IN THE NEWS
Benzinga
Following a price target hike from Cantor Fitzgerald on Wednesday, Valeant Pharmaceuticals Intl Inc (NYSE:
VRX) shareholders find themselves in an unfamiliar place—fresh
six-month highs: Link
At the end of the day, the pricing of any IPO issue is up to the investors to decide, Blue Apron (NYSE:
APRN) CEO Matt Salzberg told CNBC. Instead of focusing on the
stock price, he's committed to tackling the huge market potential it faces and the long-term picture: Link
The latest version of President Donald Trump’s travel ban on people from mainly Muslim countries goes into effect Thursday
night, and serious questions remain about just how equitably the controversial measure will be applied: Link
Wall Street Journal
Big banks cut their oil price forecasts for a second month in a row amid signs that the global crude glut would take longer to
abate:
Link
General Electric (NYSE: GE), the ultimate
global player, is turning local. Just look at its $200M investment in India, a crucial component to winning giant locomotive deal:
Link
Reuters
Airbus is launching a reorganization of its commercial aircraft sales operations in a move likely to focus fresh attention on a
delicate balance of power at Europe's largest aerospace company, people familiar with the situation said:
Link
As U.S. officials investigated in January the FSB's alleged role in election cyber attacks, U.S. technology firms were quietly
lobbying the government to soften a ban on dealing with the Russian spy agency, people with direct knowledge of the effort told
Reuters:
Link
Bloomberg
Elon Musk gets all the attention. But small companies in China have plans to build battery factories that can supply an
additional 120 gigawatt-hours of power a year by 2021:
Link
In 31 minutes a hedge fund managed by Martin Shkreli in 2012 went from a roaring success to an empty shell, one of his investors
told a jury:
Link
New York Post
Just when Hain Celestial (NASDAQ: HAIN)
thought it could relax with its signature chamomile tea, an activist investor emerged:
Link
ECONOMIC DATA
- Personal Spending (MoM) for May 0.10% vs 0.10% consensus estimate. Personal Income (MoM) for May 0.40% vs 0.30% consensus
estimate.
- The Chicago PMI for June is schedule for release at 9:45 a.m. ET.
- The University of Michigan's consumer sentiment index for June will be released at 10:00 a.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
- Raymond James upgraded Becton (NYSE: BDX) from Outperform to Strong Buy
- Ladenburg Thalmann upgraded Oxford Lane Capital (NASDAQ: OXLC) from Neutral to Buy
- Standpoint Research upgraded Symantec (NASDAQ: SYMC) from Hold to Buy
- Morgan Stanley downgraded 58.com (NYSE: WUBA) from Equal-Weight to Underweight
- Deutsche Bank downgraded Vipshop Holdings (NYSE: VIPS) from Buy to Hold
- Janney Capital downgraded Cara Therapeutics (NASDAQ: CARA) from Buy to Neutral
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