IN THE NEWS
BENZINGA
Uncertainty returned to the market yesterday as the major indices closed with their biggest loss since before November. There
has been plenty of speculation that such a downturn was inevitable, including from economist and editor with Moneyball Economics
Andrew Zatlin:
Link
With North American President Mark King at the helm, adidas (OTC: ADDYY) has quickly become the most exciting company in the industry:
Link
Nike (NYSE: NKE)’s revenue miss in its
third quarter earnings report resulted in a more than 5 percent decline in the stock:
Link
THE WALL STREET JOURNAL
Police worked to piece together the details of a rampage outside Britain’s Parliament by a suspected Islamist terrorist,
searching six properties and arresting eight people:
Link
AT&T Inc. (NYSE: T) and Verizon
Communications Inc. (NYSE: VZ) on Wednesday joined a
growing number of companies pulling much of their advertising from Google, expanding a controversy over the internet giant’s ad
placements on objectionable content and deepening the financial impact on the company even after it announced measures to assuage
concerns:
Link
The GOP plan to replace the Affordable Care Act, backed by President Donald Trump and House Speaker Paul Ryan, remained in
jeopardy Wednesday after a day of intense negotiations among Republicans showed signs of rallying conservatives behind the bill
while driving away more centrist lawmakers:
Link
REUTERS
The Republican chairman of the U.S. House of Representatives intelligence committee set off a political firestorm on Wednesday
when he said the communications of members of Donald Trump's transition team were caught up in incidental surveillance targeting
foreigners:
Link
The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in
Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth:
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BLOOMBERG
Investors in hospital stocks are banking on a key idea: the GOP’s final overhaul of Obamacare won’t be as bad as it looks right
now:
Link
The U.S. is investigating whether the theft of $81 million from a Bangladesh central bank account at the New York Fed is linked
to North Korea because of the similarity of the hack to an earlier breach of Sony Pictures Entertainment, two people familiar with
the matter said:
Link
NY POST
Pay up or grandma’s photos of her grandkids are toast. That’s the threat being laid down by a hacker or hackers who claim to
have access to as many as 300 million iCloud and Apple email accounts:
Link
ECONOMIC DATA
- Initial Jobless Claims for Mar 17 258.0K vs 240.0K estimate; Continuing Claims for Mar 10 2.0M vs 2.04M estimate.
- Federal Reserve Chairman Janet Yellen is set to speak in Washington at 8:45 a.m. ET.
- Data on new home sales for February will be released at 10:00 a.m. ET.
- The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
- The Kansas City Fed manufacturing index for March will be released at 11:00 a.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Washington at 12:30 p.m. ET.
- Data on money supply for the recent week will be released at 4:30 p.m. ET.
- Dallas Federal Reserve Bank President Robert Kaplan will speak in Chicago at 7:00 p.m. ET.
ANALYST RATINGS
- Goldman Sachs upgraded FireEye (NASDAQ:
FEYE) from Sell to Buy
- RBC Capital upgraded Kroger (NYSE: KR)
from Sector Perform to Outperform
- UBS upgraded Energen (NYSE: EGN) from
Neutral to Buy
- Goldman Sachs downgraded Proofpoint (NASDAQ: PFPT) from Neutral to Sell
- RBC Capital downgraded Norfolk Southern (NYSE: NSC) from Sector Perform to Underperform
- PiperJaffray downgraded Ultragenyx Pharmaceuticals (NASDAQ: RARE) from Overweight to Neutral
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