Good morning traders of the r/StockMarket sub! Welcome to December! Here are your pre-market stock movers & news this AM-
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Frontrunning: December 3rd
- Chinese President Xi Jinping and President Donald Trump put their trade war on pause, striking an agreement to hold off on slapping additional tariffs on each other's goods after Jan. 1, as talks continue between both countries. (CNBC)
- Trump also said in a tweet that China had agreed to cut import tariffs on American-made cars, sending stocks of automakers surging.. The move, if realized, would bolster U.S. carmakers who were hit hard when China ramped up levies. (Reuters)
- The next date to watch in the US-China trade war is Dec. 18(CNBC)
- Trump hails trade deal with China as one of the largest ever made (CNBC)
- Qualcomm (QCOM) said its rejected deal to buy NXP Semiconductors (NXPI) will remain dead, even after the White House suggested that China could reverse itself and approve the deal following talks at G-20 over the weekend. (Reuters)
- The nation is remembering former President George Herbert Walker Bush, who was 94 and lived longer than any other U.S. president. Wednesday has been designated as a national day of mourning and U.S. markets will be closed. (CNBC)
- Former FBI Director James Comey dropped a legal challenge to a Republican-led effort to compel his testimony before Congress, which is seeking more information about the bureau's investigations in the run up to the 2016 elections. (CNBC)
- Former First Lady Michelle Obama took to the stage in Brooklyn over the weekend to promote her book, and dazzled the crowd with anecdotes about her life and marriage to the first African-American president. (CNBC)
- As Democrats look to the 2020 presidential campaign, they will have to decide how much "Medicare for All" should dominate their health-care agenda. The issue runs the risk of dividing moderate and progressive Dems. (Axios)
- Amazon (AMZN) is testing its cashierless checkout technology in bigger stores, according to the Wall Street Journal. The systems track what shoppers pick from shelves and charges them automatically when they leave the store.
- CNBC has learned Marlboro maker Altria is in talks to take a significant minority stake in e-cigarette maker Juul. The fundraise would have valued Juul at more than $20 billion, a person familiar with the matter said.
STOCK FUTURES NOW:
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FRIDAY'S MARKET HEAT MAP:
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TODAY'S MARKET HEAT MAP:
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FRIDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
($LULU $MOMO $AVGO $AZO $DG $OKTA $ULTA $KR $FIVE $COUP $DOCU $FNSR $RH $MRVL $CLDR $RMR $AEO $BMO $SIG $HPE $TOL $ZS$MDB $THO $PLCE $GMS $HDS $OLLI $PDCO $HQY $AOBC $MOV $SMAR $BNED $DLTH $HOME $CONN $MIK $GIII $AVYA $BIG $FGP)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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([CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!]())
N/A.
THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:
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([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())
T.B.A.
EARNINGS RELEASES BEFORE THE OPEN TODAY:
(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)
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:
- NBEV
- TSRO
- OCUL
- TSLA
- GBT
- CLVS
- IQ
- LABU
- SPY
- T
- CAT
- XBI
- BABA
- GSK
- AVGO
- ARGX
- BLUE
- XLRN
- RDHL
- SYRS
- NXST
- ECYT
- DGX
- GM
- LECO
- FMC
- CWEB
- AMZN
- HP
- F
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Caterpillar – The heavy equipment maker's stock was upgraded to "buy" from "neutral" at Bank of America/Merrill Lynch, which said macroeconomic risks have receded due to both the recent less hawkish comments from Fed Chairman Jerome Powell and the weekend agreement between President Donald Trump and China's President Xi Jinping to suspend further tariffs for 90 days.
STOCK SYMBOL: CAT
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Ford, General Motors, Fiat Chrysler — These and other automakers are getting a boost after President Trump said China had agreed to cut import tariffs on American-made cars.
STOCK SYMBOL: F
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Qualcomm – The chip maker said its rejected deal to buy NXP Semiconductors will remain dead, even after the White House suggested that China could reverse itself and approve the deal following the Trump-Xi talks at G-20 over the weekend.
STOCK SYMBOL: QCOM
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Gilead Sciences – The drugmaker said nearly 40 percent of lymphoma patients being treated with its Yescarta drug were still responding to the therapy at least two years after treatment.
STOCK SYMBOL: GILD
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Amazon.com – Amazon is testing its cashier-less checkout technology in bigger stores, according to people familiar with the matter who spoke to The Wall Street Journal.
STOCK SYMBOL: AMZN
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Tribune Media – Tribune has agreed to be bought by rival TV station operator Nexstar Media for $46.50 per share, or $6.4 billion including assumed debt. The deal creates America's largest local TV broadcaster.
STOCK SYMBOL: TRCO
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Tesaro – The cancer drugmaker is being bought by GlaxoSmithKline for $75 per share in cash, or about $5.1 billion.
STOCK SYMBOL: TSRO
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GlaxoSmithKline – Separately, Glaxo agreed to sell its India health drinks unit to consumer products giant Unilever for $3.73 billion.
STOCK SYMBOL: GSK
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Microsoft – Microsoft's market value at Friday's close was higher than Apple's, making it the world's most valuable company for the first time since 2002. Microsoft had passed Apple in value intraday several times during the week, but had not closed in the #1 slot until Friday.
STOCK SYMBOL: MSFT
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Costco – Costco was downgraded to "neutral" from "buy" at Citi, which said the warehouse retailer faces more tailwinds than headwinds in 2019, including increased labor costs.
STOCK SYMBOL: COST
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Nike – Nike was named Citi's "top pick" for 2019, with Citi saying the athletic footwear and apparel maker's global growth story remains intact and that the stock deserves a premium multiple.
STOCK SYMBOL: NKE
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AT&T – AT&T was added to the focus list at J.P. Morgan Securities, with the stock being upgraded to "overweight" from "neutral." The firm says negatives are already priced into the stock and it now has a better understanding of the organic growth story following meetings with management. At the same time, J.P. Morgan downgraded Verizon to "neutral" from "overweight."
STOCK SYMBOL: T
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Deutsche Bank — CEO Christian Sewing told a German newspaper that it is not at risk of a takeover, following a raid at its headquarters as authorities investigate money laundering allegations.
STOCK SYMBOL: DB
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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 Monday, December 3rd, 2018! :)
Submitted December 03, 2018 at 08:56AM by bigbear0083 https://ift.tt/2rgqZLE
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