Good morning traders and investors of the r/stocks sub! Welcome to Tuesday! Here are your pre-market stock movers & news on this Tuesday, November the 15th, 2022-
Dow futures jump 200 points after strong Walmart earnings, inflation data ahead
Stock futures rose Tuesday as traders looked ahead to the release of more key U.S. inflation data.
Futures tied to the Dow Jones Industrial Average rose 206 points, or 0.6%. S&P 500 futures and Nasdaq-100 futures gained 1% and 1.5%, respectively.
Walmart shares jumped in premarket trading after the company beat Wall Street earnings and revenue estimates and boosted full-year guidance. Home Depot reported strong results too but kept guidance in place for the full-year. Its shares dipped slightly.
The producer price index, which measures wholesale inflation, is set for release at 8:30 a.m. ET. The report comes after the latest consumer price index data showed signs of inflationary pressure abating last month, thus sparking a sharp rally to end trading last week.
“After last week’s CPI undershoot prompted a huge equity rally & reversal in the Dollar, the critical topic for markets this week will be the Fed’s reaction,” wrote Huw Roberts, head of analytics at Quant Insight, in a Monday note.
Federal Reserve governors Christopher Waller and Lael Brainard spoke Sunday and Monday, respectively, about the potential future path of monetary policy. Waller said the market was overly optimistic and should brace for higher rates, while Brainard said the central bank could ease off rate increases.
Philadelphia Fed President Patrick Harker, Fed Governor Lisa Cook and Fed Vice Chair for Supervision Michael Barr are set to speak Tuesday.
Elsewhere, Taiwan Semiconductor, Louisiana-Pacific and Paramount jumped after regulatory filings showed that Warren Buffett’s Berkshire Hathaway had bought new positions in the first two, and raised its stake in the last.
Earnings season continues this week with retail reports from Target, Lowe’s, Bath and Body Works, Macy’s, Kohl’s and Foot Locker on deck.
STOCK FUTURES CURRENTLY:
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YESTERDAY'S MARKET MAP:
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TODAY'S MARKET MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'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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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
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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 STOCK NEWS MOVERS:
(source: cnbc.com)
Walmart (WMT) – Walmart shares surged 6.9% in the premarket after the retailer reported better-than-expected quarterly profit and revenue, and also saw comparable store sales exceed estimates. Walmart also announced a $20 billion share repurchase program.
STOCK SYMBOL: WMT
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Vodafone (VOD) – Vodafone slid 4.1% in premarket trading after the mobile operator cut its earnings guidance and cash flow forecast, pointing to a challenging economic environment.
STOCK SYMBOL: VOD
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Getty Images (GETY) – Getty Images slumped 11.8% in the premarket after its quarterly revenue fell short of Wall Street forecasts, although the visual content marketplace operator did see earnings top consensus.
STOCK SYMBOL: GETY
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Home Depot (HD) – Home Depot fell 1.1% in the premarket, after beating top and bottom line estimates for its latest quarter but merely reaffirming its full-year earnings forecast.
STOCK SYMBOL: HD
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Energizer Holdings (ENR) – The maker of Energizer and Rayovac batteries saw its stock surge 10% in premarket action following better-than-expected quarterly results. Energizer’s results came despite what the company calls a volatile operating environment with significant headwinds.
STOCK SYMBOL: ENR
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Taiwan Semiconductor (TSM) – Taiwan Semiconductor rallied 10.9% in off-hours trading after Berkshire Hathaway (BRKb) disclosed in a Securities and Exchange Commission filing that it had bought more than $4.1 billion of the chip maker’s stock during the third quarter.
STOCK SYMBOL: TSM
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Bath & Body Works (BBWI) – Bath & Body Works rose 2.8% in the premarket after investor Dan Loeb’s Third Point revealed a $265 million purchase in the retailer’s stock in its quarterly SEC filing.
STOCK SYMBOL: BBWI
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Estee Lauder (EL) – Estee Lauder is close to a deal to buy high-end fashion company Tom Ford for roughly $2.8 billion, according to people familiar with the matter who spoke to The Wall Street Journal. It would be the cosmetics company’s largest-ever acquisition. Estee Lauder rose 2.1% in the premarket.
STOCK SYMBOL: EL
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Tencent Music (TME) – Tencent Music surged 9.7% in premarket action after reporting better-than-expected quarterly profit and revenue. The China-based music streaming service benefited from an increase in the number of paying subscribers.
STOCK SYMBOL: TME
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FULL DISCLOSURE:
/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.
DISCUSS!
What's on everyone's radar for today's trading day ahead here at r/stocks?
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