IN THE NEWS
BENZINGA
Netflix, Inc. (NASDAQ: NFLX)'s business
model has served it well for long, as reflected by its strong financial performance and solid stock showing. No wonder it's being
aped by others in a bid to taste at least some degree of success as the original did. Link
An email circulated last week alerting researchers at the Center for Biologics Evaluation and Research (CBER) White Oak Campus
that all common area television monitors were being changed from CNN to FOX News at the request of administrative officials.
However, a spokesperson for the U.S. Food and Drug Administration, which runs the CBER, challenged the memo’s veracity: Link
Apple Inc. (NASDAQ: AAPL) CEO Tim Cook
promised investors back in January its Services business would become the size of a Fortune 100 company in 2017 and then double in
size within four years: Link
THE WALL STREET JOURNAL
Comcast Corp. (NASDAQ: CMCSA) and
Charter Communications Inc. (NASDAQ: CHTR)
are striking a wireless partnership, people familiar with the matter said, as the cable giants look to get a piece of the cutthroat
business:
Link
Emmanuel Macron was elected president of France Sunday in a victory for a political newcomer who campaigned on promises to
reform France’s heavily regulated economy and fight a tide of nationalism sweeping the European Union:
Link
REUTERS
Facebook (NASDAQ: FB) has launched a
British newspaper advertising campaign to warn users of the dangers of fake news, in the latest drive by the social media giant to
tackle malicious information ahead of a national election:
Link
China's import growth slowed faster than expected in April, as inbound shipments of commodities such as iron ore and copper
weakened, while export growth more than halved, in line with a general cooling in demand for electronic gadgets:
Link
BLOOMBERG
Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling down on an effort to eliminate a supply
surplus just as its impact on prices wanes:
Link
In 1989, Sears Roebuck & Co. (NASDAQ: SHLD) ruled America as its biggest retailer. It loomed over rivals from a perch
high above Chicago, inside what was once the world’s tallest building—one bearing the company’s name. The fall from that height may
finally be nearing an end:
Link
ECONOMIC DATA
- St. Louis Federal Reserve Bank President James Bullard is set to speak in Fernandina Beach, Florida at 8:35 a.m. ET.
- Cleveland Federal Reserve President Loretta Mester will speak in Chicago IL at 8:45 a.m. ET.
- The Labor Market Conditions Index for March is schedule for release at 10:00 a.m. ET.
- The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
- The TD Ameritrade Investor Movement Index for April will be released at 12:30 p.m. ET.
ANALYST RATINGS
- Wells Fargo Upgraded Williams Cos. (NYSE: WMB) from Market Perform to Outperform
- Goldman Upgraded Total System Services (NYSE: TSS) From Neutral To Buy
- Stifel Upgrades Buckeye Partners (NYSE: BPL) From Hold to Buy
- Goldman downgraded Micron (NASDAQ: MU)
from Buy to Hold
- Wunderlich downgraded Hercules Capital (NYSE: HTGC) from Buy to Hold
- D.A. Davidson downgraded Louisiana-Pacific (NYSE: LPX) from Buy to Neutral
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