Intel Working To Make Bitcoin Mining Profitable Again

Daily analysis of cryptocurrencies 20190829(Market index 20 — Extreme Fear state)

Daily analysis of cryptocurrencies 20190829(Market index 20 — Extreme Fear state)

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Portuguese Tax Agency: Bitcoin transactions and payments are tax-free According to Cointelegraph Spain on August 27th, the Portuguese tax authorities have made it clear that the country will not tax cryptocurrency transactions and encrypted payments.
Thailand Customs Administration will use blockchain technology to track shipments According to vietnamplus, the General Administration of Customs of Thailand will use the blockchain platform TradeLens to track shipments and share information to simplify the process.
Canadian cryptocurrency mining company Hut 8 announced the return of profit Canadian cryptocurrency mining company Hut 8 Mining Corp. announced that it has resumed profitability and revenue has more than tripled. According to a report on May 8, the cryptocurrency mining company Hut 8 Mining Corp. had a total loss of nearly $140 million in 2018.
Ethereum client becomes the first public blockchain project on Hyperledger Hyperledger has officially adopted the first public blockchain project, Pantheon of ConsenSys. The Hyperledger Technical Steering Committee approved the addition of Pantheon on Thursday morning, which was renamed Hyperledger Besu. According to reports, Pantheon includes a suite of Ethereum-based services built by ConseSys’ engineering team PegaSys. These services can run on the Ethereum’s public, private and test networks. PegaSys Strategy and Operations Assistant Grace Hartley said that Pantheon is the only Ethereum client of ConsenSys in its open source project suite.

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Encrypted project calendar(August 29, 2019)

ICX/ICON: ICON(ICX)ICON will meet with HPB_Global in Korea on August 29th, and Asian Market Business Director Daniel Kwak will deliver a speech and will answer questions with participants. TYPE/Typerium: A 100-day countdown from Typerium will end on August 29th, and the project officially calls SecondComing. ONE/Harmony: The first phase of the Pangea project launched by Harmony is over, and the second phase will begin on August 29. KICK/KickCoin: KickCoin will be exchanged for KickToken for an exchange time of August 29, which will receive nearly 150% of the reward.

Encrypted project calendar(August 30, 2019)

XDCE/XinFin Network: 2019 TraceFinancial webinar will be held on August 30th WAX/WAX Token: WAX TokenSwap (WAX) to August 30, ERC-20 WAX Token token converted to WAX Token Cutoff UGAS/Ultrain: Ultrain community news, after the main network mapping starts on August 7, all UGAS holders must complete the registration of the Ultrain main wallet account by August 30th.

Encrypted project calendar(August 31, 2019)

ADX/AdEx: ADEX (ADX) will release the Validator Stack version 2.0 in August DADI/DADI: DADI will release the network CLI on August 31, with Stargates to support network services; and release Self Onboarding on the same day to allow the network to be more open. MITH/Mithril: The Mithril (MITH) team decided to implement the first MITH token destruction program on August 31. COS/Contentos: Contentos test network v0.5 “Jupiter” will be launched on August 31, this is the last version of the test before the main online line, alternate release. NOAH/Noah Coin: Noah Coin (NOAH) exchanges the held tokens at BTCNext, ending on August 31st.

Encrypted project calendar(September 01, 2019)

XLM/Stellar: Stellar (XLM) will conduct equity awards in binance on September 1st MHC/MetaHash: MetaHash (MHC) will close all ICO accounts as of September 1 and will permanently close all ICO accounts. All MHCs will need to be transferred to MetaGate Wallet by this date. DGD/DigixDAO: The DigixDAO (DGD) DGXHUB community representative program will be open for application on September 1.

Encrypted project calendar(September 02, 2019)

AE/Aeternity: The third phase of Aeternity token (AE) main network migration will end on September 2nd. PLPillar: The Pillar (PLR) Pillar community will participate in a creative strategy seminar hosted by experiencehaus in London, UK on September 2nd. LA/LAToken: The LAToken (LA) LATOKEN community will host an investor reception in London, England on September 2nd.

Encrypted project calendar(September 03, 2019)

WAN/Wanchain: Wanwei Chain Wanchain (WAN) will be launched on September 3rd based on POS mechanism mining function

BTC is currently reporting $9461.53, down 7.56% in the day. In response to the current trend, BTC has fluctuated within a narrow range during this period. Today’s market broke the previous adjustment stage. The price quickly fell from above $10,200 to a minimum of $9311 and then rose to the current $1,471, and the current price fell below the key support. MA120 moving average (near $9,500), if the daily line closes, it will be possible to continue to test to the previous long-term low support of $9000. We can see the weekly trend of the whole bull market from BTC 2016 to 2018. It can be seen that the Bollinger Middle Track plays a key supporting role in the slow cattle to mad cow market. The BTC can quickly recover from each time it reaches the vicinity of the moving average, and the lowest point of the five weekly rounds is not touched. The track was quickly pulled back, and the remaining two minimum pins were pulled back below the middle rail. The overall low point of the trend gradually rose to the highest level of 20,000 US dollars. At present, BTC pulled out from the strong price of 4,000 US dollars in early April. In the middle of the forest, the price has been running above the middle rail. After hitting a 19-year high of 14,000 US dollars, it is in a continuous pullback trend. Below the key bull market trend, the Bollinger Middle Track Supported at around $9080, there is a short-term opportunity to test the mid-rail support of the weekly Bollinger. At the same time, the area is also the support of the weekly EMA21 moving average. The lower limit can be added to the vicinity of $8,800 to $9,000, and the weekly MACD on the water is still in the overall position. From the end of the large decline triangle of 14,000 US dollars to 9,000 US dollars, it is technically impossible to judge the end of the 19-year Mavericks market before the support of the mid-rail trend of the unbroken weekly level.
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(6/12) - Tuesday's Stock Market Movers & News

Good morning traders of the StockMarket sub! Welcome to Tuesday! Here are your stock movers & news this morning-

(CLICK HERE TO VIEW THE FULL SOURCE!)

Frontrunning: June 12th

STOCK FUTURES NOW:

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TODAY'S MARKET HEAT MAP:

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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 IPO'S:

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THIS WEEK'S EARNINGS CALENDAR:

($ADBE $GOOS $RH $PLAY $BITA $HRB $KMG $YTRA $MIK $SBLK $CASY $LE $FNSR $KFY $TLRD $SAIC $FRED $JBL $LMNR $OXM $SNOA$APPS $PVTL $JW.A $DTEA $TNP $CRWS $CHKE $CULP $AZRE)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($RH $PLAY $KMG $CASY $SBLK $YTRA $LE $LMNR $DTEA $JW.A)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

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 #3!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • GLMD
  • TSLA
  • RH
  • PLAY
  • WTW
  • IQ
  • BTC.X
  • FIT
  • CASY
  • GPRO
  • LE
  • I
  • TWTR
  • SEAS
  • SOGO
  • GALT
  • ETC.X
  • JCAP
  • T
  • ABX
  • MCD
  • MEDP
  • HTGC
  • ALBO
  • SAGE
  • HRB
  • TWX
  • ALGN
  • AMRS
  • TATT

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
AT&T, Time Warner – AT&T and Time Warner will find out today if a judge plans to allow or block their planned merger deal. U.S. District Judge Richard Leon will announce after 4 p.m. ET whether he is siding with the Justice Department or with the two companies, who announced the planned purchase of Time Warner by AT&T in October 2016.

STOCK SYMBOL: T

(CLICK HERE FOR LIVE STOCK QUOTE!)
RH – RH reported adjusted quarterly profit of $1.33 per share, beating the consensus estimate of $1.02 a share. The Restoration Hardware parent's revenue came in below forecasts, but the retailer issued a strong current-quarter outlook as its new focus on membership and improvements to its supply chain help its results.

