IN THE NEWS
Cryptocurrency has grabbed headlines in the semiconductor world in the past year, as demand for GPUs from miners created a
shortage in the market and prompted retailers to drive prices through the roof:
Link
Amazon.com, Inc. (NASDAQ: AMZN) is a
prime example of how "Big Tech" needs to incorporate fintech in its business, according to Cantor Fitzgerald:
Link
When House Speaker Paul Ryan leaves Congress, the Republican party will lose its most influential advocate for changes to Social
Security, Medicare and Medicaid:
Link $
Only once before have U.S. earnings expectations risen so far, or so fast, as they have this year. Yet, investors couldn’t care
less as shares are down. The result is that Wall Street’s favorite valuation measure has fallen at a speed usually only seen in a
crisis:
Link $
As its strategic review stretches into a ninth month, General Electric Co. (NYSE: GE) is exploring a public offering for one of its divisions and discussing hybrid deals
with public companies to combine assets, according to people familiar with the matter:
Link $
Facebook Inc (NASDAQ: FB) Chief Executive
Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 U.S. lawmakers and emerged largely unscathed and
considerably richer:
Link
Walmart Inc (NYSE: WMT) is likely to reach
a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant’s
biggest acquisition of an online business, two people with direct knowledge of the matter said:
Link
A trade war would leave the U.S. Federal Reserve having to decide between battling weaker economic growth or rising prices.
Which one it focuses on already looks pretty clear:
Link
The $85.4 billion merger between AT&T (NYSE: T) and Time Warner (NYSE: TWX) could end up costing consumers hundreds of millions of dollars in jacked-up fees
for cable TV and streaming video, an expert witness said:
Link
ECONOMIC DATA
- Initial Jobless Claims for Apr 6 230.0K vs 231.0K Est; Prior 242.0K. Continuing Claims for Mar 30 1.87M vs 1.85M Est; Prior
Revised from 1.81M to 1.82M
- USA Export Prices (MoM) for Mar 0.30% vs 0.20% Est; Prior 0.20%. Import Price Index (YoY) for Mar 0.00% vs 3.80% Est; Prior
3.50%
- The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at
10:30 a.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Minneapolis at 5:00 p.m. ET.
ANALYST RATINGS
- Jefferies upgraded Prologis (NYSE: PLD)
from Hold to Buy
- Barclays upgraded Mellanox Technologies (NASDAQ: MLNX) from Equal-Weight to Overweight
- Barclays downgraded Puma Biotechnology (NASDAQ: PBYI) from Overweight to Equal-Weight
- KeyBanc downgraded JB Hunt (NASDAQ: JBHT) from Overweight to Sector Weight
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