Market Overview

The Market In 5 Minutes: Monday, March 7, 2016

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The Market In 5 Minutes: Monday, March 7, 2016
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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 minutes@benzinga.com.

Macro Focus

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

Watch fast casuals. Shake Shack (NYSE: SHAK) and Bojangles (NASDAQ: BOJA) report earnings this week.

Urban Outfitters (NASDAQ: URBN) is the only S&P 500 company to report earnings on Monday.

Apple (NASDAQ: AAPL) Mac computers face first ever ransomware attacks.

Apple no longer bidding for NFL streaming.

Valeant (NYSE: VRX) CEO calls with analysts "raise disclosure questions."

Gogo (NASDAQ: GOGO) partners with Intelsat (NYSE: I) for "major capacity agreement."

Disney (NYSE: DIS)'s Zootopia has company's best ever opening weekend for animated film.

Sell-Side Themes

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

Credit Suisse warns that Chipotle (NYSE: CMG) [Outperform] may miss near-term sales expectations.

Dougherty & Co analyst calls Tesla Model X "incredible."

Chardan slashes Ambarella (NASDAQ: AMBA) [Neutral] target from $90 to $50, sees potential guidance cut in the future.

Susquehanna calls Kraft Heinz (NASDAQ: KHC) accounting a "black box."

UBS upgrades Wynn (NASDAQ: WYNN) [Buy].

Citi adds United Rentals (NYSE: URI) to Focus List.

Nomura travels to Asia, downgrades Micron (NASDAQ: MU) [Reduce] and predicts 30 percent downside.

JPMorgan warns on Stratasys (NASDAQ: SSYS) [Underweight] valuation, downgrades stock.

FBR keeps Lattice Semiconductor (NASDAQ: LSCC) [Outperform] bullishness, says not to look too far into CFO transition.

Cantor still likes LinkedIn (NYSE: LNKD) [Buy] after investor meeting.

BTIG recommends Teva (NYSE: TEVA) and other "beaten down" drug manufacturers.

Detwiler warns Sodastream (NASDAQ: SODA)'s U.S. President could resign soon.

Guggenheim downgrades Dunkin Brands (NASDAQ: DNKN) [Neutral] on "subpar" sales outlook.

Deal Talk

Medivation (NASDAQ: MDVN) being approached by potential buyers, rumors say.

CME owner reportedly looking to "gatecrash" LSE-Deutsche Borse merger, Sunday Times reports.

WhiteWave (NYSE: WWAV) down slightly amid unconfirmed market chatter of Coca-Cola (NYSE: KO) stake interest.

BASF (OTC: BASFY) could make counter bid for DuPont (NYSE: DD) after Dow (NYSE: DOW) merger.

Marvell (NASDAQ: MRVL) shares rise after reports company is open to sale.

Seadrill (NYSE: SDRL) CEO has good talks with banks, analyst says.

Notable Media Stories

Barron's warns of regulations on Google (NASDAQ: GOOG) self-driving cars.

Tesla (NASDAQ: TSLA) competitor Faraday Future still "shrouded" in mystery.

Foreign diplomats are warning against a Trump presidency.

Here's why Toyota Motors (NYSE: TM) made an electric car out of wood.

The "Netflix for Indie movies" is worth $125 million.

China could crack down on home loan payments.

Russia may be cut by Moody's.

Academia

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.

Blogosphere

Twitter (NYSE: TWTR) in best use case scenario possible this political cycle.

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."

Buy-Side

Carl Icahn cuts Mentor Graphics (NASDAQ: MENT) stake.

Hedge fund vet compares Qlik Technologies (NASDAQ: QLIK) to "other tech firms run by engineers" after company is targeted by Paul Singer.

Trending On Social

IWM, SDRL, WFM, OPK, XON, CAT, CELG, WPX, BIIB [Stocktwits].

Latest Ratings for AAPL

DateFirmActionFromTo
Apr 2017Morgan StanleyMaintainsOverweightOverweight
Apr 2017Credit SuisseMaintainsOutperformOutperform
Apr 2017Pacific CrestMaintainsOverweight

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