STOCK SYMBOL: RH

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Dave & Buster's – Dave & Buster's beat estimates by 11 cents a share, with quarterly profit of $1.04 per share. The restaurant chain's revenue also beat forecasts. Comparable-restaurant sales were lower by 4.9 percent, but that was smaller than the 5.6 percent drop that analysts had forecast. Separately, CEO Stephen King will retire August 5, to be replaced by Chief Financial Officer Brian Jenkins.

STOCK SYMBOL: PLAY

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Exxon Mobil – Exxon Mobil has made a major push into energy trading to help boost profit, according to Reuters.

STOCK SYMBOL: XOM

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Tesla – Tesla has been accused of stopping an employee from trying to organize a union. Michael Sanchez testified to the National Labor Relations Board (NLRB) that he was asked by a supervisor and security guards to leave his factory after he handed out pro-union flyers. The NLRB is investigating whether Tesla had violated federal standards.

STOCK SYMBOL: TSLA

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Citigroup – The bank could cut half of the 20,000 jobs from its technology and operations staff over the next five years, according to the Financial Times. The paper said those cuts would come due to automation.

STOCK SYMBOL: C

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WPP Group – The ad giant's shareholders are reportedly upset with pay arrangements for former CEO Martin Sorrell, according to a Sky News report that said more than 25 percent of shareholders have voted against the planned benefits for Sorrell. Sorrell left WPP following an investigation into personal misconduct allegations.

STOCK SYMBOL: WPP

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McDonald's – McDonald's is expected to issue details of an organizational restructuring today, with the restaurant chain planning a town hall meeting.

STOCK SYMBOL: MCD

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AstraZeneca, Eli Lilly – The drugmakers have discontinued development of an experimental Alzheimer's treatment after an independent panel said the treatment was unlikely to meet its goals.

STOCK SYMBOL: AZN

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Amazon.com – Seattle's City Council is set to repeal a tax on large employers like Amazon, less than a month after the tax was passed.

STOCK SYMBOL: AMZN

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Weight Watchers – J.P. Morgan Securities initiated coverage of the weight loss company's stock with an "overweight" rating, saying Weight Watchers has positioned itself for "outsized" growth through a revamping of its points system for users and significantly improving its mobile app.

STOCK SYMBOL: WTW

(CLICK HERE FOR LIVE STOCK QUOTE!)
Lands' End – The clothing retailer lost 8 cents per share for the first quarter, smaller than the 17 cents a share loss expected by Wall Street. Revenue came in above estimates despite an 18.9 percent drop in comparable-store sales. Overall sales were up by 11.7 percent.

STOCK SYMBOL: LE

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FULL DISCLOSURE:

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. 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 StockMarket?

I hope you all have an excellent trading day ahead today on this Tuesday, June 12th, 2018! :)

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Last Week In Indian Economy - For the Week Ending 6th August, 2016

Last Week in Indian Economy

“I am silent because there is conflict between my scholarly commitment to economics and my loyalty to the party's decided issues.” - Subramanian Swamy, member of parliament tweeting about why he is silent on the Goods and Services Tax (GST) Bill that his political party supports so much. Just going to leave this here for you to draw your own conclusions.

Headline Stories

Going Gaga Over GST
Last week, the Rajya Sabha passed the Goods and Services Tax (GST) - the tax reform that has been heralded as the most important piece of legislation in over a decade. While the common market of Europe is walking backwards due to Brexit, the common market within India is stepping ahead due to GST. The bill has been the subject of political bickering for a long time now. However, it was passed with 203 votes for and none against. With 0 votes against. They didn’t even blink twice, so you know there families weren’t being held hostage and all votes were entirely voluntary. But this has only been the tip of the iceberg. Even though both houses of the parliament have passed the bill, there is a laundry list of things that need to happen before we can all go home and forget about this whole GST business. The Lok Sabha needs to approve the bill once again. Then, a minimum of 15 state governments need to pass the bill. Then, the president needs to sign the bill. Then, a GST Council needs to be formed and the GST tax rate needs to be negotiated. Then, the central government needs to pass two supporting laws, and each state needs to pass a separate supporting law. And only then, we’ll be able to pocket all that cash from the GST-led economic growth that is being predicted. The deadline set for all of this is April 1st, 2017. Till then, government officials around the country are set to debate on extremely sensitive issues like whether cream biscuits should be taxed at the same rate as ordinary biscuits. #TeamBourbon.
Uber-Didi
Uber joined the long list of American MNCs that came to do business in China but inevitably fell on their faces. In a deal announced last week, the popular ride-hailing service will sell its China operations to rival Didi Chuxing in exchange for a 20% stake in Didi, who will invest $1 billion in Uber. The two giants have been battling for the Chinese market for years and despite spending billions of dollars, no one has managed to turn a profit. In fact, Uber was facing a loss of $1 billion annually due to heavy competition in China. Once upon a time, Uber’s future in China seemed to hold promise. And now, the company is throwing in the towel. The company’s mistake? It tried to fight a land war in Asia. Although Didi was the bigger company in China in terms of market share, Uber did have its moments. Such as when a Chinese hip-hop artist posted a gangster rap song about how much he prefers Uber. Don’t Baidu it - China being China censored the whole thing just days later.
Loans For Pani Puri walas
Banks use all sorts of fancy algorithms to determine if a borrower will repay a loan. Despite all of that, with the banking crisis, a huge amount of loans are at a risk of being Vijay Mallya-ed. So the fancy algorithms haven’t exactly worked out. Another one of those fancy things that banks use is a credit score. A good credit score will have banks lining outside your door shouting for your attention. A bad credit score will have you lining outside the door of the banks with a ton of paperwork. You need a good credit score to get loans. But to get a good credit score, you need to repay loans. So you see the chicken-and-egg problem here. This means a lot of people don’t even have credit scores. But those people still need loans. And banks won’t touch them with a ten-foot pole. Now, microfinance companies like Edelweiss, Bharat Financial, DHFL and many more are going places feared by the big boys of finance. A big push in the industry is to loan money to pavement hawkers, scrap dealers and other self-employed individuals. For example - the makers of the extremely healthy chinese food at the hand-kart that parks near the local sewer every evening. Basically, giving loans to low-income borrowers without a credit score or any kind of formal financial history. If that sounds like a recipe for trouble, that’s because it is and we’ve already had that dish in the run-up of the financial crisis of 2008. And if history isn’t repeating itself here, it’s definitely rhyming.
Too Many Branches Spoil The Bank
The State Bank Of India has almost 17,000 branches which is very impressive. Especially since they get to brag about it in tables that rank banks by number of branches. But the bank isn’t doing itself any favours by putting 5 branches within a 1 km radius of each other, as is the case a lot of times with SBI. Because sometimes, it’s not the size that matters, it’s what you do with it that matters. And SBI is considering a proposal to do away with such extra branches by consolidating them. It might make common sense to shut down branches when put like that, but then they won’t get to brag about how many branches they have. And investors love those kind of things. SBI is currently in the process of merging with its associate banks from Hyderabad, Mysore, Travancore and so on. It expects to have that completed by March 2017. At which point, that 17,000 number will balloon up to 24,000 branches, compounding that problem. A global consulting firm, McKinsey which was hired by SBI has recommended shutting down upto of 7,200 of those branches. Moreover, bank branches are so 2000s. Online is where it’s at.

