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

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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 SHAK and Bojangles BOJA report earnings this week.
Urban Outfitters URBN is the only S&P 500 company to report earnings on Monday.
Apple AAPL Mac computers face first ever ransomware attacks.

Apple no longer bidding for NFL streaming.
Valeant VRX CEO calls with analysts "raise disclosure questions."
Gogo GOGO partners with Intelsat I for "major capacity agreement."
Disney 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 CMG [Outperform] may miss near-term sales expectations.

Dougherty & Co analyst calls Tesla Model X "incredible."
Chardan slashes Ambarella AMBA [Neutral] target from $90 to $50, sees potential guidance cut in the future.
Susquehanna calls Kraft Heinz KHC accounting a "black box."
UBS upgrades Wynn WYNN [Buy].
Citi adds United Rentals URI to Focus List.
Nomura travels to Asia, downgrades Micron MU [Reduce] and predicts 30 percent downside.
JPMorgan warns on Stratasys SSYS [Underweight] valuation, downgrades stock.
FBR keeps Lattice Semiconductor LSCC [Outperform] bullishness, says not to look too far into CFO transition.
Cantor still likes LinkedIn LNKD [Buy] after investor meeting.
BTIG recommends Teva TEVA and other "beaten down" drug manufacturers.
Detwiler warns Sodastream SODA's U.S. President could resign soon.
Guggenheim downgrades Dunkin Brands DNKN [Neutral] on "subpar" sales outlook.

Deal Talk

Medivation MDVN being approached by potential buyers, rumors say.
CME owner reportedly looking to "gatecrash" LSE-Deutsche Borse merger, Sunday Times reports.
WhiteWave WWAV down slightly amid unconfirmed market chatter of Coca-Cola KO stake interest.
BASF BASFY could make counter bid for DuPont DD after Dow DOW merger.
Marvell MRVL shares rise after reports company is open to sale.
Seadrill SDRL CEO has good talks with banks, analyst says.

Notable Media Stories

Barron's warns of regulations on Google GOOG self-driving cars.

Tesla TSLA competitor Faraday Future still "shrouded" in mystery.

Foreign diplomats are warning against a Trump presidency.

Here's why Toyota Motors 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.


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.


Twitter 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."


Carl Icahn cuts Mentor Graphics MENT stake.
Hedge fund vet compares Qlik Technologies QLIK to "other tech firms run by engineers" after company is targeted by Paul Singer.

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