IN THE NEWS
The Ira Sohn Investment Conference moved multiple stocks Monday as the Street’s most prosperous and prescient investors proposed
their best trades. Here’s what they had to say:
Link
Six months after its debut, Pandora Media Inc (NYSE: P)’s Premium Access has recorded more than 6.5 million listeners and more than 55
million total sessions, a company spokesperson told Benzinga:
Link
The Trump administration is at odds with American companies over a proposed rule change to the North American Free Trade
Agreement that is endangering a bright spot—energy—in contentious treaty talks:
Link $
Google parent Alphabet Inc. (NASDAQ: GOOGL) posted surging profits as advertisers kept swarming to the search giant
amid a global debate about internet privacy that threatens to affect its main revenue generator:
Link $
Facebook Inc (NASDAQ: FB) on Tuesday
released a rule book for the types of posts it allows on its social network, giving far more detail than ever before on what is
permitted on subjects ranging from drug use and sex work to bullying, hate speech and inciting violence:
Link
Takeda Pharmaceutical Co. is nearing a preliminary agreement to acquire Shire Plc (NASDAQ:
SHPG) after the Japanese drugmaker sweetened its roughly $60
billion bid for the biotechnology company, according to people with knowledge of the matter:
Link
Former President George H.W. Bush has been hospitalized in Houston with an infection, just after attending the funeral of his
wife, Barbara, a spokesman said Monday:
Link
ECONOMIC DATA
- Redbook Reports US Retail Sales During First 2 Weeks Of Apr. Up 0.3% MoM, Up 2.8% YoY
- USA S&P/CaseShiller House Price Index (MoM) for Feb Up 0.7% MoM
- New home sales report for March will be released at 10:00 a.m. ET.
- The Conference Board’s consumer sentiment index for April is schedule for release at 10:00 a.m. ET.
- The Richmond Fed manufacturing index for April will be released at 10:00 a.m. ET.
- The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.
- The Treasury will auction 2-year notes at 1:00 p.m. ET.
ANALYST RATINGS
- Leerink upgraded Cardinal Health (NYSE: CAH) from Market Perform to Outperform
- Berenberg upgraded Emerson Electric (NYSE:
EMR) from Sell to Hold
- Mizuho downgraded Skyworks (NASDAQ: SWKS) from Buy to Neutral
- BMO downgraded Texas Roadhouse (NASDAQ:
TXRH) from Outperform to Market Perform
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