Sidebar Stories

  • India is a nation of chronic procrastinators. Just look at how much you procrastinate yourself, for example. For more proof, realize that half the people reading that last sentence just strongly agreed with it. And so the government extended the deadline to file Income Tax returns by 5 days till August 5th to accommodate all the last-minute submissions.
  • 23 million income tax returns were filed online this year, more than thrice the 7 million that were filed last year. Like I said, online is where it’s at. Moreover, who would want to stand in line to file tax returns when you can be a responsible and mature citizen of India while wearing your pajamas at the same time?
  • Corruption watchdog Central Vigilance Commission (CVC) has asked the IIM-A and other premier business schools in India to develop an ‘integrity index’ to measure the levels of corruptions in 25 government agencies and state-run companies. The CVC is hoping that the rankings will help focus anti-corruption resources to where they are needed the most. Meanwhile, Buzzfeed “writers” are already salivating at the thought of headlines like Here are the top 10 most corrupt government offices. #6 will literally empty your wallet.
  • A new survey published last week found that Indians are losing more money to online fraud than other Asians. While 36% of Indian respondents reported to being cheated by internet scams, the most popular form of internet scams turned out to be lottery scams and Work-from-home scams. In other news, find out how this housewife is earning 50,000 a month sitting at home.

Market Movements

Let’s do the numbers. Since last week:
  • BSE Sensex: ↓ 0.02%
    Week Open: 28,083.08
    Week End: 28,078.35
  • Nifty: ↑ 0.33%
    Week Open: 8,654.30
    Week End: 8,683.15
  • Gold prices: ↓ 1.58%
    Week Open: 31,549
    Week End: 31,050
  • USD / INR: ↑ 0.15%
    Week Open: 66.764
    Week End: 66.842
Stocks that moved heaven and earth:
  • HCL Technologies (HCLTECH) was up 8.98% on the back of positive quarterly results and a single large trade of about 14 lakh shares that pushed the stock price up.
  • Grasim Industries (GRASIM) was up 7.28% as the Birla-family owned cement maker was identified as one of the companies set to benefit from GST.
  • Tata Steel (TATASTEEL) was up 6.92% since the government extended a price floor on cheap imports of steel from China.
The yield on 10-year government bonds is up from 7.138 to 7.168.

Up Next

Important Numbers being released this week:
Tuesday, August 9th: RBI Interest Rate Decision, Quarterly Results for - Adani Ports & SEZ, Lupin
Wednesday, August 10th: Quarterly Results for - Mahindra & Mahindra
Friday, August 12th: Consumer Inflation (Jul), Quarterly Results for - Hindalco Industries, State Bank Of India

Footnote Stories

Leading bitcoin exchange, Bitfinex, was hacked last week and cryptocurrency worth $70 million was stolen. The exchange has announced a plan to compensate all customers. In other words, business as usual for bitcoin.
Moon Express, a US-based company co-founded by Indian-origin entrepreneur Naveen Jain, became the first ever private company to receive permission from the US government for a commercial space mission to the moon. The company’s business plan involves accepting sponsorships and carrying private payloads to the moon in order to make a profit. In future space missions, the company expects to make money by mining for natural resources on moon, specifically mining for Helium-3. This would’ve happened a lot sooner if only the moon had some oil. Helium-3 is all fine... But it’s no oil.
< For the Week Ending 30th July, 2016
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Futures Slide After US-China APEC Clash, Apple Production Cuts

After a dramatic end to the APEC summit in Papua New Guniea which concluded in disarray, without agreement on a joint communique for the first time in its history amid the escalating rivalry between the United States and China, U.S. index futures initially traded sharply lower as investors digested signs that America-China trade tensions are set to persist, however they staged a modest rebound around the time Europe opened, and have traded mixed since amid subdued volumes as a holiday-shortened week begins in the US.

Last Friday, US stocks jumped after President Trump said that he might not impose more tariffs on Chinese goods after Beijing sent a list of measures it was willing to take to resolve trade tensions. However, tensions between the two superpowers were clearly on display at the APEC meeting over the weekend where Vice President Mike Pence said in a blunt speech that there would be no end to U.S. tariffs on $250 billion of Chinese goods until China changed its ways.
“The comments from Trump were seen as offering a glimmer of hope that further tariff action could be held in abeyance,” said NAB’s head of FX strategy, Ray Attrill. “The exchange of barbs between Pence and Chinese President Xi Jinping in PNG on the weekend continues to suggest this is unlikely.”
US Futures were also pressured following a report by the WSJ that Apple has cut iPhone production, creating turmoil for suppliers and sending AAPL stock 1.6% lower and pressuring Nasdaq futures.
Yet while early sentiment was downbeat following the APEC fiasco, US futures staged a rebound as shares in both Europe and Asia rose while Treasuries declined, the dollar faded an initial move higher as traders focused on the Fed’s new-found concerns over the global economy, and the pound advanced amid speculation that the worst may be over for Theresa May, since the potential for a vote of no confidence in May may be losing traction: the Sun reported that 42 lawmakers have sent letters of no confidence to Graham Brady, 6 more are needed to trigger a leadership challenge

Asia took a while to warm up but made a strong finish, with the Shanghai Composite closing 0.9% and Japan's Nikkei 0.7% higher, helping Europe start the week off strong too as a 1 percent jump in mining, tech and bank stocks helped traders shrug off last week’s Brexit woes. At the same time, stocks fell in Australia and New Zealand, where the Aussie and kiwi currencies dropped after U.S. Vice President Mike Pence attacked China at the weekend APEC summit.
Telecommunications and construction shares pushed Europe's Stoxx 600 Index higher, along with stocks in Italy, where Deputy Premier Luigi Di Maio said the government is ready for dialog with the European Commission over the country’s budget, which however seems just more semantics as Italy refused to concede to European budget demands.
Meanwhile, in addition to confusion over trade, the outlook for U.S. interest rates was also uncertain. While Federal Reserve policymakers are still signaling rate increases ahead, they also sounded more concerned about a potential global slowdown, leading markets to suspect the tightening cycle may not have much further to run and Morgan Stanley to write that "We Sense A Shift In Tone From The Fed."
Goldman Sachs also chimed in, saying it expected the pace of U.S. economic growth to slow toward the global average next year. The bank now sees a broad dollar decline next year, and revised its long-standing bearish view on the Japanese yen and tipped Latin American currencies, the Swedish krona, the Canadian, Australian and New Zealand dollars and the Israeli shekel to rise.
“We see several changes to the global economic backdrop which, combined with a few negative medium-run factors, point to more downside than upside to the broad dollar in 2019,” Goldman economists said in an outlook report. Goldman's bearish tilt will focus attention on an appearance by New York Fed President John Williams later on Monday to see if he echoes the same theme. As Reuters notes, investors have already cut odds of further hikes, with a December move now priced at 73%, down from over 90%. Futures imply rates around 2.74% for the end of next year, compared to 2.93% early this month.
As a result, yields on 10-year Treasurys declined to 3.08 percent, from a recent top of 3.25 percent while the currency market saw the dollar fade early gains while the pound rebounded from sharp losses last week as Theresa May prepared to appeal to business leaders to help deliver her Brexit deal as the premier fights almost insurmountable Parliamentary opposition.
May said on Sunday that toppling her would risk delaying Brexit as she faces the possibility of a leadership challenge from within her own party. With both pro-EU and pro-Brexit lawmakers unhappy with the draft agreement, it is not clear that she will be able to win the backing of parliament, increasing the risk that Britain will leave the EU without a deal.
Elsewhere, the Australian and New Zealand dollars held on to their declines after Mike Pence's attack on China this weekend fueled concern Sino-U.S. trade tensions will worsen; the yen neared a month-to-date high on the risk-aversion, onshore yuan weakened for the first time in five days.
Treasuries slipped while European bonds were mixed, with core notes slipping and peripherals rising led by Italy. In the U.S., trading activity may be thinned before the Thanksgiving holiday later this week.
In commodity markets, gold found support from the drop in the dollar and held at $1,1220.19. Oil prices suffered their sixth straight week of losses last week, but climbed toward $57 a barrel in New York on Monday. Bitcoin dropped further below $6,000, at one point touching a one-year intraday low.

