(3/17) Wednesday’s Pre-Market Stock Movers & News
#Good morning traders and investors of the r/StockMarket sub! Welcome to Wednesday! Happy St. Paddy’s Day! Here are your pre-market stock movers & news on this Wednesday, March 17th, 2021-
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# [5 things to know before the stock market opens Wednesday](https://www.cnbc.com/2021/03/17/stocks-making-the-biggest-moves-in-the-premarket-lands-end-crowdstrike-plug-power-more.html)
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> # 1. Dow futures steady as bond yields rise but Nasdaq futures fall
> * Dow futures were steady Wednesday even as the 10-year Treasury yield jumped to a new 13-month high ahead of the Federal Reserve’s post-meeting release of new economic and interest rate projections and Chairman Jerome Powell’s news conference. However, Nasdaq futures slumped about 1%, in step with recent pressure when bond yields rise. The Dow Jones Industrial Average on Tuesday broke a seven-session winning streak, retreating from a record high close. The S&P 500 also fell from a record close, breaking five straight days of higher finishes. The Nasdaq bucked Tuesday’s trend and finished higher.
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> # 2. Powell needs to tamp down inflation concerns while defending policy
> * As bond yields rise on concerns about inflation, Powell needs to convince traders that easy current Fed monetary policy won’t overheat a recovering economy that just got another Covid stimulus boost. Central bankers get a new batch of housing data to consider at 8:30 a.m. ET. Economists expect February housing starts to drop 2.5% following a 6% decline in January. Building permits for February are seen falling 7% after January’s 10.4% gain. The Fed concludes its two-day March meeting Wednesday afternoon, with no one expecting any change in rates from near zero or any shift in the extraordinary measures designed to support growth during the coronavirus pandemic.
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> # 3. 15% of U.S. adults fully vaccinated; Trump touts shots to supporters
> * New daily Covid cases in the U.S., down about 80% from early January, continued to fall as immunity protection increases from vaccinations and high levels of prior infection. More than 15% of the U.S. adult population has been fully vaccinated, according to the Centers for Disease Control and Prevention. However, while heading in the right direction, health officials say those vaccination numbers need to go much higher to stomp out the disease, which killed an average of 1,285 people in America over the past seven days, according to Johns Hopkins University data.
> * Former President Donald Trump urged people to be vaccinated against the coronavirus, saying he would recommend it to “a lot of people that don’t want to get it, and a lot of those people voted for me.” However, in a Fox News interview Tuesday night, Trump acknowledged that people were free to decide for themselves whether to get shots.
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> # 4. White House sets low bar for Thursday’s U.S.-China meeting
> * The White House is setting low expectations ahead of Secretary of State Antony Blinken and national security advisor Jake Sullivan’s first face-to-face meeting with their Chinese counterparts in Anchorage, Alaska, on Thursday. According to a senior Biden administration official, the two sides won’t deliver a joint statement and no major announcements are expected.
> * Reflecting Washington’s concern about the erosion of Hong Kong’s rights, the U.S. sanctioned an additional 24 Chinese and Hong Kong officials over Beijing’s ongoing crackdown on political freedoms in the semi-autonomous city. China said the new sanctions expose America’s “sinister intention to interfere in China’s internal affairs, disrupt Hong Kong and obstruct China’s stability and development.”
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> # 5. Uber grants UK drivers worker status after losing labor battle
> * Uber will reclassify all U.K.-based drivers as workers, in the wake of losing a major labor battle there earlier this year. Under the new designation, more than 70,000 drivers in the U.K. will get some benefits, including a minimum wage, holiday time and pension contributions. However, they won’t receive full employee benefits. In a SEC filing, Uber said its U.K. ride-hailing business accounted for 6.4% of all mobility gross bookings in the fourth quarter of 2020. Shares of Uber fell more than 2% in U.S. premarket trading.
