IN THE NEWS
BENZINGA
EXACT Sciences Corporation (NASDAQ: EXAS) shares initially plunged more than 7 percent Monday after Citron Research
released a new bearish report on the company. According to Citron’s Andrew Left, Exact is knowingly marketing an inferior colon
cancer test: Link
This weekend's ransomware attack took down computer systems and compromised data worldwide, but Monday was business as usual for
cybersecurity firm Proofpoint Inc (NASDAQ: PFPT): Link
John Oliver, the host of "Last Week Tonight," roasted Davita Inc (NYSE: DVA) Sunday for alleged abuses in its kidney dialysis business, and when approached
for response, Davita hedged: Link
THE WALL STREET JOURNAL
President Donald Trump shared sensitive intelligence obtained from a close U.S. ally with Russia’s foreign minister and
ambassador in a meeting last week, according to U.S. officials, potentially jeopardizing critical intelligence-sharing agreements
in the fight against Islamic State:
Link
Ford Motor Co. (NYSE: F) aims to cut about
10% of its global workforce amid Chief Executive Officer Mark Fields’s drive to boost profits and the auto maker’s sliding stock
price, according to people briefed on the plan:
Link
REUTERS
Oil prices extended gains on Tuesday after top producers Saudi Arabia, Russia and Kuwait supported prolonging supply cuts until
the end of March 2018 in a bid to drain a global glut:
Link
After Turkish President Recep Tayyip Erdogan won a narrow victory last month in a contested referendum that gave him sweeping
new powers, President Trump was the only Western leader who called to congratulate him. Most other leaders steered clear of
endorsing a power grab by the increasingly autocratic Erdogan:
Link
BLOOMBERG
Democrats are struggling to challenge President Trump, and with control over nothing in Washington, they’re relying for now on
the power of saying “no":
Link
The scorching gains that have put emerging-market equities on track for their best year since 2009 are showing signs of
flagging:
Link
NY POST
Amazon (NASDAQ: AMZN) marked its 20th
anniversary as a publicly traded company on Monday — and Chief Executive Jeff Bezos has plenty to celebrate:
Link
ECONOMIC DATA
- USA Building Permits for Apr 1.23M vs 1.27M consensus estimate. Housing Starts for Apr 1.17M vs 1.26M consensus
estimate.
- Redbook Reports US Retail Sales During First 2 Weeks of May Down 1.1% MoM, Up 1.8% YoY
- Data on industrial production for April will be released at 9:15 a.m. ET.
- Data on e-commerce retail sales for the first quarter will be released at 10:00 a.m. ET.
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
ANALYST RATINGS
- Morgan Stanley Upgraded AIG (NYSE: AIG)
from Equal-Weight to Overweight
- Morgan Stanley Upgraded Dr. Pepper Snapple (NYSE: DPS) From Equal-Weight to Overweight
- Goldman Sachs Upgrades Delek Holdings (NYSE:
DK) From Neutral to Buy
- Goldman Sachs Downgraded Valero Energy (NYSE: VLO) from Buy to Neutral
- Jefferies Downgraded Performance Food Group (NYSE: PFGC) from Buy to Hold
- Morgan Stanley Downgrades Church & Dwight (NYSE: CHD) From Equal-Weight to Underweight
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