The Market In 5 Minutes: Wednesday, March 9, 2016
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Thursday's ECB meeting is almost here. German savings banks have warned the ECB that lower rates would harm financial stability.
Jeff Gundlach tells investors the stock market has 2 percent upside but 20 percent downside.
IBIS World says solar market will grow 6.5 percent a year through 2021, sees low risk to this forecast because of "high industry assistance [from government]" and favorable semiconductor prices.
Russian energy minister says no time or place has been agreed on for a meeting between OPEC and non-OPEC nations; crude futures and energy stocks sell off.
The EIA says U.S. oil production is below what it was a year ago.
North Korea claims it has miniature nuclear weapons.
BZ Desk Focus
Source close to Oprah Winfrey Network says Oprah and ABC are not planning four-part series featuring Weight Watchers (NYSE: WTW). Stock previously spiked off rumor show was in planning stages.
Valeant (NYSE: VRX) confirms it has added three new independent board members. Pershing Square Vice Chair added.
Dick's Sporting Goods (NYSE: DKS) getting support from analysts. Brean [Buy], UBS [Buy], Goldman [Neutral], RBC [Sector Perform], Baird [Neutral] and Susquehanna [Positive] maintain ratings.
Analysts on the whole like FireEye (NASDAQ: FEYE) after analyst day held in New York. JMP [Market Perform], Oppenheimer [Outperform], Piper Jaffray [Overweight], Wedbush [Neutral] and Morgan Stanley [Equal-weight] all commented on shares, agreeing that 2016 will be pivotal.
Sell-Side's Most Noteworthy Calls
Drexel's Brian White says the Taiwanese LCD market is getting worse.
Morgan Stanley data shows MGM China is the most efficient Macau operator.
INRIX to acquire OpenCar, Wall Street Journal reports.
ICE reportedly lining up financing for LSE bid.
Swiss Re said to be in talks to buy Prime Reinsurance from Citi.
Notable Media Stories
Coal is losing the battle for the U.S. market badly.
The China intervention trade is back.
The IMF is sounding the alarm: is anyone listening?
Everything the Donald Trump infomercial was wrong about.
Don't worry about an interest rate hike.
Josh Brown's take on the 7-year bull market.
Reddit AMA on the founders of FactorWave, a company brining peer-reviewed finance research to the crowd.
Roubini asks: Are we in 2008 all over again?
Former Fed president: We injected cocaine and heroin into the system.
Cypress Semiconductor (NASDAQ: CY) shares rise after 7.1 percent stake by Three Bays Capital.
Trending On Social
CMG, UNG, CVX, BTU, JBLU, FCEL, VTL, CFG, ERII, TRVN, TXMD, BUFF, CBS, HOG, DAL, MU, VA [ StockTwits].
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