The Market In 5 Minutes

IN THE NEWS

BENZINGA

With the din around Snap Inc SNAP’s IPO settling down, it's time to take stock of how fundamentals stack up. This assumes importance, especially as the stock's valuation looks overstretched on the back of strong gains in the first two trading sessions since its listing: Link

Tesla Inc TSLA and SpaceX CEO Elon Musk has already booked the company’s first two private customers for a trip to the moon: Link

After being one of last year's best-performing sectors, the industrial sector is again proving solid. To start 2017, The Industrial Select Sector SPDR Fund XLI, the largest exchange-traded fund dedicated to industrial stocks, is higher by 6.6 percent: Link

Deutsche Bank DB fell after the company confirmed it was preparing to raise approximately 8 billion euros ($8.47 billion) and consider strategic measures. Link

THE WALL STREET JOURNAL

The Federal Bureau of Investigation has asked the Justice Department to publicly rebut President Donald Trump’s accusation that he was wiretapped by his predecessor, people familiar with the matter said, raising the specter of a clash within the administration over probes into the Trump campaign and Russia: Link

General Motors Co. GM on Monday said it had agreed to sell its European operations, taking a charge of at least $4 billion, as the U.S.’s biggest auto maker withdraws from a region where it hasn’t made money for almost two decades: Link

The first case of highly pathogenic avian influenza to strike a commercial poultry flock in more than a year has been found on a Tennessee chicken farm affiliated with Tyson Foods Inc. TSN, government and company officials confirmed Sunday: Link

REUTERS

North Korea fired four ballistic missiles into the sea off Japan's northwest on Monday, angering South Korea and Japan, days after it promised retaliation over U.S.-South Korea military drills it sees as a preparation for war: Link

President Trump will remove Iraq from a list of countries targeted in a U.S. travel ban when he is expected to sign a new executive order on Monday after his controversial first attempt was blocked in the courts, a White House source said: Link

BLOOMBERG

Russian hackers are targeting U.S. progressive groups in a new wave of attacks, scouring the organizations’ emails for embarrassing details and attempting to extract hush money, according to two people familiar with probes being conducted by the FBI and private security firms: Link

By offering customers unlimited data, Verizon Communications Inc. VZ is putting at risk the one thing that made it America’s wireless king: Its network: Link

ECONOMIC DATA

• Data on factory orders for January will be released at 10:00 a.m. ET.
• The TD Ameritrade Investor Movement Index for February is scheduled for release at 12:30 p.m. ET.
• The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
• Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Washington, D.C. at 3:00 p.m. ET.

ANALYST RATINGS

• Jefferies upgraded Dow Chemical DOW from Hold to Buy
• UBS upgraded Netflix NFLX from Neutral to Buy
• BMO Capital upgraded FedEx FDX from Market Perform to Outperform
• Goldman Sachs downgraded GoPro GPRO from Neutral to Sell
• UBS downgraded Time Warner TWX from Buy to Neutral
• Bank of America downgraded MetLife MET from Buy to Neutral

NOTABLE OPTION ALERTS

• Accorda Therapeutics (ACOR) Mar 24.0 Puts Sweep: 1614 @ ASK $2.40: 2709 traded vs 361 OI: Earnings 4/27 Before Open (est) $27.20 Ref
• Post Holdings (POST) Jun 95.0 Calls Sweep: 642 @ ASK $1.446: 642 traded vs 43 OI: Earnings 5/4 After Close (est) $84.15 Ref
• Pandora (P) Apr 13.0 Calls: 1200 @ ASK $0.73: 2355 traded vs 1000 OI: Earnings 4/27 After Close (est) $12.65 Ref
• Pattern En Gp (PEGI) Jun 20.0 Puts Sweep: 500 @ ASK $1.20: 500 traded vs 380 OI: Earnings 5/9 Before Open (est) $20.11 Ref
• Western Digital (WDC) Jul 65.0 Calls Sweep: 2328 @ ASK $14.299: 2328 traded vs 96 OI: Earnings 4/27 After Close (est) $77.16 Ref
• Akamai (AKAM) Mar 62.0 Puts Sweep: 581 @ ASK $0.54: 581 traded vs 46 OI: Earnings 4/25 After Close (est) $63.30 Ref
• Sunoco (SXL) Log Apr 26.0 Calls Sweep: 676 @ ASK $0.90: 1778 traded vs 40 OI: Earnings 5/3 After Close (est) $25.66 Ref
• Rite Aid (RAD) Mar 6.5 Calls: 2573 @ ASK $0.03: 3000 traded vs 830 OI: Earnings 4/25 Before Open (est) $5.51 Ref
• Pandora (P) Mar 13.5 Calls Sweep: 855 @ ASK $0.291: 931 traded vs 13k OI: Earnings 4/27 After Close (est) $12.85 Ref
• Rite Aid (RAD) Jul 4.0 Puts Sweep: 1732 @ ASK $0.20: 1732 traded vs 7147 OI: Earnings 4/25 Before Open (est) $5.55 Ref
• Salesforce (CRM) Apr 90.0 Calls: 4424 @ ASK $0.80: 5003 traded vs 19k OI: Earnings 5/17 After Close (est) $82.03 Ref
• Mimedx (MDXG) Sep17 7.5 Puts: 2000 @ ASK $1.15: 4500 traded vs 80 OI: Earnings 4/25 Before Open (est) $8.44 Ref
• Fred's (FRED) Oct $10 Put; 2500 @Bid @$1.20
• Mimedx (MDXG) ep17 7.5 Puts Sweep: 1437 @ ASK $1.05: 1784 traded vs 80 OI: Earnings 4/25 Before Open (est) $8.55 Ref
• Wayfair (W) May 35.0 Puts: 5000 @ ASK $2.65: 5010 traded vs 1311 OI: Earnings 5/9 Before Open (est) $36.62 Ref
• Ensco (ESV) Mar 10.0 Calls Sweep: 10519 @ ASK $0.466: 11k traded vs 1424 OI: Earnings 4/26 After Close (est) $9.92 Ref
• Immersion (IMMU) Aug 7.5 Put; 3000 @Bid @$0.65
• Iconix Brand (ICON) Gp Aug 10.0 Calls Sweep: 667 @ ASK $0.55: 667 traded vs 645 OI: Earnings 5/4 Before Open (est) $7.67 Ref
• Nike (NKE) Mar 24th 57.0 Puts: 2502 @ ASK $1.43: 5001 traded vs 69 OI: Earnings 3/21 After Close $57.30 Ref