Sage Investment Club

Good morning traders and investors of the r/stocks sub! Welcome to Thursday! Here are your pre-market stock movers & news on this Thursday, January the 12th, 2023-Stock futures advanced Thursday as investors awaited a key inflation report to assess the outlook for the Federal Reserve’s rate-hiking campaign.Futures linked to the Dow Jones Industrial Average gained 87 points, or 0.3%. S&P 500 futures were up 0.3%, while Nasdaq-100 futures added 0.2%.All eyes are on December’s consumer price index reading with the consensus forecast calling for a slight easing in price pressures.Economists expect the consumer price index to dip 0.1% for December but rise 6.5% year-over-year, compared to a 0.1% monthly gain in November and an annual pace of 7.1%, according to Dow Jones. The CPI is well off the 9.1% peak rate in June.Excluding food and energy prices, economists expect the CPI for December will be 0.3% higher than the prior month and 5.7% higher than a year ago.“Inflation should continue to decline, leading to an end to Fed rate hikes this spring, keeping interest rates in check, and buoying corporate profits,” Jeff Buchbinder, chief equity strategist at LPL Financial, said in a note.Stocks rallied Wednesday ahead of the inflation report as investors bet that the Fed could slow down its rate hikes in light of tamer prices. The Dow climbed more than 260 points, while the S&P 500 gained 1.3% with all 11 sectors ending the day higher. The tech-heavy Nasdaq Composite advanced 1.8% Wednesday, notching a four-day streak.STOCK FUTURES CURRENTLY:YESTERDAY’S MARKET MAP:TODAY’S MARKET MAP:YESTERDAY’S S&P SECTORS:TODAY’S S&P SECTORS:TODAY’S ECONOMIC CALENDAR:THIS WEEK’S ECONOMIC CALENDAR:THIS WEEK’S UPCOMING IPO’S:THIS MONTH’S EARNINGS CALENDAR:THIS WEEK’S EARNINGS CALENDAR:THIS MORNING’S PRE-MARKET EARNINGS CALENDAR:EARNINGS RELEASES BEFORE THE OPEN TODAY:EARNINGS RELEASES AFTER THE CLOSE TODAY:YESTERDAY’S ANALYST UPGRADES/DOWNGRADES:YESTERDAY’S INSIDER TRADING FILINGS:TODAY’S DIVIDEND CALENDAR:(CLICK HERE FOR TODAY’S DIVIDEND CALENDAR!)(NONE.)THIS MORNING’S STOCK NEWS MOVERS:Disney – Disney shares added more than 1% in early morning trading after the company elected independent director Mark Parker as Chairman of the board. It also opposed activist investor Nelson Peltz’s attempt to join the board as the two sides prepare for a proxy battle.STOCK SYMBOL: DISBed Bath & Beyond — The retailer advanced 16% premarket, continuing to rally after a handful of meme stocks surged Wednesday. The stock surged almost 69% in Wednesday’s session.STOCK SYMBOL: BBBYAmerican Airlines — The airline gained 5% after lifting its fourth quarter guidance, citing strong demand and high fares. American’s revenue forecast rose as much as 17% over 2019, up from a previous 11% to 13% increase. Other airlines gained in sympathy, with United, Delta and Southwest rising between 1.5% and 2%.STOCK SYMBOL: AALLogitech — The maker of mice and keyboards plummeted 16% after it missed earnings expectations for the recent quarter and slashed its sales outlook.STOCK SYMBOL: LOGINetflix — The streaming giant gained 1.4% after an upgrade by Jeffries to buy from hold. The Wall Street firm, which also boosted its price target to $385 from $310, said the launch of its advertising-based offering and crackdown on password stealing will drive revenue and EBTIDA above estimates.STOCK SYMBOL: NFLXAnheuser-Busch InBev – Shares lost 2.5% premarket after UBS cut the brewer to sell, citing weakness in China and consumers reaching for spirits instead of beer.STOCK SYMBOL: BUDRoku — The streaming stock slid 3.8% after Jefferies downgraded to an underperform rating, saying that consensus estimates are failing to account for a slowing advertising market.STOCK SYMBOL: ROKUCleveland-Cliffs — The steel producer gained 2.6% following an upgrade by Morgan Stanley to overweight from an equal-weight rating, saying that shares can rally 35%.STOCK SYMBOL: CLFKB Home — Shares dipped 3.4% after the homebuilder missed estimates for the recent quarter on the top and bottom lines. KB Home fourth-quarter earnings of $2.47 a share on $1.94 billion in revenue lagged analysts’ estimates of $2.86 per share on revenue of $1.98 billion.STOCK SYMBOL: KBHSpotify – Shares of the audio streaming company fell by about 2% premarket after a downgrade to hold from buy at Jefferies, which said it expects Spotify’s growth margins to fall below Wall Street expectations in the next two years.STOCK SYMBOL: SPOTCinemark – Shares gained 1.9% following an upgrade by analysts at JPMorgan to an overweight rating. The bank said that the movie chain looks attractive after its recent decline.STOCK SYMBOL: CNKFULL 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?I hope you all have an excellent trading day ahead today on this Thursday, January 12th, 2023! 🙂

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