In The News
Benzinga
Valentine's Day is naturally associated with flowers, so 1-800-Flowers.Com Inc FLWS is the best pure-play stock on Valentine's Day, right? Not necessarily, at least according to Benchmark's Daniel Kurnos: Link
For Sonny Mendoza, a Mexican-American raised by migrant workers, recent discourse on border control is lacking perspective. And it’s not necessarily the perspective most would expect: Link
At least 188,000 California residents have been evacuated from the Oroville area due to concerns about the integrity of the country’s tallest dam. The latest potential national infrastructure emergency has Americans anxious for President Donald Trump to begin his $1 trillion, 10-year infrastructure spending plan: Link
Height Securities has increased the odds of Border Tax Adjustment (BTA) passage to 75 percent from 60 percent previously: Link
Wall Street Journal
Mike Flynn, President Donald Trump’s national security adviser, resigned Monday as he was under increasing fire over his conflicting statements about his contacts with Russian officials before the inauguration, the White House said: Link
Apple Inc.’s AAPL shares reached their highest closing level ever Monday, as investors bet that the 10th-anniversary iPhone expected later this year will build on renewed momentum at the world’s most valuable company after its worst stumble in years: Link
Teva Pharmaceuticals Industries Ltd. TEVA swung to a loss in its latest quarter on an acquisition write-down as its interim chief executive contends with a deal-driven debt load: Link
Reuters
President Donald Trump swore in former Goldman Sachs banker and Hollywood financier Steven Mnuchin as Treasury secretary on Monday, putting him to work on tax reform, financial de-regulation and economic diplomacy efforts: Link
Bloomberg
A global rally that sent U.S. benchmarks surging to a fresh round of records faltered, as equities from London to Tokyo slid and the dollar dropped amid fresh questions how effective the Trump administration will be in spurring growth. Treasuries steadied: Link
Toshiba Corp. had promised Tuesday would be the day it explained the depth of trouble in its nuclear business. Instead, the company provided hours of chaos that shook investor confidence and raised new questions about the company’s future: Link
Add Goldman Sachs Group Inc.’s chief economist to the list of those concerned that President Donald Trump won’t jumpstart economic growth: Link
New York Post
Viacom, Inc. VIAB Chief Executive Bob Bakish is planning some new senior rank appointments. Sources tell The Post that Scott Mills is poised to get new responsibilities and may be named chief operating officer. The insiders said staffers were being informed of the new structure: Link
Economic Data
- USA PPI (MoM) for Jan 0.60% vs 0.30% Est; Prior 0.30%
- Redbook: US Retail Sales First 2 Weeks Feb +0.4% Vs Jan, Up 0.8% YoY, Up 0.9% Week Ended vs. Year Ago
- Federal Reserve Chair Janet Yellen is set to testify before the Senate Banking Committee at 10:00 a.m. ET.
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
- Atlanta Federal Reserve Bank President Dennis Lockhart is set to speak in Huntsville, Ala. at 12:50 p.m. ET.
- Dallas Federal Reserve Bank President Robert Kaplan will speak in Houston, Texas at 1:00 p.m. ET.
Analyst Meetings
Credit Suisse Energy Summit
Goldman Sachs Tech & Internet Conference
Stifel Transportation and Logistics Conference
SunTrust Orphan Drug Day
Shareholder Meetings
Ohr Pharmaceutical, Inc. OHRP
Analyst Ratings
- Morgan Stanley upgrades Under Armour UAA to Equal-Weight
- PiperJaffray upgrades Carter’s CRI from Neutral to Overweight
- UBS upgrades TerraForm Power TERP from Sell to Neutral
- Citigroup downgrades American Axle AXL from Buy to Neutral
- Mizuho downgrades Depomed DEPO from Buy to Neutral
- Argus Research downgrades Johnson Controls JCI from Buy to Hold
Notable Options Recap
- EMKR Emcore Feb 10.0 Calls Sweep: 500 @ ASK $0.35: 571 traded vs 406 OI: Earnings 5/4 After Close (est) $9.65 Ref
- GPRO GoPro Feb 12.0 Calls: 1000 @ ASK $0.01: 1637 traded vs 11k OI: Earnings 5/4 After Close (est) $9.02 Ref
- AERI Aeri Pharma Mar 50.0 Calls Sweep: 553 @ ASK $2.40: 583 trade
- TMUS T-Mobile Feb 60.0 Puts Sweep: 942 @ ASK $1.15: 1194 traded vs 1823 OI: Earnings tmrrw Before Open $60.42 Ref
- CCJ Cameco Feb 11.5 Calls Sweep: 777 @ ASK $0.35: 834 traded vs 94 OI: Earnings 4/27 Before Open (est) $11.61 Ref
- VRX Valeant Feb 17.5 Puts Sweep: 2330 @ ASK $2.43: 4061 traded vs 9643 OI: Earnings 2/28 Before Open $15.10 Ref
- HTZ Hertz Feb 20.0 Puts: 500 @ ASK $0.50: 3748 traded vs 2555 OI: Earnings 3/6 After Close (est) $20.25 Ref
- YUM YUM Feb 68.0 Calls Sweep: 616 @ ASK $1.27: 877 traded vs 584 OI: Earnings 5/3 Before Open $68.81 Ref
- CRM Salesforce Feb 80.0 Calls Sweep: 1200 @ ASK $1.28: 1268 traded vs 4528 OI: Earnings 2/28 After Close $80.59 Ref
- WTW Weight Watchers Feb 12.0 Puts: 500 @ ASK $0.05: 500 traded vs 2805 OI: Earnings 2/23 After Close (est) $12.86 Ref
- CBI Chicago Bridge Feb 32.5 Calls Sweep: 625 @ ASK $1.90: 625 traded vs 2079 OI: Earnings 2/23 Before Open (est) $33.95 Ref
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