The Market In 5 Minutes: Social Security Costs, Facebook Data Sharing, Tesla Meeting And More

IN THE NEWS

For the first time since 1982, U.S. Social Security costs more than the program brings in: Link

Small-cap stocks and the related exchange-traded funds have been outperforming large-cap rivals for several months now. That's not new news, but what's interesting is the margins by which smaller companies are outpacing larger firms: Link

Facebook Inc FB said Tuesday it has data sharing partnerships with at least four Chinese companies including Huawei, the world’s third largest smartphone maker, which has come under scrutiny from U.S. intelligence agencies on security concerns: Link

ZTE Corp has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business, according to sources familiar with the matter: Link

Elon Musk expressed confidence about Tesla Inc. TSLA achieving the next production goal for its crucial Model 3, predicting that manufacturing will become a strength for the electric-car maker over time: Link $

It’s a rare bunch of traders who can say they made a killing on oil’s surprising rebound over the past year. The reason: there’s not many of them left: Link $

U.S. farmers, already losing sales to China, are facing new threats to sales in other big overseas markets as trade tensions spread globally: Link $

ECONOMIC DATA

USA Nonfarm Productivity (QoQ) for Q1 0.40% vs 0.70% Est; Prior 0.70%
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.

ANALYST RATINGS

Barclays Upgrades G-IIII Apparel GIII from Underweight to Equal Weight
Piper Jaffray Upgrades Floor & Decor FND from Neutral to Outperform
KeyBanc Downgrades Yelp YELP from Overweight to Sector Weight
Atlantic Equities Downgrades Macy's M from Overweight to Neutral

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.