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#STOCK FUTURES CURRENTLY:
######(**[CLICK HERE FOR STOCK FUTURES CHARTS!](https://finviz.com/futures.ashx)**)
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#YESTERDAY’S MARKET MAP:
######(**[CLICK HERE FOR YESTERDAY’S MARKET MAP!](https://i.imgur.com/sT8pWtw.png)**)
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#TODAY’S MARKET MAP:
######(**[CLICK HERE FOR TODAY’S MARKET MAP!](https://finviz.com/map.ashx)**)
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#YESTERDAY’S S&P SECTORS:
######(**[CLICK HERE FOR YESTERDAY’S S&P SECTORS CHART!](https://i.imgur.com/VxwxPmu.png)**)
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#TODAY’S S&P SECTORS:
######(**[CLICK HERE FOR TODAY’S S&P SECTORS CHART!](https://finviz.com/groups.ashx)**)
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#TODAY’S ECONOMIC CALENDAR:
######(**[CLICK HERE FOR TODAY’S ECONOMIC CALENDAR LINK #1!](https://i.imgur.com/mq0s3UU.png)**)
######(**[CLICK HERE FOR TODAY’S ECONOMIC CALENDAR LINK #2!](https://i.imgur.com/K0yLJG2.png)**)
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#THIS WEEK’S ECONOMIC CALENDAR:
######(**[CLICK HERE FOR THIS WEEK’S ECONOMIC CALENDAR!](https://i.imgur.com/AUV1ojJ.png)**)
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#THIS WEEK’S UPCOMING IPO’S:
######(**[CLICK HERE FOR THIS WEEK’S UPCOMING IPO’S!](https://i.imgur.com/GhTB185.png)**)
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#THIS WEEK’S EARNINGS CALENDAR:
######(**[CLICK HERE FOR THIS WEEK’S EARNINGS CALENDAR!](https://i.imgur.com/1a03fHd.png)**)
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#THIS MORNING’S PRE-MARKET EARNINGS CALENDAR:
######(**[CLICK HERE FOR THIS MORNING’S EARNINGS CALENDAR!](https://i.imgur.com/5AmXsux.jpg)**)
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#EARNINGS RELEASES BEFORE THE OPEN TODAY:
######(**[CLICK HERE FOR THIS MORNING’S EARNINGS RELEASES!](https://i.imgur.com/tBEEry2.png)**)
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#EARNINGS RELEASES AFTER THE CLOSE TODAY:
######(**[CLICK HERE FOR THIS AFTERNOON’S EARNINGS RELEASES LINK!](https://i.imgur.com/OauywwU.png)**)
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#YESTERDAY’S ANALYST UPGRADES/DOWNGRADES:
######(**[CLICK HERE FOR YESTERDAY’S ANALYST UPGRADES/DOWNGRADES LINK #1!](https://i.imgur.com/VrDJwvI.png)**)
######(**[CLICK HERE FOR YESTERDAY’S ANALYST UPGRADES/DOWNGRADES LINK #2!](https://i.imgur.com/uvpqBtN.png)**)
######(**[CLICK HERE FOR YESTERDAY’S ANALYST UPGRADES/DOWNGRADES LINK #3!](https://i.imgur.com/xooHUvg.png)**)
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#YESTERDAY’S INSIDER TRADING FILINGS:
######(**[CLICK HERE FOR YESTERDAY’S INSIDER TRADING FILINGS LINK #1!](https://i.imgur.com/9OylGFJ.png)**)
######(**[CLICK HERE FOR YESTERDAY’S INSIDER TRADING FILINGS LINK #2!](https://i.imgur.com/hfdICri.png)**)
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#TODAY’S DIVIDEND CALENDAR:
######(**[CLICK HERE FOR TODAY’S DIVIDEND CALENDAR LINK #1!](https://i.imgur.com/SCN9WR1.png)**)
######(**[CLICK HERE FOR TODAY’S DIVIDEND CALENDAR LINK #2!](https://i.imgur.com/dvSZNYh.png)**)
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#THIS MORNING’S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:
* PLUG
* QQQ
* SKLZ
* LKNCY
* SPY
* PDD
* CRWD
* DIA
* UVXY
* SPX
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#THIS MORNING’S STOCK NEWS MOVERS:
######(**source: [cnbc.com](https://www.cnbc.com/2021/03/17/stocks-making-the-biggest-moves-in-the-premarket-lands-end-crowdstrike-plug-power-more.html)**)
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> **Lands’ End (LE)** – The apparel retailer reported quarterly earnings of 60 cents per share, topping the 56 cents a share consensus estimate. Revenue also topped analysts’ forecasts. Lands’ End forecast a smaller-than-expected loss for the current quarter and full-year earnings that exceed consensus. Its shares jumped 6.7% in premarket trading.
> #**STOCK SYMBOL:** LE
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=LE&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/LE)**)
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> **Lennar (LEN)** – Lennar reported quarterly earnings of $2.04 per share, beating the consensus estimate of $1.71 a share. The homebuilder’s revenue beat estimates as well, helped by low interest rates and solid demand. The company said that demand remains strong despite a recent rise in rates. Lennar added 1% in the premarket.
