Apple, JD.Com Fall as U.S. Stocks Come Under Pressure Again
Here We Go Again. Trade, Apple (ticker: AAPL) and earnings are on the agenda today-as they often are. Vice President Mike Pence had strong words for China at the Asia Pacific Economic Cooperation meeting. The Wall Street Journal reported that Apple has cut production for all three new iPhone models. And more retailers like Target (TGT), Lowe’s (LOW) and Kohl’s (KSS) report third-quarter numbers ahead of Black Friday. Overseas stocks were mixed Monday morning and U.S. futures were lower. Dow Jones Industrial Average futures were 0.3% lower, while S&P 500 and Nasdaq Composite futures both weakened 0.4%.In today’s Morning Movers, we…
And Now For Something Completely Different:ColfaxCFXDanaherDHRGeneral ElectricThe Latest on Trade:And Last but Not Least on Earnings:Best BuyTargetTGTKohl’sKSSMedtronicNordstrom
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Cimarex Energy (XEC) is down 5.4% to $83.94 on news it will acquire Resolute (REN), up 8.9% to $33.20, for $35 a share.
JD.com (JD) fell 2.6% to $22.45 after reporting third-quarter earnings. The Chinese tech giant earned 0.80 yuan a share on revenue of 104.77 billion yuan. Analysts were looking for 0.67 yuan a share on revenue of 105.93 yuan. For the fourth quarter, it sees revenues of 130 billion to 135 billion yuan, compared with the 135.68 yuan consensus.
JetBlue Airways (JBLU) weakened 1.6% to %17.75 after Credit Suisse initiated coverage with an Underperform rating.
Kirkland Lake Gold (KL) is up 1% to $19.15 on several management changes, including naming a new chief financial officer.
Robert Half International (RHI) is down 2.6% to $61.35 after Barclays double-downgraded the stock to Underweight from Overweight.
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