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Today's Pre-Market Movers & News [Monday, January 13th, 2020]

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  1. bigbear0083

    bigbear0083 Content Manager
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    Today's Pre-Market Movers & News [Monday, January 13th, 2020]

    Good Day Stockaholics! Welcome to Monday! ;)

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    Today's Top Headlines for Monday, January 13th, 2020
    • U.S. stock futures were pointing to a Wall Street rebound this morning that would erase most of Friday’s losses, ahead of this week’s signing of a U.S.-China phase one trade deal. The major averages set record intraday highs early in Friday’s session, with the Dow topping 29,000 for the first time, but then slid the rest of the day to finish lower. Nonetheless, the S&P 500 has posted weekly gains in six of the past seven weeks, while the Nasdaq is up for five straight weeks. (CNBC)
    • U.S.-China trade war taking a toll, but a minor one: Much of economy unscathed (WSJ)
    • No major economic reports are due today, but three Fed officials are set to make public appearances during trading hours: Boston Fed President Eric Rosengren, Atlanta Fed President Raphael Bostic and Minneapolis Fed President Neel Kashkari. Meanwhile, no earnings reports are on today’s calendar. (CNBC)
    • Boeing’s (BA) new Chief Executive David Calhoun assumes the job today as the U.S. planemaker battles to recover from two fatal crashes of 737 Max planes that killed 346 people in five months and led to the model’s worldwide grounding in March. Calhoun was named CEO in December after the board stripped Dennis Muilenburg of the title. (Reuters)
    • Mnuchin: Boeing 737 Max crisis could slow US growth by a half point in 2020 (CNBC)
    • President Donald Trump authorized the killing of Iranian Gen. Qassem Soleimani seven months ago if Iran’s increased aggression resulted in the death of an American, NBC News reported. The presidential directive in June came with the condition that Trump would have final sign-off on any specific operation to kill Soleimani, officials said.
    • Defense Secretary Esper ‘didn’t see’ specific evidence of Trump claim that Iran planned embassy attacks (CNBC)
    • Trump expressed solidarity with Iranian protesters as they took to the streets of Tehran over the weekend, after the Islamic Republic admitted it accidentally shot down a Ukraine-bound airliner, killing all 176 people on board the Boeing aircraft. Trump also warned the Iranian government that the “world is watching.
    • Iran denies shooting at protesters amid fury over downing of passenger plane (Reuters)
    • The U.S. has reportedly reached out to North Korea to restart diplomatic talks that stalled last October. Washington wants to get negotiations with Pyongyang “back on track” and implement leader Kim Jong Un’s “commitment” to the denuclearization of the Korean Peninsula, White House national security advisor Robert O’Brien told Axios. (CNBC)
    • Democratic presidential candidate Pete Buttigieg was endorsed by veteran Iowa Congressman Dave Loebsack, just three weeks before the party’s nominating contest begins in Iowa on Feb. 3. Sen. Bernie Sanders gained the support of an influential labor union in New Hampshire, which holds the second primary contest. (Reuters)
    • Britain’s Queen Elizabeth II is set to hold talks today with Prince Harry for the first time since he and his wife, Meghan, unveiled their controversial plan to walk away from royal roles, a dramatic family summit meant to chart a future course for the couple. Harry and Meghan announced last week they wanted to “step back” as senior royals. (AP)
    • Japanese billionaire Yusaku Maezawa is looking for a female “life partner” to accompany him on Space X’s maiden tourist voyage to the Moon. Meanwhile, Maezawa is due to announce which of his Twitter followers will receive a share of the $9 million he promised to give away as part of a social experiment. (BBC and CNBC’s Make It)

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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:
    ($JPM $APHA $BAC $DAL $UNH $C $WFC $INFO $GS $BLK $PNC $FRC $USB $SLB $PPG $FAST $WIT $LMNR $KSU $TSM $WNS $SJR $AA $BK $CSX $MS $JBHT $HOMB $SCHW $RF $OGI $STT $BBCP $CFG $HWC $WAFD $PRGS $EGBN $OZK $BEDU $PBCT $FHN $INDB $VOLT $BMTC)
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    THIS WEEK'S UPCOMING IPO'S:
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    THIS MORNING'S PRE-MARKET EARNINGS RELEASES:
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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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    • Lululemon (LULU) – The apparel maker raised its earnings and revenue guidance for the fourth quarter, citing holiday season momentum. Lululemon now expects a profit of $2.22 to $2.25 per share for the quarter, compared to a previous range of $2.10-$2.13 and a consensus estimate of $2.15.
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    • Anixter International (AXE) – The networking products maker agreed to a $100 per share cash-and-stock takeover by Wesco International (WCC), ending a back-and-forth bidding war between Wesco and private equity firm Clayton Dubilier & Rice. Clayton Dubilier first offered $82 per share for Anixter and raised its bid several times, but has now waived its right to match Wesco’s latest offer.
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    • Boeing (BA) – Former CEO Dennis Muilenburg will receive $62 million in incentives, stock awards, and pension benefits, but forfeited $14.6 million in pay and will not receive any severance after being fired last month.
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    • Tesla (TSLA) – Major stakeholder Baillie Gifford considered selling its 10% stake the automaker last year after a series of setbacks, according to an executive of the fund management group who spoke to The Times of London. The executive told the paper that while the case to keep the stake was “debatable,” the case against it wasn’t strong enough to sell. Separately, Oppenheimer raised its price target on the stock to $612 per share from $385, based on Tesla reaching scale sufficient to support positive free cash flow.
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    • Ford (F) – Ford sales in China fell 26.1% in 2019, marking the third consecutive year of sales declines in that country. Sales had fallen 37% in 2019 and 6% in 2017. Ford did say its market share in the premium segment stabilized during the year.
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    • Goldman Sachs (GS) – JMP Securities upgraded Goldman to “market outperform” from “market perform,” saying the company is in the early stages of the most meaningful transformations in the financial services industry.
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    • Newmont Goldcorp (NEM) – Newmont Goldcorp was upgraded to “buy” from “neutral” at B Riley FBR, which expects the mining company to outperform its large-cap gold peers.
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    • General Electric (GE) – GE was named a “catalyst call” buy at Deutsche Bank, which thinks the company could post a better-than-expected fourth quarter as well as upbeat guidance when it issues its next earnings report on Jan. 29.
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    • IBM (IBM) – IBM was downgraded to “in line” from “outperform” at Evercore ISI, pointing to macro headwinds as well as market circumstances that set up a difficult first half of 2020.
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    • Fiat Chrysler (FCAU) – The Peugeot family plans to raise the 6.2% stake it will have in the planned combination of Peugeot Parent PSA and Fiat Chrysler as soon as possible, according to a family representative quoted in a French newspaper.
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    • Teladoc Health (TDOC) – Teladoc Health will acquire privately held InTouch Health for $600 million, in a combination of virtual health-care companies.
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    Have a great trading day ahead to everyone in here on this Monday! ;)
     

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