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Today's Pre-Market News [Monday, June 10th, 2019]

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  1. bigbear0083

    bigbear0083 Content Manager
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    Today's Pre-Market News [Monday, June 10th, 2019]

    Good Day Stockaholics! Happy Monday! ;)

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    Today's Top Headlines for Monday, June 10th, 2019
    • U.S. futures were pointing to a higher Wall Street open, following the deal announced by President Donald Trump late Friday to avoid the imposition of tariffs on Mexico. The market is coming off its best weekly gains of 2019, with the Dow surging 4.7% last week to its highest level in a month. The Dow also broke its six-week losing streak, its longest in eight years. (CNBC)
    • The terms of the Trump-Mexico deal mostly consist of actions on immigration the U.S. and its southern neighbor actually agreed to months ago, reportedly in a secret meeting, well before the president’s original decision to threaten tariffs. (NY Times)
    • Mnuchin: Trump could renew tariff threat if Mexico doesn’t deliver on immigration (CNBC)
    • Mnuchin defends using punishing tariffs to solve security problems (CNBC)
    • Mnuchin: Trump is ‘perfectly happy’ to hit China with new tariffs if Xi meeting doesn’t go well (CNBC)
    • China remains silent on a possible meeting between Trump and Chinese President Xi Jinping at the G-20 meeting later this month, despite U.S. officials saying repeatedly that they expect the two leaders to talk. The two nations remain at a stalemate in their trade and economic disputes. (Reuters)
    • China’s May trade surplus surges much more than expected overall and with the US (CNBC)
    • ‘We’re at an impasse’ with China, says Canadian Finance Minister Morneau(CNBC)
    • On today’s economic calendar, the Labor Department issues its monthly JOLTS report, the measure of job opportunities and labor turnover, at 10 a.m. ET. There are no major earnings reports out today. (CNBC)
    • Raytheon (RTN) and United Technologies (UTX) announced they would merge in an all-stock deal, a tie-up that would create a behemoth in the defense and aerospace sectors. Shares of both companies were higher in the premarket. Calling it a “merger of equals,” UTX would own 57% of the new company while Raytheon would own 43% on a diluted basis. (CNBC)
    • How United Technologies-Raytheon merger could reshape the industry(CNBC)
    • Shares of Tableau Software were soaring more than 30% in the pre-market, after Salesforce (CRM) said on Monday it would buy the data analytics platform in an all-stock deal valued at $15.7 billion. Salesforce shares were under some pressure. (Reuters)
    • Tilray (TLRY) struck a deal with its majority shareholder, a Peter Thiel-backed fund, to sell the fund’s stake gradually over the next two years. Privateer Holdings, a cannabis-focused private equity fund, formed Canada-based Tilray in 2013. (CNBC)
    • AT&T (T) veteran John Stankey, who took over as WarnerMedia CEO a year ago, is in charge of making the $100 billion Time Warner bet work by getting to 70 million subscribers for WarnerMedia’s upcoming streaming service. (CNBC)
    • More than 180 CEOs have signed a letter opposing laws and regulations that restrict women’s reproductive healthcare, including abortion. The letter appears today as a full-page ad in The New York Times under the heading “Don’t Ban Equality.” (CNBC)
    • American Airlines (AAL) is extending cancellations, through Sept. 3, of flights involving Boeing’s (BA) 737 Max jets, which were grounded worldwide since mid-March after two fatal crashes. Boeing said it’s completed software changes for the planes but the FAA and its international counterparts have not signed off yet. (CNBC)
    • The House is expected to vote tomorrow on a civil contempt resolution against Attorney General WIlliam Barr and former White House counsel Don McGahn, in a bid to receive an unredacted copy of Robert Mueller’s Russia investigation. MCGahn also received executive privilege to shield him from talking to Congress or turning over documents. (NPR)
    • Democrats push ahead with hearings on Russia Probe (AP)
    • Hong Kong’s leader signaled today that her government will push ahead with amendments to extradition laws despite massive protests against them that underscored fears about China’s broadening footprint in the semi-autonomous territory. (Associated Press)
    • Former Red Sox slugger David Ortiz is in stable condition and recovering from a gunshot wound he suffered on Sunday in the Dominican Republic. Ortiz was a 10-time All-Star and three-time World Series champion with Boston. (USA Today)
    • A single $2 ticket sold in San Diego hit the $530 million Mega Millions jackpot. While California isn’t a bad place to win, the state does not tax lottery winnings, the lucky person (or group of people) won’t be able to remain anonymous. (CNBC)

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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:
    ($LULU $THO $AVGO $UXIN $HRB $RH $PLAY $HDS $FGP $LOVE $CHS $TLRD $SECO $DLTH $SHLO $ASNA $CPST $JW.A $AZRE $ADXS $CASY$LMNR $BBCP $NEPT $OXM $SPCB $DEST $TMDX $CBKC $TUFN $LIVX $RENN $SMMT $CRWS $UROV $CUP)
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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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    FRIDAY'S ANALYST UPGRADES/DOWNGRADES:
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    FRIDAY'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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    • United Technologies – United Technologies and Raytheon have announced a stock swap merger. Raytheon shareholders will receive 2.3348 shares for every share they now own, and the new company will be known as Raytheon Technologies.
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    • Salesforce.com – Salesforce will buy analytics platform company Tableau Software in an all-stock deal. Tableau shareholders will receive 1.103 Salesforce shares for each share they now hold, representing a 42 percent premium based on Friday’s closing prices.
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    • Tilray – The Canadian cannabis producer struck a deal with its largest shareholder, Privateer Holdings, to extend the lock-up on sales of Privateer’s shares and provide for an orderly disposition of the 75 million Tilray shares it holds. This will be accomplished through a so-called “downstream merger” in which Tilray will acquire Privateer.
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    • Dish Network – Dish is open to merging its satellite TV business with AT&T’sDirecTV unit, according to a Bloomberg report. There are currently no active talks about such a deal, however.
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    • Uber – Uber Chief Operating Officer Barney Harford has stepped down, according to a Reuters report, with CEO Dara Khosrowshahi eliminating the position to take more control of operations.
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    • Spark Therapeutics – Spark and Swiss drugmaker Roche have hit another delayin their planned combination. Roche said both companies have a Federal Trade Commission request for more information, and that U.K. regulators have opened a probe as well. Roche is planning to buy Spark for $4.3 billion.
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    • Microsoft – Microsoft has unveiled its next-generation Xbox videogame console. The company said the console will be 4 times more powerful than the current version and that it will hit store shelves during the 2020 holiday shopping season.
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    • Kraft Heinz – Kraft Heinz completed an internal investigation into its accounting prices and has also changed its financial practices as a result. Kraft Heinz saw its stock price take a hit when it revealed earlier this year that federal regulators were probing its finances.
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    • Molson Coors – Credit Suisse initiated coverage of the beer brewer with an “underperform” rating, saying the issue with the company is its brand portfolio rather than marketing or management, and that the situation is not likely to improve.
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    • Redfin – The online real estate website operator’s stock got a double upgrade to “overweight” from “underweight” at Stephens, based on valuation and the prospects for more e-commerce offerings in the real estate space.
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    • Analog Devices – The chipmaker’s stock also got a double upgrade, this one from Goldman Sachs. Goldman upgraded Analog Devices to “buy” from “sell,” saying the end of a cyclical correction is near and that the company has “idiosyncratic” revenue drivers.
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    Have a great trading day ahead to everyone in here on this Monday! ;)
     
    Three Eyes likes this.

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