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Today's Pre-Market News [Wednesday, Feb. 20th, 2019]

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  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    Today's Pre-Market News [Wednesday, Feb. 20th, 2019]
    Good Day Stockaholics! Welcome to Wednesday! ;)


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    Today's Top Headlines for Wednesday, February 20th, 2019
    • U.S. stock futures were pointing to a mostly lower open on Wall Street this morning after the Nasdaq logged its seventh straight session of gains. The S&P 500 advanced in six of the last seven sessions. The Dow was up four in the last five sessions. (CNBC)
    • U.S.-China trade talks continue in Washington today, with President Donald Trump signaling flexibility on the March tariff cease-fire deadline. Chinese state media warned that new U.S. tariffs on Chinese goods would be "catastrophic" for global stocks. (CNBC)
    • Investors get more insight into the Fed's thinking on the economy and interest rates, when the minutes from its January meeting are out at 2 p.m. ET. Meanwhile, weekly mortgage applications rose 3.6 percent, a sign of hope for the spring home buying season. (CNBC)
    • CVS Health (CVS) shares were sinking after the pharmacy giant reported better-than-expected earnings but missed estimates on revenue. CVS also warned on full-year earnings. CVS closed its $70 billion acquisition of health insurer Aetna in November. (CNBC)
    • A winter storm is expected to batter every state east of the Mississippi River, bringing snow and ice. Detroit, Chicago, Philadelphia, New York, and Washington should get the worst of the storm today. Airlines were already cancelling flights. (USA Today)
    • Russian President Vladimir Putin warned of a resolute response if the U.S. decides to station missiles in neighboring European countries. Earlier this month, the U.S. confirmed suspension of its participation in the decades-old Intermediate-Range Nuclear Forces Treaty. (CNBC)
    • The Trump administration wants California to pay back billions of dollars for the bullet train. California said the move was in response to the state suing the administration over the president's emergency declaration to pay for a wall along the U.S.-Mexico border. (AP)
    • The government's top ethics watchdog disclosed that it had refused to certify a financial disclosure report from Commerce Secretary Wilbur Ross. "I remain committed to complying with my ethics agreement," Ross said in a statement. (CNBC)
    • Tesla (TSLA) plans to launch a leasing option for its Model 3 automobile, according to clean energy website Electrek, citing a company email sent to employees saying they would be able to lease a Model 3 within two weeks. No word on when consumers will have that option.
    • Musk says Tesla won't be getting involved with cryptocurrency(CNBC)
    • Tesla chief Elon Musk expects the electric automaker to have the technology needed to essentially operate vehicles without drivers by year-end. Tesla's autopilot system has garnered both positive attention for its sophistication and negative attention for its association with accidents. (CNBC)
    • Southwest Airlines (LUV), alarmed by a spike in flight cancellations and delays in the past several days due to reported maintenance issues, has taken the unusual step of publicly apologizing to customers and blaming the mess on its mechanics' union. (USA Today)
    • Goldman Sachs downgrades Southwest because new Hawaii route could be too costly (CNBC)
    • Payless ShoeSource, which filed for bankruptcy protection Monday, hopes to keep its 2,500 U.S. stores open until at least the end of March and the majority until May. The liquidation will not impact its franchised or Latin American stores. (CNBC)
    • Microsoft (MSFT) said hackers targeted European think tanks and non-profit organizations, which often have contact with government officials. The attacks were carried out late last year through phishing campaigns to steal employee credentials and deliver malware. (CNBC)
    • Germany is not ready to exclude Huawei from its 5G network, a blow to U.S. efforts to persuade allies to ban the Chinese tech firm. In December, Canada arrested Huawei's CFO at the request of the U.S., which alleged bank and wire fraud in violation of American sanctions against Iran. (CNBC)
    • UK defense think tank warns that allowing Huawei into 5G network is 'irresponsible' (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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    THIS WEEK'S ECONOMIC CALENDAR:

