The Market In 5 Minutes: Tuesday, March 8, 2016
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S&P 500 futures flirt with 2,000 for the first time since early 2016.
Chinese exports experience third worst drop on record, down 25.4 percent year-over-year. Expectations were -14.5 percent decline.
Thursday's ECB meeting is almost here. Credit Suisse says the market is already pricing in interest rate cuts.
Over 300,000 troops conduct war games in Korean peninsula as North Korea threatens war.
NFIB Small Business Optimism Index indicates pessimism. Latest index at 92.9 vs. 94.0 expectations.
It's primary day for four states. Hawaii, Idaho, Michigan and Mississippi. Trump (384) leads Cruz (300) in delegates, while Clinton (1,130) leads Sanders (499).
BZ Desk Focus
Sunedison (NYSE: SUNE) stock spikes after Vivint Solar (NYSE: VSLR) terminates merger agreement with company. TerraForm Power (NASDAQ: TERP) and SolarCity (NASDAQ: SCTY) investors both respond positively.
Axiom's Gordon Johnson tells Benzinga market reaction in Sunedison specifically is wrong, says he "firmly disagrees" on stock spike.
JetBlue (NASDAQ: JBLU) sells off after RASM disclosure; company says it's facing troubles in Latin America but does not mention Zika specifically.
Performance Sports Group (NYSE: PSG) down 60 plus percent after significant guidance cut. Firm cut full year EPS outlook to 12-14 cents from 66-69 cents.
Urban Outfitters (NASDAQ: URBN) up after earnings beat and several analyst reiterations.
Valeant (NYSE: VRX) sets earnings release date of March 15. Mizuho says it expects Valeant to lower full year revenue guidance to $11.7 billion.
Snapchat expects sales to grow 6X or 7X from last year.
Boston Beer (NYSE: SAM) facing bearishness from Citi [Sell] and CLSA [Underperform] amid increasing competition.
Both Citi and Axiom's Gordon Johnson say the iron ore price surge is unsustainable.
Brean [Buy], UBS [Neutral], FBR [Market Perform], Cowen [Market Perform], Macquarie [Neutral], Credit Suisse [Neutral] and Stifel [Buy] back Urban Outfitters. Most raise price targets.
Sell-Side's Most Noteworthy Calls
Markets are at "major" inflection point, MND's Tim Anderson says.
Prestige Brands (NYSE: PBH) new Overweight at Keybanc.
Burberry takeover chatter circulates British exchange.
Fitbit-Nike chatter circulating (see above).
Outlets reporting HSBC Brazilian unit sale expected to receive ruling from Brazil's CADE regulatory body next month.
Notable Media Stories
Banning some high-frequency trading helped the market grow.
China electric vehicles sales rose over 200 percent last year.
Bank of England governor says E.U. has helped U.K.
Here's why the poor pay more for everyday items than rich people.
Business Insider calls gender pay gap "overblown."
New study says oil refiners and gasoline consumers did not benefit from ethanol tax credit.
Statisticians say we should stop misusing P-values.
Jae Jun on why most investors fail in the stock market.
Check out the "folk theory" of economic cycles.
Berkshire (NYSE:BRK.B) seen as better bet than...small-cap stocks as a whole.
Josh Brown says "Money Monster" premise is "absurd."
ValueWalk discusses Morgan Stanley's "when you think of something do the opposite" investment advice.
Paul Ryan is helping spread "the most horrendous lie on Wall Street."
Perry Capital warns of 2008-style credit crisis coming.
Trending On Social
SHAK, URBN, NKE, JDST, OKS, OMER, VZ, CMI, GOOG, AMZN [StockTwits].
Latest Ratings for AXP
|Oct 2016||Bank of America||Upgrades||Underperform||Neutral|
|Jun 2016||Goldman Sachs||Maintains||Neutral|
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