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10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TRI)

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TRI)
  • 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TRI) FOU: 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TRI)

    Here is what you need to know. The Turkish lira is diving after Moody’s warned the worst was yet to come for the country’s banks. The lira was down about 2% at 6.4035 per dollar after the ratings agency Moody’s said there was a “heightened risk of a downside funding…

  • Turkey has dived headfirst into a 'steep' and 'deep' recession FOU: Turkey has dived headfirst into a ‘steep’ and ‘deep’ recession

    Turkey’s economy has most likely dived into a “steep” recession after the lira’s recent plunge, according to Capital Economics’ Jason Tuvey. The Turkish economy was in a weak state even prior to the most recent collapse in the currency, he added. Tuvey expects the Turkish economy to contract as much…

  • Under Armour sinks after Dick’s blames it for its sales slump (UAA) FOU: Under Armour sinks after Dick’s blames it for its sales slump (UAA)

    Dick’s Sporting Goods blamed Under Armour for its second-quarter sales miss on Wednesday. Under Armour sank more than 7% as Dick’s conference call progressed. Follow Under Armour’s stock price in real-time here.  Under Armour plunged more than 7% Wednesday after Dick’s Sporting Goods blamed the brand’s recent shift in distribution…

  • The pound surged above $1.30 after EU negotiators hint at a major Brexit compromise FOU: The pound surged above $1.30 after EU negotiators hint at a major Brexit compromise

    The British pound surged after European Union negotiator Michel Barnier hinted at major Brexit compromise. “We are prepared to offer a partnership with Britain such as has never been with any other third country,” Barnier said at a news conference on Wednesday afternoon. Traders welcomed his words, with the pound…

  • PayPal's booming growth is more than just Venmo (PYPL) FOU: PayPal’s booming growth is more than just Venmo (PYPL)

    PayPal has impressive core growth trends alongside strong Venmo trends, Jefferies analysts said. App downloads from PayPal platforms exceed that of most industry peers.  The company’s second-quarter daily average users are twice that of its competitor Square. Watch PayPal trade in real-time here. PayPal’s booming growth is more than just Venmo,…

  • Weed stocks are surging after one of Canada’s largest cannabis companies doubled its quarterly sales (TLRY) FOU: Weed stocks are surging after one of Canada’s largest cannabis companies doubled its quarterly sales (TLRY)

    Tilray, the second-largest publicly traded marijuana company, posted quarterly earnings that topped expectations on Tuesday. The stock was up more than 18% following the news, with other marijuana companies also rising. Marijuana stocks have seen an impressive rally in recent months thanks to investments from major beverage companies.  Follow Tilray’s…

  • Aston Martin is finally launching an IPO — and is set to be valued at $6.5 billion FOU: Aston Martin is finally launching an IPO — and is set to be valued at $6.5 billion

    Aston Martin plans to launch IPO in London later this year, and is expected to be valued at £5 billion.  The luxury British car maker saw half-year profits reach record levels after seven consecutive profitable quarters. The public listing of over 25% shares could see it enter the FTSE 100.…

  • American Eagle Outfitters drops after missing on guidance (AEO) FOU: American Eagle Outfitters drops after missing on guidance (AEO)

    American Eagle Outfitters earnings beat on the top and bottom lines. The retailer posted disappointing third-quarter guidance. Shares dropped more than 13% in pre-market trading on Wednesday. Watch American Eagle Outfitters trade in real-time here. American Eagle Outfitters dropped more than 13% in pre-market trading on Wednesday after the retailer reported a disappointing guidance…