IN THE NEWS
BENZINGA
One of the world’s most successful and recognizable value investors of all time had some words of encouragement for struggling
value investors this weekend: Link
Following media reports of Comcast Corporation (NASDAQ: CMCSA) and Charter Communications, Inc. (NYSE: CHTR) striking a one-year partnership relating to wireless mergers, Height
Securities weighed in the M&A options before the companies in the wireless and spectrum spaces: Link
Despite Facebook Inc (NASDAQ: FB)'s 30
percent gain year-to-date and an outlook for a slowdown in ad load growth, analysts at MKM Partners believe the stock is still
"inexpensive": Link
Shares of Valeant Pharmaceuticals Intl Inc (NYSE: VRX) rose about 14 percent Tuesday after the troubled pharmaceutical company reported
an encouraging first quarter earnings report and guidance raise: Link
THE WALL STREET JOURNAL
After winning his bid to lead France, Emmanuel Macron got to work Monday on his next challenge: gaining control of its
parliament:
Link
Investors are as sanguine about the stock market as they have been in almost a quarter of a century, according to one indicator,
despite months of global political turmoil, showing comfort in strong corporate earnings and signs that the jobs market is humming:
Link
REUTERS
The U.S. government's review of a landmark 2010 financial reform law will not be complete by early June as originally targeted,
and officials will now report findings piece-by-piece, with priority given to banking regulations, sources familiar with the matter
said on Monday:
Link
Oil prices rose on Tuesday, but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has
shaken investors' faith in the ability of OPEC to rebalance the market:
Link
BLOOMBERG
Money managers including David Einhorn and Bill Ackman descended on New York’s Lincoln Center on Monday where about 3,000 people
gathered at the annual Sohn Investment Conference, one of the hedge fund industry’s marquee events, to hear the latest trade picks:
Link
For too long, Puerto Rico has been trapped in political and economic limbo. Politicians have been afraid to make tough
decisions. Voters have been reluctant to face reality. Investors have been unwilling to compromise:
Link
NY POST
Just for laughs, let’s start out with this idea — that Goldman Sachs (NYSE: GS) acts as an agent of the federal government:
Link
ECONOMIC DATA
- The Johnson Redbook Retail Sales Index for the latest week will be released at 8:55 a.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Minneapolis at 9:00 a.m. ET.
- The Labor Department's JOLTS report for March is schedule for release at 10:00 a.m. ET.
- Data on wholesale trade inventories for March will be released at 10:00 a.m. ET.
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
- Boston Federal Reserve Bank President Eric Rosengren will speak in New York at 1:00 p.m. ET.
- The Treasury will also auction 3-year notes at 1:00 p.m. ET.
- Dallas Federal Reserve Bank President Robert Kaplan is set to speak in Dallas at 4:15 p.m. ET.
ANALYST RATINGS
- Stifel Upgraded Energy Transfer Partners (NYSE: ETP) from Hold to Buy
- Keybacn Upgraded Federal Signal (NYSE: FSS) From Sector Weight To Overweight
- Jefferies Upgrades Autoliv (NYSE: ALV)
From Hold to Buy
- Nomura Downgraded Kate Spade (NYSE: KATE) from Buy to Neutral
- Stephens Downgraded Fiesta Restaurant Group (NASDAQ: FRGI) from Overweight to Equal-Weight
- Stifel Downgraded On Deck Capital (NYSE: ONDK) from Buy to Hold
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