The Market In 5 Minutes

IN THE NEWS

BENZINGA

Lululemon Athletica inc. LULU was crushed after hours Wednesday, following bad forward guidance provided by the athletic apparel brand's Q4 release: Link

In the years ahead, some of the most dominant names in Internet technology could extend their lead over the competition: Link

Following the failure of the healthcare bill, the Trump administration is planning a bipartisan effort to concurrently drive tax reform and infrastructure spending: Link

World Wrestling Entertainment, Inc. WWE fans and investors are gearing up this week for the company’s biggest event of the year: WrestleMania. But not all of Vince McMahon's ventures have been a success. Link

THE WALL STREET JOURNAL

President Donald Trump ran for office promising changes to the H-1B visa program, which brings high-skilled foreign workers to the U.S. But come Monday, the government opens another round of applications using rules that have long been in place: Link

After spending years fighting Amazon.com Inc. AMZN to force it to collect sales taxes, U.S. states are turning their attention to the individuals and small companies that account for a growing share of the online marketplace’s sales: Link

REUTERS

Billionaire hedge fund manager Bill Ackman has apologized to clients for betting on Valeant Pharmaceuticals International Inc VRX, telling them he was "deeply and profoundly sorry" for losing so much of their money on the investment: Link

U.S. House of Representatives Speaker Paul Ryan, the top Republican in Congress, said he does not want President Donald Trump to work with Democrats on new legislation for revamping the country's health insurance system, commonly called Obamacare: Link

BLOOMBERG

Dropbox Inc. is opening a $600 million credit facility from six banks led by JPMorgan Chase & Co. JPM, said people familiar with the plans, as the cloud file-sharing startup pushes toward an initial public offering as soon as this year: Link

Many of America’s biggest corporations including Apple Inc. AAPL and Wal-Mart Stores Inc. WMT are sticking by their pledges to fight climate change even as President Donald Trump guts his predecessor’s environmental policies: Link

NY POST

An initial public offering has long been in the cards for BuzzFeed, but a new report says the digital news and entertainment site will take itself public next year: Link

ECONOMIC DATA

• USA GDP (QoQ) for Q4 2.10% vs 2.00% consensus estimate. The prior reading was 1.90%.
• Initial Jobless Claims for Mar 24 258.0K vs 248.0K consensus estimate; Continuing Claims for Mar 17 2.05M vs 2.02M consensus estimate.
• Cleveland Federal Reserve Bank President Loretta Mester is set to speak in Chicago, Ill. at 9:45 a.m. ET.
• The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
• Dallas Federal Reserve Bank President Robert Kaplan will speak in Washington, D.C. at 11:00 a.m. ET.
• San Francisco Federal Reserve Bank President John Williams is set to speak in New York at 11:15 a.m. ET.
• Data on farm prices for March will be released at 3:00 p.m. ET.
• New York Federal Reserve Bank of President William Dudley will speak in Sarasota, Florida at 4:30 p.m. ET.
• Data on money supply for the recent week will be released at 4:30 p.m. ET.

ANALYST RATINGS

• UBS upgraded ConocoPhillips COP from Neutral to Buy
• Barclays upgraded Global Payments GPN from Equal-Weight to Overweight
• Goldman Sachs upgraded CyberArk Software Ltd. CYBR from Neutral to Buy
• Susquehanna downgraded Lululemon from Positive to Neutral
• Morgan Stanley downgraded Cypress Semiconductor CY from Equal-Weight to Underweight
• Goldman Sachs downgraded Goodyear Tire & Rubber GT from Buy to Neutral

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 or email minutes@benzinga.com.