IN THE NEWS
BENZINGA
Stock market sentiment is in a quandary: Optimism is high because of President Donald Trump’s promise to invest in
infrastructure and overhaul the tax code. However, the GOP says those and other policy issues are on hold until Congress deals with
the seemingly intractable issue of swapping out the healthcare system:
Link
With a record-setting opening weekend, “Beauty and the Beast” is now at the core of two prominent Walt Disney
Co (NYSE: DIS) eras:
Link
THE WALL STREET JOURNAL
Federal Bureau of Investigation Director James Comey said publicly for the first time Monday that the agency is investigating
whether members of Donald Trump’s 2016 campaign collaborated with the Russian government to influence the presidential election:
Link
SoftBank Group Corp. scrapped a planned $100 million investment in a smartphone startup founded by the creator of
Alphabet Inc (NASDAQ: GOOGL)'s Android
software, partly because of the Japanese investor’s increasingly close relationship with Apple Inc. (NASDAQ:
AAPL), according to people familiar with the matter:
Link
High-speed trading gained notoriety after Michael Lewis’s 2014 book “Flash Boys.” These days, the industry is struggling with
another problem: It is having trouble making money:
Link
REUTERS
Google vowed on Tuesday to police its websites better by ramping up staff numbers and overhauling its policies after several
companies deserted the internet giant for failing to keep their adverts off hate-filled videos:
Link
Food maker General Mills, Inc. (NYSE: GIS)
reported a bigger-than-expected 5.2 percent fall in quarterly sales on Tuesday, hurt by weak sales of yogurt and baking products in
the United States, its biggest market:
Link
BLOOMBERG
Neil Gorsuch promised to be a "neutral and independent" U.S. Supreme Court justice. So far Senate Democrats don’t seem
convinced:
Link
In recent months, Apple has made a number of concessions to developers. The company has built analytical tools that provide
insights into how apps are used and monetized, sped up the approval process for new ones, halved its take for many transactions in
the App Store and made it easier for developers to sell subscriptions:
Link
THE NEW YORK TIMES
The purchase of Jet, an upstart e-commerce venture, for $3.3 billion last summer was meant to give Wal-Mart Stores
Inc (NYSE: WMT), the nation’s largest retailer, a way
to transform its online retail strategy:
Link
ECONOMIC DATA
- USA Redbook (YoY) for Mar 17 1.20% vs 1.30% Prior; Redbook (MoM) for Mar 17 -0.60% vs -0.60% Prior
- CAN Core Retail Sales (MoM) for Jan 1.70% vs 1.10% consensus estimate. The prior reading was -0.30%.
- Kansas City Federal Reserve Bank President Esther George is set to speak in Washington, D.C. at 12:00 p.m. ET.
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
- Federal Reserve Bank of Cleveland President Loretta Mester will speak in Richmond, Va. at 6:00 p.m. ET.
- Boston Federal Reserve Bank President Eric Rosengren is set to speak in Bali, Indonesia at 9:45 p.m. ET.
ANALYST RATINGS
- BTIG Research upgraded Facebook (NASDAQ: FB) from Neutral to Buy
- William Blair upgraded Carnival Corp (NYSE:
CCL) from Market Perform to Outperform
- Jefferies upgraded Motorola Solutions Inc (NYSE: MSI) from Hold to Buy
- BMO Capital downgraded Sprouts Farmers Market (NASDAQ: SFM) from Outperform to Market Perform
- Bernstein downgraded General Mills from Market Perform to Underperform
- Baird downgraded Mednax (NYSE: MD) from
Outperform to Neutral
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