The Market In 5 Minutes: Playing The Crypto Trend, Holiday Shopping, And A Couple Big Downgrades

IN THE NEWS

Between cryptocurrencies and the Internet of Things, a number of firms boast exposure to the trend. Here are nine opportunities traders are picking: Link

FILA, a mid-market footwear and apparel company that some had left for dead, has shifted its image to an on-trend fashion brand: Link

Wal-Mart Stores Inc. WMT and Amazon.com Inc. AMZN battled to capture spending over the holiday weekend, as the shifts that have upended the retail industry this year were on display: fewer people visited traditional stores on Thanksgiving and Black Friday while online purchases continued to surge: Link

An Obama-era official at the Consumer Financial Protection Bureau sued the Trump administration on Sunday night to block budget director Mick Mulvaney from taking control of the agency: Link

World stocks edged lower on Monday, led by a fall in Chinese share prices and a sell-off in South Korean tech stocks that kept risk appetite muted, while the euro hit a two-month high against the dollar on optimism around German coalition talks: Link

The Senate tax bill is headed for a marathon debate this week with the aim to hold a floor vote as early as Thursday: Link

ECONOMIC DATA

• The new home sales report for October is schedule for release at 10:00 a.m. ET.
• The Dallas Fed manufacturing index for November will be released at 10:30 a.m. ET.
• Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Winona, Minnesota at 6:30 p.m. ET.
• The Treasury is set to auction 6-month bills and 2-year notes at 11:00 a.m. ET.
• The Treasury will auction 3-month bills and 5-year notes at 11:00 a.m. ET.
• New York Federal Reserve Bank President William Dudley will speak in New York at 7:00 p.m. ET.

ANALYST RATINGS

• Bank of America upgraded Ciena CIEN from Neutral to Buy
• Cowen upgraded Constellium CSTM from Market Perform to Outperform
• BTIG Research downgraded Square SQ to Sell
• Loop Capital downgraded Norfolk Southern NSC from Hold to Sell
• UBS downgraded Buffalo Wild Wings BWLD from Buy to Neutral
• Deutsche Bank downgraded SolarEdge SEDG from Buy to Hold

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.