IN THE NEWS
BENZINGA
After months of prioritizing transformation, FireEye Inc (NASDAQ: FEYE) is celebrating progress: Link
Apple Inc. (NASDAQ: AAPL) released its
second quarter earnings report after the bell on Tuesday. The world’s biggest company also announced a $50 billion buyback plan:
Link
Height Securities likes to offer betting odds on major political events, from federal government shutdowns to impending tax
reforms. The firm has last-minute odds for highly sensitive to situational nuances related to the ACA: Link
THE WALL STREET JOURNAL
The latest Republican effort to reshape the nation’s health-care system teetered on the brink of collapse in the House,
reflecting a new assertiveness by GOP centrists, a group that in recent years has rarely wielded such power:
Link
Federal regulators are investigating whether solar-energy companies are masking how many customers they are losing, according to
a person familiar with the matter:
Link
REUTERS
Traders short selling Tesla's (NASDAQ: TSLA) soaring stock have lost $3.7 billion this year, eclipsing the combined losses
of traders shorting Apple, Amazon.com (NASDAQ: AMZN) and Netflix (NASDAQ: NFLX):
Link
As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway
Inc shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett:
Link
BLOOMBERG
China is breaking out its mouthpieces -- and wallet -- as it seeks to soothe investors in the face of tighter financial market
regulations:
Link
The difference between the two California markets helps explain a key dynamic of U.S. housing a decade after the foreclosure
crisis:
Link
Companies like Dish Network Corp. (NASDAQ: DISH), Sling TV LLC, AT&T Inc. (NYSE: T), Hulu, YouTube and Verizon Communications Inc. (NYSE: VZ) have been trying to pull together “skinny” cable packages that would
charge a reasonable price for just the channels customers really watch, without all the niche programming:
Link
NY POST
Twitter’s (NYSE: TWTR) stock was soaring
for the second day in a row Tuesday, jumping 4 percent, to close at $18.24 a share — now that billionaire investor Mark Cuban says
he has snapped up shares. Link
ECONOMIC DATA
- USA ADP Employment Change for Apr 177.0K vs 175.0K consensus estimate. The prior reading was 263.0K.
- US Services Purchasing Managers' Index for April is schedule for release at 9:45 a.m. ET.
- The ISM non-manufacturing index for April will be released at 10:00 a.m. ET.
- The Energy Information Administration’s weekly report on petroleum inventories is schedule for release at 10:30 a.m. ET.
- The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET.
ANALYST RATINGS
- Axiom Capital Upgraded First Solar (NASDAQ: FSLR) from Sell To Hold
- SunTrust Upgraded Oasis Petroleum (NYSE: OAS) From Hold To Buy
- BMO Capital downgraded Bristol-Myers Squibb (NYSE: BMY) from Market Perform to Underperform
- DA Davidson downgraded Akamai Technologies (NASDAQ: AKAM) from Buy to Neutral
- William Blair downgraded Potbelly's (NASDAQ: PBPB) from Outperform to Market Perform
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