Market Snapshot
Top Overnight News from Bloomberg:
Asian equity markets began the week somewhat cautious on lingering trade concerns and after disunity at the APEC summit over the weekend which failed to agree on a joint communique for the first time in history due to US-China tensions. ASX 200 (-0.6%) and Nikkei 225 (+0.6%) traded mixed in which nearly all of Australia’s sectors were in the red aside from miners, while Nikkei 225 was positive as participants digested mixed trade data which showed a jump in imports. Elsewhere, Hang Seng (+0.7%) and Shanghai Comp (+0.9%) were choppy amid trade-related uncertainty following the verbal jabs between US and China in which Chinese President Xi warned that countries which embraced protectionism were doomed to fail and US Vice President Pence later commented the US could more than double the tariffs imposed on Chinese goods. Finally, 10yr JGBs futures rose to match the YTD high as they tracked the recent upside in T-notes and with the BoJ also present in the market for JPY 800bln of JGBs in the belly to the short-end of the curve. APEC summit ended without an agreement on a joint communique for the first time in its history after China refused to sign amid US-China tensions, while there had been comments from Chinese President Xi Jinping that countries which embraced protectionism were "doomed to failure" and US Vice President Pence later commented that he was prepared to "more than double" the tariffs imposed on Chinese goods.
Top Asian News - China’s Ping An Buys Stake in German Fintech Incubator Finleap - Japan Bank Shares Fall Most in Month After U.S. Yields Drop - Asian Markets Come out of Their Torpor as Stock Gains Accelerate - An Accountant Stirs Debate as India Central Bank Board Meets
Major European indices are in the green, with the outperforming FTSE MIB (+1.1%) bolstered by news that Luigi Gubitosi has been appointed as the new CEO of Telecom Italia (+4.3%). The SMI (-0.2%) gave up initial gains and is lagging its peers, weighed on Swatch (-4.0%) and Richemont (-1.4%) following unfavourable price outlook for both by Bank of America Merill Lynch. Sectors are mostly all in the green, with outperformance in telecom names, while energy names are lower given pullback in oil prices in recent trade and consumer discretionary names are weighed on by Renault (-7.0%), with the company shares extending losses following reports that Nissan’s boss has been arrested in Japan regarding allegations of financial violations. Renault shares are hit given the Renault-Nissan-Mitsubishi alliance. Elsewhere, BPost (-5.7%) shares are hit following a downgrade at HSBC, while Tele2 (+1.8%), are near the top of the Stoxx 600 after being upgraded at Berenberg.
Top European News
In FX, the Greenback has regained some composure following its downturn at the end of last week amidst soft US data and cautious if not concerned or outright dovish Fed rhetoric (Clarida conscious about contagion from slower global growth, Kaplan envisaging headwinds from rising debt and Harker opposed to a December rate hike), but the DXY remains capped below a key Fib level (96.590) and the Dollar overall is mixed vs major counterparts.
In commodities, Brent (+0.5%) and WTI (+0.1%) are in positive territory, albeit off highs, following market expectations that Saudi Arabia will steer OPEC and Russia to cut oil supply. Meanwhile, Russian Energy Minister Novak said the country is planning to sign an output agreement with OPEC at their December 6th meeting in Vienna. Overnight gains in the complex were driven by reports that Saudi is said to want oil prices around USD 80.00/bbl. Elsewhere, Iranian President Rouhani emerged on state TV and stated that the US has failed to reduce Iran’s oil exports to zero and Iran will continue to sell their crude. Conversely, Gold (-0.2%) prices fell this morning, with traders citing profit taking from last week’s gains, while Palladium is nearing parity with gold as an all-time high of USD 1185.4/oz was hit on Friday. Separately, copper is lower following tension between the US and China at the APEC summit which ended without an agreement on a joint communique for the first time in its history.
It's a fairly quiet start to the week on Monday with the only data of note being the Euro Area and the November NAHB housing market index reading in the US. Away from that, the Fed's Williams is due to speak in the afternoon, while BoJ Governor Kuroda, Bank of France Governor Villeroy de Galhau and his predecessor, Noyer, will all speak at the Europlace Financial Forum. Euro Area finance ministers are also due to gather in Brussels to seek to make progress on Franco-German plans to shore up the currency union.
US Event Calendar
DB's Jim Reid concludes the overnight wrap
Brexit was left in a bit of phoney war this weekend. We’re no closer to a leadership contest for Mrs May but it could still happen at any point. The Sun -citing their “extensive investigation” - has concluded that 42 lawmakers have sent letters of no-confidence in the PM (48 needed). Overall though more Conservative MPs are disliking the deal - and will vote against it - than will ask for a leadership battle in our opinion. The consensus that is forming amongst the Conservative MPs who dislike the Withdrawal Agreement is that it can be improved upon. This time next week we will have just had the Sunday EU summit to sign off their side of the deal but its not clear how meaningful tweaks could be made before this and before the agreement goes before UK Parliament in the next 2-3 weeks. The only thing that could be fleshed out is more on the future relationship between the UK and Europe as Mrs May travels to Brussels this week to try to progress on this. That might appease some MPs but likely not enough to help the vote pass. As such my personal view is that May stays on as leader, the EU offer no concession, the vote doesn’t get through Parliament and then the fun and games start. The UK may go back to Europe and ask for specific concessions at this point or we may end up with a path towards a hard Brexit or a second referendum. Quite binary options. For the EU maybe the gamble is to offer nothing and assume the UK Parliament eventually offers a second referendum and voters eventually decide to stay. This increases the risk of a cliff-edge hard Brexit but also one where no Brexit happens at all. This story has a lot of legs left in it.
There was lots in the press this weekend about Brexit but interestingly for me as a credit strategist by day, there was also a fair bit of negative press about credit with some of the more sensational articles suggesting that credit could soon blow up financial markets due to (amongst other things) the weight of US BBBs about to swamp the HY market, record levels of Cov-lite issuance and due to record high US corporate leverage. For us there needs to some perspective. We have been on the underweight side of credit all year, more weighted to a US underweight of late but that’s been more of a valuation play than over too much concerns about immediate credit quality. The US economy remains strong and credit deterioration is likely to remain idiosyncratic until it rolls over. At that point we will have big problems though and last week’s activity made us more confident liquidity will be bad when the cycle turns as we moved a fairly large amount on nervousness as much as anything else. GE, PG&E, plunging oil and the factors discussed above provided a jolt but we don’t think this is enough for now to impact the economy so credit will probably stabilise. However once there is actual broad economic weakness, this last week will be a dress rehearsal for the problems ahead and there will be little two-way activity with spreads gapping wider. However that’s for further down the cycle. For now credit’s main problem
has been it hadn’t responded enough to the pick up in vol. The good news is that this is starting to catch-up and correct. Last week, EU non-fin. IG spread widened by 13bps and HY by 45bps while those on US IG by 14bps and HY by 49bps. Big moves relative to a small down week in equities.
Looking ahead to the highlights for this week, I’d imagine if you’re in the US this will revolve around family, friends and perhaps Turkey as you sit down for Thanksgiving on Thursday. Outside of that we get the flash PMIs around the globe on Friday which in a period of nervousness about the global growth outlook will be scrutinised in thin post holiday trading. Black Friday will also mark the start of Xmas shopping season for retailers. Also worth noting is the European Commission's opinions on the budget plans of the Euro Area countries on Wednesday. While the EC formally has three weeks to provide an opinion on Italy's new fiscal plan following their budget resubmission last week, it's possible that they will issue this for Italy alongside this and thus kick starting the EDP process.
This morning in Asia, markets have kicked off the week on a positive note with the Nikkei (+0.48%), Hang Seng (+0.40%) and Shanghai Comp (+0.22%) all up along with most Asian markets. Elsewhere, futures on S&P 500 (-0.33%) are pointing towards a weaker start. In terms of overnight data releases, the UK Rightmove house prices index fell -0.2% yoy (-1.7% mom), first dip since 2011, led by declines in London (-2.4% yoy). Japan’s October adjusted trade balance stood at –JPY 302.7bn (vs. –JPY 48.3bn) as growth in imports (+19.9% yoy vs. +14.1% yoy expected) outpaced the growth in exports (+8.2% yoy vs. +8.9% yoy expected).
In other news, the US Vice President Pence delivered some sharp rhetoric on China over the weekend where he called upon countries to avoid taking debt from China as that would leave them indebted to China. He also added that the US wasn’t in a rush to end the trade war and would “not change course until China changes its ways.” Elsewhere, the APEC summit ended in disarray on Sunday after the US and China failed to agree on a joint statement, reflecting tensions due to the ongoing trade war. This is the first time since the summit began in 1993 that no joint statement was issued.
Looking back briefly now to last week before we focus on the full day-byday week ahead. Friday was an eventful day for market-moving rhetoric from policymakers, highlighted by Fed Vice Chair Clarida and President Trump. First, the dollar shed -0.52% after Clarida discussed the global economy and said there “is some evidence it’s slowing.” Two-year treasury yields rallied -3.8bps (-11.0bps on the week) and the market removed 6bps of Fed hikes through the end of next year (priced out a total of 16bps on the week). This came despite Clarida’s other remarks, which emphasised the strong US economy and his support for moving policy to a “neutral” level, consistent with the FOMC’s projections. Later in the session, Chicago Fed President Evans said that he too wants to move policy to neutral, and then another 50bps or so beyond that level.
Later on Friday, President Trump injected optimism on the trade policy front by telling reporters that China wants to make a deal and that he may not institute further tariffs. China has apparently offered a list of potential concessions, which could prove to be the basis of a trade deal at the 30 November G20 summit. Even though unnamed White House sources subsequently tried to soften expectations, the market rallied with the S&P 500 up +0.22% (-1.31% on the week). The DOW and Russell 2000 closed -2.22% and -1.42% on the week, though they both rallied on the President’s comments as well (+0.22% and +0.49% on Friday, respectively). After Pence’s weekend comments we should probably discount some of the above optimism.
Other markets were already closed when President Trump’s comments boosted sentiment. The STOXX 600 closed the week -2.20% (-0.20% on Friday), while UK equities outperformed marginally, with the FTSE 100 shedding only -1.29% on the week (-0.34% Friday). This reflected the weaker pound, which retreated -1.13% versus the dollar (+0.41% Friday) and -1.83% versus the euro (its worst such week since July 2017, and -0.38% on Friday). Asian equities were mixed, with the Shanghai Composite advancing +3.09% (+0.41% Friday) on trade optimism and the Nikkei down -2.56% (-0.57% Friday). German Bunds rallied -4.0bps last week, while peripheral spreads widened slightly with Italy leading the way. BTPs sold off +8.8bps (flat on Friday) as the government continued to escalate its confrontation with the European Commission.
It's a fairly quiet start to the week on Monday with the only data of note being September construction output data for the Euro Area and the November NAHB housing market index reading in the US. Away from that, the Fed's Williams is due to speak in the afternoon, while BoJ Governor Kuroda, Bank of France Governor Villeroy de Galhau and his predecessor, Noyer, will all speak at the Europlace Financial Forum. Euro Area finance ministers are also due to gather in Brussels to seek to make progress on Franco-German plans to shore up the currency union.
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1/17 Wednesday's Stock Market Movers & News

