The Market In 5 Minutes: Friday, March 4, 2016
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Non-farm Feb. payrolls smash expectations. 242K vs 190K est.
Private payrolls hit 230K vs 185K est.
Feb. unemployment rate unchanged at 4.9 percent, but job losses continue in mining.
No update after North Korea says it's ready to use nukes at a moment's notice Thursday night.
"Maybe no one" won Thursday night's GOP debate.
China releases its new five-year plan this weekend.
Natural gas could be in for bad summer.
Bluebird Bio (NASDAQ: BLUE) spikes after positive Piper Jaffray and Wells Fargo commentary on Lenti-D data; Piper calls it "very promising."
Auto bubble talk not ending.
Brexit likelihood being modeled. Credit Suisse/ICM data shows likelihood now near 40 percent, was 32 percent last summer.
Sell-Side's Most Noteworthy Calls
Monsanto (NYSE: MON) downgraded at Goldman Sachs [Sell].
Morgan Stanley says Under Armour (NYSE: UA) can make $14 billion off Steph Curry.
Marsh & McLennan (NYSE: MMC) upgraded at Goldman Sachs [Conviction Buy].
Nimble Storage (NYSE:NMBL) downgraded at Piper Jaffray [Neutral].
Evercore ISI upgrades JC Penney (NYSE: JCP) [Buy] with 40-50 percent upside call.
Dougherty downgrades Ambarella (NASDAQ: AMBA) [Neutral] month after upgrade.
Oppenheimer calls for S&P 2,300.
Snapchat raises $175 million from Fidelity.
Market also believes Tumi (NYSE: TUMI) takeover from Samsonite for $26.75 per share.
Notable Media Stories
Low oil hurts evil regimes, dictators [Bloomberg].
China may never fix its "zombie" factory problem [WSJ].
Funds are trimming their startup valuations [WSJ].
Dry bulk CEO warns of coming bankruptcies [ZeroHedge].
Yale economist sees bubbles everywhere [CNBC].
American distrust may be hurting the labor market [Brookings].
You can build your own robo advisor [Alpha Architect].
Sustainable projects will cost almost $8 trillion over next 15 years and someone has to pay for it [McKinsey].
Simultaneous declines in capital and commodities have led economic crisis before, and it's happening again [NBER].
Coffee prices still 50 percent off peak made in 2011, mid-90s [FRED].
The autonomous car market is worth $270 billion [Capital Market Labs].
The ideal Donald Trump trade is long Gold, short China [ValueWalk].
Biotechs are weak link in market [Price Action Lab].
Trending On Social
RIG, CHK, IWM, WLL, WFT, AAPL, X, GPRO, KO, MDVN [StockTwits].
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