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Discussion in 'Stock Market Today' started by Stockaholic, Nov 4, 2016.
Happy Veterans Day Stockaholics!
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Friday's Market News & Stock Movers-
Spoiler: 11/11 Friday's Stock News Movers: JCP, DIS, JWN, KORS, NVDA, AAPL, BABA, AMZN, VRX, DECK, TIF & more
11/11 Friday's Stock News Movers: JCP, DIS, JWN, KORS, NVDA, AAPL, BABA, AMZN, VRX, DECK, TIF & more
Good day Stockaholics! Happy Friday!
Frontrunning: November 11
Conquering Trump comes to DC (The Hill)
Trump’s Data Team Saw a Different America—and They Were Right (BBG)
Trump victory prompts U.S. fund managers to focus on inflation (Reuters)
Dollar’s Trump-Inspired Surge Sets Off Intervention Across Asia (BBG)
Trump Camp Works to Form Cabine (WSJ)
Damascus, allies upbeat on Trump win, await his policies (Reuters)
Anti-Trump protests continue for second day (Reuters)
Trump Faces Battle to Undo Iran Nuclear Deal (WSJ)
Trump bucks protocol on press access (AP)
Trump Effect Routs Emerging Markets (BBG)
Trump Win Puts a Bullseye on Warren’s Banking Watchdog (BBG)
Carry Trades Collapse as Emerging-Market Yield Advantage Shrinks (BBG)
Trump’s Defense Hike Relies on a Reagan-Era Gimmick (BBG)
Swiss PostFinance to start negative rates for rich private clients (Reuters)
To Fox, CNN, MSNBC, Trump’s the Gift That Keeps On Giving (BBG)
Bonds Tumble by $1 Trillion This Week as Trump Seen Game Changer (BBG)
Islamic State executes scores, stockpiles chemicals: U.N. (Reuters)
Chelsea Clinton being groomed to run for Congress (Post)
Trump presidency could prove a salve for pharma merger deals (Reuters)
STOCK FUTURES NOW:
YESTERDAY'S MARKET HEAT MAP:
YESTERDAY'S S&P SECTORS:
TODAY'S ECONOMIC CALENDAR:
MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!):
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
THIS MORNING'S PRE-MARKET NEWS MOVERS:
J.C. Penney — The retailer's adjusted quarterly loss of 21 cents per share matched estimates, but revenue was below forecasts and comparable-store sales fell 0.8 percent. Analysts surveyed by Thomson Reuters had expected a same-store sales increase of 2.2 percent.
Walt Disney — Disney missed estimates by six cents a share, with adjusted quarterly profit of $1.10 per share. Revenue also missed forecasts. Disney's results were impacted by declining subscriber numbers at ESPN. Its shares at first tumbled in after-hours trading, but rebounded following more optimistic comments by CEO Robert Iger on Disney's earnings conference call.
Nordstrom — Nordstrom reported adjusted quarterly profit of 84 cents per share, well above estimates of 52 cents a share. The retailer's revenue beat Street forecasts, as well. Nordstrom's results got a boost from its Anniversary Sale, but the company did cut its profit forecast for 2016 while projecting flat comparable-store sales.
Michael Kors — Kors came in seven cents a share above estimates, with quarterly profit of 95 cents per share. The luxury goods maker's revenue matched forecasts, however it also issued a weaker-than-expected forecast for the holiday shopping season.
Nvidia — Nvidia trounced estimates by 26 cents a share, with quarterly earnings of 83 cents per share. The graphics chipmaker's revenue was also well above estimates as its new products sold well. The company announced a $2 billion stock buyback and a 22 percent dividend hike to 14 cents per share, as well.
Apple, Alibaba, Visa — Dan Loeb's Third Point hedge fund took new stakes in those companies, among others, and increased its holdings in Alphabet and Facebook. The information comes from the fund's quarterly 13-F filing.
Alibaba — Alibaba said its Singles' Day sales have already surged past last year's total, but the China-based online retailer's growth rates have slowed compared to a year ago.
Amazon.com — Amazon was ordered by a judge to refund parents for in-app purchases made by children without permission. However, the judge also turned aside a request by the Federal Trade Commission for a $26.5 million lump sum payout.
CME Group — Chief Executive Officer Phupinder Gill is stepping down on December 31, with the exchange operator's executive chairman and president Terry Duffy adding the CEO role to his duties.
Valeant Pharmaceuticals — The drugmaker may change its name to repair damage to its reputation, according to investor Bill Ackman in a CNBC interview. Ackman is a Valeant board member and his Pershing Square Capital Management is a major stakeholder.
Waste Management — Waste Management named CFO James Fish as is new president and chief executive officer, succeeding David Steiner who had been CEO since 2004. The company is in the process of searching for a new CFO.
Quest Diagnostics — The medical lab operator raised its revenue growth outlook and announced a 12.5 percent quarterly dividend increase to 45 cents per share from 40 cents.
Aetna, Humana — Credit Suisse upgraded both health care companies to "outperform" from "neutral," on the idea that a Trump administration might improve prospects for health care stocks in general and also increase the chances that Aetna's pending deal to buy Humana would pass muster with antitrust officials.
Deckers Outdoor — The shoe retailer was upgraded to "buy" from "hold" at Stifel, after speaking with management about the company's shift in direction and changes in its leadership positions.
Tiffany — Cowen upgraded the luxury goods seller to "outperform" from "market perform," noting a comeback for the luxury category and that Tiffany is a well-positioned and trusted brand.
Have a good trading day to everyone in here on this Friday!
called it, i figured acia would turn around and pop like that.
wow! gold is getting took to the woodshed!
$NVDA every car, truck, taxi, shuttle in the world will be autonomous. Think about it. It's pretty simple math.
whoa! looks like those summer lows may get tested in the near future
the dollar has been strong like bull this month thus far ... took out the oct. high here ... these are now highs going back to february
Looks like pretty good support for Gold in this area though...
i would agree there @T0rm3nted right around 1215ish is about where the gc's has bounced off of a couple of times this year
but honestly this chart is front & center for me ... if this continues to power its way higher than all bets are off for the yellow imho
case in point - it's basically the inverse to a tee
Small caps are having anothe good day
although it's not looking too likely right now but if cash spx were to turn green at the close today that would make it 5 for 5 on the week ending higher which followed a 5 for 5 on the downside last week ... the last time we saw that was in 2001 ('94, '73, '43 were the others)
also check out that weekly bar on the small caps index (russell 2k) here
you won't find a larger weekly up candle like the one we're seeing this week since going all the way back to the debt ceiling fiasco in 2011 ... what a move!
ha! we just posted about this basically at the same time
small caps up nearly +10% on the week! yowza
copper finally coming off after a pretty serious move the past few weeks. .. an interesting reversal today
Lol yeah what an eventful week for the election and the market reaction after the election. The media kept talking about stocks and the dollar would tank if Trump is elected, exact the opposite has happened
tContrarian trades seem to be so spot on when it comes to the media
Wow, it's hard to find inverse stuff like that. I might be able to set up a trade to use that info. Hrmmmm