Good Friday morning traders and investors of the r/stocks sub! Welcome to the final trading day of the week. Here are your pre-market movers & news this AM-
S&P 500 futures inch higher to close out upbeat week
U.S. stock futures inched cautiously higher on Friday ahead of a shortened trading session.
Futures on the Dow Jones Industrial Average rose 40 points, or 0.12%. S&P 500 futures added 0.07% and Nasdaq 100 futures slipped 0.17%, weighed down by shares of Activision Blizzard, which fell in premarket trading on news that the FTC could block Microsoft from taking over the gaming company.
Wall Street looks set to close out an upbeat holiday-shortened week, after the Federal Reserve’s latest meeting minutes added to expectations that monetary policy tightening may slow down.
Minutes from the Fed’s November meeting signaled that the central bank is seeing progress in its fight against high inflation and is looking to slow the pace of rate hikes.
“A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,” the minutes stated.
Stocks jumped on the news Wednesday, notching the second consecutive day of gains in a week marked by choppy trading and low volumes.
Markets were closed on Thursday for the Thanksgiving holiday and will close at 1 p.m. ET on Friday.
STOCK FUTURES CURRENTLY:
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WEDNESDAY'S MARKET MAP:
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TODAY'S MARKET MAP:
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WEDNESDAY'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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NEXT WEEK'S ECONOMIC CALENDAR:
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NEXT WEEK'S UPCOMING IPO'S:
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NEXT WEEK'S EARNINGS CALENDAR:
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(T.B.A. THIS WEEKEND.)
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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WEDNESDAY'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)
Activision Blizzard (ATVI) – Activision Blizzard slid 3.3% in premarket trading after Politico reported the Federal Trade Commission is likely to sue to block Microsoft’s $69 billion purchase of the videogame publisher.
STOCK SYMBOL: ATVI
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Tesla (TSLA) – Tesla said its Full Self Driving Beta software is now available to everyone in North America. The announcement comes as Tesla still awaits regulatory approval for cars to be driven without human control. Tesla rose 2% in premarket trading.
STOCK SYMBOL: TSLA
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Manchester United (MANU) – The soccer team’s shares rallied another 10.8% in premarket action, following reports earlier in the week that it was considering strategic options, including a possible sale. Manchester United Shares jumped 14.7% Tuesday and rocketed 25.8% on Wednesday.
STOCK SYMBOL: MANU
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Bed Bath & Beyond (BBBY) – The housewares retailer is struggling to keep its stores stocked, according to a report in the Wall Street Journal. The paper cites analytics company DataWeave numbers showing more than 40% of the retailer’s products were out of stock in October. Nonetheless, the stock rose 1% in the premarket.
STOCK SYMBOL: BBBY
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Deutsche Bank (DB) – The German bank’s U.S.-traded shares added 2.4% in the premarket, following a report by RBC Capital that said Deutsche Bank’s restructuring progress has been overlooked by investors.
STOCK SYMBOL: DB
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Coupa Software (COUP) – The business software provider’s stock jumped another 2.7% in the premarket, on top of its 28.9% Wednesday surge, following a Bloomberg report that private equity firm Vista Equity Partners was considering a buyout of Coupa.
STOCK SYMBOL: COU[P
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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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