• Breaking News

    Tuesday, December 4, 2018

    Stock Market - The Market Giveth and the Market Taketh away!

    Stock Market - The Market Giveth and the Market Taketh away!


    The Market Giveth and the Market Taketh away!

    Posted: 04 Dec 2018 10:43 AM PST

    (12/4) - Tuesday's Pre-Market Stock Movers & News

    Posted: 04 Dec 2018 05:37 AM PST

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


    (CLICK HERE TO VIEW THE FULL SOURCE!)

    Frontrunning: December 4th

    • CNBC has learned Sheldon Adelson, the biggest Republican donor, wants key GOP fundraising groups to shape up after this year's midterm wipeout in the House or risk losing his support for the 2020 election cycle.
    • The White House issued a correction stating that a truce between the U.S. and China actually began on December 1. The statement came hours after Trump's chief economic advisor Larry Kudlow said it would begin on January 1. (Axios)
    • Trump's trade talks with China are back on — but it's not clear who will lead them (CNBC)
    • Paul Manafort, the former campaign chief of President Donald Trump, attempted to broker a deal between Washington and the government of Ecuador over Wikileaks founder Julian Assange, according to a New York Times report.
    • Trump demands stiff prison sentence for his ex-lawyer Michael Cohen (CNBC)
    • A new filing today could detail how former Trump advisor Mike Flynn has been helping investigators since pleading guilty a year ago, the Wall Street Journal reported, providing a window into the special counsel probe.
    • Central American migrants stuck on the threshold of the U.S. in Mexico breached the border fence, risking almost certain detention by U.S. authorities but hoping the illegal entry will allow them to apply for asylum. (Reuters)
    • Six former Facebook employees who left the company within the last two years told CNBC they've experienced a rise in contact from current company employees to inquire about opportunities or ask for job references.
    • A federal judge is considering halting the integration of CVS Health (CVS) and Aetna (AET) — even though the two companies closed their merger. The judge pointed to concerns from groups about reduced competition. (CNBC)
    • A source told CNBC that Marlboro cigarette maker Altria (MO) is in early stage talks to acquire Canadian cannabis producer Cronos(CRON), as it seeks to diversify its business beyond traditional smokers.
    • Furniture retailer Ikea announced it will shrink its typically massive store to open its first location in Manhattan with a new "city center" format in 2019. It plans to open 30 small-format stores over the next three years. (CNBC)

    STOCK FUTURES NOW:

    (CLICK HERE FOR STOCK FUTURES CHARTS!)

    YESTERDAY'S MARKET HEAT MAP:

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

    TODAY'S MARKET HEAT MAP:

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

    YESTERDAY'S S&P SECTORS:

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

    TODAY'S S&P SECTORS:

    (CLICK HERE FOR TODAY'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 UPCOMING IPO'S:

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

    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:

    ()

    ([CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!]())

    N/A.


    THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:

    ()

    ([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:

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

    THIS MORNING'S INSIDER TRADING FILINGS:

    (CLICK HERE FOR THIS MORNING'S INSIDER TRADING FILINGS!)

    TODAY'S DIVIDEND CALENDAR:

    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)

    THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

    • APHA
    • CRON
    • RH
    • DG
    • APH.CA
    • AZO
    • TOL
    • MO
    • GLD
    • CONN
    • CRUS
    • IQ
    • MOV
    • ILMN
    • ES
    • KMX
    • JNUG
    • WM
    • IYR
    • MRVL
    • TGTX
    • EA
    • EEM
    • PEP
    • COUP
    • DJIA
    • AAPL
    • FSLR
    • UCO
    • TLT

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Toll Brothers – Toll Brothers reported quarterly earnings of $2.08 per share, well above consensus estimates of $1.83 a share. Revenue also beat forecasts, and the luxury home builder said key metrics like deliveries and backlog were at its highest in over a decade. Overall orders declined, however, hurt by rising interest rates and higher home prices.

