IN THE NEWS
Benzinga
Under Armour (NYSE: UAA) third-quarter
earnings report was no different from its second-quarter report: a major disappointment. Shares hit a new multi-year low of $15.52
on Monday and fell another 15 percent Tuesday morning as the company's earnings report came in mixed — investors found fault with a
revised outlook: Link
"What the hell is an ICO?" — a seasoned fund manager asked me last year when I mentioned Ethereum’s multimillion-dollar token
sale. At first, he thought I was talking about the made-up terrorist group from Netflix’s “House of Cards:
Link
Helios and Matheson Analytics Inc (NASDAQ: HMNY) shareholders have been on quite a ride in the past couple of months. The
stock is down 5 percent Monday as the market is still trying to place an appropriate value on the company’s MoviePass stake:
Link
Transenterix Inc (NYSE: TRXC) investors
were thrilled when the company’s Senhance system secured the first U.S. approval for abdominal surgical robotics in nearly two
decades:
Link
Wall Street Journal
Apple Inc. (NASDAQ: AAPL), locked in an
intensifying legal fight with Qualcomm Inc. (NASDAQ: QCOM), is designing iPhones and iPads for next year that would jettison the
chipmaker’s components, according to people familiar with the matter:
Link
Facebook Inc (NASDAQ: FB),
Alphabet Inc.’s Google (NASDAQ: GOOG) and
Twitter Inc (NYSE: TWTR) are set to divulge
new details showing that the scope of Russian-backed manipulation on their platforms before and after the U.S. presidential
election was far greater than previously disclosed, reaching an estimated 126 million people on Facebook alone:
Link
Reuters
Fintech firm R3 and 22 of the world’s biggest banks have together developed an international payments system that would allow
existing central bank currencies and any new digital ones to be transacted via the blockchain, R3 said on Tuesday:
Link
Battery makers are increasingly turning to nickel to help power growing global electric car sales, but only half of the world’s
producers of the metal are likely to benefit, mining analysts and executives say:
Link
Bloomberg
Another Chinese company has missed a local bond payment, highlighting how weaker firms in the nation are struggling to honor
their debts as borrowing costs jump:
Link
Goldman Sachs economists agree with Bridgewater Associates’ Ray Dalio: The U.S. economy is running at two speeds:
Link
ECONOMIC DATA
- The Federal Open Market Committee will begin its two-day policy meeting today.
- USA Employment Cost Index (QoQ) for Q3 0.70% vs 0.70% Est
- Redbook Reports US Retail Sales During First 4 Weeks Of Oct. Down 1.3% MoM, Up 3.5% YoY
- The S&P Corelogic Case-Shiller home price index for August is schedule for release at 9:00 a.m. ET.
- The Chicago PMI for October will be released at 9:45 a.m. ET.
- The Conference Board Consumer Confidence Index for October 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.
ANALYST RATINGS
- Baird upgraded Cerner (NASDAQ: CERN)
from Neutral to Outperform
- Jefferies upgraded Merck (NYSE: MRK)
from Underperform to Hold
- Vertical Research upgraded Axalta Coating Systems (NYSE: AXTA) from Hold to Buy
- Morgan Stanley downgraded MSG Networks (NYSE: MSGN) from Equal-Weight to Underweight
- Barclays downgraded Cypress Semiconductor (NASDAQ: CY) from Overweight to Equal-Weight
- Stifel downgraded Omega Healthcare (NYSE: OHI) from Buy to Hold
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