Good morning traders of the StockMarket sub! Welcome to Wednesday! Here are your pre-market stock movers & news this morning-

(CLICK HERE TO VIEW THE FULL SOURCE!)

Frontrunning: January 17

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S ECONOMIC CALENDAR:

(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

THIS WEEK'S IPO'S:

(CLICK HERE FOR THIS WEEK'S IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($BAC $C $UNH $IBM $GS $FAST $FRC $CMA $OZRK $MS $SLB $ASML $INFO $AA $USB $CSX $JBHT $AXP $MBWM $KEY $TSM $BK $IBKR$SCHW $STI $PPG $BBT $HOMB $MTB $SYF $FHN $PNFP $KSU $WNS $RF $CBSH $SASR $CFG $GATX)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

($BAC $GS $FAST $ASML $USB $CSX $SCHW $IBKR $PNFP $ADTN $RNST)
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

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:

(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)

THIS MORNING'S INSIDER TRADING FILINGS:

([CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!]())
NONE.

TODAY'S DIVIDEND CALENDAR:

(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • BTC.X
  • GS
  • JUNO
  • BAC
  • F
  • UVXY
  • NEO.X
  • ASML

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
Goldman Sachs – Goldman reported adjusted quarterly profit of $5.68 per share compared to the $4.91 a share consensus estimate. Revenue also beat Wall Street forecasts. CEO Lloyd Blankfein noted the strong 2017 performance in the face of a "challenging" market-making environment.

STOCK SYMBOL: GS

(CLICK HERE FOR LIVE STOCK QUOTE!)
Bank of America – The bank reported adjusted quarterly profit of 47 cents per share, 3 cents a share above estimates, Revenue fell below forecasts. Bank of America took a charge related to the new tax law but expects to benefit from lower rates going forward.

STOCK SYMBOL: BAC

(CLICK HERE FOR LIVE STOCK QUOTE!)
Tiffany – The luxury goods retailer said holiday season comparable-store sales rose by 5 percent compared to a year earlier, with overall sales up 8 percent. Tiffany attributes the increase to stronger demand for higher end jewelry. Tiffany did say it expects full-year 2018 earnings to be flat to slightly lower compared to 2017.

STOCK SYMBOL: TIF

(CLICK HERE FOR LIVE STOCK QUOTE!)
IBM – Barclays upgraded IBM to "overweight" from "underweight," saying IBM's long revenue decline may soon end and that the current mainframe cycle will allow additional time for IBM's strategic moves to take hold.

STOCK SYMBOL: IBM

(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple – The stock was downgraded to "neutral" from "buy" at Longbow Research, which sees iPhone shipments coming in below consensus for fiscal 2018.

STOCK SYMBOL: AAPL

(CLICK HERE FOR LIVE STOCK QUOTE!)
Dollar General, Dollar Tree – Oppenheimer began coverage of both discount retailers with "outperform" ratings, citing attractive long-term growth prospects and a stronger lower-income consumer segment.

STOCK SYMBOL: DG

(CLICK HERE FOR LIVE STOCK QUOTE!)

STOCK SYMBOL: DLTR

(CLICK HERE FOR LIVE STOCK QUOTE!)
Ford Motor — The automaker issued 2018 financial guidance that fell short of expectations. Ford officials said higher input costs and currency volatility are among the factors weighing on the company's projected results.

STOCK SYMBOL: F

(CLICK HERE FOR LIVE STOCK QUOTE!)
CSX – CSX reported adjusted quarterly profit of 64 cents per share, 8 cents a share above estimates. The railroad operator's revenue was slightly shy of forecasts due to a drop in shipment volume. Its bottom line was helped by higher prices and better expense controls.

STOCK SYMBOL: CSX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Boeing – Boeing formed a joint venture with Adient Aerospace to develop and manufacturer airplane seats. Each company is contributing $50 million to the project.