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


    THIS WEEK'S EARNINGS CALENDAR:
    ($IQ $ORKU $WMT $CVS $BIDU $AAP $TTD $MDT $DPZ $DBX $GPC $HBC $SLCA $WIX $TSEM $CTB $KHC $HIMX $CSV $W $VIPS $TTS $BEAT$CTG $USAC $SAGE $RIG $OLED $EXAS $EXPD $AAWW $HFC $FTI $NBL $ET $WBT $NEO $ALLE $NBLX $ECL $GRMN $FELE $WLK)
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    THIS WEEK'S UPCOMING IPO'S:
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    THIS MORNING'S PRE-MARKET EARNINGS RELEASES:
    ($CVS $BHC $WIX $HFC $GRMN $ADI $OC $CHFS $SO $GVA $HSIC $I $NM $SAH $TRGP $BDC $WWW $VPG $CRNT $LMRK $AROC $OMI $NI$ESEA $LAMR $ILPT $GEL $CNDT $FMS $GCI $GLDD $QUAD $VNTR $ETR $GSS $IPHS $GTX)
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    THIS AFTERNOON'S POST-MARKET EARNINGS RELEASES:
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    EARNINGS RELEASES BEFORE TODAY'S MARKET OPEN:
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    EARNINGS RELEASES AFTER TODAY'S MARKET CLOSE:
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    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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    • CVS Health – CVS reported adjusted quarterly profit of $2.14 per share, beating the $2.05 consensus estimate. However, revenue fell short of forecasts, and CVS also gave a weaker than expected full year outlook due to deterioration in its long-term care business.
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    • Gannett – The USA Today publisher fell 2 cents a share short of estimates, with adjusted quarterly profit of 44 cents per share. Revenue also missed forecasts. Gannett notes improvement in its digital business and said it remains committed to a goal of achieving more than half its ad revenue from digital sources.
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    • Apple – The company is hoping to combine its apps for the iPhone, iPad, and Mac by 2021, according to a Bloomberg report.
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    • Wolverine World Wide – The maker of shoe brands like Sperry, Hush Puppies, and Saucony earned an adjusted 52 cents per share for its latest quarter, 3 cents a share above estimates. Revenue came in below forecasts, however, and the company's 2019 adjusted earnings forecast range falls largely below current consensus.
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    • Owens-Corning – The maker of insulation and other construction materials beat estimates by 12 cents a share, with adjusted quarterly profit of $1.38 per share. Revenue came in above estimates, as well.
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    • Southwest Airlines – Southwest is investigating a surge in maintenance-related flight disruptions, according to Chief Operating Officer Mike Van de Ven. He issued a statement saying the increase had come despite no change in the airline's maintenance programs or policies. Separately, Goldman Sachs downgraded the stock to "sell" from "neutral," citing both valuation and a deterioration of profit margins due to its new flights to Hawaii.
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    • NxStage — The Federal Trade Commission approved the acquisition of the U.S.-based home dialysis equipment maker by Germany's Fresenius Medical Care. The companies agreed to sell NxStage's bloodline tubing business in order to win approval for the $2 billion transaction.
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    • Tesla – Tesla is planning to launch a leasing option for its Model 3 automobile, according to the news website Electrek. The site quotes an email sent to employees saying they would be able to lease a Model 3 within two weeks, although it did not specify when consumers will have that option.
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    • Teva Pharmaceutical – Teva settled with the US in a case involving the drugmaker's agreements with rivals. The government had charged that those agreements kept cheaper generic drugs off the market.
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    • LendingClub – LendingClub reported adjusted quarterly profit of three cents per share, a penny a share above estimates. The online lender's revenue was slightly below Wall Street forecasts. The company's 2019 revenue forecast of $765 million to $795 million falls below the consensus estimate of $796 million.
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    • Herbalife Nutrition – Herbalife came in 2 cents a share, ahead of estimates with adjusted quarterly profit of 63 cents per share. The health products maker's revenue came in slightly below consensus, however. Herbalife also raised its sales growth forecast for 2019.
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    • Cadence Design – The maker of electronic design software reported adjusted quarterly profit of 52 cents per share, 5 cents a share above estimates. Revenue also beat Wall Street forecasts. Cadence gave stronger-than-expected earnings and revenue guidance for the current quarter and full year.
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    Have a great trading day ahead to everyone in here on this Wednesday! ;)
     
    Three Eyes likes this.

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