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 7th
- Special counsel Robert Mueller today is set to file new disclosures in court cases involving two of President Trump’s former close associates, both of whom have entered guilty pleas as part of the ongoing probe into Russian election in 2016. (CNBC)
- Former FBI Director James Comey is scheduled to testify in private before two House committees today on his July 2016 decision not to prosecute Hillary Clinton for her use of a private email server and his role in the investigation into Russian meddling in the 2016 election. (USA Today)
- A top executive of China’s Huawei who is under arrest in Canada is set to appear in a Vancouver court today for a bail hearing as she awaits possible extradition to the United States. The initial news roiled global stock markets. (Reuters)
- John Bolton says ‘I knew in advance’ about arrest of Huawei executive(CNBC)
- The House and Senate passed a measure to keep the government running for two more weeks, sending it to President Trump’s desk for his signature. The measure funds parts of the government through Dec. 21. (CNBC)
- Republican Sen. Jeff Flake of Arizona and Democratic Sen. Catherine Cortez Masto of Nevada introduced a new bill, aiming for the Department of Defense to stop using federal funds to develop beerbots and robot bartenders.(CNBC)
- U.K. lawmakers will vote on Theresa May’s Brexit plan on Tuesday, Dec 11.The outcome is uncertain, particularly if May suffers defeat. Some speculate it could lead to a change of prime minister or an attempt to revise the Brexit deal. (CNBC)
- CNBC has learned that Apple (AAPL) is in advanced talks to buy rights to a gritty Israeli TV show called “Nevelot” (English translation: “Bastards”) and adapt it for the U.S., beating out bids from competitors including Showtime, FX and Amazon.
- CNBC has learned Walmart (WMT) plans to buy Art.com, adding another digital brand to its portfolio and bolstering its home decor business. Art.com was bringing in more than $300 million in sales annually.
- Walmart CEO worries what consumers will have to pay if trade war escalates (CNBC)
- Americans shelled out $3.5 trillion on health care last year, or $10,739 per person, but the increase in spending slowed to a pace not seen since 2013, according to a new report from Centers for Medicare and Medicaid Services. (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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N/A.
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:
- CRON
- TSLA
- MO
- BIG
- USO
- APH.CA
- LULU
- MTN
- GALT
- AOBC
- UNFI
- GFA
- ZUMZ
- SONC
- PCAR
- SFE
- EXPD
- DJIA
- UWT
- JP
- AVGO
- IBM
- FEYE
- COLD
- SPX
- DWT
- PNR
- FMS
- CHSCP
- ABX
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Cronos – Tobacco product Altria is buying a 45 percent stake in the cannabis producer for $1.8 billion. It had been reported earlier this week that the two were in talks, reports that were later confirmed by Cronos.
STOCK SYMBOL: CRON
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Big Lots – The discount retailer lost 16 cents per share for its latest quarter, wider than the one cent loss analysts were expecting. Revenue did beat forecasts, and a comparable store sales increase of 3.4 percent was above the consensus estimate of 2.9 percent. However, Big Lots cut its full-year forecast and said the holiday season will be challenging even as it maintains a more optimistic longer term outlook.
STOCK SYMBOL: BIG
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Vail Resorts – The resort operator lost $2.66 per share for its fiscal first quarter, 20 cents more than Wall Street anticipated, with revenue also missing forecasts. For the upcoming North American ski season, Vail said season pass sales are up 13 percent in dollars and 21 percent in units compared to a year ago.
STOCK SYMBOL: MTN
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Lululemon – Lululemon reported adjusted quarterly profit of 75 cents per share, five cents above estimates, while revenue also beat Street forecasts. The athletic apparel maker saw comparable store sales jump 18 percent compared to a consensus estimate of 13.8 percent, but the company also issued slightly weaker than expected guidance.
STOCK SYMBOL: LULU
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Broadcom – The chip maker earned an adjusted $5.58 per share for its latest quarter, coming in above the consensus estimate of $5.58. Broadcom’s revenue also came in above forecasts, and Broadcom also gave strong 2019 revenue guidance. Additionally, the company announced a 51 percent dividend increase to $2.65 per share and added $6 billion to its stock buyback program.
STOCK SYMBOL: AVGO
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Ulta Beauty – The company matched estimates with adjusted quarterly profit of $2.16 per share, and revenue also matched estimates with comparable store sales up 7.8 percent. However, the cosmetics retailer also issued lower than expected current quarter earnings guidance.
STOCK SYMBOL: ULTA
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Tesla – Jefferies upgraded the automaker to “buy” from “hold”, a call that follows a visit by Jefferies analysts to Tesla’s Fremont, California factory. The firm said Tesla has demonstrated its profit and self-funding potential, and that meaningful productivity enhancements are ahead.
STOCK SYMBOL: TSLA
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American Outdoor Brands – American Outdoor beat estimates by six cents with adjusted quarterly profit of 20 cents per share, while the Smith & Wesson parent also saw revenue come in above Street forecasts. The company also increased its full year guidance.
STOCK SYMBOL: AOBC
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IBM – The technology giant struck a deal to sell some software assets to India-based software company HCL Technologies for $1.8 billion. The sale is part of IBM’s ongoing effort to de-emphasize its legacy businesses.
STOCK SYMBOL: IBM
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Zumiez – The action sports apparel company reported quarterly earnings of 55 cents per share, six cents above estimates, with revenue essentially in line with forecasts. However, the company’s current quarter guidance is below analysts’ forecasts.
STOCK SYMBOL: ZUMZ
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Fiat Chrysler – The automaker plans to add Jeep production at a currently out-of-service Detroit plant in 2020, according to a Reuters report.
STOCK SYMBOL: FCAU
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Chevron – The energy giant will spend $20 billion on capital projects in 2020, which would amount to its first year-over-year capital spending increase in four years.
STOCK SYMBOL: CVX
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Amazon.com – Amazon’s next target for its checkout-free stores will be in airports, according to a Reuters report, citing a personal familiar with the strategy.
STOCK SYMBOL: AMZN
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General Electric – GE’s power turbine issue is increasing, according to a Reuters report which said utilities are shutting down at least 18 of GE’s newest gas turbines at power plants in Europe and Asia.
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 Friday, December 7th, 2018! :)
Submitted December 07, 2018 at 08:29AM by bigbear0083 https://ift.tt/2Eb2c3F
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