STOCK SYMBOL: BA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Juno Therapeutics – Juno is in talks to be acquired by drugmaker Celgene, according to The Wall Street Journal. People familiar with the matter told the paper a deal could be announced within weeks.

STOCK SYMBOL: JUNO

(CLICK HERE FOR LIVE STOCK QUOTE!)
SandRidge Energy – SandRidge is planning to meet with its largest shareholder, investor Carl Icahn, to discuss his call to shake up the company's board of directors. Icahn had said last month that he was considering a proxy contest.

STOCK SYMBOL: SD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Oracle – Oracle issued a security patch to fix flaws in Intel chips contained in some of the business software giant's products.

STOCK SYMBOL: ORCL

(CLICK HERE FOR LIVE STOCK QUOTE!)
Intercontinental Exchange – ICE will start another NYSE-branded market – named NYSE National – to be launched during the second quarter, according to a Securities and Exchange Commission (SEC) filing. The new market will only be a trading venture rather than a listing market.

STOCK SYMBOL: ICE

(CLICK HERE FOR LIVE STOCK QUOTE!)
Signet Jewelers – A U.S. judge overturned an arbitrator's ruling that had allowed 70,000 women to take part in a sex discrimination case against Signet unit Sterling Jewelers. That group had not originally opted to join the suit.

STOCK SYMBOL: SIG

(CLICK HERE FOR LIVE STOCK QUOTE!)
Rio Tinto – Rio Tinto called for the dismissal of an SEC case against the mining giant. The suit had accused Rio of overstating the value of coal assets in Mozambique that it had bought in 2011.

STOCK SYMBOL: RIO

(CLICK HERE FOR LIVE STOCK QUOTE!)
Papa John's – Papa John's Chief Financial Officer Lance Tucker will leave the pizza chain in March to take the same position at restaurant operator Jack In The Box.

STOCK SYMBOL: PZZA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Sanderson Farms – The poultry producer said supplies of antibiotic-free chicken are exceeding demand, which could hit the profits of poultry processors like Sanderson and rival Tyson Foods.

STOCK SYMBOL: SAFM

(CLICK HERE FOR LIVE STOCK QUOTE!)

FULL DISCLOSURE:

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. 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 StockMarket?

I hope you all have an excellent trading day ahead today on this Wednesday, January 17th, 2018! :)

submitted by bigbear0083 to StockMarket [link] [comments]

2/8/17 Wednesday Stock Market Movers & News

Good morning traders of the StockMarket sub! Happy Hump Day! Here are your stock movers & news for today-

(CLICK HERE TO VIEW THE FULL SOURCE)

Frontrunning: February 8

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS WEEK'S IPO'S:

(CLICK HERE FOR THIS WEEK'S IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

(CLICK HERE FOR THIS MORNING'S PRE-MARKET EARNINGS CALENDAR!)

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 PAGE #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES PAGE #2!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES PAGE #3!)

THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • GILD
  • TWTR
  • TWLO
  • DIS
  • BWLD
  • ZG
  • RIO
  • CTSH
  • AKAM
  • AGN
  • SAVE
  • MDLZ
  • ALK
  • YUMC
  • TTWO
  • CPT
  • MBLY
  • USAK
  • ULTI
  • MCHP
  • DRYS
  • MOS
  • SABR
  • AIZ

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
Walt Disney — Disney reported adjusted quarterly profit of $1.55 per share, 6 cents a share above estimates. Revenue, however, came in below forecasts, led by a drop in advertising revenue and tougher comparisons in the movie business. Separately, CEO Robert Iger said he was open to extending his term on the job beyond his scheduled retirement in 16 months.

STOCK SYMBOL: DIS

(CLICK HERE FOR LIVE STOCK QUOTE!)
Mondelez International — Mondelez came in a penny a share below estimates, with adjusted quarterly profit of 47 cents per share. Revenue for the snack maker was slightly below Street forecasts. CEO Irene Rosenfeld said results were impacted by a number of short-term issues, as well as weakness in its business abroad.

STOCK SYMBOL: MDLZ

(CLICK HERE FOR LIVE STOCK QUOTE!)
Cognizant Technology — The IT services provider reported adjusted quarterly profit of 87 cents per share, 1 cent a share above estimates. Revenue came in just below forecasts. Separately, the company struck an agreement with activist investor Elliott Management, appointing three directors and returning $3.4 billion to shareholders.

STOCK SYMBOL: CTSH

(CLICK HERE FOR LIVE STOCK QUOTE!)
Alaska Air — The fifth-largest U.S. carrier beat estimates by 16 cents a share, with adjusted quarterly profit of $1.56 per share. Revenue beat forecasts and the company also increased its quarterly dividend to 30 cents per share from 27-1/2 cents.

STOCK SYMBOL: ALK

(CLICK HERE FOR LIVE STOCK QUOTE!)
Humana — The health insurer earned an adjusted $2.09 per share for its latest quarter, while revenue was slightly below projections. Humana said that it added members in its Medicare Advantage business, and that it would give an update on its transaction to be bought by Aetna by February 16. That deal was blocked in a court ruling last month.

STOCK SYMBOL: HUM

(CLICK HERE FOR LIVE STOCK QUOTE!)
Time Inc. — Meredith Corp. and an investor group led by Edgar Bronfman Jr. have pushed ahead with their pursuit of the publisher of Sports Illustrated, Fortune, and People, according to The Wall Street Journal.

STOCK SYMBOL: TIME

(CLICK HERE FOR LIVE STOCK QUOTE!)
Time Warner — The media company beat estimates by 6 cents a share, with adjusted quarterly profit of $1.25 per share. Revenue also beat forecasts. The results were helped by the success of the Harry Potter spin-off movie "Fantastic Beasts and Where to Find Them." Time Warner also said it still expected its deal to be bought by AT&T to close later this year.

STOCK SYMBOL: TWX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Allergan — The drugmaker earned an adjusted $3.90 per share for its latest quarter, beating estimates of $3.76 a share. Its revenue also came in above forecasts on increased sales of Botox and other therapeutic treatments.

STOCK SYMBOL: AGN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Twitter — Twitter was upgraded to "buy" from "neutral" at BTIG, which notes an acceleration in daily active users. BTIG said that is especially true in the United States, which has a disproportionate impact on the company's revenue and profits.

STOCK SYMBOL: TWTR

(CLICK HERE FOR LIVE STOCK QUOTE!)
Gilead Sciences — Gilead beat Street forecasts by 9 cents a share, with adjusted quarterly profit of $2.70 per share. The drugmaker's revenue also beat estimates. Gilead's results were led by sales of its hepatitis C drugs, but the company did give a lower than expected forecast for sales of those treatments for the full year. Separately, the company announced a 10 percent dividend increase.

STOCK SYMBOL: GILD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Zillow — Zillow reported quarterly profit of 14 cents per share, 3 cents a share above estimates. Revenue also beat forecasts. The online real estate website operator's better-than-expected performance came despite a 20 percent drop in display advertising revenue, with the company saying the drop is a result of de-emphasizing display ads and improving the user experience.

STOCK SYMBOL: Z

(CLICK HERE FOR LIVE STOCK QUOTE!)
Twilio — Twilio broke even for its latest quarter on an adjusted basis, compared to an expected loss of 5 cents per share. The communications technology company saw revenue also beat estimates, and the breakeven quarter on the bottom line was Twilio's first since going public last year.

STOCK SYMBOL: TWLO

(CLICK HERE FOR LIVE STOCK QUOTE!)
Buffalo Wild Wings — Buffalo Wild Wings missed estimates by 40 cents a share, reporting a quarterly profit of 87 cents per share. The restaurant chain's revenue was well below forecasts, as well. It also gave a worse-than-expected outlook for the current year, seeing comparable sales growth of 1 to 2 percent.

