IN THE NEWS
BENZINGA
Massive tech giants have created a “valuation air pocket” in the market, according to Goldman Sachs analyst Robert Bouroujerdi:
Link
Warren Buffett is best known for not making notable changes to his investment philosophy over the decades. Investors looking to
coat-tail his value investment strategy should take a look at some of the statistics compiled by Goldman Sachs' strategist Ben
Snider: Link
German Chancellor Angela Merkel, who grew up on the oppressive side of the Berlin Wall, shared a message with Mexico’s president
that also took a shot at President Donald Trump: Walls create more problems than they solve: Link
THE WALL STREET JOURNAL
The Federal Reserve’s interest-rate increases aren’t having the desired effect of cooling off Wall Street’s hot streak:
Link
The Trump administration will recommend limits on the U.S. consumer-finance regulator and a reassessment of a broad range of
banking rules in a report to be released as early as Monday, according to people familiar with the matter:
Link
Attorney General Jeff Sessions will testify Tuesday before the same Senate committee that heard from former FBI Director James
Comey last week, keeping national attention on a Russia investigation that White House officials have been trying to push to the
background:
Link
REUTERS
Oil rose on Monday to break a three-day losing streak, after futures traders increased their bets on a renewed price upswing
even though physical markets remain bloated, especially from a relentless rise in U.S. drilling:
Link
The Uber Technologies Inc board of directors voted unanimously to adopt all recommendations from a report stemming from
allegations of sexual harassment at the company and other employee concerns, a board representative said on Sunday:
Link
BLOOMBERG
A selloff in U.S. technology stocks spread through Asia and Europe, battering shares from South Korea to the Netherlands. The
pound retreated as an embattled Theresa May fought to survive the fallout from the British general election:
Link
President Emmanuel Macron expanded his control of French politics as voters put his party on track to a sweeping majority in the
National Assembly in the first round of legislative elections, ousting establishment stalwarts in the process:
Link
NY POST
David Rubenstein’s Carlyle Group is ceding control of its big nursing home chain, HCR ManorCare, The Post has learned — one of
the biggest stumbles for the Washington private equity firm and its high-profile boss:
Link
ECONOMIC DATA
- The Treasury is set to auction 6-month bills and 3-year notes at 11:30 a.m. ET.
- The Treasury will also auction 3-month bills and 10-year notes at 1:00 p.m. ET.
- The U.S. Treasury budget report for May is schedule for release at 2:00 p.m. ET.
ANALYST RATINGS
- Cowen upgraded CACI International (NYSE: CACI) from Market Perform to Outperform
- Cowen upgraded Digital Realty Trust (NYSE:
DLR) from Market Perform to Outperform
- Stifel upgraded Ultra Petroleum (NASDAQ:
UPL) from Hold to Buy
- Mizuho downgraded Apple (NASDAQ: AAPL) from Buy to Neutral
- Pivotal Research downgraded Adobe Systems (NASDAQ: ADBE) from Hold to Sell
- Raymond James downgraded American Tower (NYSE: AMT) from Strong Buy to Outperform
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