IN THE NEWS
Benzinga
For a juggernaut in more industries than one, the annual, mid-summer Prime Day isn’t critical to Amazon.com,
Inc. (NASDAQ: AMZN): Link
On the heels of a gathering designed to connect American entrepreneurs with the Chinese market, Alibaba Group Holding
Ltd (NYSE: BABA) is launching an online network to
pair businesses with merchants on the commerce giant’s Taobao marketplace: Link
In the inaugural episode of the Fidelity Investing Podcast, we talk with Fidelity Regional Brokerage Consultant Peter
Stringfellow about how to find stock ideas: Link
Wall Street Journal
President Donald Trump plans to put his first mark on the Federal Reserve by nominating Randal Quarles, an investment-fund
manager and former Republican Treasury official, to be the central bank’s top official in charge of regulating big banks:
Link
Trump’s eldest son retained a private attorney on Monday and said he would work with congressional investigators who have sought
his testimony as part of ongoing probes into whether the president’s campaign colluded with Moscow to influence the election:
Link
Reuters
Asking friends or family for money can be awkward, but when you can do it with a smiley face and a winged dollar bill, it seems
to make it better. Hence the rise of Venmo:
Link
Cyber attackers are regularly trying to attack data networks connected to critical national infrastructure systems around
Europe, according to current and former European government sources with knowledge of the issue:
Link
Bloomberg
The transatlantic trade deal U.S. President Donald Trump is offering U.K. Prime Minister Theresa May will ultimately prove easy
to promise and hard to deliver:
Link
It’s time for bitcoin traders to batten down the hatches:
Link
How many online activists does it take to save Silicon Valley’s favorite Obama-era regulation?:
Link
New York Post
A former investor in Martin Shkreli’s pharmaceutical company griped to jurors Monday that the “Pharma Bro” tried to buy him off
with “worthless stock” after stringing him along for months:
Link
ECONOMIC DATA
- USA NFIB Small Business Optimism for Jun 103.60 vs 104.40 consensus estimate. The prior reading was 104.50.
- Redbook Reports US Retail Sales During First Week Of July Down 1.1% MoM, Up 2.4% YoY
- The Labor Department's JOLTS report for May is schedule for release at 10:00 a.m. ET.
- Data on wholesale trade inventories for May will be released at 10:00 a.m. ET.
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
- Federal Reserve Governor Lael Brainard is set to speak in New York City at 12:30 p.m. ET.
- The Treasury will auction 3-year notes at 1:00 p.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Minneapolis at 1:20 p.m. ET.
ANALYST RATINGS
- Jefferies upgraded M&T Bank (NYSE: MTB) from Hold to Buy
- JMP upgraded Enanta Pharmaceuticals (NASDAQ: ENTA) from Market Perform to Market Outperform
- Barclays upgraded Exxon Mobil (NYSE: XOM) from Equal-Weight to Overweight
- Morgan Stanley downgraded Snap Inc. (NYSE:
SNAP) from Overweight to Equal-Weight
- Deutsche Bank downgraded Charles Schwab (NYSE: SCHW) from Buy to Hold
- UBS downgraded Patterson Companies (NASDAQ: PDCO) from Neutral to Sell
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