    STOCK SYMBOL: TOL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Dollar General – The discount retailer earned $1.26 per share for the third quarter, matching estimates, with revenue slightly above Street forecasts. Comparable-store sales were up 2.8 percent, beating the 2.4 percent consensus estimate of analysts polled by Refinitiv. Dollar General lowered its full-year outlook, however, citing greater-than-expected expenses.

    STOCK SYMBOL: DG

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Movado Group – The watch maker beat estimates by 6 cents a share, with adjusted quarterly earnings of $1.18 per share. Revenue also topped forecasts and Movado reiterated its prior full-year outlook.

    STOCK SYMBOL: MOV

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Kroger – The supermarket chain will expand a pilot program to sell groceries in branded sections at Walgreens. The venture, which is operational in one Northern Kentucky store now, will be expanded to 13 Cincinnati-area stores near Kroger headquarters in early 2019.

    STOCK SYMBOL: KR

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    HD Supply – The industrial supplier earned an adjusted $1 per share for the third quarter, beating estimates by a penny a share. Revenue also beat Street forecasts, and the company announced the approval of an additional $500 million in share repurchases.

    STOCK SYMBOL: HDS

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    AutoZone – The auto parts retailer earned $13.47 per share for its latest quarter, beating the consensus estimate of $12.21 a share. Revenue was above estimates as well, and comparable-store sales were up 2.7 percent compared to a 1.7 percent consensus forecasts.

    STOCK SYMBOL: AZO

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    RH – RH earned an adjusted $1.52 per share for its third quarter, beating the consensus estimate of $1.27 a share. The Restoration Hardware parent's revenue exceeded estimates, as well, and it raised its current-quarter earnings and revenue guidance. The furniture retailer said revenue was negatively impacted this past quarter by tariff-related delays.

    STOCK SYMBOL: RH

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Apple – HSBC downgraded Apple to "hold" from "buy," saying that although it is bullish on U.S. demand, it is more bearish on emerging market potential. HSBC also said it thinks Apple can grow services revenue and profits but that hardware business growth will be more difficult to achieve.

    STOCK SYMBOL: AAPL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Cirrus Logic – Cirrus Logic cut its fiscal third-quarter guidance due to weakness in the smartphone market. The chip maker is a key supplier of audio chips for Apple's iPhones.

    STOCK SYMBOL: CRUS

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Boeing – Boeing could see Lion Air cancel jet orders in a dispute between the two over a 737 crash in late October, according to sources quoted by Reuters. No final decision has been made over the $22 billion in orders still scheduled to be delivered to Lion Air.

    STOCK SYMBOL: BA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Amgen – Amgen's multiple myeloma treatment known as AMG420 received a "fast track" designation from the Food and Drug Administration, speeding up its path to possible approval. The biotech company said seven of 10 patients given the second highest does of the drug responded to treatment, with four having no detectable cancer.

    STOCK SYMBOL: AMGN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Liberty Media – Liberty is preparing to seek a 35 percent stake in radio station operator iHeartMedia, according to the New York Post. The paper said Liberty's John Malone wants to combine iHeart with his other music properties like SiriusXM and Live Nation.

    STOCK SYMBOL: LILA

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Waste Management – Waste Management got a double upgrade from Goldman Sachs, which moved the waste processing company's stock rating to "buy" from "sell." Goldman has a positive view on the sector, and notes that Waste Management has the lowest price-to-earnings multiple among its peers. It also raised the price target on the stock to $107 from $84.

    STOCK SYMBOL: WM

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    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, December 4th, 2018!

    submitted by /u/bigbear0083
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    Stocks that are Rising/Falling And Why (4 December 2018)

    Posted: 04 Dec 2018 07:23 AM PST

    Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging!

    Below are my notes from 3 December 2018 as of mid-morning. (This list is limited to companies with market cap >$500 million, and also excludes VIX, short ETFs, etc, as these just reflect the market, rather than individual companies.)

