IN THE NEWS
Ten-year U.S. Treasury yields hit 3 percent on Tuesday for the first time since 2014, but the stock market hasn’t initially
reacted the way investors might expect:
Link
Ahead of Facebook's (NASDAQ: FB) report
this afternoon, Twitter Inc (NYSE: TWTR)
reported a Q1 earnings beat: Link
The pop in investments combined with returned volatility has been a boon to brokerages, which make more money when their clients
are more active:
Link
Investors once attracted to the steady payouts of companies selling staples like breakfast cereal, toothpaste and razors are
shopping elsewhere:
Link $
Takeda Pharmaceutical Co. moved closer to securing a $64 billion takeover of Shire PLC
(NASDAQ: SHPG) after the target said it was willing to
recommend that shareholders accept the Japanese firm’s latest proposal and extended a deadline to reach a definitive agreement:
Link $
China is looking for billions of dollars in funds to propel its domestic ambitions in chips to cut a heavy reliance on imports,
and has invited overseas investors to help it get there:
Link
A huge swath of the corporate bond market is looking increasingly vulnerable:
Link
President Trump’s Department of Justice gave its expert witness a second chance on Tuesday to make a convincing case against
AT&T’s (NYSE: T) proposed $85 billion buyout
of CNN-owner Time Warner (NYSE: TWX):
Link
ECONOMIC DATA
- US MBA mortgage applications w.e. 20 April -0.2% vs +4.9% prior
- The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m.
ET.
- The Treasury is set to auction 5-year notes at 1:00 p.m. ET.
ANALYST RATINGS
- BMO upgraded Disney (NYSE: DIS) from
Underperform to Market Perform
- Stifel upgraded Alphabet (NASDAQ: GOOGL) from Hold to Buy
- Jefferies downgraded Fiat Chrysler (NYSE:
FCAU) from Buy to Hold
- Stifel downgraded Floor & Decor (NYSE: FND) from Buy to Hold
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