STOCK SYMBOL: BWLD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Panera Bread — Panera reported adjusted quarterly profit of $2.05 per share, 5 cents a share above estimates, despite a small miss on the top line. The restaurant chain's bottom-line results are being helped by the upgrades in its restaurants, as well as higher prices.

STOCK SYMBOL: PNRA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Yum China — The company more than doubled the 8 cent a share consensus estimate, with adjusted quarterly profit of 17 cents per share. The restaurant chain's revenue did come in below forecasts. This was Yum China's first report as a standalone public company following its spin-off from Yum Brands. The company also announced a $300 million stock buyback.

STOCK SYMBOL: YUMC

(CLICK HERE FOR LIVE STOCK QUOTE!)
Sanofi — Sanofi said its full-year 2017 earnings would be stable to slightly lower than it saw in 2016. The drugmaker also said it was in no hurry to do any deals, after losing out in its bid to buy Switzerland's Actelion.

STOCK SYMBOL: SNY

(CLICK HERE FOR LIVE STOCK QUOTE!)
Rio Tinto — Rio beat profit forecasts with its latest quarterly report. The mining company also declared a bigger-than-expected dividend, as well as a stock buyback.

STOCK SYMBOL: RIO

(CLICK HERE FOR LIVE STOCK QUOTE!)
Syngenta — Syngenta said it expected its $43 billion deal to buy ChemChina to close during this year's second quarter, as the agriculture chemical maker makes progress in clearing regulatory hurdles.

STOCK SYMBOL: SYN

(CLICK HERE FOR LIVE STOCK QUOTE!)
IntercontinentalExchange — ICE said the Securities and Exchange Commission may bring an enforcement action against its New York Stock Exchange branch over a July 2015 glitch that halted trading for nearly four hours.

STOCK SYMBOL: ICE

(CLICK HERE FOR LIVE STOCK QUOTE!)
Alphabet — The company's Google unit has reportedly struck a deal with Walt Disney to license ESPN, ABC, and other networks for display on Google's YouTube streaming operation, according to The Wall Street Journal.

STOCK SYMBOL: GOOGL

(CLICK HERE FOR LIVE STOCK QUOTE!)

DISCLOSURE:

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. 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 StockMarket?

Hope you all have a wonderful trading day ahead here on this Wednesday, February the 8th! :)

submitted by bigbear0083 to StockMarket [link] [comments]

Wednesday December 14th Pre-Market Stock Movers & News

Good morning traders of the StockMarket sub! Happy Fed Wednesday! Here are your pre-market stock movers & news for today-

(FULL SOURCE)

Frontrunning: December 14

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

(CLICK HERE FOR YESTERDAY'S MARKET HEAT MAP!)

YESTERDAY'S S&P SECTORS:

(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

TODAY'S ECONOMIC CALENDAR:

(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

THIS MORNING'S EARNINGS CALENDAR:

(CLICK HERE FOR TODAY'S EARNINGS CALENDAR!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • SGYP
  • ONVO
  • XON
  • JOY
  • MSFT
  • CXO
  • MITT
  • ACN
  • REPH
  • SAGE
  • IBM
  • ABM
  • BAC
  • NDSN
  • NKE
  • JNJ
  • QCOM
  • GILD
  • INTC
  • AMGN
  • SKM
  • BLBD
  • PIR
  • LGF

THIS MORNING'S STOCK NEWS MOVERS: JOY, ESRX, NVDA, FOXA, WFC, HTZ, GOOGL, JNJ, GS, UPS, FDX, VRX

(source: cnbc.com)
Joy Global — The mining equipment maker reported adjusted quarterly profit of 17 cents per share, matching estimates, while revenue fell short of analysts' forecasts as the commodity price slump continues to impact Joy Global's customers.

STOCK SYMBOL: JOY

(CLICK HERE FOR LIVE STOCK QUOTE!)
Express Scripts — The pharmacy benefits manager reaffirmed its adjusted 2017 earnings guidance, and raised its overall outlook stemming from tax benefits related to its disposition of its PolyMedica unit. It is also revising its methodology for reporting network claims.

STOCK SYMBOL: ESRX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Nvidia — Evercore upgraded the graphics chipmaker's stock to "buy" from "hold," even after a 181 percent year-to-date run up, noting that 2017 should be another good year for AI-related offerings.

STOCK SYMBOL: NVDA

(CLICK HERE FOR LIVE STOCK QUOTE!)
21st Century Fox — Brean Capital upgraded the media company's stock to "buy" from "hold," saying the sell-off following Fox's bid to buy the rest of Britain's Sky was overdone.

STOCK SYMBOL: FOXA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Wells Fargo — Regulators imposed new sanctions on the bank because of deficiencies in its "living will" plan should it ever find itself on the verge of bankruptcy. It's the first time penalties have been imposed on a bank since the "living will" provisions were created by the 2010 Dodd-Frank Act.

STOCK SYMBOL: WFC

(CLICK HERE FOR LIVE STOCK QUOTE!)
Hertz Global — Hertz announced the retirement of Chief Executive Officer John Tague, as well as the departure of three of the car rental company's longest serving board members. Former GE executive Kathryn Marinello was chosen as the new CEO, an appointment that was endorsed by investor Carl Icahn, the largest Hertz shareholder.

STOCK SYMBOL: HTZ

(CLICK HERE FOR LIVE STOCK QUOTE!)
Alphabet — Alphabet's Google unit is reportedly racing to hire more conservatives for its lobbying arm, according to Reuters, after years of enjoying President Barack Obama's support and positioning itself for a Hillary Clinton presidency.

STOCK SYMBOL: GOOGL

(CLICK HERE FOR LIVE STOCK QUOTE!)
Johnson & Johnson — Johnson & Johnson has dropped is bid for Swiss drugmaker Actelion. However, Actelion confirmed it is in talks about a "strategic transaction," with both Reuters and Dow Jones reporting that France's Sanofi is the company talking with Actelion.

STOCK SYMBOL: JNJ

(CLICK HERE FOR LIVE STOCK QUOTE!)
Goldman Sachs — Goldman is reportedly planning to announce the elevations of investment banking head David Solomon and chief financial officer Harvey Schwartz to be CEO Lloyd Blankfein's top lieutenants. The announcement could come as soon as today, following the announced departure of Gary Cohn to join the Trump administration. CNBC has previously reported the impending elevation of Solomon.

STOCK SYMBOL: GS

(CLICK HERE FOR LIVE STOCK QUOTE!)
General Motors — GM asked the Supreme Court to overturn an earlier ruling that its 2009 bankruptcy filing did not shield it from lawsuits related to its faulty ignition switches. The switches have been linked to 124 deaths and 275 injuries.

STOCK SYMBOL: GM

(CLICK HERE FOR LIVE STOCK QUOTE!)
United Parcel Service, FedEx — UPS and FedEx are both struggling to keep up with the surge in holiday orders, according to a Wall Street Journal article. The paper said shipping volumes have surged past expectations and delayed some of the millions of orders that have been placed since Thanksgiving.

STOCK SYMBOL: UPS

(CLICK HERE FOR LIVE STOCK QUOTE!)

STOCK SYMBOL: FDX

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Valeant — The drugmaker's shares could come under pressure following news that Bill Ackman's Pershing Square sold some of its stake in the drugmaker to generate a loss for tax purposes. The sale lowered Pershing's stake to 7.8 percent from 9 percent.

STOCK SYMBOL: VRX

(CLICK HERE FOR LIVE STOCK QUOTE!)

DISCLOSURE:

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. 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 StockMarket?

