The Market In 5 Minutes: Netflix, Goldman Sachs, And Morgan Stanley Keep The Earnings Beats Going

IN THE NEWS

Benzinga

Netflix, Inc. NFLX is touching all-time highs yet again after topping sales estimates in the third quarter: Link

Big banks continued reporting their respective earnings reports Tuesday morning. Here is a roundup of how some of Wall Street's biggest banks performed in the third quarter: Link

Amazon.com, Inc. AMZN has developed quite the reputation over the years for dabbling in all kinds of surprising businesses. Some work out in the long term and others don’t, but Amazon’s all-in mentality has made it the mad scientist of the retail sector: Link

Despite strong opposition from former White House Press Secretary Sean Spicer and Attorney General Jeff Sessions, and the overall limitations imposed by federal illegality in the U.S., 2017 is shaping up to be a great year for the North American cannabis industry: Link

Wall Street Journal

General Motors Co. GM plans to become the first company to test self-driving cars in New York City, a move aimed at asserting leadership in the race to develop autonomous cars and a potentially important step toward commercializing the technology: Link

A bug in the software used to connect the world’s wireless devices could give hackers a new way to snoop on Wi-Fi traffic, sending device manufacturers scrambling to release patches: Link

Reuters

A U.S. judge on Monday questioned attorneys defending the Trump administration about a classified report the government is using to justify its latest ban on citizens of some countries from entering the United States: Link

Microsoft Corp’s MSFT secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago, according to five former employees, in only the second known breach of such a corporate database: Link

Bloomberg

Steve Bannon won’t abandon his war against congressional Republican incumbents, not even after President Donald Trump publicly pleaded for a truce that could salvage the tax overhaul at the heart of his legislative agenda: Link

Does the lack of worry in global financial markets worry you? A growing number of hedge fund managers are counting on it: Link

ECONOMIC DATA

• USA Import Prices (MoM) for Sep 0.70% vs 0.50% Est; Export Prices (MoM) for Sep 0.80% vs 0.40% Est
• Redbook Reports US Retail Sales During First 2 Weeks Of Oct. Down 1.4% MoM, Up 3.4% YoY
• USA Industrial Production (MoM) for Sep 0.30% vs 0.30% Est; Manufacturing Production (MoM) for Sep 0.10% vs 0.10% Est
• The housing market index for October is schedule for release at 10:00 a.m. ET.
• The Treasury will auction 4-week bills at 11:30 a.m. ET.

ANALYST RATINGS

• Stifel upgraded Biogen BIIB from Hold to Buy
• Jefferies upgraded Commercial Metals CMC from Hold to Buy
• Keybanc downgraded Tyler Technologies TYL from Overweight to Sector Weight
• Raymond James downgraded Briggs & Stratton BGG from Market Perform to Underperform

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.