good morning stockaholics! here are your morning stock market news & movers on this thursday- Spoiler: 11/3 Thursday's Stock News Movers: FB, QCOM, FOXA, WYNN, CHK, WFM, AIG, CAR, FIT, FSLR, MAT, F, WFC 11/3 Thursday's Stock News Movers: FB, QCOM, FOXA, WYNN, CHK, WFM, AIG, CAR, FIT, FSLR, MAT, F, WFC Good day Stockaholics! Happy Thursday! Frontrunning: November 3 Cubs Win 1st Series Title Since 1908, Beat Indians in Game 7 (BBG) Trump, Clinton blast each other on character; Clinton rises in poll (Reuters) Trump-effect grips world stocks, dollar (BBG) No Brexit without Parliament approval: High Court (Reuters) With Iraqi troops at Mosul's gate, Baghdadi promises victory (Reuters) China Slowdown Deepens Looming Pension Crisis (WSJ) Wells Fargo’s Stars Thrived While 5000 Workers Got Fired (BBG) Ghost soldiers: the Russians secretly dying for the Kremlin in Syria (Reuters) Kentucky Plans to Pull At Least $800 Million From Hedge Funds (WSJ) Gold Bugs Don’t All Fear the Fed (WSJ) Egypt Free Floats Pound, Raises Lending Rates to Spur Economy (BBG) Aging Pipelines Raise Concerns (WSJ) The Postwar Boom Isn’t Coming Back Anytime Soon (BBG) John Mackey Will Be Sole CEO of Whole Foods Market (WSJ) Mystery Letter Haunts Scandal-Hit South Korean Leader (BBG) Deutsche Bank set to be among hardest hit by new capital rules (Reuters) Facebook Shares Tumble After Projecting Higher Costs And Slower Growth (BBG) U.S. Sues AT&T’s DirecTV for Alleged Collusion During Dodgers TV Talks (WSJ) High-Speed Traders Woo More Asia Recruits Than ‘Gloomy’ Banks (BBG) Wall Street and Kochs Fuel Most Expensive U.S. Senate Race Ever (BBG) The Mega Rich Have Found an Unlikely New Refuge (BBG) 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!): FB CHK FSLR JDST DUST NUGT SBUX SLV UGAZ JCP HIMX AMAG LSCC DDD GDX CHD ICPT CI VRX TLT INSY DBC CHTR BDX IEF TODAY'S PRE-MARKET EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Wells Fargo — In a Securities and Exchange Commission filing, the bank said it has increased its litigation loss reserves to $1.7 billion from $1 billion, and that the SEC has joined those looking into the recent disclosure and revamping of the bank's sales practices. Facebook — The shares are taking a beating despite exceeding Street estimates in its latest quarter. Facebook reported adjusted quarterly profit of $1.09 per share, 12 cents a share above estimates. Revenue also scored a beat and the social media giant exceeded the one billion mark in mobile daily active users. However, investors are focusing on the company's warning of slowing revenue growth this quarter. Qualcomm — Qualcomm beat forecasts by 15 cents a share, with adjusted quarterly profit of $1.28 per share. The chipmaker's revenue also came in above Street forecasts. Strong demand for the company's smartphone chips helped drive the quarter, with particular strength in the China market. 21st Century Fox — Fox reported adjusted quarterly profit of 51 cents per share, exceeding estimates by seven cents a share. Revenue was essentially in line with forecasts. The media giant was helped by strong results at the movie box office as well as its cable division. Church & Dwight — The maker of Arm & Hammer baking soda and other consumer products matched estimates, with earnings of 47 cents per share. Revenue missed forecasts, however, and its current-quarter guidance is also short of expectations. The company said it is overcoming headwinds in its specialty products business. Wynn Resorts — Wynn missed estimates by three cents a share, with adjusted quarterly profit of 75 cents per share, with revenue essentially in line. The casino operator's results were pressured by an 11.5 percent drop in revenue from Macau, although that market has shown signs of recovering recently after a long and precipitous slide. Chesapeake Energy — The energy producer reported an adjusted quarterly profit of nine cents per share, surprising analysts who had predicted a three cents per share loss. Revenue also beat forecasts, and the bottom line was helped by better expense control and overall operating efficiencies. Whole Foods Market — Whole Foods earned 28 cents per share for its latest quarter, compared to estimates of 24 cents a share. Revenue matched analysts' forecasts. In a management shuffle, the organic grocer named founder John Mackey as its sole CEO as of December 31. Mackey and Walter Robb have been co--chief executive officers, and Robb will remain on the board of directors and serve as a senior advisor. AIG — AIG reported adjusted quarterly profit of $1.23 per share for its latest quarter, two cents a share above estimates. The commercial insurer's profit compared to a year-ago loss, when AIG was hit by poor investment results. Additionally, AIG's board authorized an additional $3 billion for its share buyback program. Avis Budget — The company beat estimates by 14 cents a share, with adjusted quarterly profit of $2.47 per share. The car rental giant's revenue was essentially in line. However, its full-year earnings guidance is below Street forecasts, with the company seeing softer demand both in the Americas and Europe. Fitbit — Fitbit matched estimates, with adjusted quarterly profit of 19 cents per share, but the wearable fitness device maker's revenue fell short, as does its fourth quarter and full year outlook. Fitbit is being hurt by tough competition in the wearables market. First Solar — First Solar reported adjusted quarterly profit of $1.22 per share, well above estimates of 74 cents per share, though revenue was well below estimates. That contrast comes from much bigger than expected profit margins for the solar equipment company. However, First Solar also cut its sales forecast. Mattel — Mattel hired search firm Spencer Stuart this past summer to search for its next Chief Executive Officer, according to the Wall Street Journal. The timing for hiring a successor to the toy maker's current CEO Christopher Sinclair is unclear. Ford Motor — Ford has launched Black Friday clearance sales early, following a nearly 12 percent drop in October sales. Ford is offering $1,000 "Black Friday Cash" rebates on 2016 and 2017 model year vehicles. Have a good trading day to everyone in here on this Thursday!
