IN THE NEWS
BENZINGA
The man considered the father of modern financial analytics believes there is a fintech bubble: Link
Snap Inc (NYSE: SNAP) is scheduled to
report its first earnings report as a public company after Wednesday's market close. Here's the sell-side sentiment ahead of
earnings: Link
Sen. Daylin Leach (D–Montgomery, Penn.) recently acquired notoriety after engaging in a social media standoff with President
Donald Trump. But, this active lawmaker can't be reduced to a simple beef with the president; Leach is an activist, a defender of
the cannabis legalization cause: Link
THE WALL STREET JOURNAL
Coca-Cola Co. (NYSE: KO)’s new chief
executive wants the company to shake off a culture of cautiousness that has dogged the soda giant for more than a century:
Link
Central banks have been the world’s biggest buyers of government bonds and may soon turn into sellers—a tidal shift for global
markets. Yet investors can’t agree on what that shift will mean:
Link
REUTERS
A decline in subscribers and higher programming costs at cash-cow ESPN weighed on shares of Walt Disney Co
(NYSE: DIS) on Tuesday, overshadowing a quarterly profit that
topped Wall Street estimates:
Link
Eight Democratic senators asked U.S. regulators on Tuesday to launch an investigation into billionaire Carl Icahn’s activities
in the U.S. biofuels blending credit market, saying the activist investor may have violated trading laws since becoming an adviser
to President Donald Trump:
Link
President Trump ignited a political firestorm on Tuesday by firing FBI Director James Comey, who had been leading an
investigation into the Trump 2016 presidential campaign's possible collusion with Russia to influence the election outcome:
Link
BLOOMBERG
Apple Inc. (NASDAQ: AAPL) became the
first U.S. company with a market value of more $800 billion as investors bet the next iPhone will spur a resurgence in sales:
Link
NY POST
Yet another retailer is blaming Amazon (NASDAQ: AMZN) for its woes — this time in the plus-size apparel niche:
Link
ECONOMIC DATA
- Data in import and export prices for April will be released at 8:30 a.m. ET.
- The Energy Information Administration’s weekly report on petroleum inventories is schedule for release at 10:30 a.m. ET.
- Boston Federal Reserve Bank President Eric Rosengren is set to speak in South Burlington, VT at 12:30 p.m. ET.
- The Treasury will auction 10-year notes at 1:00 p.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Minneapolis, MN at 1:20 p.m. ET.
- The Treasury budget data for April is schedule for release at 2:00 p.m. ET.
ANALYST RATINGS
- Piper Jaffray Upgraded Depomed (NASDAQ:
DEPO) from Underweight to Neutral
- Vertical Research Upgraded Northrop Grumman (NYSE: NOC) From Hold to Buy
- JP Morgan Upgrades Occidental Petroleum (NYSE: OXY) From Underweight to Neutral
- Cowen Downgraded U.S. Steel (NYSE: X) from
Outperform to Market Perform
- Goldman Sachs Downgraded Allergan (NYSE: AGN) from Buy to Neutral
- Bernstein Downgraded General Dynamics (NYSE:
GD) fromOutperform to Market Perform
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