IN THE NEWS
BENZINGA
David Einhorn needs a new vision for General Motors Company (NYSE: GM). The Greenlight Capital founder suffered defeat at Tuesday’s annual meeting as
shareholders rejected his Board nominees and proposal to establish two stock classes: Link
Muddy Waters' Carson Block is one of the most notable short-seller investors and appears to be building a case against
Snap Inc (NYSE: SNAP): Link
The American Society of Clinical Oncology’s annual meeting ended Tuesday. The event was filled with updates on clinical trials
and research: Link
THE WALL STREET JOURNAL
Top national security officials are set to testify before a Senate committee on Wednesday morning in a session likely to touch
on a range of high-profile topics, from the continuing investigations into Russia’s alleged meddling in the 2016 election to
President Donald Trump’s abrupt firing of FBI Director James Comey:
Link
Stocks, bonds, gold and bitcoin—assets that rarely move in unison—have all been surging this spring, an everything rally that
leaves investors confounded about how to play the plodding U.S. expansion and vulnerable to sharp reversals in fortune:
Link
China has become a big part of Tesla (NASDAQ: TSLA), even if Elon Musk hasn’t said much about it:
Link
REUTERS
Oil prices dipped on Wednesday on renewed concerns about the efficacy of OPEC-led production cuts due to rising tensions within
the export group over Qatar and growing U.S. output:
Link
U.S. savers who routinely scour personal finance sites for the best deposit rates are soon going to see an unusual bank at the
top of the list: Goldman Sachs Group Inc. (NYSE: GS):
Link
Uber Technologies Inc said on Tuesday it fired 20 employees and was improving management training following an investigation by a
law firm into sexual harassment allegations and other claims at the ride-hailing company:
Link
BLOOMBERG
Banco Santander SA (NYSE: SAN) agreed to
take over Banco Popular Espanol SA after European regulators determined that the troubled lender was likely to fail and ordered it
to be sold:
Link
The number of electric vehicles on the road rocketed to 2 million in 2016 after being virtually non-existent just five years
ago, according to the International Energy Agency:
Link
NY POST
Pandora (NYSE: P) shares took a dive on
Tuesday as investors seemed to view hopes that a deal with SiriusXM (NASDAQ: SIRI) was diminishing by the hour. Pandora shares tumbled 7.7 percent to $8.75:
Link
ECONOMIC DATA
- The MBA's index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
- The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m.
ET.
- Data on consumer credit for April will be released at 3:00 p.m. ET.
ANALYST RATINGS
- BMO upgraded Dr Pepper Snapple (NYSE: DPS) from Market Perform to Outperform
- Citi upgraded Consolidated Comms (NASDAQ: CNSL) from Sell to Neutral
- Leerink upgraded Tenet Healthcare (NYSE: THC) from Market Perform to Outperform
- BMO downgraded Coca-Cola (NYSE: KO) from
Outperform to Market Perform
- Deutsche Bank downgraded Iron Mountain (NYSE: IRM) from Hold to Sell
- Baird downgraded HD Supply Holdings (NASDAQ: HDS) from to Neutral
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