IN THE NEWS
BENZINGA
Netflix, Inc. NFLX's business model has served it well for long, as reflected by its strong financial performance and solid stock showing. No wonder it's being aped by others in a bid to taste at least some degree of success as the original did. Link
An email circulated last week alerting researchers at the Center for Biologics Evaluation and Research (CBER) White Oak Campus that all common area television monitors were being changed from CNN to FOX News at the request of administrative officials. However, a spokesperson for the U.S. Food and Drug Administration, which runs the CBER, challenged the memo’s veracity: Link
Apple Inc. AAPL CEO Tim Cook promised investors back in January its Services business would become the size of a Fortune 100 company in 2017 and then double in size within four years: Link
THE WALL STREET JOURNAL
Comcast Corp. CMCSA and Charter Communications Inc. CHTR are striking a wireless partnership, people familiar with the matter said, as the cable giants look to get a piece of the cutthroat business: Link
Emmanuel Macron was elected president of France Sunday in a victory for a political newcomer who campaigned on promises to reform France’s heavily regulated economy and fight a tide of nationalism sweeping the European Union: Link
REUTERS
Facebook FB has launched a British newspaper advertising campaign to warn users of the dangers of fake news, in the latest drive by the social media giant to tackle malicious information ahead of a national election: Link
China's import growth slowed faster than expected in April, as inbound shipments of commodities such as iron ore and copper weakened, while export growth more than halved, in line with a general cooling in demand for electronic gadgets: Link
BLOOMBERG
Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling down on an effort to eliminate a supply surplus just as its impact on prices wanes: Link
In 1989, Sears Roebuck & Co. SHLD ruled America as its biggest retailer. It loomed over rivals from a perch high above Chicago, inside what was once the world’s tallest building—one bearing the company’s name. The fall from that height may finally be nearing an end: Link
ECONOMIC DATA
- St. Louis Federal Reserve Bank President James Bullard is set to speak in Fernandina Beach, Florida at 8:35 a.m. ET.
- Cleveland Federal Reserve President Loretta Mester will speak in Chicago IL at 8:45 a.m. ET.
- The Labor Market Conditions Index for March is schedule for release at 10:00 a.m. ET.
- The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
- The TD Ameritrade Investor Movement Index for April will be released at 12:30 p.m. ET.
ANALYST RATINGS
- Wells Fargo Upgraded Williams Cos. WMB from Market Perform to Outperform
- Goldman Upgraded Total System Services TSS From Neutral To Buy
- Stifel Upgrades Buckeye Partners BPL From Hold to Buy
- Goldman downgraded Micron MU from Buy to Hold
- Wunderlich downgraded Hercules Capital HTGC from Buy to Hold
- D.A. Davidson downgraded Louisiana-Pacific LPX 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.