The Market In 5 Minutes: Ebola, Icahn, NAFTA, Semis And More
IN THE NEWS
Brokerage expert Theresa Carey took the temperature of top executives from the sector at the 2018 Benzinga Global Fintech Awards on emerging trends in a sector that’s rapidly shifting to mobile platforms and intersecting with new instruments such as cryptocurrencies: Link
Cowen analyst Matthew Ramsay initiated bullish coverage on several companies in the semiconductor space in a note late Thursday afternoon: Link
Mortgage rates this week jumped to their highest level since 2011, signaling a shift from a period of ultracheap loans to a higher-rate environment that could slow home price appreciation and squeeze first-time buyers: Link $
China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington: Link
An experimental Ebola vaccine to be deployed in an outbreak in Democratic Republic of Congo has conquered some major scientific hurdles in giving high protection, but it now faces extreme real-world tests including heat, humidity, language barriers and lack of roads: Link
President Donald Trump’s chief Nafta negotiator said the U.S., Canada and Mexico are "nowhere near close to a deal" to update the region’s 24-year-old free-trade pact as U.S. lawmakers warn that time is almost up to reach a agreement that can pass the current Congress: Link
Carl Icahn fired off a letter to the board of AmTrust Financial Services (NASDAQ: AFSI) Thursday, blasting the firm for pursuing an “opportunistic going-private transaction” that would squeeze out minority shareholders: Link
ECONOMIC DATA
Federal Reserve Bank of Dallas President Robert Kaplan will speak at 9:15 a.m. ET.
Federal Reserve Governor Lael Brainard is set to speak at 9:15 a.m. ET.
The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
ANALYST RATINGS
Evercore upgraded Marriott (NASDAQ: MAR) from In-Line to Outperform
Piper Jaffray upgraded Mellanox Technologies (NASDAQ: MLNX) from Neutral to Overweight
Jefferies downgraded Carrizo Oil (NASDAQ: CRZO) from Buy to Hold
Imperial downgraded Planet Fitness (NYSE: PLNT) from Outperform to In-Line
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.
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