The Market In 5 Minutes: Alphabet, Amazon, Apple, Bitcoin, And Flamethrowers

IN THE NEWS

Amazon.com AMZN shares reversed loses from the regular session after delivering a fourth quarter earnings beat: Link

Take-Two Interactive Software TTWO shares fell sharply after the company announced the delay of Red Dead Redemption 2. Benzinga spoke to analysts who don't agree with the market: Link

Apple’s AAPL revenue rose 13% to $88.29 billion... the company, whose profits topped $20 billion for the first time, is also increasingly benefiting from its services business, including App Store sales and music and payments services: Link $

President Donald Trump is expected to tell lawmakers as early as Friday that he has approved the release of a classified memo that Republicans allege shows improper surveillance of one of the president’s former campaign aides, a White House official said Thursday: Link $

Bitcoin plunged below $9,000 on Friday, extending its sharp rout since the start of the year in a selloff triggered by a widening regulatory crackdown on cryptocurrencies: Link $

All of the almost 3,000 athletes competing at the upcoming Pyeongchang Winter Olympics are set to get perks including the latest $1,100 Samsung smartphones, top of the range new equipment to take home and sleek Nike NKE uniforms. All except perhaps the 22 athletes from North Korea: Link

Elon Musk sold-out of $500 flamethrowers put on sale last week. Bloomberg likens the product's marketing to initial coin offerings, operating on internet hype: Link

For activist investors, executive pay has become even more important in the years since the financial crisis, which underscored how poorly thought-out incentive structures can motivate bad behavior: Link

ECONOMIC DATA

  • USA Nonfarm Payrolls for Jan 200.0K vs 184.0K Est; Prior 148.0K. Private Payrolls for Jan 196.0K vs 180.0K Est; Prior 146.0K
  • Unemployment Rate for Jan 4.10% vs 4.10% Est; Prior 4.10%
  • The University of Michigan's consumer sentiment index for January is schedule for release at 10:00 a.m. ET.
  • Data on factory orders for December will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
  • Dallas Federal Reserve Bank President Robert Kaplan is set to speak in Austin, Texas at 1:30 p.m. ET.
  • San Francisco Federal Reserve Bank President John Williams will speak in San Francisco at 3:30 p.m. ET.

ANALYST RATINGS

  • Stifel upgraded Viavi VIAV from Hold to Buy
  • Stifel downgraded Alphabet GOOGL from Buy to Hold
  • KeyBank downgraded Apple from Overweight to Sector Weight
  • Barclays downgraded Mallinckrodt MNK from Equal-Weight to Underweight

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGlobalTop StoriesPre-Market OutlookMarketsMarket in 5 minutes
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!