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Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement The trade war is complicating China's efforts to fix its economy European markets set for a strong open amid earnings; Google in focus Hedge fund billionaire Einhorn places sixth in major poker tournament The biggest spender of political ads on Facebook? 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That’s what PwC says ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit China’s fintech companies offer ‘enormous’ opportunity, investment manager says Trump's performance at summit with Putin was 'unprecedented,' experts say Walmart and Microsoft link up on cloud technology as they both battle Amazon European stocks seen mixed amid earnings; Fed’s Powell to address Congress How I knew I should quit my day job and run my start-up full-time: Viral website founder China's stocks have been trounced, but the trade war may ultimately be good news for those shares Billionaire tech investor Peter Thiel bets on crypto start-up Block.one Asian shares subdued open after mixed close on Wall Street; energy stocks under pressure Amazon cloud hits snags after Amazon Prime Day downtime Netflix isn't doomed by one quarter unless people start questioning the long-term investor thesis Tech stocks set to sink on Tuesday after rough evening for ‘FANG’ Netflix plummets after missing big on subscriber growth This wristband lets humans control machines with their minds The U.S. has a rocky history convincing Russia to extradite computer criminals Amazon suffers glitches at the start of Prime Day Jeff Bezos is now the richest man in modern history 'The United States has been foolish': Read Trump and Putin's full exchange Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation Goldman Sachs releases 'tactical' stock picks for this earnings season Three red flags for Netflix ahead of its earnings report The bond market may be raising recession fears, but don't expect one anytime soon Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis Putin told Trump at summit: Russia never meddled in US election

Investment

Stocks making the biggest moves premarket: LOW, HRL, MDT, DSW, CPB, T & more

Check out which companies are making headlines before the bell:

Lowe’s – The home improvement retailer earned $1.05 per share for the third quarter, three cents a share above estimates. Revenue topped forecasts, and comparable-store sales were up 5.7 percent compared to the Thomson Reuters consensus of a 4.6 percent increase. Like rival Home Depot, Lowe’s benefited from extra sales related to the quarter’s hurricanes.

Hormel – The food company edged estimates by a penny a share, with quarterly profit of 42 cents per share. Revenue also came in above estimates and Hormel announced it would merge its grocery and specialty foods businesses.

Medtronic – The medical device maker earned an adjusted $1.07 per share for its latest quarter, nine cents a share above estimates. Revenue came in above forecasts, as well. The beat comes despite declines related to the sale of a unit to Cardinal Health, the quarter’s hurricanes, and the California wildfires.

DSW – The shoe retailer fell eight cents a share shy of consensus estimates, with adjusted quarterly profit of 45 cents per share. Revenue fell short of expectations and comparable-store sales posted an unexpected decline. DSW is among the companies saying its sales were negatively impacted by the quarter’s hurricanes.

Campbell Soup – The food company reported adjusted quarterly profit of 92 cents per share, five cents a share shy of estimates. Revenue also missed forecasts and Campbell said higher costs for logistics, transportation, and carrots impacted its bottom line.

Dollar Tree – The discount retailer earned $1.01 per share for the third quarter, 11 cents a share above estimates. Revenue and comparable-store sales also beat Street forecasts.

AT&T — The Justice Department sued AT&T to block its proposed $85.4 billion acquisition of Time Warner. The suit claims the deal would raise prices for consumers and would slow the transition to other distribution models. AT&T said the move was a “radical” departure from decades of antitrust regulation.

Intuit – Intuit reported adjusted quarterly profit of 11 cents per share, six cents a share above estimates. The financial software company’s revenue also above forecasts. The results were helped by more subscriptions for the company’s QuickBooks Online service, but the shares are being pressured by a forecast which was merely in line with analysts’ estimates.

Urban Outfitters – Urban Outfitters came in eight cents a share above estimates, with quarterly profit of 41 cents per share. The apparel retailer’s revenue beat estimates, as well. Urban Outfitters also gave investors a pleasant surprise with an unexpected increase in comparable-store sales.

Palo Alto Networks – Palo Alto reported adjusted quarterly profit of 74 cents per share, five cents a share above consensus estimates. Revenue also came in ahead of analysts’ forecasts. The cybersecurity services company is among those in its field that have seen increased business since the Equifax data breach and ransomware attacks.

Broadcom – Broadcom would make major changes to Qualcomm’s controversial patent licensing business if its bid to acquire its rival chip maker is successful, according to The Wall Street Journal. Broadcom has not made it clear, however, exactly how it would change that business.

Dish Network – The satellite TV provider’s customers are without CBS television stations, with the two sides unable to reach a new carriage agreement. Dish said CBS refused to extend the contract while talks continue — CBS accused Dish of punishing its subscribers rather than negotiate a fair deal.

BHP Billiton – The mining company and Brazilian partner Vale received a 150-day extension to negotiate a settlement of a $48 billion damage claim related to the 2015 Samarco mine disaster which killed 19 people.

21st Century Fox – Fox struck a $90 million dollar settlement of a shareholder lawsuit, stemming from the sexual harassment scandal at Fox News channel. The defendants – which included Fox officers and directors – did not admit wrongdoing in agreeing to the settlement.

Mellanox Technologies — Activist investor Starboard Value acquired a 10.7 percent stake in the high-speed computing company and urged it to explore a potential sale. Starboard said the company is spending too much on research and development and other expenses compared to its peers. Mellanox said it welcomed Starboard’s input.

Deere – Deere was upgraded to “outperform” from “neutral” at RW Baird, which cites stronger than expected demand for Deere’s heavy equipment.

Source: Investment Cnbc
Stocks making the biggest moves premarket: LOW, HRL, MDT, DSW, CPB, T & more

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