IN THE NEWS
BENZINGA
Snap Inc (NYSE: SNAP) low present rate of
monetization and high engagement within its core demographic should “enable significant revenue growth and margin leverage,”
according to a Citigroup analyst:
Link
The gap between the entrepreneurial ambitions of millennials and their follow-through could be explained by the boogeyman under
the collective millennial bed: Student loan debt.
Link
The journey is just beginning for Glenn King, a researcher whose team found that the world’s most poisonous spider could provide
fast treatment for stroke victims and stop their brain cells from burning out:
Link
THE WALL STREET JOURNAL
Stocks around the world fell Monday, putting the Dow Jones Industrial Average on track for its longest losing streak since 2011
as doubts about the Trump administration’s ability to push through on campaign promises percolated through global markets:
Link
A Chinese court has overturned a ruling against Apple Inc. (NASDAQ: AAPL) over iPhone patents, a win for the tech giant in one of its toughest markets:
Link
Uber Technologies Inc. said on Saturday it is suspending testing of its autonomous vehicles after one of the autos was involved
in an accident in Tempe, Ariz., a dramatic halt to one of the most high-profile self-driving programs:
Link
REUTERS
Dow Chemical (NYSE: DOW) and
DuPont (NYSE: DD) gained conditional EU
antitrust approval on Monday for their $130 billion merger by agreeing to significant asset sales, one of a trio of mega mergers
that will redraw the agrochemicals industry:
Link
As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto
lenders, Moody's Investors Service said in a report released on Monday:
Link
BLOOMBERG
One year ago this week, Tesla Inc (NASDAQ: TSLA)'s Elon Musk took to a stage to unveil his most important vehicle yet: the
$35,000 Model 3. The electric five-seater accelerates as fast as the the best-selling luxury sport sedans in America—the BMW 3
Series and the Mercedes C Class—and costs about the same:
Link
The Pentagon is poised to review -- and probably approve -- a new helicopter from Lockheed Martin Corporation
(NYSE: LMT) to transport heavy cargo for the Marine Corps in a
program valued at as much as $29 billion:
Link
NY POST
Goldman Sachs (NYSE: GS) has at least one
billion reasons to hope President Trump’s paring back of Dodd-Frank will include the Volcker Rule:
Link
ECONOMIC DATA
- 10:30 a.m. Dallas Fed Manufacturing Business Index
- 11:30 a.m. 6-Month Bill Auction
- 11:30 a.m. 3-Month Bill Auction
- 1 p.m. 2-Year Note Auction
- 1:15 p.m. Chicago Fed President Evans Speaks
- 6:30 p.m. FOMC Member Kaplan Speaks
ANALYST RATINGS
- Piper Jaffray upgraded Best Buy Co (NYSE: BBY) from Neutral to Overweight
- Wells Fargo upgraded Allscripts Healthcare (NASDAQ: MDRX) from Market Perform to Outperform
- Mizuho upgraded Universal Health Service (NYSE: UHS) from Neutral to Buy
- Piper Jaffray downgraded The Michaels Companies (NASDAQ: MIK) from Overweight to Neutral
- JMP Securities downgraded KB Home (NYSE: KBH) from Market Outperform to Market Perform
- Raymond James downgraded Sierra Wireless Inc. (NASDAQ: SWIR) from Outperform to Market Perform
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five
minutes. To get the full version of this note every morning, click
here or email minutes@benzinga.com.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.