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IN THE NEWS

BENZINGA

Snap Inc (NYSE: SNAP) low present rate of monetization and high engagement within its core demographic should “enable significant revenue growth and margin leverage,” according to a Citigroup analyst: Link

The gap between the entrepreneurial ambitions of millennials and their follow-through could be explained by the boogeyman under the collective millennial bed: Student loan debt. Link

The journey is just beginning for Glenn King, a researcher whose team found that the world’s most poisonous spider could provide fast treatment for stroke victims and stop their brain cells from burning out: Link

THE WALL STREET JOURNAL

Stocks around the world fell Monday, putting the Dow Jones Industrial Average on track for its longest losing streak since 2011 as doubts about the Trump administration’s ability to push through on campaign promises percolated through global markets: Link

A Chinese court has overturned a ruling against Apple Inc. (NASDAQ: AAPL) over iPhone patents, a win for the tech giant in one of its toughest markets: Link

Uber Technologies Inc. said on Saturday it is suspending testing of its autonomous vehicles after one of the autos was involved in an accident in Tempe, Ariz., a dramatic halt to one of the most high-profile self-driving programs: Link

REUTERS

Dow Chemical (NYSE: DOW) and DuPont (NYSE: DD) gained conditional EU antitrust approval on Monday for their $130 billion merger by agreeing to significant asset sales, one of a trio of mega mergers that will redraw the agrochemicals industry: Link

As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto lenders, Moody's Investors Service said in a report released on Monday: Link

BLOOMBERG

One year ago this week, Tesla Inc (NASDAQ: TSLA)'s Elon Musk took to a stage to unveil his most important vehicle yet: the $35,000 Model 3. The electric five-seater accelerates as fast as the the best-selling luxury sport sedans in America—the BMW 3 Series and the Mercedes C Class—and costs about the same: Link

The Pentagon is poised to review -- and probably approve -- a new helicopter from Lockheed Martin Corporation (NYSE: LMT) to transport heavy cargo for the Marine Corps in a program valued at as much as $29 billion: Link

NY POST

Goldman Sachs (NYSE: GS) has at least one billion reasons to hope President Trump’s paring back of Dodd-Frank will include the Volcker Rule: Link

ECONOMIC DATA

  • 10:30 a.m. Dallas Fed Manufacturing Business Index
  • 11:30 a.m. 6-Month Bill Auction
  • 11:30 a.m. 3-Month Bill Auction
  • 1 p.m. 2-Year Note Auction
  • 1:15 p.m. Chicago Fed President Evans Speaks
  • 6:30 p.m. FOMC Member Kaplan Speaks

ANALYST RATINGS

  • Piper Jaffray upgraded Best Buy Co (NYSE: BBY) from Neutral to Overweight
  • Wells Fargo upgraded Allscripts Healthcare (NASDAQ: MDRX) from Market Perform to Outperform
  • Mizuho upgraded Universal Health Service (NYSE: UHS) from Neutral to Buy
  • Piper Jaffray downgraded The Michaels Companies (NASDAQ: MIK) from Overweight to Neutral
  • JMP Securities downgraded KB Home (NYSE: KBH) from Market Outperform to Market Perform
  • Raymond James downgraded Sierra Wireless Inc. (NASDAQ: SWIR) from Outperform to Market Perform

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