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Today's Pre-Market News [Monday, April 22nd, 2019]

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  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    Today's Pre-Market News [Monday, April 22nd, 2019]

    Good Day Stockaholics! Happy Monday! ;)

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    Today's Top Headlines for Monday, April 22nd, 2019
    • Investors appear cautious ahead of the final seven trading days of April, with futures pointing to a lower open this morning after the S&P 500 logged its first weekly decline in four weeks. However, the Dow gained ground in last week’s holiday-shortened trading. (CNBC)
    • Meanwhile, the Dow was just 1% below its October record close. The S&P 500 was 0.9% shy of its September record close. The Nasdaq was 1.4% short of its August record close. But the Nasdaq 100 finished at an all-time high Thursday. (CNBC)
    • U.S. oil was spiking higher this morning, but not enough to exit correction territory, on reports that Washington plans to end sanctions waivers for Iranian crude. In November, the U.S. reimposed sanctions after President Donald Trump pulled out of the 2015 nuclear accord. (CNBC)
    • On the economic calendar, the National Association of Realtors issues March existing home sales at 10 a.m. ET. Among the companies out with earningsthis morning are Halliburton (HAL), Kimberly-Clark (KMB) and WW Grainger (GWW). Whirlpool (WHR) releases numbers after the closing bell. (CNBC)
    • Authorities lifted a curfew in Sri Lanka today, a day after a string of bombings at churches and luxury hotels across the Indian Ocean island killed 290 people and wounded about 500. Americans are among the dead. (Reuters)
    • Rep. Seth Moulton, the latest Democrat to enter the 2020 race, launched a presidential bid today focused on national security. The 40-year-old Marine combat veteran may be best known, perhaps, for his opposition to Speaker Nancy Pelosi. (NBC News)
    • Democratic presidential candidates diverge in how to respond to the Mueller report, with Elizabeth Warren calling for the impeachment of Donald Trump, Cory Booker saying not yet and Bernie Sanders calling for more congressional investigations. (WSJ)
    • House Democrats to decide soon whether to seek Trump impeachment (USA Today)
    • Tesla (TSLA) said it immediately sent a team to investigate an apparent explosion of one of its cars in Shanghai on Sunday. It’s not immediately clear which model was affected, but reports indicated the electric vehicle was parked at the time of the fire. (CNBC)
    • Tesla CEO Elon Musk plans to hold an investor event today, focusing the electric automaker’s self-driving efforts. Separately, Musk and the SEC asked a federal judge for more time to negotiate a settlement over recent Musk tweets. (MarketWatch)
    • Boeing (BA), whose 737 Max jets are grounded, defends itself against allegations in The New York Times over its 787 Dreamliner. The paper claims “shoddy production and weak oversight” at the jet maker’s South Carolina factory.
    • Samsung is postponing its China launch event for its foldable smartphone, just days after reports of defective screens on the $2,000 device. Journalists, including CNBC’s Todd Haselton, who reviewed the product over the past few weeks, reported issues with the screen. (CNBC)
    • China’s Huawei reported a 39 percent year-on-year increase in first-quarter revenue despite continued political pressure from nations including the U.S. The networking equipment maker said 5G deployment provides “unprecedented opportunities for growth.” (CNBC)
    • US attacks Huawei and China without its own 5G strategy (CNBC)
    • Nissan filed another criminal complaint against former Chairman Carlos Ghosn related to an aggravated breach of trust under Japan’s Companies Act. It’s the fourth charge since his arrested in November on suspicion of financial misconduct. Ghosn has denied all allegations. (Reuters)

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    STOCK FUTURES CURRENTLY:
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    LAST WEEKS' MARKET MAP:
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    LAST WEEK'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:
    ($AMZN $FB $BA $TWTR $MSFT $TSLA $T $SNAP $CAT $VZ $HAL $KO $PG $INTC $LMT $F $CLF $V $XLNX $CNC $PYPL $GWW $BIIB $STLD$UTX $CMG $UPS $ABBV $NOK $KMB $DPZ $MO $AAL $XOM $JBLU $SBUX $BMY $ANTM $LRCX $HOG $BOH $LUV $IRBT $NUE $FCX)
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    THIS WEEK'S UPCOMING IPO'S:
    NONE.


    THIS MORNING'S PRE-MARKET EARNINGS RELEASES:
    ($HAL $GWW $STLD $KMB $BOH $BMRC $AVX $ONB $LECO $IBCP $LII $CBU $TCF $HNI)
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    THIS AFTERNOON'S POST-MARKET EARNINGS RELEASES:
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    T.B.A.


    EARNINGS RELEASES BEFORE TODAY'S MARKET OPEN:
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    EARNINGS RELEASES AFTER TODAY'S MARKET CLOSE:
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    THURSDAY'S ANALYST UPGRADES/DOWNGRADES:
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    THURSDAY'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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    • Bed Bath & BeyondThe housewares retailer is reconstituting its board, with five independent directors stepping down and the company's founders and co-chairmen departing the board as well. Lead independent director Patrick Gaston has been named as the new chairman.
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    • Kimberly-ClarkThe consumer products company beat estimates by 12 cents a share, with adjusted quarterly profit of $1.66 per share. Revenue also beat Wall Street forecasts, helped by higher selling prices and cost reductions which helped offset higher commodity prices and currency headwinds.
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    • HalliburtonThe oilfield services company reported adjusted quarterly profit of 23 cents per share, a penny a share above estimates. Revenue also topped forecasts. Halliburton said it is seeing a broad-based recovery across its international markets, and added that it believes the worst in pricing deterioration is now behind it.
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    • Tesla CEO Elon Musk will hold an investor event at the automaker's California headquarters, focusing on Tesla's self-driving efforts. Separately, Musk and the SEC both asked a federal judge for more time to negotiate a settlement over the SEC's attempt to hold Musk in contempt of court for recent tweets. The company also said it immediately sent a team to investigate an apparent explosion of one of its cars that occurred in Shanghai on Sunday evening local time.
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    • Boeing Boeing's 787 Dreamliner is the subject of a New York Times articlethat raises safety concerns about the 787 Dreamliner due to what the paper calls "shoddy production and weak oversight" at the jet maker's South Carolina factory. Boeing told CNBC the story is "skewed and inaccurate."
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    • DR Horton DR Horton was downgraded to ""market perform" from "outperform" at Keefe Bruyette and Woods, with the firm citing valuation for its call. KBW's price target for the home builder's stock remains at $47 per share.
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    • T-Mobile US T-Mobile CEO John Legere has been trying to address the Justice Department's concerns over the wireless carrier's proposed merger with rival Sprint, according to a Bloomberg report. Legere is said to have met with antitrust division chief Makan Delrahim and others, amid reports that the department was set to reject the merger.
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    • Amazon Amazon confirmed earlier reports that it was launching an ad-supported free version of its Amazon Music service. Those reports had weighed on shares of rival Spotify.
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    • Kroger Kroger CEO Rodney McMullen told The Wall Street Journal that the grocery chain's strategy will help it grow again, despite challenges in the grocery business presented by Whole Foods owner Amazon and Walmart.
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    Have a great trading day ahead to everyone in here on this Monday! ;)
     

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