IN THE NEWS
Benzinga
President Donald Trump has reportedly narrowed his decision for Federal Reserve chair down to three people: current chair Janet
Yellen, Stanford University economist John Taylor or former investment banker Jay Powell:
Link
Can Jim Cramer move stocks? Some of Twitter's trolls think so and are blaming the CNBC personality host for Advanced
Micro Devices, Inc. (NASDAQ: AMD) declines:
Link
The third-quarter reporting season is in full swing, with several high-profile companies having already released results. At the
outset, the earnings momentum appears to be intact:
Link
Paul Manafort and Rick Gates surrendered to federal authorities Monday morning, after a person close to the case said the first
charges were filed in a special counsel investigation: Link
Wall Street Journal
House Republicans will toss a giant tax bill into the capital’s autumnal winds Wednesday. How it will emerge is hard to predict:
Link
Workers behind Russian-linked Facebook Inc (NASDAQ: FB) accounts helped organize or finance real-life events before and after the 2016
election, often working directly with U.S. activists and playing both sides of the same hot-button issue—even on the same day:
Link
Reuters
U.S. tech firms such as Facebook and Twitter Inc (NYSE: TWTR) should be more aggressive in tackling extremism and political misinformation if
they want to avoid government action, a report from the World Economic Forum said on Monday:
Link
Japanese videogames maker Nintendo Co Ltd (OTC: NTDOY) raised its full-year operating profit forecast on Monday as supply shortages
on its new Switch games console began to ease:
Link
Bloomberg
As children return to school and parents to their jobs, it could be like any other week in the Spanish region of Catalonia. But
for those who support President Carles Puigdemont and his separatists, it’s the first working day of Europe’s newest republic:
Link
ECONOMIC DATA
- USA Personal Spending (MoM) for Sep 1.00% vs 0.80% Est; Personal Income (MoM) For Sep. 0.40% vs 0.40% Est
- The Dallas Fed manufacturing index for October is schedule for release at 10:30 a.m. ET.
- The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
- Data on farm prices for September will be released at 3:00 p.m. ET.
ANALYST RATINGS
- KBW upgraded Piper Jaffray (NYSE: PJC)
from Market Perform to Outperform
- Capital One Financial upgraded Ventas (NYSE: VTR) from Equal-Weight to Overweight
- Stifel upgraded Conagra Brands (NYSE: CAG) from Hold to Buy
- Morgan Stanley downgraded Advanced Micro Devices from Equal-Weight to Underweight
- Susquehanna downgraded JC Penney (NYSE: JCP) from Positive to Neutral
- Mizuho downgraded Acadia Healthcare (NASDAQ: ACHC) from Buy to Neutral
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