IN THE NEWS
Benzinga
Blue Apron Holdings Inc (NYSE: APRN)
shares jumped 13 percent on Monday after a number of its IPO underwriters weighed in on the stock for the first time following the
expiration of the mandatory post-IPO quiet period: Link
Google Chrome is not only the world’s most popular browser; it’s also the most vulnerable to attack, a pair of studies show:
Link
Wall Street Journal
President Donald Trump made a last-minute pitch to GOP senators urging them to vote Tuesday to begin debate on a sweeping
health-care law, an exhortation that added to the pressures facing congressional Republicans at a critical moment:
Link
Consumers are giving banks a pass when it comes to shopping for higher interest rates on deposit accounts. Businesses, on the
other hand, are becoming more demanding:
Link
Reuters
Alphabet Inc (NASDAQ: GOOG) (NASDAQ:
GOOGL) reported a 21 percent jump in quarterly revenue on
Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently
by the other Internet firms are not done yet:
Link
The U.S. House of Representatives is expected to vote overwhelmingly on Tuesday for a bill that would slap new sanctions on
Russia, Iran and North Korea, potentially complicating President Donald Trump's hopes of pursuing improved relations with Moscow:
Link
Bloomberg
Oil’s bear market may finally be taking its toll on the shale boom:
Link
House Republicans this week are increasing the possibility of a government shutdown in October by moving forward with a $788
billion spending bill that complies with President Trump’s demands to boost the military, reduce clean-energy programs and fund a
wall on the U.S.-Mexico border:
Link
ECONOMIC DATA
- The Federal Open Market Committee will begin its two-day meeting today.
- Redbook Reports US Retail Sales During First 3 Weeks Of Jul. Down 1.3% MoM, Up 2.2% YoY
- USA FHFA House Price Index (MoM) for May 0.40% vs 0.60% Est; USA FHFA House Price Index (YoY) for May 6.90% vs 6.80%
Prior
- USA S&P/CaseShiller Home Price Index for May 249.20 vs 248.30 Prior; USA S&P/CaseShiller House Price Index (MoM) for
May 0.10% vs 0.30% Est; Prior -0.20%
- The Conference Board’s consumer confidence index for July will be released at 10:00 a.m. ET.
- The Richmond Fed's manufacturing index for July is schedule for release at 10:00 a.m. ET.
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
- The Treasury will auction 2-year notes at 1:00 p.m. ET.
ANALYST RATINGS
- Piper Jaffray upgraded Mondelez (NASDAQ:
MDLZ) from Neutral to Overweight
- Deutsche Bank upgraded Big Lots (NYSE: BIG) from Hold to Buy
- Keefe Bruyette Woods upgraded Tompkins Financial (NYSE: TMP) from Underperform to Market Perform
- Deutsche Bank downgraded Under Armour (NYSE: UAA) from Hold to Sell
- Stifel downgraded Lululemon (NASDAQ: LULU) from Buy to Hold
- B. Riley downgraded Cytori Therapeutics (NASDAQ: CYTX) from Buy to Neutral
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