    Today Company Driving the stock
    18% Movado Group Inc. (MOV) Revenue beat (Watches)
    16% RH (RH) Raised full-year revenue/earnings forecast, suggesting restructuring is working (Home furnishings)
    18% Movado Group Inc. (MOV) Revenue beat (Watches)
    16% RH (RH) Raised full-year revenue/earnings forecast, suggesting restructuring is working (Home furnishings)
    11% Avaya Holdings Corp. (AVYA) Revenue beat (Communications equipment)
    13% UGAZ 3X Natural Gas (UGAZ) Cold weather forecasts are driving price volatility
    11% Avaya Holdings Corp. (AVYA) Revenue beat (Communications equipment)
    10% Clovis Oncology, Inc. (CLVS) Unclear, likely jumping due to Tesaro acquisition (Pharma, cancer therapeutics)
    Today Company Driving the stock
    -21% Aphria Inc (APHA) Short sellers allege fraud (Cannabis)
    -12% Conn's, Inc. (CONN) Challenging earnings, including falling same-store sales (Home furnishings retailer)
    -10% Builders FirstSource, Inc. (BLDR) Unclear (Residential construction)
    -10% Kornit Digital Ltd. (KRNT) Announced Secondary pricing below market trading level (Printing)
    -8% Senseonics Holdings, Inc. (SENS) Unclear (Medical devices, for diabetics)
    -8% InfraREIT, Inc. (HIFR) Company is being acquired, but "go-shop" has been terminated (Electricity infrastructure REIT)
    submitted by /u/NaturalHedgehog
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    The Fed could pause rate hikes after December if it wants because the core PCE was 1.8% which is below its 2% target. That would ease concerns over the flattening yield curve.

    Posted: 04 Dec 2018 06:32 PM PST

    Month over month core PCE inflation was up 0.1% which missed estimates and September's growth rate which were both 0.2%. Year over year core inflation fell from 1.9% to 1.8%, missing estimates for 1.9%. Just like headline PCE, core PCE comparisons will get tough especially starting in March. In March 2018, core inflation increased from 1.66% to 1.96%.

    The October core PCE reading is important because it's the last reading before the December 19thFed meeting. With the Fed's favorite inflation reading falling below its target, the Fed can easily turn dovish. The Fed can justify its guidance change by repeating this data which will help it dodge criticisms of the decision being political or following the whim of the stock market.

    There's an 81.8% chance of a hike in December. That hike is a given. The real story is if it is a hawkish or dovish hike. The dot plot will be critical because the Fed has rates ending 2019 between 3% and 3.25% even though the Fed funds futures only expect one more hike after the one in December 2018 (bringing rates to 2.5% to 2.75%). The Fed ignored the inflation weakness in 2017 and raised rates 3 times because its forecasts expected higher inflation. However, 2019 is different from 2017 as growth has been slowing (in 2017 it was accelerating). The labor market is much stronger, but that won't last long with 3 hikes in 2019.

    Inflation

    The Fed Has Justification To Pause Rate Hikes

    submitted by /u/AlexPitti
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    Apple Spike

    Posted: 04 Dec 2018 03:38 PM PST

    What causes this? I see this sometimes and really confused how a stock price can spike this much ($9 or ~5%) in a short period (5mins) and then drop down to the same exact level 5 mins later. Anyone know how that happens?

    Apple Spike

    https://imgur.com/gallery/cGi0e7V

    submitted by /u/frenchy001001
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    What happened with AAPL at 4:55?

    Posted: 04 Dec 2018 07:21 PM PST

    Why did it jump 10 bucks and then drop back down? And what sucker bought at 4:55?

    submitted by /u/dukkhaman
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    REMINDER: U.S. Stock Exchanges are closed tomorrow (Wednesday, December 5th) in observance of "National Day of Mourning".

    Posted: 04 Dec 2018 07:03 AM PST

    I'm just posting this quick notice in here for those who aren't aware of tomorrow's market closure here stateside.

    The NYSE and Nasdaq will be closed all day tomorrow in observance of National Day of Mourning for the passing of George H.W. Bush.

