Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Today's Pre-Market Movers & News [Friday, March 27th, 2020]

Discussion in 'Pre-Market Movers & News' started by bigbear0083, Mar 27, 2020.

  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,325
    Likes Received:
    8,176
    Today's Pre-Market Movers & News [Friday, March 27th, 2020]

    Good Day Stockaholics! Happy Friday! ;)

    [​IMG]

    Today's Top Headlines for Friday, March 27th, 2020

    [​IMG]

    STOCK FUTURES CURRENTLY:
    [​IMG]

    YESTERDAY'S MARKET MAP:
    [​IMG]

    YESTERDAY'S S&P SECTORS:
    [​IMG]

    TODAY'S ECONOMIC CALENDAR:
    [​IMG]

    NEXT WEEK'S ECONOMIC CALENDAR:

    [​IMG]

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



    NEXT WEEK'S EARNINGS CALENDAR:
    [​IMG]

    NEXT WEEK'S UPCOMING IPO'S:
    [​IMG]

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
    ($SCWX $OCGN $AUTTO $MOGO $ALT $TELA)
    [​IMG]

    BEFORE TODAY'S MARKET OPEN EARNINGS RELEASES:
    [​IMG]

    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]

    YESTERDAY'S INSIDER TRADING FILINGS:
    [​IMG]

    TODAY'S DIVIDEND CALENDAR:
    [​IMG]

    THIS MORNING'S PRE-MARKET STOCK NEWS MOVERS:

    source: cnbc.com

    [​IMG]
    • Gap (GPS) – The parent of Gap, Old Navy, and Banana Republic pulled the full-year forecast that it had issued earlier this month and also suspended its dividend, as all its stores close due to the coronavirus outbreak. Gap also said it would draw down its entire $500 million credit facility. Separately, Moody’s downgraded credit ratings for both Gap (GPS) and fellow retailer Macy’s (M) to junk status.
    [​IMG]

    [​IMG]

    [​IMG]
    • KB Home (KBH) – KB Home reported quarterly earnings of 63 cents per share, beating consensus estimates by 18 cents, with the home builder’s revenue also above analyst forecasts. The quarter was driven by a 31 percent increase in orders and a 28 percent jump in deliveries. However, KB Home has also withdrawn its 2020 forecast given the uncertainty surrounding the COVID-19 pandemic.
    [​IMG]

    [​IMG]

    [​IMG]
    • Lululemon (LULU) – Lululemon beat estimates by 4 cents with quarterly earnings of $2.28 per share, with the athletic apparel maker’s revenue slightly above consensus. The company said sales saw a significant downturn during the 2nd week of this month, as the virus outbreak forced it to close its US and European stores.
    [​IMG]

    [​IMG]

    [​IMG]
    • Cheesecake Factory (CAKE) – The restaurant chain is furloughing about 41,000 hourly restaurant employees, cut pay for corporate employees by 10 to 20 percent, and said it was in talks with landlords about its rent obligations. The moves to deal with the virus outbreak were detailed in an SEC filing.
    [​IMG]

    [​IMG]

    [​IMG]
    • WW International (WW) – Morgan Stanley upgraded the Weight Watchers parent to “overweight” from “equal-weight” at Morgan Stanley, which expects an increased focus on health, wellness, and weight loss post-COVID-19, following weeks of limited physical activity and stress eating.
    [​IMG]

    [​IMG]

    [​IMG]
    • Toyota Motor (TM) – The automaker is seeking a $9.2 billion credit line from its bankers, according to a report by Japan’s Kyodo News. Toyota would not confirm the story, saying only that it continuously evaluates its fundraising needs but did not have anything to announce.
    [​IMG]

    [​IMG]

    [​IMG]
    • United Technologies (UTX), Raytheon (RTN) – The defense contractors received Justice Department approval to proceed with their planned merger, subject to certain divestiture conditions. The deal was first announced last June and would be the defense sector’s largest-ever merger.
    [​IMG]

    [​IMG]

    [​IMG]
    • Facebook (FB) – Facebook said independent director Jeffrey Zients would not seek re-election to the board. Former Deputy Treasury Secretary Robert Kimmitt will take Zients’ place on the social media giant’s board.
    [​IMG]

    [​IMG]
    • Cal-Maine Foods (CALM) - The nation’s largest egg producer is on watch as egg prices continue to soar as consumers stock up on staples in the wake of the virus outbreak. Wholesale egg prices have tripled since early March.
    [​IMG]

    [​IMG]

    [​IMG]
    • Hertz Global (HTZ) – Hertz is reportedly in talks with banks to raise cash, as it tries to deal with impact of the virus outbreak. A Bloomberg report said the rental car company is considering several options, including collateralizing the company’s vehicle fleet.
    [​IMG]

    [​IMG]

    [​IMG]
    • Deere (DE) – JPMorgan Chase upgraded the heavy equipment maker’s stock to “neutral” from “underweight” on a valuation basis, although it remains cautious due to structural challenges in the agriculture sector.
    [​IMG]

    [​IMG]

    [​IMG]
    • Home Depot (HD) – The home improvement retailer was upgraded to “buy” from “hold” at Loop Capital, which feels Home Depot will be less impacted by the coronavirus outbreak than most retailers.
    [​IMG]

    [​IMG]

    [​IMG]
    • Ross Stores (ROST) – Deutsche Bank named the discount retailer a “Top Pick”, projecting an upside of 20 percent for the off-price apparel sector.
    [​IMG]

    [​IMG]

    Have a happy trading day to everyone in here on this Friday! ;)
     

Share This Page