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Stocks Daily Review December 11, 2019

Stocks Daily Review for December 11, 2019 AutoZone shares jump 3.7% premarket after earnings beat estimates AutoZone Inc. shares rose 3.7% in premarket trade Tuesday, after the car parts retailer beat estimates for its fiscal first quarter. Memphis, Tenn.-based…   Macerich Shares Cross 11% Yield Mark In trading on Tuesday, shares of Macerich Co (NYSE:MAC) were yielding above the 11% mark based on its quarterly dividend (annualized to $3), with the stock changing hands as low as $26.98 on the day.   Saudi Aramco’s IPO raised a record $25.6 billion…

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News Regulators Stocks 

Stocks in Asia edge up ahead of Fed interest rate decision

“Stocks in Asia were little changed in Wednesday morning trade ahead of the U.S. Federal Reserve’s interest rate decision due later in the day stateside” writes Eustance Huang for cnbc.com. That comes as markets have been expecting a “phase one” trade deal to be reached between Washington and Beijing.Investors await the Fed’s final interest rate decision for the year, expected later Wednesday stateside, with expectations that the central bank will keep the rate on hold. Source: cnbc.com

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Markets News Stocks 

Stocks close lower on Wall Street ahead of tariff deadline

“The Russell 2000 index of smaller company stocks rose 0.1%” reports thebusinessjournal.com. (AP) — Stocks are closing slightly lower on Wall Street following reports that the U.S. may delay a new round of tariffs on Chinese goods .TRADE WOES: Stocks have been swinging for months on every hint of progress in trade talks between Washington and Beijing .Stocks held steady on Wall Street in afternoon trading Tuesday as investors considered reports that the U.S. will delay a new round of tariffs on Chinese goods.The sector is particularly sensitive to trade…

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Futures News Stocks 

Wheat futures climb as USDA forecasts lowest ending stocks in 5 years

“Wheat futures headed higher on Tuesday as the U.S. Department of Agriculture lowered its ending stocks forecast for the 2019/2020 marketing year by 40 million bushels to 974 million bushels, the lowest in five years” writes Markets Commodities Reporter for marketwatch.com. Meanwhile, the report left its U.S. corn supply and use outlook unchanged for the 2019/2020 marketing year. Source: marketwatch.com

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Earnings Preview: Navistar Q4 Earnings Expected to Decline

“The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate” writes Zacks Equity Research for nasdaq.com. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate.For Navistar, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company’s earnings prospects.Make sure to utilize our Earnings ESP Filter…

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News Stocks 

Jabil Earnings Expected to Grow: What to Know Ahead of Next Week’s Release

“The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate” writes Zacks Equity Research for nasdaq.com. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate.This is why it’s worth checking a company’s Earnings ESP and Zacks Rank ahead of its quarterly release.For Jabil, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting…

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News Stocks 

AutoZone Surpasses Q1 Earnings & Revenue Estimates

“Revenue: AutoZone posted revenues of $2.79 billion in the quarter, which beat the Zacks Consensus Estimate of $2.76 billion” writes Zacks Equity Research for nasdaq.com. The company reported first-quarter fiscal 2020 results, wherein adjusted earnings of $14.30 per share beat the Zacks Consensus Estimate of $13.69.Quote Zacks Rank: Currently, AutoZone carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.Check back later for our full write up on AutoZone earnings report!.  Source: nasdaq.com

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Stocks open lower as investors eye report of December tariff delay

“U.S. stocks opened slightly lower on Tuesday even after news reports indicated both Washington and Beijing were preparing to delay tariffs due to kick in on Dec. 15” writes Sunny Oh for marketwatch.com. Stock-market futures were trading sharply lower in the morning but shed their losses towards the opening bell. Source: marketwatch.com

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News Reviews Stocks 

Stocks Daily Review December 10, 2019

Stocks Daily Review for December 10, 2019 A manager of the No. 1 stock fund over the past 20 years attributes his success to a contrarian approach. He shares his most surprising calls, including why he prefers Samsung to Apple. Jason Subotky of Yacktman Asset Management explains his top calls, and how he chooses stocks for the No. 1 and 2 large cap funds of the past 20 years.   Stitch Fix shares rise 6% on revenue jump, names president Stitch Fix Inc. shares rose 6% in after-hours trading Monday…

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