Here is a copy of the newsletter from the week of October 14th. If you are interested in getting on the distribution list email me at [email protected] https://drive.google.com/file/d/0B4o0o67kDdT8aEtQaFlZMkxYNUk/view?usp=sharing
Got killed in FSLR. Now I've got three underlying in my wheel of fortune from this earnings season. FSLR, UA, and HAL. Actually, four. Pandora also. Now I get to have fun managing these back to a scratch. Which will feel like a win.
^^ ya i was just mentioning this to members in chat just a few minutes ago ... i'm not sure when the last time we saw cash s&p fall for 8 days in a row (i'm thinking 2008? but i'm almost certain we did it at least one other time after that?)
Earnings after the close today: ($SBUX $GPRO $TWLO $ATVI $SWKS $LVS $FEYE $ONVO $EXEL $GNW $QRVO $STMP $SAEX $MNST $CLNE $WTW $OLED $KHC)
I think we had a 7 day losing streak in 2011, not sure about the 8 day losing streak, maybe we had one in 2009 and we couldn't remember
Super oversold....just better setups to short imho. Plus tomorrow is Weekly options exp.....nice way to hose the late put buyers....aka chicken little gang
dang ... i could not get on in time to post this in here ... my bad ER's before the open tomorrow morning: ($REGN $NRG $HUM $DUK $SSTK $PETX $EGLT $RLGY $MSG $XRAY $PAH $AES $CBM $PCG #CNNX $SNH $BIP $NGL)
@stock1234 you were indeed correct ... 2011 was the last time we had a 7 day losers streak on the cash s&p ... this current 8 day streak is now the longest since the height of the 2008 crisis ... which was just about 8 years ago (aka, also the last time we had a 8th year of a president's term election) however this time the spx is down just -2.50% during this streak, whilst the spx was down over -22% in oct. 2008... can we make it 9 in a row tomorrow? it would be the first since 1980 ... and i read somewhere that the record was 13 i think
I'm not counting on tomorrow to be any better myself. I been staying behind the lines mostly. Just dabbling a few day or mostly hourly trades to stay occupied and pay a few bills. Never no when a diamond in the rough may appear. Good luck to all in these hectic times.