Hope you all have a wonderful trading day ahead here on this Wednesday December the 14th! :)

submitted by bigbear0083 to StockMarket [link] [comments]

2.8.17 Wednesday Stock Market Movers & News

Good morning traders of the stocks sub! Happy Hump Day! Here are your stock movers & news for today-

(source)

Frontrunning: February 8

STOCK FUTURES NOW:

(CLICK HERE FOR STOCK FUTURES CHARTS!)

YESTERDAY'S MARKET HEAT MAP:

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YESTERDAY'S S&P SECTORS:

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TODAY'S ECONOMIC CALENDAR:

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THIS WEEK'S IPO'S:

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THIS WEEK'S EARNINGS CALENDAR:

(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

(CLICK HERE FOR THIS MORNING'S PRE-MARKET EARNINGS CALENDAR!)

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 PAGE #1!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES PAGE #2!)
(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES PAGE #3!)

THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:

(CLICK HERE FOR THIS MORNING'S UPGRADES/DOWNGRADES!)

THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • GILD
  • TWTR
  • TWLO
  • DIS
  • BWLD
  • ZG
  • RIO
  • CTSH
  • AKAM
  • AGN
  • SAVE
  • MDLZ
  • ALK
  • YUMC
  • TTWO
  • CPT
  • MBLY
  • USAK
  • ULTI
  • MCHP
  • DRYS
  • MOS
  • SABR
  • AIZ

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
Walt Disney — Disney reported adjusted quarterly profit of $1.55 per share, 6 cents a share above estimates. Revenue, however, came in below forecasts, led by a drop in advertising revenue and tougher comparisons in the movie business. Separately, CEO Robert Iger said he was open to extending his term on the job beyond his scheduled retirement in 16 months.

STOCK SYMBOL: DIS

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Mondelez International — Mondelez came in a penny a share below estimates, with adjusted quarterly profit of 47 cents per share. Revenue for the snack maker was slightly below Street forecasts. CEO Irene Rosenfeld said results were impacted by a number of short-term issues, as well as weakness in its business abroad.

STOCK SYMBOL: MDLZ

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Cognizant Technology — The IT services provider reported adjusted quarterly profit of 87 cents per share, 1 cent a share above estimates. Revenue came in just below forecasts. Separately, the company struck an agreement with activist investor Elliott Management, appointing three directors and returning $3.4 billion to shareholders.

STOCK SYMBOL: CTSH

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Alaska Air — The fifth-largest U.S. carrier beat estimates by 16 cents a share, with adjusted quarterly profit of $1.56 per share. Revenue beat forecasts and the company also increased its quarterly dividend to 30 cents per share from 27-1/2 cents.

STOCK SYMBOL: ALK

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Humana — The health insurer earned an adjusted $2.09 per share for its latest quarter, while revenue was slightly below projections. Humana said that it added members in its Medicare Advantage business, and that it would give an update on its transaction to be bought by Aetna by February 16. That deal was blocked in a court ruling last month.

STOCK SYMBOL: HUM

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Time Inc. — Meredith Corp. and an investor group led by Edgar Bronfman Jr. have pushed ahead with their pursuit of the publisher of Sports Illustrated, Fortune, and People, according to The Wall Street Journal.

STOCK SYMBOL: TIME

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Time Warner — The media company beat estimates by 6 cents a share, with adjusted quarterly profit of $1.25 per share. Revenue also beat forecasts. The results were helped by the success of the Harry Potter spin-off movie "Fantastic Beasts and Where to Find Them." Time Warner also said it still expected its deal to be bought by AT&T to close later this year.

STOCK SYMBOL: TWX

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Allergan — The drugmaker earned an adjusted $3.90 per share for its latest quarter, beating estimates of $3.76 a share. Its revenue also came in above forecasts on increased sales of Botox and other therapeutic treatments.

STOCK SYMBOL: AGN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Twitter — Twitter was upgraded to "buy" from "neutral" at BTIG, which notes an acceleration in daily active users. BTIG said that is especially true in the United States, which has a disproportionate impact on the company's revenue and profits.

STOCK SYMBOL: TWTR

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Gilead Sciences — Gilead beat Street forecasts by 9 cents a share, with adjusted quarterly profit of $2.70 per share. The drugmaker's revenue also beat estimates. Gilead's results were led by sales of its hepatitis C drugs, but the company did give a lower than expected forecast for sales of those treatments for the full year. Separately, the company announced a 10 percent dividend increase.

STOCK SYMBOL: GILD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Zillow — Zillow reported quarterly profit of 14 cents per share, 3 cents a share above estimates. Revenue also beat forecasts. The online real estate website operator's better-than-expected performance came despite a 20 percent drop in display advertising revenue, with the company saying the drop is a result of de-emphasizing display ads and improving the user experience.

STOCK SYMBOL: Z

(CLICK HERE FOR LIVE STOCK QUOTE!)
Twilio — Twilio broke even for its latest quarter on an adjusted basis, compared to an expected loss of 5 cents per share. The communications technology company saw revenue also beat estimates, and the breakeven quarter on the bottom line was Twilio's first since going public last year.

STOCK SYMBOL: TWLO

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Buffalo Wild Wings — Buffalo Wild Wings missed estimates by 40 cents a share, reporting a quarterly profit of 87 cents per share. The restaurant chain's revenue was well below forecasts, as well. It also gave a worse-than-expected outlook for the current year, seeing comparable sales growth of 1 to 2 percent.

STOCK SYMBOL: BWLD

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Panera Bread — Panera reported adjusted quarterly profit of $2.05 per share, 5 cents a share above estimates, despite a small miss on the top line. The restaurant chain's bottom-line results are being helped by the upgrades in its restaurants, as well as higher prices.

STOCK SYMBOL: PNRA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Yum China — The company more than doubled the 8 cent a share consensus estimate, with adjusted quarterly profit of 17 cents per share. The restaurant chain's revenue did come in below forecasts. This was Yum China's first report as a standalone public company following its spin-off from Yum Brands. The company also announced a $300 million stock buyback.

STOCK SYMBOL: YUMC

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Sanofi — Sanofi said its full-year 2017 earnings would be stable to slightly lower than it saw in 2016. The drugmaker also said it was in no hurry to do any deals, after losing out in its bid to buy Switzerland's Actelion.

STOCK SYMBOL: SNY

(CLICK HERE FOR LIVE STOCK QUOTE!)
Rio Tinto — Rio beat profit forecasts with its latest quarterly report. The mining company also declared a bigger-than-expected dividend, as well as a stock buyback.

STOCK SYMBOL: RIO

(CLICK HERE FOR LIVE STOCK QUOTE!)
Syngenta — Syngenta said it expected its $43 billion deal to buy ChemChina to close during this year's second quarter, as the agriculture chemical maker makes progress in clearing regulatory hurdles.

STOCK SYMBOL: SYN

(CLICK HERE FOR LIVE STOCK QUOTE!)
IntercontinentalExchange — ICE said the Securities and Exchange Commission may bring an enforcement action against its New York Stock Exchange branch over a July 2015 glitch that halted trading for nearly four hours.

STOCK SYMBOL: ICE

(CLICK HERE FOR LIVE STOCK QUOTE!)
Alphabet — The company's Google unit has reportedly struck a deal with Walt Disney to license ESPN, ABC, and other networks for display on Google's YouTube streaming operation, according to The Wall Street Journal.

STOCK SYMBOL: GOOGL

(CLICK HERE FOR LIVE STOCK QUOTE!)

DISCUSS!

What is on everyone's radar for today's trading day ahead here at stocks?

Hope you all have a wonderful trading day ahead here on this Wednesday, February the 8th! :)

submitted by bigbear0083 to stocks [link] [comments]

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