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Today's Pre-Market News [Friday, March 15th, 2019]

Cy's official Stockaholics thread archives group.

  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
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    Likes Received:
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    Today's Pre-Market News [Friday, March 15th, 2019]

    Good Day Stockaholics! Happy Friday! ;)

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    Today's Top Headlines for Friday, March 15th, 2019
    • U.S. stock futures were pointing to a higher "quadruple witching"Friday open on Wall Street, with investors welcoming positive signs in U.S. trade talks with China. The Dow, S&P 500 and Nasdaq were tracking for a positive week. (CNBC)
    • The U.S. and China are making "concrete progress" on the text of their trade agreement, Chinese state media reported Friday. President Donald Trump said the U.S. will probably know in the next three or four weeks about a possible deal with China. (South China Morning Post & CNBC)
    • The New York Fed's Empire State manufacturing index is out at 8:30 a.m. EDT. The Federal Reserve releases February industrial production. The University of Michigan releases its preliminary March consumer sentiment index and the government issues its January JOLTS, job opportunities and labor turnover, report. (CNBC)
    • Forty-nine people were killed today when at least one shooter opened fire at two mosques in Christchurch, New Zealand. Authorities charged one man in his late 20s with murder. New Zealand Prime Minister Jacinda Ardern calls the terrorist attacks "one of New Zealand's darkest days." (CNBC)
    • Gunman streamed what appeared to be helmet camera video on Facebook (NY Times)
    • Microsoft (MSFT) denied any connection with a Chinese facial recognition app that rights groups claim is being used by Beijing to track minority Muslims in China. The app, called SenseNets, sells facial recognition and crowd analysis technology designed to detect unusual behavior. (CNBC)
    • Facebook (FB) announced the departure of Chief Product Officer Chris Cox and WhatsApp division head Chris Daniels. Cox did not explicitly mention CEO Mark Zuckerberg's shift in focus to private messaging. (CNBC)
    • Apple (AAPL) refuted Spotify's (SPOT) complaint to European regulators, which claims the App Store creates unfair competition, saying the music streaming rival's goal is to "make more money off others' work." Apple said Spotify is seeking all the benefits of a free app, without being free. (CNBC)
    • Apple released its first commercial about privacy: Watch it here(CNBC)
    • Tesla (TSLA) unveiled its Model Y crossover SUV, with CEO Elon Musk saying last night that deliveries would begin in the fall of 2020 for configurations between $47,000 and $60,000. The base $39,000 Model Y won't be ready until spring of 2021. (CNBC)
    • The U.S. Securities and Exchange Commission is suing German automaker Volkswagen and ex-CEO Martin Winterkorn, alleging in a court filing that they "perpetrated a massive fraud" and repeatedly lied to U.S. investors in connection with the so-called dieselgate scandal. (CNBC)
    • Uber is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft. Next month, the ride-hailing company plans to launch its investor roadshow. Uber and Lyft are joining a number of expected tech IPOs, including Slack, Pinterest and Palantir. (Reuters)
    • Closing pop-up stores, pushing the grocery business, and focusing on advertising all will help Amazon (AMZN) boost profits, KeyBanc analysts said as they boosted the online retailer's price target to $2,100 per share, nearly 25 percent higher than Thursday's close. (CNBC)

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    STOCK FUTURES CURRENTLY:
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    YESTERDAY'S MARKET MAP:
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    YESTERDAY'S S&P SECTORS:
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    TODAY'S ECONOMIC CALENDAR:
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    NEXT WEEK'S ECONOMIC CALENDAR:

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    MOST ACTIVE TRENDING TICKERS (STOCK SYMBOLS ARE CLICKABLE!):


    NEXT WEEK'S EARNINGS CALENDAR:

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    NEXT WEEK'S UPCOMING IPO'S:
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    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
    ($DPLO $KIRK $HAIR $BKE $BIOS $VUZI $CTRN $HYGS $TERP $AVDL $SIC $HCAP $UTSI $SELB)
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    BEFORE TODAY'S MARKET OPEN EARNINGS RELEASES:
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    AFTER TODAY'S MARKET CLOSE EARNINGS RELEASES:
    NONE.


