IN THE NEWS
BENZINGA
It took a “Wonder Woman” not only to jump-start the summer box office, but end Time Warner Inc (NYSE: TWX)'s critically maligned skid as it tries to approximate the success
of the rival Marvel Cinematic Universe franchise run by Walt Disney Co (NYSE: DIS): Link
Beware, mankind — machines are taking over. The fear has been voiced by tech titans such as Microsoft
Corporation (NASDAQ: MSFT)'s Bill Gates and
Tesla Inc (NASDAQ: TSLA)'s Elon Musk:
Link
The auto industry has been suffering from a pricing decline so far in 2017, but slumping prices are not the only issue weighing
down the industry in 2017: Link
THE WALL STREET JOURNAL
President Donald Trump will launch a new campaign this week aimed at fulfilling his pledge for $1 trillion of infrastructure
investment, hoping to capitalize on lawmakers’ support for rebuilding the nation’s transportation systems at a time when his tax
and health legislation are in flux:
Link
General Motors Co. (NYSE: GM) Chief
Executive Mary Barra faces shareholders this week, under pressure from a hedge-fund investor and fresh scrutiny following the
ouster of her counterpart at a crosstown rival:
Link
REUTERS
Apple Inc. (NASDAQ: AAPL) and
Amazon.com Inc (NASDAQ: AMZN) will join
Foxconn's bid for Toshiba Corp's semiconductor business, the Nikkei business daily quoted Foxconn
Chairman Terry Gou as saying on Monday:
Link
In early May, Goldman Sachs (NYSE: GS)
turned down a request from Caracas to convert $5 billion in sovereign bonds into marketable securities partly because it would mean
dealing directly with a Venezuelan state bank, according to people familiar with the talks:
Link
BLOOMBERG
Investors looking for a return of market volatility might see those chances increase this week, with geopolitical risks looming
large:
Link
For the first time in years, Apple will use its annual developer conference to tout not just its software, but hardware too:
Link
NY POST
Carl Icahn has big plans for the US auto-parts sector — and big retailers like AutoZone (NYSE: AZO), O’Reilly Automotive (NASDAQ: ORLY) and Advance Auto Parts (NYSE: AAP) aren’t going to like them:
Link
ECONOMIC DATA
- USA Unit Labor Costs (QoQ) for Q1 2.20% vs 2.50% consensus estimate. Nonfarm Productivity (QoQ) for Q1 0.00% vs -0.20%
consensus estimate.
- US Services Purchasing Managers' Index for May is schedule for release at 9:45 a.m. ET.
- Data on factory orders for April will be released at 10:00 a.m. ET.
- The ISM non-manufacturing index for May is schedule for release at 10:00 a.m. ET.
- The labor market conditions index for May will be released 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 May is schedule for release at 12:30 p.m. ET.
ANALYST RATINGS
- HSBC upgraded Chevron (NYSE: CVX) from
Hold to Buy
- Susquehanna upgraded Skechers (NYSE: SKX) from Neutral to Positive
- Deutsche Bank upgraded WEX (NYSE: WEX)
from Hold to Buy
- Pacific Crest downgraded Apple from Overweight to Sector Weight
- RBC downgraded Perrigo (NYSE: PRGO)
from Sector Perform to Underperform
- Wedbush downgraded Endocyte (NASDAQ: ECYT) from Outperform to Neutral
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