Market Under Pressure this morning, here are some of the early movers: $ALTR, $CAG, $BIO, $FIVE, $FB, $WYNN, $DRI, $ARNA, $MIK

PRE-MARKET MOVERS

1. ALTR:  $ALTR Altair Engineering Tops Q4 EPS by 12c, Beats on Revs; Offers FY18 Rev Outlook Above Consensus

2. CAG:  $CAG Conagra gets profit boost from frozen foods sales, fewer discounts – Reuters

3. VUZI:  $VUZI Vuzix Corp. Provides Business Update in Response to ‘Misinformation’ – SI

5. FIVE:  $FIVE Five Below, Inc. Announces Fourth Quarter and Fiscal 2017 Financial Results – GN

6. WYNN:  $WYNN Wynn Cuts Stake in Casino Company After Settlement With Ex-Wife – BBG

7. FB:  $FB Zuckerberg’s Crisis Response Fails to Quiet Critics – BBG

8. ACN:  $ACN Accenture beats profit and revenue expectations, raises outlook – MW

9. AXDX:  $AXDX Accelerate Diagnostics Inc. Announces $150 Million Convertible Notes Offering – SI

10. JKS:  $JKS JinkoSolar Announces Fourth Quarter and Full Year 2017 Financial Results

11. DRI:  $DRI Olive Garden Owner Darden Restaurants Tops On Earnings, But Sales Light – IBD

12. ARNA:  $ARNA Arena Pharma Prices 8.5M Share Common Offering at $41.50/Sh – SI

13. MIK:  $MIK Michaels Cos. Reports In-Line Q4 EPS, Guidance Misses Views – SI

DOWNGRADES

EARNINGS

Trending Social Alerts

Trending News Headlines

Best Buy Co Inc, the largest U.S. consumer electronics retailer, will cut ties with China’s Huawei Technologies Co Ltd, a person familiar with the matter said, amid heightened scrutiny on Chinese tech firms in the United States.

Big internet companies and small software developers alike are likely to face scrutiny over how they share customer information in the wake of the scandal involving Facebook Inc and the British election consulting firm Cambridge Analytica.

Junk bond:  Bond with a speculative credit rating of BB (S&P) or Ba (Moody’s) or lower. Junk or high-yield bonds offer investors higher yields than bonds of financially sound companies. Two agencies, Standard & Poors and Moody’s Investor Services, provide the rating systems for companies’ credit

 

Quick ratio: Indicator of a company’s financial strength (or weakness). Calculated by taking current assets lessinventories, divided by current liabilities. This ratio provides information regarding the firm’s liquidity and ability to meet its obligations.

 

Short squeeze: When a lack of supply tends to force prices upward. In particular, when prices of a stock orcommodity futures contracts start to move up sharply and many traders with short positions are forced to buystocks or commodities in order to cover their positions and prevent (limit) losses. This sudden surge of buying leads to even higher prices, further aggravating the losses of short sellers who have not covered their positions.

Target Leverage Ratio: The ratio of the market value of debt to the total market value of the firm that management seeks to maintain.

 

Upsize option: An option in IPO to increase the size of offering when the demand is high.

 

Velocity of Money: Rate at which money is exchanged from one transaction to another. It also refers to how much a unit of currency is used in a given period of time. The rate at which people spend money. The velocity of money is usually measured as a ratio of gross national product (GNP) to a country’s total supply of money.

What are the implications of a high Federal Funds Rate?

A high federal funds rate discourages banks from borrowing from one another, which tightens the money supply. Raising the federal funds rate is one of the most common measures taken by the government to combat high inflation.

Read more: What are the implications of a high Federal Funds Rate? | Investopedia https://www.investopedia.com/ask/answers/040215/what-are-implications-high-federal-funds-rate.asp#ixzz5ATuz8D00
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