> #**STOCK SYMBOL:** LEN
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=LEN&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/LEN)**)
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> **Coupa Software (COUP)** – Coupa earned 17 cents per share for its latest quarter, compared to expectations of an 11 cents per share loss. The provider of financial management software’s revenue came in above forecasts, in spite of what the company calls a difficult macroeconomic environment. Coupa shares rose 2% in premarket trading.
> #**STOCK SYMBOL:** COUP
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=COUP&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/COUP)**)
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> **CrowdStrike (CRWD)** – CrowdStrike beat estimates by 5 cents a share, with quarterly earnings of 13 cents per share. Revenue came in above estimates as well. The security software company also issued an upbeat outlook. Its shares gained 4.9% in premarket action.
> #**STOCK SYMBOL:** CRWD
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CRWD&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/CRWD)**)
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> **Uber Technologies (UBER)** – Uber will grant its U.K. drivers employment status that will entitle them to vacation pay and pension contributions, after the ride-hailing service lost its final appeal of a case involving driver classification. Uber shares fell 1.6% in premarket trading.
> #**STOCK SYMBOL:** UBER
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=UBER&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/UBER)**)
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> **Plug Power (PLUG)** – Plug Power shares plunged 18.6% in the premarket after it said it will restate its financial results for 2018 and 2019, as well as some recent quarterly filings. The maker of fuel cells said it detected errors in how it accounted for a variety of non-cash items, but added that it did not find any misconduct.
> #**STOCK SYMBOL:** PLUG
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=PLUG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/PLUG)**)
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> **Coherent (COHR)** – The laser maker said it had received a revised takeover bid from optical components maker Lumentum (LITE) for $6.9 billion in cash and stock. This is the eighth bid for Coherent in a takeover contest involving Lumentum, II-VI (IIVI) and MKS Instruments (MKSI). Coherent’s stock jumped 3.7% in premarket trading.
> #**STOCK SYMBOL:** COHR
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=COHR&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/COHR)**)
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> **Pinduoduo (PDD)** – The China-based e-commerce company reported a 146% surge in quarterly revenue that beat analysts’ estimates. Pinduoduo also overtook Alibaba (BABA) as China’s largest e-commerce company, with 788.4 million active users in 2020 compared to Alibaba’s 779 million. Its stock initially surged in the premarket on the news, but then fell 5.8%.
> #**STOCK SYMBOL:** PDD
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=PDD&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/PDD)**)
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> **Baidu (BIDU)** – Baidu is set to raise about $3.1 billion from the China-based internet search company’s Hong Kong listing, according to people with direct knowledge of the matter who spoke to Reuters. Baidu had previously been expected to raise about $3 billion from the listing. Baidu shares fell 1.9% in the premarket.
> #**STOCK SYMBOL:** BIDU
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=BIDU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/BIDU)**)
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> **Micron Technology (MU)** – Micron plans to sell a Utah chip factory that made a type of memory chip called 3D Xpoint, which it jointly developed with Intel (INTC) in 2012. It plans to exit the 3D Xpoint market due to low demand from customers.
> #**STOCK SYMBOL:** MU
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=MU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/MU)**)
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> **Catalent (CTLT)** – Catalent plans a major expansion of Covid-19 vaccine production in Europe, according to people familiar with the matter who spoke to The Wall Street Journal. The contract drug manufacturer will double production of Johnson & Johnson’s (JNJ) vaccine by starting a new production line at an Italian plant during the fourth quarter.
> #**STOCK SYMBOL:** CTLT
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CTLT&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/CTLT)**)
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> **FirstEnergy (FE)** – First Energy confirmed that the utility had struck a deal with activist investor Carl Icahn, giving him two seats on the board and avoiding a potential proxy fight. The agreement had earlier been reported by The Wall Street Journal. FirstEnergy rose 1.4% in premarket trading.
> #**STOCK SYMBOL:** FE
> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=FE&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)
> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/FE)**)
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#**DISCUSS!**
What’s on everyone’s radar for today’s trading day ahead here at r/StockMarket?
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# **I hope you all have an excellent trading day ahead today on this Wednesday, March 17th, 2021! :)**
https://www.reddit.com/r/StockMarket/comments/m6zhuf/317_wednesdays_premarket_stock_movers_news/