IN THE NEWS
Just as the Dow Jones Industrial Average finished the Friday session near its lows for the day with an over 400-point loss,
investors were bracing for a test of February lows on Monday:
Link
Streaming music provider Spotify has released its first-ever guidance ahead of its highly anticipated April 3 initial public
offering:
Link
The Trump administration’s decision to temporarily exempt several countries from new U.S. tariffs provides relief to some of the
largest customers of imported steel: companies that use semifinished steel:
Link $
Banks can expect to see a surge in relief from postcrisis rules in 2018 after the final Trump-appointed leader is seated at the
nation’s banking regulators later this spring:
Link $
America’s most sweeping expulsion of Russian diplomats since the Cold War may have seemed like a dramatic escalation in
Washington’s response to Moscow, but the groundwork for a more confrontational U.S. posture had been taking shape for months — in
plain sight:
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“Angry Birds” maker Rovio proposed cutting the pay of its chairman and vice chairman following a drop in the Finnish mobile game
studio’s market value and a media stir over boardroom compensation:
Link
A proposed 25 percent tariff on consumer goods made outside this country could hit the shoe industry hard — and shoppers’
wallets harder:
Link
ECONOMIC DATA
- Redbook Reports US Retail Sales During First 3 Weeks Of Mar. Up 0.1% MoM, Up 3.2% YoY-Dow Jones
- USA S&P/Case-Shiller 20-City MoM for Jan 0.30% vs 0.20% Prior
- The Conference Board’s Consumer Confidence Index for March is schedule for release at 10:00 a.m. ET.
- The Richmond Fed Manufacturing Index will be released at 10:00 a.m. ET.
- Atlanta Federal Reserve Bank President Raphael Bostic is set to speak in Atlanta, Georgia at 11:00 a.m. ET.
- The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.
- The Treasury will auction 5-year notes at 1:00 p.m. ET.
ANALYST RATINGS
- Stifel upgraded Aratana Therapeutics (NASDAQ: PETX) from Hold to Buy
- DA Davidson upgraded Fulton Financial (NASDAQ: FULT) from Neutral to Buy
- JP Morgan downgraded Canadian Solar (NASDAQ: CSIQ) from Neutral to Underweight
- Morgan Stanley downgraded Kimco (NYSE: KIM) from Overweight to Equal Weight
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