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: November 27th
- Special counsel Robert Mueller alleged that former Trump campaign chief Paul Manafort lied to investigators, violating his plea agreement, according to a court filing. Manafort "believes he has provided truthful information." (CNBC)
- President Donald Trump said he's not buying a report issued by his own administration that details the climate and economic impacts U.S. residents will see if drastic action is not taken to address climate change. (USA Today)
- Trump warned that the agreement allowing Britain to leave the European Union could endanger a future U.S.-U.K. trade deal.When asked about the agreement, Trump replied: "Sounds like a great deal for the EU." (CNBC)
- Kevin Brady, chairman of the House Ways and Means Committee only until early January, released a nearly 300-page tax bill that he said would affect Americans' retirement savings, numerous business tax breaks and redesign the IRS. (Reuters)
- Cyber Monday was on track to bring in a record $7.9 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs. The event picked up steam late last night. (Reuters)
- Amazon (AMZN) is now the third largest seller of digital ads, behind Google and Facebook, according to the Wall Street Journal. The paper said that has caused concern among marketers who fear Amazon as a retail competitor.
- General Motors (GM) announced it plans to effectively halt production at a number of plants in the U.S. and Canada next year and cut more than 14,000 jobs in a massive restructuring that will cost up to $3.8 billion. (CNBC)
- Trump threatens GM over Ohio plans: 'They better damn well open a new plant there' (CNBC)
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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:
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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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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 (TICKER SYMBOLS ARE CLICKABLE!):
THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
United Technologies – United Technologies said it would separate into three independent companies, with plans to spin off its Otis and Carrier divisions to shareholders. The split, which would leave aerospace operations under the United Technologies banner, is expected to be completed in 2020.
STOCK SYMBOL: UTX
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Apple – Apple is under pressure, after President Trump told the Wall Street Journal he would put tariffs on Chinese imports currently not subject to tariffs if negotiations are not successful. That would include Apple's iPhones. Based on pre-market trading prices, Apple will no longer be the most valuable U.S. publicly traded company, losing that title to Microsoft.
STOCK SYMBOL: AAPL
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Hibbett Sports – The athletic footwear and apparel retailer fell two cents short of expectations with adjusted quarterly profit of 14 cents per share. Revenue also missed estimates, although Hibbett did post an unexpected comparable store sales increase of 0.1 percent. The company also lowered its adjusted full year earnings guidance to $1.55-$1.65 versus a prior estimate of $1.57 to $1.75.
STOCK SYMBOL: HIBB
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Novartis – Novartis eye care division Alcon said it expected to pay a dividend to shareholders starting in 2020, following its planned spinoff from the Swiss drug company next year.
STOCK SYMBOL: NVS
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Tesla – Tesla sales in China dropped 70 percent in October compared to a year ago, according to a Reuters report quoting information from the China Passenger Car Association. The group said Tesla sold only 211 cars in China last month.
STOCK SYMBOL: TSLA
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Amazon.com – Amazon announced that Cyber Monday saw the single biggest shopping day in the online retailer's history.
AT&T – AT&T's pay-per-view broadcast of the golf match between Tiger Woods and Phil Mickelson drew far more interest than the company had anticipated, according to sources quoted by the Wall Street Journal. Sign-ups may have reached as high as one million customers across multiple providers, although most have provided refunds due to a technical glitch on the day of the broadcast.
STOCK SYMBOL: T
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Bristol-Myers Squibb – The drug maker said a combination of two cancer drugs did not extend the lives of lung cancer patients in a late stage trial. The combination involved the company's immunotherapy drug Opdivo combined with cancer treatment Yervoy.
STOCK SYMBOL: BMY
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Buckle – Buckle reported quarterly earnings of 42 cents per share, four cents shy of analyst forecasts. The accessories retailer also saw sales fall short of estimates, with comparable store sales falling 1.4 percent.
STOCK SYMBOL: BKE
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CVS Health – The drugstore chain operator and pharmacy benefits manager was rated "outperform" in new coverage at Cantor Fitzgerald, noting the company's strength as an integrated health care company with the capability of innovating across the entire industry landscape.
STOCK SYMBOL: CVS
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Spirit Airlines – The airline gave upbeat guidance for the current quarter, including lower costs and higher revenue.
STOCK SYMBOL: SAVE
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Amarin – The Ireland-based drug maker will collect about $200 million in gross proceeds from a newly priced offering of its American depositary shares. Amarin will use the money for commercialization of its Vascepa drug, a treatment for patients with high levels of triglycerides.
STOCK SYMBOL: AMRN
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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, November 27th, 2018! :)
