The Market In 5 Minutes: Netflix Dominates, Goldman Sachs Keeps Banks Flowing

Below 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. Apply for daily AM access by clicking here or email minutes@benzinga.com.

Macro Focus

Futures for the Dow Jones Industrial Average climbed 73 points to 18,086.00, while the Standard & Poor’s 500 index futures gained 10.50 points to 2,133.50. Futures for the Nasdaq 100 index surged 27.50 points to 4,830.75.

Oil prices traded higher as Brent crude futures gained 0.80 percent to trade at $51.93 per barrel, while US WTI crude futures also rose 0.81 percent to trade at $50.78 a barrel.

USA CPI (MoM) for Sep 0.30% vs 0.30% consensus estimate. CPI (YoY) for Sep 1.50% vs 1.50% consensus estimate.

Redbook Reports US Retail Sales During First Two Weeks of Oct. Unch MoM, Up 0.7% YoY

The housing market index for October will be released at 10:00 a.m. ET.
The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
The Treasury International Capital data for August will be released at 4:00 p.m. ET.

BZ News Desk Focus

Goldman Sachs GS Reports Q3 EPS $4.88 vs $3.79 Est., Sales $8.17B vs $7.4B Est.
Netflix NFLX Reports Q3 EPS $0.12 vs. Est. $0.06, Rev. $2.29B vs. Est. $2.28B
Domino's Pizza DPZ Reports Q3 EPS $0.96 vs $0.89 Est., Sales $566.7M vs $542M Est.
IBM IBM Reports Q3 EPS $3.29 vs. Est. $3.24, Rev. $19.2B vs. Est. $19B
United Air UAL Reports Q3 EPS $3.11 vs $2.88 Est., Sales $9.913B vs $9.89B Est.
BlackRock BLK Q3 EPS $5.14 vs $4.98 Est., Revenue $2.84B vs $2.88B Est.
Johnson & Johnson JNJ Q3 EPS $1.68 vs $1.65 Est., Revenue $17.8B vs $17.7B Est.
Harley Davidson HOG Q3 EPS $0.64 vs $0.64 Est., Revenue $1.09B vs $1.09B Est.

Sell-Side Themes

Several Wall Street firms initiated coverage on Apptio APTI, although the ratings varied from neutral to Outperform. The price targets ranged form $21 to $29 per share.

Sell-Side's Most Noteworthy Calls

Raymond James downgraded Chipotle CMG to Underperform.
Goldman Sachs downgraded Oasis Petroleum OAS to Sell.
Barclays upgraded Intel INTC to Overweight.
Bank of America upgraded Packaging Corp. Of America PKG to Buy.
Wells Fargo started Costco COST at Market Perform.
Leerink initiated AbbVie ABBV at Market Perform.
Credit Suisse started Sarepta SRPT at Outperform.

Deal Talk

Cerberus in talks to acquire Staples SPLS stores in Europe, according to a report from The Telegraph.

Shares of 21Vianet VNET spiked to a high of $7.24 Monday, following unconfirmed chatter that the company could be taken private. A consortium, consisting of Chen Sheng, Kingsoft and Tsinghua Unigroup withdrew its "going private" proposal for the largest carrier-neutral Internet and data center service provider in China back in July.

In The News

U.S. labor unions are plowing money into the 2016 elections at an unprecedented rate in a frenzied effort to help elect Hillary Clinton and give Democrats a majority in the Senate. According to the most recent campaign-finance filings, unions spent nearly $110 million on the elections from January 2015 through the end of August, a 38 percent jump from $78 million at the same point in the 2012 election, and nearly double their 2008 total during the same period.

Melania Trump defended Donald Trump against allegations that he sexually assaulted women, saying in a rare interview Monday night that her husband was "egged on" to make lewd comments about women that were caught on tape in 2005.

Blogosphere

"While many of the best investors are able to clearly communicate their philosophy," says the Irrelevant Investor, "many of the investors that have earned their legendary status might not be able to get to the root of what drove their success."

Guess This Chart

CEO Doug Oberhelman announced on Monday he will be retiring in 2017.
Greenlight Capital's David Einhorn announced at the 2016 Sohn Investment Conference that he is short this stock.
Sympathy plays include Joy Global and Cummins.

Market News and Data brought to you by Benzinga APIs

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