The Market In 5 Minutes: Uber Breach, ITC Rulings, Econ Data, And More
IN THE NEWS
Federal National Mortgage Association (FNMA) CEO Timothy J. Mayopoulos' tone sounded geared more toward social justice than Wall Street during a Detroit visit this week: Link
Many pharmacy investors are concerned that Amazon.com, Inc. (AMZN) could soon enter the pharmacy space by partnering with or acquiring a pharmacy benefit manager. But these concerns may be overblown, at least according to one analyst: Link
Uber Technologies Inc. on Tuesday revealed it paid hackers $100,000 in an effort to conceal a data breach affecting 57 million accounts one year ago, a disclosure that adds to a string of scandals and legal problems for the world’s most highly valued startup: Link
One of the biggest potential casualties of the trade scuffle underway between Mexico and the U.S. is also one of America’s favorite consumer products: cheap, high-definition, flat-panel televisions: Link
The U.S. International Trade Commission on Tuesday recommended tariffs to keep Samsung and LG from flooding the U.S. market with inexpensive washers, a step that would protect American appliance giant Whirlpool Corp (WHR): Link
The U.S. International Trade Commission has ruled in favor of Rovi Corp, which is now known as TiVo Corp (TIVO), and prohibited Comcast Corp (CMCSA) from importing and selling certain types of Rovi’s Xfinity X1 set-top boxes: Link
Federal Reserve officials have penciled in a gradual path for raising interest rates, but minutes of their last meeting may show increasing concern that the U.S. labor market is overheating: Link
Oil headed for its highest close since June 2015 while trading volume surged after U.S. industry data showed crude stockpiles resumed declines and as investors await a decision by OPEC on extending output cuts: Link
ECONOMIC DATA
07:00 a.m. MBA 30-Year Mortgage Rate
07:00 a.m. MBA Mortgage Refinance Index
07:00 a.m. MBA Mortgage Applications (WoW)
07:00 a.m. MBA Purchase Index (WoW)
07:00 a.m. MBA Mortgage Market Index
08:30 a.m. Continuing Claims
08:30 a.m. Durable Goods Ex-Defense (MoM)
08:30 a.m. Durable Goods Orders (MoM)
08:30 a.m. Capital Goods Orders Non-Defense Ex-Air - Revised
08:30 a.m. Core Durable Goods Orders (MoM)
08:30 a.m. Jobless Claims 4-Week Avg.
08:30 a.m. Initial Jobless Claims
10:00 a.m. University of Michigan Consumer Expectations
10:00 a.m. University of Michigan Inflation Expectations - 5 Yr.
10:00 a.m. University of Michigan Consumer Sentiment
10:00 a.m. University of Michigan Current Conditions
10:00 a.m. University of Michigan Inflation Expectations - 1 Yr.
10:30 a.m. EIA Gasoline Output/Production
10:30 a.m. EIA Heating Oil Inventories
10:30 a.m. EIA Gasoline Inventories
10:30 a.m. EIA Distillate Inventories
10:30 a.m. EIA Distillate Output
10:30 a.m. EIA Crude Oil Inventories
10:30 a.m. EIA Crude Imports
10:30 a.m. EIA Cushing Inventories
12:00 p.m. EIA Natural Gas Inventories
01:00 p.m. U.S. Baker Hughes Oil Rig Count
02:00 p.m. FOMC Meeting Minutes
ANALYST RATINGS
Longbow downgraded Cracker Barrel (CBRL) from Buy to Neutral
HSBC downgraded Goldcorp (GG) from Buy to Hold
Jefferies downgraded Tarena International (TEDU) from Buy to Hold
National Securities upgraded Terreno Realty (TRNO) from Neutral to Buy
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