IN THE NEWS
BENZINGA
Is bitcoin’s 2017 outperformance a sign of the changing of the guard when it comes to safety plays?: Link
Apple Inc. (NASDAQ: AAPL)’s share of the
Chinese midrange-segment smartphone market plunged from 31 percent to 15 percent in the year following March 2016, a phenomenon
Barclays attributes primarily to competitive dynamics, coupled with a stall in demand: Link
Amazon.com, Inc. (NASDAQ: AMZN) will
acquire Whole Foods (NASDAQ: WFM) for $42
per share.
THE WALL STREET JOURNAL
The European Union’s antitrust watchdog in the coming weeks is set to hit Alphabet Inc.'s (NASDAQ: GOOGL) Google with a record fine for manipulating its search results
to favor its own comparison-shopping service, according to people familiar with the matter:
Link
Friction between the U.S. and Mexico over trade is starting to cut into sales for U.S. farmers and agricultural companies,
adding uncertainty for an industry struggling with low commodity prices and excess supply:
Link
REUTERS
Shares of Snap Inc (NYSE: SNAP) dropped
4.9 percent on Thursday to their initial public offering price, highlighting investors' loss of confidence in the social media
company that faces fierce competition from Facebook (NASDAQ: FB):
Link
The five largest U.S. technology companies may have lost enough market capitalization over the past week to buy plane maker
Boeing (NYSE: BA), but the benchmark S&P
500 stock index SPX has managed to remain within a stone's throw of its record high:
Link
BLOOMBERG
U.S. President Donald Trump has another growing headache on Capitol Hill: a bipartisan Senate Judiciary Committee probe of his
firing of FBI Director James Comey that Democrats say should look into possible obstruction of justice:
Link
With the $70 billion TV advertising market in its sights, Facebook is starting to bankroll the creation of video series that
will begin to appear on the world’s largest social network later this year:
Link
NY POST
San Francisco-based Lyft — a rival ride-hailing app that has largely sidestepped the scandals that have tarnished Uber’s
reputation — has lately watched investors scramble for its privately traded shares, pushing secondary market prices to all-time
highs:
Link
ECONOMIC DATA
- USA Housing Starts for May 1.09M vs 1.22M consensus estimate. Building Permits for May 1.17M vs 1.25M consensus
estimate.
- The University of Michigan's consumer sentiment index for June is schedule for release at 10:00 a.m. ET.
- Dallas Federal Reserve Bank President Robert Kaplan is set to speak in Dallas at 12:45 p.m. ET.
- The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
ANALYST RATINGS
- Mizuho upgraded Teva Pharmaceutical (NYSE:
TEVA) from Underperform to Neutral
- Credit Suisse upgraded Brookfield Infrastructure (NYSE: BIP) from Neutral to Outperform
- Jefferies upgraded Regency Centers (NYSE: REG) from Hold to Buy
- JP Morgan downgraded Nike (NYSE: NKE)
from Overweight to Neutral
- Vertical Research downgraded Booz Allen Hamilton (NYSE: BAH) from Buy to Hold
- Jefferies downgraded Tanger Factory Outlet (NYSE: SKT) from Buy to Hold
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