Good morning traders of the r/StockMarket sub! Welcome to Tuesday! Here are your pre-market stock movers & news this AM-
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Frontrunning: December 18th
- President Donald Trump’s first national security advisor, Michael Flynn, is set to be sentenced by a federal judge today — and despite a recent dispute with Robert Mueller, there’s good reason to believe he will get a light punishment. (CNBC)
- Chinese President Xi Jinping addressed his nation this morning to commemorate the 40th anniversary of China’s “reform and opening up.” He struck a relatively defiant tone in response to calls for changes to the economy. (CNBC)
- Former Housing and Urban Development Secretary Julián Castro is gathering a group of Democratic party financiers tomorrow for a private breakfast as he looks to amass a 2020 presidential campaign war chest. (CNBC)
- Goldman Sachs (GS) ignored warning signs in dealings with Malaysian investment fund 1MDB, according to the Wall Street Journal. The paper cites internal documents and people involved with 1MDB transactions.
- Goldman says it was lied to in 1MDB scandal that has plagued its stock(CNBC)
- CBS’ (CBS) board of directors announced it would not pay former chairman and CEO Leslie Moonves a $120 million severance package, after completing an investigation of sexual harassment allegations against Moonves. (CNBC)
- A judge ruled that CBS (CBS) and Viacom (VIAB) controlling shareholder Sumner Redstone be placed under court-appointed guardianship due to his difficulties in speaking. However, the trust that controls the media giant remains under Redstone’s sole control until he dies or is deemed incapacitated.
- A federal government committee and other top regulators in the U.S. have approved the proposed merger between T-Mobile and Sprint, paving the way for a union between the country’s third- and fourth-largest wireless operators. (NYT)
- Elon Musk’s Boring Co. to show off Los Angeles transportation tunnels (USA Today)
- Johnson & Johnson (JNJ) announced a $5 billion stock buyback and reaffirmed its full-year 2018 guidance. It came amid the controversy surrounding the company’s talc products and whether they contained cancer-causing asbestos. (CNBC)
- J&J CEO: ‘We unequivocally believe’ our baby powder does not contain asbestos (CNBC)
- The U.S. Surgeon General issued an advisory today urging new restrictions, including taxes and indoor vaping bans to combat youth e-cigarette use. More than 2 million middle school, high school and college teens use e-cigs. (USA Today)
- Democratic-led states urged U.S. District Judge Reed O’Connor in Texas to clarify that Obamacare is still in effect and can be enforced while they challenge a ruling that a central feature of the health law is unconstitutional. (WSJ)
- Health-care stocks plunge after federal judge rules Obamacare unconstitutional (CNBC)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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TODAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($MU $FDX $NKE $BB $ORCL $RHT $GIS $DRI $RAD $PAYX $NCS $FDS $NAV $WOR $ACN $HEI $CSBR $WBA $KMX $SCS $LOVE $CAG $JBL$WGO $CCL $APOG $MLHR $NEOG $CTAS $PIR $SAFM $ABM $AIR $CAMP $ATU $REVG $SCHL $LAKE $TWST)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($ORCL $RHT $DRI $NAV $FDS $WOR $CSBR $HEI $LOVE $LAKE)
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THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
()
([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())
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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(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:
- ORCL
- OMER
- JNJ
- DRI
- BA
- NAV
- RCII
- IWM
- FDS
- SPX
- S
- CBAN
- WOR
- SPY
- PBYI
- OAS
- FGEN
- UGAZ
- UXIN
- FDX
- DIA
- GOGL
- UVXY
- BKD
- NBEV
- BHC
- HEI
- EOLS
- MT
- DWT
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Darden Restaurants – The restaurant chain earned 92 cents per share for its second quarter, a penny a share above estimates. Revenue was very slightly below Street forecasts, and a same-restaurant sales increase of 2.1 percent was above the consensus forecast of a 2 percent rise. Darden also raised its earnings outlook for fiscal 2019.
STOCK SYMBOL: DRI
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FactSet – The financial information provider beat estimates by 6 cents a share, with adjusted quarterly profit of $2.35 per share. Revenue also came in above forecasts and FactSet maintained its prior full-year outlook.
STOCK SYMBOL: FDS
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Navistar – The truck maker reported quarterly profit of $1.89 per share, beating consensus forecasts by 18 cents a share. Revenue also came in above analysts’ forecasts, with increasing truck demand helping sales jump by more than 39 percent.
STOCK SYMBOL: NAV
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Oracle – Oracle reported adjusted quarterly profit of 80 cents per share, beating forecasts by 2 cents a share. The business software maker’s revenue also topped Wall Street forecasts. Investors are particularly encouraged by signs of strength in Oracle’s cloud-computing business.
STOCK SYMBOL: ORCL
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Johnson & Johnson – J&J announced a $5 billion stock buyback and reaffirmed its full-year 2018 earnings and revenue guidance. The announcements come amid the controversy surrounding the company’s talc products and whether or not they contained cancer-causing asbestos.
STOCK SYMBOL: JNJ
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Boeing – Boeing increased its stock buyback program to $20 billion from $18 billion, and also announced a 20 percent dividend hike to $2.055 per share.
STOCK SYMBOL: BA
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CBS – CBS said it would not pay former chairman and CEO Leslie Moonves a $120 million severance package, after completing an investigation of sexual harassment allegations against Moonves. The board of directors issued a statement saying Moonves violated company policies, breached his contract, and did not cooperate fully with the investigation.
STOCK SYMBOL: CBS
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Qualcomm – Qualcomm said it believes Apple is violating the terms of a China court order to stop selling iPhones in that country. Apple said it pushed a software update to its iPhones that resolves patent infringement issues and puts them in compliance with the court order.
STOCK SYMBOL: QCOM
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Kroger – Kroger Chief Financial Officer J. Michael Schlotman will retire from the supermarket operator April 3, although he will remain as executive vice president until he retires at the end of 2019. Gary Millchip, the chief executive of Kroger’s Personal Finance unit, will take over as CFO.
STOCK SYMBOL: KR
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Goldman Sachs – Goldman Sachs ignored warnings signs in dealings with Malaysian investment fund 1MDB, according to The Wall Street Journal. The paper cites internal documents and people involved with 1MDB transactions. While Goldman has insisted that just two employees are responsible for the scandal, insiders told CNBC’s Hugh Son the deals were approved by committees staffed by top executives, including CFO Stephen Scherr.
STOCK SYMBOL: GS
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NCR – NCR was upgraded to “top pick” from “outperform” at RBC Capital Markets, which cites a number of factors including more efficient cost management for the maker of automated teller machines and point-of-sale terminals.
STOCK SYMBOL: NCR
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Viacom — A judge ruled that CBS and Viacom controlling shareholder Sumner Redstone be placed under court-appointed guardianship due to his difficulties in speaking. The trust that controls the media giant remains under Redstone’s sole control, however, until he dies or is deemed incapacitated.
STOCK SYMBOL: VIAB
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Rent-A-Center – The “rent-to-own” company terminated a deal to be bought out by private equity firm Vintage Capital Management, after Vintage did not extend a deadline to close the nearly $1.4 billion deal. The Federal Trade Commission had raised antitrust concerns about the deal, which was first announced six months ago. Rent-A-Center will receive a reverse breakup fee of $126.5 million.
STOCK SYMBOL: RCII
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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, December 18th, 2018! :)
Submitted December 18, 2018 at 08:56AM by bigbear0083 https://ift.tt/2A4Lj7L
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