The Market In 5 Minutes: Monday, March 7, 2016
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 emailing email@example.com.
China released its new five-year plan this weekend.
The country set a 6.5-7.0 percent GDP growth target, supported by a growing deficit.
China is increasing defense spending by 8 percent this year.
Growth projections and work plan seem surprisingly lower than 2015, Deutsche Bank says.
Iron ore up 20 percent, has its best day in history.
ECB meeting on Thursday, easing expected.
Hillary Clinton says gun-makers epitomize corporate greed.
Oddsmakers now more bullish on Brexit after weekend.
Swiss BIS sees "signs of a gathering storm" in global credit markets.
BZ Desk Focus
Urban Outfitters (NASDAQ: URBN) is the only S&P 500 company to report earnings on Monday.
Apple no longer bidding for NFL streaming.
Oil predictions continue to be made. Bernstein says supply-demand re-balancing could come sooner than expected, Simmons & Co says global supply outlook is more bullish and Barclays warns of a "game of survival" happening among offshore drillers even if oil hits $50 a barrel.
Analysts are reacting to China's five-year plan. Deutsche Bank likes Aier Eye Hospital after country's healthcare commentary, Credit Suisse prefers drug distributors amid policy headwinds and Goldman Sachs likes Avic Avionics, Avic Helicopter and AviChina after China announces 8 percent defense spending increase. Deutsche Bank is surprised by work plan, which it calls "less ambitious" compared to year earlier.
Sell-Side's Most Noteworthy Calls
Dougherty & Co analyst calls Tesla Model X "incredible."
Cantor still likes LinkedIn (NYSE: LNKD) [Buy] after investor meeting.
Guggenheim downgrades Dunkin Brands (NASDAQ: DNKN) [Neutral] on "subpar" sales outlook.
CME owner reportedly looking to "gatecrash" LSE-Deutsche Borse merger, Sunday Times reports.
Seadrill (NYSE: SDRL) CEO has good talks with banks, analyst says.
Notable Media Stories
Foreign diplomats are warning against a Trump presidency.
The "Netflix for Indie movies" is worth $125 million.
China could crack down on home loan payments.
Russia may be cut by Moody's.
This recovery's GDP bounce-back is much lower than in 1982 and 1933.
New, widely circulated study shows how Generation Y income is artificially low due to "economic betrayal."
Cheap oil is undermining climate change cleanup.
The Fiat CEO isn't interested in the auto industry of the future.
Was Hillary Clinton a good futures trader? Take a look.
Fintech thought leader: Fintech marketplace is "the worst."
The bull market just turned seven years old.
The media is said to treat super-delegates "like kings."
Trending On Social
IWM, SDRL, WFM, OPK, XON, CAT, CELG, WPX, BIIB [Stocktwits].
Latest Ratings for AAPL
|Apr 2017||Morgan Stanley||Maintains||Overweight||Overweight|
|Apr 2017||Credit Suisse||Maintains||Outperform||Outperform|
|Apr 2017||Pacific Crest||Maintains||Overweight|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.