology companies. (CNBC)
- Apple (AAPL) will push software updates to users in China, in a bid to avoid the impact of a court ban on some of its iPhone models there. The ban stemmed from alleged infringement of patents held by chipmaker Qualcomm (QCOM). (Reuters)
- Top Apple analyst cuts Apple iPhone shipment estimates by 20% (CNBC)
- Sears, which filed for bankruptcy protection in October and has been closing dozens of stores, said same-store comparable sales increased 4.3 percent in the recently completed quarter, reversing years of declines. (WSJ)
- Michael Cohen, former Trump personal lawyer, said in an interview he doesn’t believe the president’s defense of his alleged role in hush-money payments to porn star Stormy Daniels and Playboy model Karen McDougal. Cohen was sentenced Wednesday to three years in federal prison. (CNBC)
- Trump inauguration spending under criminal investigation by federal prosecutors (WSJ)
- The open enrollment period to get health insurance next year through the Affordable Care Act, or Obamacare as it’s commonly known, ends Saturday for most Americans, but a few states will allow people to buy coverage after the deadline. (CNBC)
- Britain’s embattled Prime Minister Theresa May will go back to London empty-handed, after racing to Brussels to try to get a few more concessions from the EU on Brexit. The U.K. Parliament is legally scheduled to vote on the withdrawal agreement before Jan. 21. (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:
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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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NONE.
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:
- XPO
- SHOP
- ADBE
- TLRY
- IDRA
- XOM
- BEL
- WPM
- NBEV
- SBUX
- NLY
- MMS
- QQQ
- NOK
- PG
- JDST
- IWM
- HSBC
- SPX
- FXE
- TQQQ
- NIO
- DIA
- COST
- VOD
- ACB
- MNST
- FPRX
- SDOW
- DJIA
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Costco – Costco reported adjusted quarterly profit of $1.61 per share, one cent shy of estimates, although revenue did beat forecasts. Costco’s same-store sales were higher by 8.8 percent during the quarter, matching forecasts.
STOCK SYMBOL: COST
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Adobe Systems – Adobe earned an adjusted $1.90 per share for its latest quarter, beating estimates by two cents, while the software maker’s revenue was slightly above Street forecasts. The maker of popular software like Photoshop and Acrobat also raised its revenue forecast for the full year.
STOCK SYMBOL: ADBE
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Starbucks – Starbucks shares are under pressure after its announcement that same-store sales growth would remain steady at between three to four percent annually over the long term, even as it expands delivery options and nearly doubles stores in China.
STOCK SYMBOL: SBUX
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Belmond – Belmond agreed to be bought by French luxury goods maker LVMH for $3.2 billion including assumed debt, or $25 per share for the Bermuda-based luxury hotel operator.
STOCK SYMBOL: BEL
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Regeneron Pharmaceuticals – The stock was upgraded to “buy” from “neutral” and added to the “Conviction Buy” list at Goldman Sachs. Goldman said the drug maker has a robust product pipeline, and that any negatives involving the long term market for its eye drug Eylea are already priced in.
STOCK SYMBOL: REGN
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Apple – Apple will push software updates to users in China, in a bid to avoid the impact of a court ban on some of its iPhone models in that country. That ban stemmed from alleged infringement of patents held by chipmaker Qualcomm.
STOCK SYMBOL: AAPL
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Ford, General Motors – Ford and General Motors were rated “buy” in new coverage at Deutsche Bank, which said industry headwinds have prompted deep restructuring and could prompt further collaboration and even consolidation.
STOCK SYMBOL: F
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STOCK SYMBOL: GM
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Tesla – Tesla was rated “outperform” in new coverage at Wedbush, which said the automaker has revolutionized consumer buying habits and has an impressive product roadmap. Separately, Tesla announced a price cut for its Model S and Model 3 cars in China, after Beijing suspended additional tariffs on US-made cars.
STOCK SYMBOL: TSLA
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Cisco Systems – The networking equipment maker was downgraded to “buy” from “neutral” at Nomura/Instinet, which thinks IT spending strength may diminish in 2019.
STOCK SYMBOL: CSCO
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Procter & Gamble – The consumer products giant’s stock was upgraded for a second straight day, this time by Morgan Stanley. The firm said P&G’s gross margins are improving, and revenue and earnings are growing faster than those of its peers.
STOCK SYMBOL: PG
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Facebook – Facebook is planning a further push into video, with Recode reporting that it would like to sell consumers subscriptions to cable TV networks like HBO.
STOCK SYMBOL: FB
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Walgreens Boots Alliance – Goldman Sachs downgraded the stock to “sell” from “neutral”, saying challenges in the retail pharmacy business have intensified and that other initiatives will not produce enough revenue to offset a declining core business.
STOCK SYMBOL: WBA
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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, December 14th, 2018! :)
Submitted December 14, 2018 at 08:30AM by bigbear0083 https://ift.tt/2UKTdMg
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