IN THE NEWS
BENZINGA
Terrorism struck yet again in the United Kingdom. Authorities are saying a suicide bomber blew himself up at the conclusion of
an Ariana Grande concert in Manchester. Children are among the 22 people killed and 59 injured: Link
BlackBerry Ltd (NASDAQ: BBRY) continued
its bullish momentum on Monday when the company announced a new deal with Ford Motor Company (NYSE: F) to expand the use of the QNX operating system in Ford automobiles:
Link
Americans and investors hoping for healthcare reform may have the strongest congressional motivator of all on their side, fear:
Link
THE WALL STREET JOURNAL
President Donald Trump on Tuesday will propose a plan he says will balance the federal budget in a decade on the strength of
substantially faster economic growth and cuts to taxes and government safety-net programs:
Link
A group linked to North Korea is highly likely behind this month’s global ransomware assault, and the attack more closely
resembles the behavior of a crime ring rather than a government-orchestrated campaign, a cybersecurity researcher said:
Link
REUTERS
Trump's proposal to sell half of the United States' strategic oil reserve surprised energy markets on Tuesday since it counters
OPEC's efforts to control supply in order to boost prices:
Link
Nokia has settled its legal battle with Apple (NASDAQ: AAPL) with a new patent license agreement and also signed a business deal with the
U.S. giant, surprising investors who had expected the dispute to drag on:
Link
BLOOMBERG
Since the day it was created, Democrats loved it, Republicans hated it and Wall Street, at best, tolerated it. The fate of the
Consumer Financial Protection Bureau and its chief, Richard Cordray, is in the hands of a Washington appeals court that will hear
arguments Wednesday:
Link
OPEC’s second-biggest producer is also its biggest cheater. And if past is prologue, that lengthens the odds the group will be
able to squeeze too many more price gains out of its output cuts:
Link
NY POST
The often maligned crypto-currency continued its incredible run on Monday, soaring to nearly $2,200 at 10:30 p.m. — leaving it
up 124 percent this year and ahead nearly 400 percent over the past 12 months, according to Coindesk:
Link
ECONOMIC DATA
- Redbook Reports US Retail Sales During First 3 Weeks of May Down 1.1% MoM, Up 1.9% YoY
- The flash Composite PMI for May will be released at 9:45 a.m. ET.
- Data on new home sales for April will be released at 10:00 a.m. ET.
- The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.
- The Treasury will auction 2-year notes at 1:00 p.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Minneapolis at 3:15 p.m. ET.
- Philadelphia Federal Reserve Bank President Patrick Harker will speak in New York at 5:00 p.m. ET.
ANALYST RATINGS
- JP Morgan Upgraded McKesson (NYSE: MCK)
from Neutral to Overweight
- Goldman Sachs Upgraded Atwood Oceanics (NYSE: ATW) from Sell to Neutral
- Bank of America Upgrades Reliance Steel & Aluminum (NYSE: RS) From Neutral to Buy
- Wells Fargo Downgraded Xilinx (NASDAQ: XLNX) from Outperform to Market Perform
- Goldman Sachs Downgraded Helmerich & Payne (NYSE: HP) from Neutral to Sell
- Wells Fargo Downgrades Papa Murphy's (NASDAQ: FRSH) From Outperform to Market Perform
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