The Market In 5 Minutes: Google Earnings, Sohn Recap, Takeda-Shire And More


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


IN THE NEWS

The Ira Sohn Investment Conference moved multiple stocks Monday as the Street’s most prosperous and prescient investors proposed their best trades. Here’s what they had to say: Link

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Six months after its debut, Pandora Media Inc (NYSE:P)’s Premium Access has recorded more than 6.5 million listeners and more than 55 million total sessions, a company spokesperson told Benzinga: Link

The Trump administration is at odds with American companies over a proposed rule change to the North American Free Trade Agreement that is endangering a bright spot—energy—in contentious treaty talks: Link $

Google parent Alphabet Inc. (NASDAQ:GOOGL) posted surging profits as advertisers kept swarming to the search giant amid a global debate about internet privacy that threatens to affect its main revenue generator: Link $

Facebook Inc (NASDAQ:FB) on Tuesday released a rule book for the types of posts it allows on its social network, giving far more detail than ever before on what is permitted on subjects ranging from drug use and sex work to bullying, hate speech and inciting violence: Link


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Takeda Pharmaceutical Co. is nearing a preliminary agreement to acquire Shire Plc (NASDAQ:SHPG) after the Japanese drugmaker sweetened its roughly $60 billion bid for the biotechnology company, according to people with knowledge of the matter: Link

Former President George H.W. Bush has been hospitalized in Houston with an infection, just after attending the funeral of his wife, Barbara, a spokesman said Monday: Link

ECONOMIC DATA

  • Redbook Reports US Retail Sales During First 2 Weeks Of Apr. Up 0.3% MoM, Up 2.8% YoY
  • USA S&P/CaseShiller House Price Index (MoM) for Feb Up 0.7% MoM
  • New home sales report for March will be released at 10:00 a.m. ET.
  • The Conference Board’s consumer sentiment index for April is schedule for release at 10:00 a.m. ET.
  • The Richmond Fed manufacturing index for April will be released at 10:00 a.m. ET.
  • The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.
  • The Treasury will auction 2-year notes at 1:00 p.m. ET.

ANALYST RATINGS

  • Leerink upgraded Cardinal Health (NYSE:CAH) from Market Perform to Outperform
  • Berenberg upgraded Emerson Electric (NYSE:EMR) from Sell to Hold
  • Mizuho downgraded Skyworks (NASDAQ:SWKS) from Buy to Neutral
  • BMO downgraded Texas Roadhouse (NASDAQ:TXRH) from Outperform to Market Perform

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.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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