Good morning traders & investors of the r/StockMarket sub! Welcome to FOMC Wednesday! Here are your pre-market stock movers & news this AM-
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Frontrunning: December 19th
- The sentencing of Michael Flynn was postponed after the judge told the ex-national security advisor “arguably you sold your country out ” — and warned the fallen Army lieutenant general that he might be sent to jail if he didn’t agree to the delay. (CNBC)
- Federal judges reviewing complaints lodged against Supreme Court Justice Brett Kavanaugh said that the allegations against him are serious but that they must dismiss them without determining their merits. (CNBC)
- The U.S. Senate passed a bill changing sentencing guidelines for federal prisoners. The government will allow early release for potentially tens of thousands of inmates who were convicted of nonviolent crimes. (WSJ)
- GlaxoSmithKline (GSK) and Pfizer (PFE) announced a $12.7 billion all-stock deal to combine their consumer health businesses in a joint venture that will be 68 percent owned by Glaxo. (Reuters)
- Facebook (FB) said it did not give some companies access to user data without their permission. That follows a Times report that some companies were allowed greater access to user data, including Microsoft’s Bing search engine.
- With a modified Tesla (TSLA) Model X zipping through a Boring Company tunnel last night, Elon Musk took the wraps off his vision of a high-speed tunnel system he believes could ease congestion and revolutionize commutes. (CNBC)
- Diego Piacentini, one of the most senior executives at Amazon (AMZN) who had previously led its international business, has left the company after a two-year hiatus, adding to a string of executive departures over the past year. (CNBC)
- Japan’s SoftBank Corp began trading today in Tokyo in Japan’s biggest-ever IPO and one of the largest the world has seen. Shares open down 6.40 percent at 1,404.00 yen on the Tokyo Stock Exchange. (CNBC)
- Blockchain startup Digital Asset’s CEO and one of the most prominent supporters of the distributed ledger technology on Wall Street, Blythe Masters, is stepping down after about four years in the role. (Reuters)
STOCK FUTURES NOW:
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YESTERDAY'S MARKET HEAT MAP:
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TODAY'S MARKET HEAT MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($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 $TWST)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($MU $FDX $GIS $PAYX $NCS $JBL $SCS $WGO $AIR $ABM)
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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:
- MU
- FDX
- PFE
- GIS
- FB
- WGO
- GSK
- XBI
- RCII
- NKE
- TLRY
- HEAR
- NCS
- SLB
- LABU
- AXTA
- CNDT
- UPS
- SYNH
- AFL
- PAYX
- VSTO
- JBL
- MLHR
- GE
- FLOW
- SNAP
- CVS
- MLNX
- AVA
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
General Mills – The food company earned an adjusted 85 cents per share for its latest quarter, 4 cents a share above estimates. Revenue was short of forecasts, however, and organic sales were down 1 percent. Overall sales were up by 5 percent from a year earlier, helped by the acquisition of pet products maker Blue Buffalo.
STOCK SYMBOL: GIS
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Winnebago – The recreational vehicle maker reported quarterly profit of 70 cents per share, 6 cents a share above estimates. Revenue also topped Wall Street forecasts and Winnebago raised its quarterly dividend by one cent a share to 11 cents per share. The company’s quarterly results were helped by improved RV sales in North America as well as contributions from its new marine division.
STOCK SYMBOL: WGO
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Eli Lilly – The drugmaker announced a 15 percent dividend increase, raising the quarterly payout to 64 1/2 cents per share. Lilly also issued an upbeat profit forecast for 2019.
STOCK SYMBOL: LLY
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Hershey – The chocolate maker’s stock got a double upgrade from Bank of America/Merrill Lynch to “buy” from “underperform.” The firm said that investments made by Hershey last year and this year should result in improved organic sales and operating profit growth in 2019.
STOCK SYMBOL: HSY
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Under Armour – The athletic apparel maker was downgraded to “underweight” from “neutral” at Atlantic Equities. The firm said Under Armour is taking a more disciplined approach to growth, which will support the health of the brand but will also result in slower growth than previously assumed.
STOCK SYMBOL: UAA
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Best Buy – Moffett Nathanson upgraded the electronics retailer to “neutral” from “sell,” noting a strong holiday season and the 30 percent drop in the stock over the past three months.
STOCK SYMBOL: BBY
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*FedEx *– FedEx reported adjusted quarterly profit of $4.03 per share, 9 cents a share above estimates. Revenue also came in slightly above Street forecasts, however the package delivery company lowered its 2019 forecast on weakness In Europe and an overall decline in global trade.
STOCK SYMBOL: FDX
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American Express – The stock was downgraded to “neutral” from “buy” at Bank of America/Merrill Lynch, which noted that the stock has outperformed this year and this quarter and that macroeconomic uncertainty will result in weaker sentiment for the stock going forward.
STOCK SYMBOL: AXP
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Jabil Circuit – Jabil beat Street estimates by 2 cents a share, with adjusted quarterly profit of 90 cents per share. The electronics manufacturer’s revenue also beat forecasts and Jabil gave strong current-quarter revenue guidance. The company said efforts to diversify into new markets were paying off.
STOCK SYMBOL: JBL
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Micron Technology – Micron reported adjusted quarterly profit of $2.97 per share, a penny a share ahead of estimates. The chipmaker’s revenue fell short of Street forecasts, however, and Micron issued an outlook that was shy of estimates, pointing to a glut of memory chips on the market.
STOCK SYMBOL: MU
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GlaxoSmithKline, Pfizer – The drugmakers announced an all-stock deal to combine their consumer health businesses in a joint venture that will be 68 percent owned by Glaxo. The British company plans to split into two companies following the completion of the Pfizer deal, one for prescription drugs and vaccines, the other for over-the-counter drugs.
STOCK SYMBOL: GSK
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STOCK SYMBOL: PFE
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Facebook – Facebook said it did not give some companies access to user data without their permission. That follows a New York Times report that some large technology companies were allowed greater access to user data, including Microsoft’s Bing search engine.
STOCK SYMBOL: FB
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Boeing – Boeing raised its forecast for jet sales in India, despite continuing losses by India-based airlines.
STOCK SYMBOL: BA
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Bristol-Myers Squibb – The drugmaker will sell its French consumer health unit to Japan’s Taisho Pharmaceutical Holdings for $1.6 billion. Bloomberg had reported earlier this week that the two sides were near a deal.
STOCK SYMBOL: BMY
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Johnson & Johnson — Drug inspectors in India have seized samples of Johnson & Johnson baby powder, according to a source quoted by Reuters. That follows an earlier Reuters report that the company knew for decades that its talc products contained asbestos.
STOCK SYMBOL: JNJ
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CBS — Former Wall Disney Chief Operating Officer Tom Staggs is the leading candidate to become the next CEO of CBS, according to The Wall Street Journal.
STOCK SYMBOL: CBS
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Aflac — Japanese conglomerate Japan Post Holdings plans to take a roughly 7 percent stake in the U.S.-based disability insurer. The purchase would need regulatory approval in the US and Japan, which Aflac said it expected in the second half of 2019.
STOCK SYMBOL: AFL
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General Electric – GE has filed confidentially for an initial public offering of its GE Healthcare unit, according to a Bloomberg report.
STOCK SYMBOL: GE
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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 Wednesday, December 19th, 2018! :)
Submitted December 19, 2018 at 08:25AM by bigbear0083 https://ift.tt/2S4Nb7y
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