    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
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    YESTERDAY'S INSIDER TRADING FILINGS:
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    TODAY'S DIVIDEND CALENDAR:
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    THIS MORNING'S PRE-MARKET STOCK NEWS MOVERS:

    source: cnbc.com

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    • Facebook— Facebook announced the departure of Chief Product Officer Chris Cox and WhatsApp division head Chris Daniels. Cox said a shift in Facebook's focus would benefit from new leadership, although he did not explicitly mention CEO Mark Zuckerberg's move to emphasize private messaging.
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    • Oracle— Oracle reported adjusted quarterly profit of 87 cents per share, 3 cents a share above estimates. Revenue also beat Wall Street forecasts and the business software company forecast current-quarter revenue below estimates, citing the strengthening dollar.
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    • Adobe Systems— Adobe beat estimates by 9 cents a share, with adjusted quarterly earnings of $1.71 per share. The software provider's revenue also topped the Street, however Adobe issued lower-than-expected current-quarter guidance.
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    • Newell Brands— CEO Michael Polk will retire at the end of the second quarter after serving in that role since 2011. During Polk's tenure, the household goods company had been accused by activist investors Starboard Value and Carl Icahn of missteps, and eventually agreeing to give them board seats and accelerate a turnaround plan.
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    • Netflix—BMO Capital moved Netflix to "top pick," replacing Amazon, based on increased regulatory risk for Amazon and virtually none for Netflix.
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    • Jabil— Jabil came in 3 cents a share above estimates, with adjusted quarterly profit of 64 cents per share. The electronics manufacturer's revenue was essentially in line with expectations.
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    • Ulta Beauty— Ulta reported quarterly profit of $3.61 per share, 5 cents a share above estimates. The cosmetics retailer's revenue was slightly above analysts' forecasts. Comparable sales jumped 9.4 percent on an increase in customer traffic.
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    • Broadcom— Broadcom exceeded analysts' forecasts by 32 cents a share, with adjusted quarterly profit of $5.55 per share. The chipmaker's revenue came in below estimates, however, amid a slowdown in its China business.
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    • Apple— Apple responded to Spotify Technology's European Union complaint that it unfairly limits rivals to its own streaming music service, Apple Music. Apple said it had approved nearly 200 updates to Spotify's app, and only requested changes when Spotify tried to sidestep platform rules.
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    • MGM— The company's MGM China unit was granted a casino license extension in Macau until 2022, putting its expiration in line with rivals.
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    • Rent-A-Center— Rent-A-Center was within its rights to abandon a merger deal with private-equity firm Vintage Capital in 2018, according to a ruling by a Delaware state court. The rent-to-own company also says Vintage owes it a $126.5 million termination fee, but that issue has not been decided yet by the court.
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    • Zumiez—The action sports retailer earned $1.18 per share for its latest quarter, 7 cents a share above estimates. Revenue came in below analysts' forecasts and Zumiez forecast a current-quarter loss of 7 to 13 cents per share, compared with a consensus estimate of a 7 cents a share loss.
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    Have a happy trading day to everyone in here on this Friday! ;)
     
    Onepoint272 and Three Eyes like this.
  2. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    16,391
    Likes Received:
    5,323
    Crap. I completely for got to post this in here today.

    FWIW, starting in April my morning schedule will be changing, thus these pre-market news threads will effectively be discontinuing.

    I'm not sure know how many of you guys actually took the time to read these posts every morning(?) but they are quite time consuming to put mildly lol.

    I know I've been getting "likes" from @Three Eyes and @Onepoint272 pretty regularly though (thank you guys so much! i greatly appreciate it :cool:).

    I probably won't be back to posting these up on a "regular" morning basis again until we head into Fall season.

    Sorry about that. :(
     

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