    Here's the press release from the CME Group for those wondering how this will impact the CME globex (futures) markets.

    CME Group U.S. Equity, Interest Rate Markets to Close for National Day of Mourning


    CHICAGO, Dec. 2, 2018 /PRNewswire/ -- CME Group today announced that it will observe the passing of President George H. W. Bush with a moment of silence at 7:18 a.m. Central Time on Monday, Dec. 3, 2018, and closure of its U.S.-based equity and interest rate futures and options products on Wednesday, Dec. 5, 2018, the national day of mourning. All other markets on CME Globex, CME ClearPort and the trading floor will remain open for regular trading hours on Dec. 5.


    "We are deeply saddened by the passing of President George H. W. Bush," said CME Group Chairman and Chief Executive Officer Terry Duffy. "He was a strong leader and patriot who dedicated his life to serving our country. With a distinguished legacy as a committed family man and selfless public servant, he was admired worldwide. I am privileged to have known him personally and send heartfelt condolences to the Bush family."


    Trading hours for CME Group U.S.-based equity products on Dec. 5 will include an abbreviated session, closing after overnight trading at 8:30 a.m. Central Time and reopening at their regularly scheduled times for a trade date of Dec. 6. Interest rate products will close at their regular times on Dec. 4 and will not reopen until their regularly scheduled times for the trade date of Dec. 6. Equity and interest rate options expiring on Wednesday, Dec. 5 will be moved to expire on Tuesday, Dec. 4, 2018.


    It's also worth noting that the ADP Employment Report has been moved over to Thursday as well as a handful of other economic reports.

    I'm not entirely sure about companies earnings that were scheduled for release on Wednesday.

    That being said, I would keep an eye on Earnings Whispers Twitter page for the latest updates.

    submitted by /u/bigbear0083
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    Netflix Keeps Friends With A 100 Million Dollar Agreement

    Posted: 04 Dec 2018 10:41 AM PST

    New York Times reporter today that Netflix will keep the TV show Friends thanks to a 100 million dollar agreement.

    Who knows what it will do to the falling stock prices.

    https://www.nytimes.com/2018/12/04/business/media/netflix-friends.html

    submitted by /u/spencercoffman
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    Trump lies about alleged trade agreement with China send markets plummeting.

    Posted: 04 Dec 2018 06:06 PM PST

    J.P. Morgana issued a warning this morning that Trump's claims about his alleged deal with China's President Xi had not been confirmed by China. Markets then went south fast, breaking through the 200-day moving average. Trump is horrible for the stock markets. The markets do not like tariffs, which hurt global trade and growth, and also don't like uncertainty, which Trump causes with his false claims and impulsive, mercrial policies and policy announcements. END THE TARIFFS AND END THE LYING!

    submitted by /u/Warren4Prez
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    Okta Earnings Call

    Posted: 04 Dec 2018 11:54 AM PST

    Okta Inc is one my biggest positions and Ive held it since low 20s. I already have my opinion but what do you guys think about the cloud stocks. Do you think Okta will meet expectations when they report after-market Wednesday? If so, today could be a good time to buy the dip.

    submitted by /u/KilltheK
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    Are the companies that are scheduled to report their earnings tomorrow reporting their results as per the schedule?

    Posted: 04 Dec 2018 07:01 AM PST

    Are algorithms and AI causing tech stocks to plummet?

    Posted: 04 Dec 2018 01:02 PM PST

    Why is the NASDAQ falling? I think it's due to faulty algorithms.

    https://youtu.be/aG7TzCSbep0

    submitted by /u/noproblem4u
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    What are yall opinions of this new Bitcoin and cryptomarkets shenanigans.

    Posted: 04 Dec 2018 12:17 PM PST

    Chart institutional ownership of a stock over time?

    Posted: 04 Dec 2018 04:25 AM PST

    Is it possible to chart the institutional ownership of a stock over time? I want to check if institutional ownership of certain stocks increased or decreased during certain time frames going back to 1995.

    submitted by /u/winsoar
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