Good Friday morning Stockaholics! Spoiler: 11/4 Friday's Stock News Movers: HUM, REGN, ITT, SBUX, CBS, ATVI, LVS, GPRO, TWLO, FEYE, KHC, MNST 11/4 Friday's Stock News Movers: HUM, REGN, ITT, SBUX, CBS, ATVI, LVS, GPRO, TWLO, FEYE, KHC, LGF, MNST, WTW, HLF, NTAP Good day Stockaholics! Happy Friday! Frontrunning: November 4 Stocks Extend Pre-Vote Selloff as Treasuries Gain; Lira Weakens (BBG) Fears over US election spur investors’ dash for cash (FT) Republican Voters Rallying to Trump Leave Party Leaders in Awkward Spot (BBG) Trump gains ground on Clinton: Reuters/Ipsos States of the Nation (Reuters) Hillary Clinton take 3-point lead in the latest ABC News/Washington Post tracking poll results (ABC) Trump Opens Big Lead Over Clinton On Character, Economy: IBD/TIPP Poll (IBD) U.S. employment growth, wages seen picking up in October (Reuters) Big Hit on Drug Stocks Caps $26 Billion Decline for John Paulson (WSJ) Steve Ballmer Says Smartphones Broke His Relationship With Bill Gates (BBG) U.S. manufacturing economy fails employers and workers (Reuters) This Election Shines a New Light on Wall Street’s Bro Culture (BBG) Hong Kong raises stamp duties to tame hot property market (Reuters) Covered by Obamacare But They Can’t Afford Treatment (BBG) Harvard Suspends Men’s Soccer Team Over Sexually Explicit Rankings of Women Players (WSJ) Nobody Knows Why Fortysomethings Are Driving U.S. Productivity (BBG) Shell and Total CEOs Question Solar in Room Full of Green Investors (BBG) IS leader urges Mosul fighters (AAP) Iraqi forces push deeper into east Mosul (Reuters) Battle over bathrooms looms large in North Carolina governor's race (Reuters) Fed independence should be scrapped given economic challenges, Summers says (MW) Tens of thousands of Indonesian Muslims protest against capital's governor (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!): SPY UVXY TWLO UWTI DWTI REGN FEYE GLD WTW EGLE GPRO QRVO FLR SBUX AIMT HLF HUM PI LOCO STMP LGF DUST TRUE LCI TODAY'S PRE-MARKET EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Humana — Humana earned an adjusted $3.18 per share for the third quarter, three cents a share above estimates. Revenue also came in above Street forecasts. Its performance was driven by upbeat results in its health care services operation, as well as its Medicare Advantage business. Regeneron Pharmaceuticals — The drugmaker reported adjusted quarterly profit of $3.13 per share, well above estimates of $2.71 a share. Revenue was shy of estimates, however. Sales were up more than seven percent over a year earlier, thanks to increasing revenue from its eye drug Eyelea. ITT Corp. — The manufacturing company matched estimates, with adjusted quarterly profit of 58 cents per share. Revenue came in very slightly above forecasts. However, the company cut its outlook, pointing to unfavorable currency trends and lower profits on various projects, among other factors. Starbucks — Starbucks came in a penny a share above estimates, with adjusted quarterly profit of 56 cents per share. The coffee chain's revenue was also slightly above Street forecasts. Comparable-store sales for the Americas region were up five percent, matching forecasts. Additionally, the company's board approved a 25 percent quarterly dividend increase. CBS — CBS reported adjusted quarterly profit of $1.05 per share, beating estimates of 98 cents a share. Revenue was also above analysts' projections, with CEO Leslie Moonves saying that advertising remains strong and was accelerating during the quarter. Activision Blizzard — Activision beat forecasts by ten cents a share, with adjusted quarterly profit of 52 cents per share. The video game maker also raised its full-year forecast as its digital content proves increasingly popular. Las Vegas Sands — Las Vegas Sands beat estimates by 12 cents a share, with adjusted quarterly profit of 72 cents per share. The casino operator's revenue also beat forecasts. The company's results were helped by improving fortunes in Macau after a long slump in that market. GoPro — GoPro lost 60 cents per share for its latest quarter, much wider than the 35 cent loss expected by analysts. The high definition camera maker's revenue was well below estimates, as is its current-quarter guidance. GoPro did say it expects to be profitable in 2017, however. Twilio — Twilio reported a quarterly loss of four cents per share, half the size expected by Wall Street. The company, which provides a variety of customer interaction tools, also saw revenue come in above estimates on a jump in the number of active customer accounts. FireEye — FireEye lost 18 cents per share for its latest quarter, smaller than the 31 cents a share Wall Street was anticipating. The cybersecurity products company's revenue came in above forecasts, as demand for its cloud-based products rose. Kraft Heinz — Kraft Heinz beat estimates by eight cents a share, with adjusted quarterly profit of 83 cents per share. The food company's revenue came in slightly below forecasts. Kraft Heinz was helped by a cut in expenses. Lions Gate — Lions Gate lost 11 cents per share for its latest quarter, smaller than the consensus forecast of a 24 cent loss. The studio's revenue was well above expectations on strong results for both its movies and its TV shows. Monster Beverage — Monster missed by 13 cents a share, with quarterly profit of 99 cents per share. The energy drink maker also saw revenue miss the mark. The results were impacted in part by a stronger dollar, as well as distribution issues. Weight Watchers — Weight Watchers reported quarterly earnings of 53 cents per share, eight cents a share above estimates. The weight-loss company's revenue came in below forecasts. The company also raised its full-year forecast above analysts' expectations, even as it struggles to improve membership numbers. Herbalife — Investor Carl Icahn raised his stake in the nutritional products company to 23.1 percent from his prior 20.8 percent stake. NetApp — NetApp will lay off about six percent of its workforce in a further restructuring for the data storage company. It expects to complete the cuts by the end of its fiscal year in April. Have a good trading day to everyone in here on this Friday!
ding ding ding! have a great friday trading day today fellas! i also want to give a shout out and kudos to @Ken34 & @stock1234 for correcting guessing this mornings nfp's report range! nice calls there
