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The Market In 5 Minutes: Friday, March 11, 2016

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The Market In 5 Minutes: Friday, March 11, 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 email minutes@benzinga.com.

Macro Focus

USA Import Prices month-over-month for February came in at -0.30 percent vs. -0.60 percent estimates, while USA Export Prices came in at -0.40 percent vs. -0.50 percent estimates.

Moody's placed Macau's Aa2 ratings on review for downgrade. Moody's review will assess the extent of the impact of a prolonged decline in gaming revenues, a key driver for Macau's economy. Moody's expects to complete the review within three months.

Japan's Economy Minister Nobuteru Ishihara said Bank Of Japan Governor Haruhiko Kuroda said it will take time for negative rates to have an impact.

Treasuries are set to decline for the third week in a row "as speculation of higher interest rates this year from the Federal Reserve gathered momentum."

Gas prices skyrocketed overnight, and the national average is expected to breach $1.90/gallon on Friday.

BZ Desk Focus

Why weren't investors invited to Apple's (NASDAQ: AAPL) March 21 event?

American Express (NYSE: AXP) Investor Day: The company acknowledged long-term revenue growth will be challenged. Multiple analysts weighed in on the news, so be sure to check Benzinga.com for more.

Sell-Side Themes

Diamond Offshore (NYSE: DO) received a pair of upgrades from Piper Jaffray's Simmons and Goldman Sachs.

JPMorgan and Macquarie had a lot to say about lodging.

Goldman issued a huge note on the oil sector. Check Benzinga.com soon for more.

Sell-Side's Most Noteworthy Calls

Sterne Agee CRT downgraded Wynn Resorts (NASDAQ: WYNN) to Neutral.

Apple's supply chain issues are "better than feared," according to Credit Suisse.

Goldman removed Total SA (NYSE: TOT) from its Buy list and added Royal Dutch Shell (NYSE: RDS-A) to its Conviction Buy List.

Hertz (NYSE: HTZ) was upgraded to Overweight at Morgan Stanley.

Brean still thinks Zumiez (NYSE: ZUMZ) is Best-In-Class, saying the company is better positioned than it was a year ago.

Deal Talk

ANI Pharmaceuticals (NASDAQ:ANI) will acquire Inderal LA assets from Cranford Pharmaceuticals.

WNS (Holdings) Limited (NYSE: WNS) will acquire Value Edge Research Services for $17.5 million.

Marvell (NASDAQ: MRVL) responded to comments that Avago Technologies may purchase the company. Marvell said it "has not been and is not engaged in discussion with Avago."

Notable Media Stories

John Gutfreund, known by many as the "King of Wall Street" passed away at the age of 86 on Thursday.

The New York Times took a trip through Amazon's (NASDAQ: AMZN) first physical retail store.

The 12th GOP Presidential debate was called much more tame by many, but Donald Trump still drew the ire of many others.

Kim Jung Un has reportedly ordered more nuclear missile tests.

Traders suspect a secretive algorithmic trader making waves in the Turkish market.

Academia

A new study from the New England Journal of Medicine says there's now a procedure that allows a kidney transplant from any donor.

Science recently published how a team of Japanese scientists found a species of bacteria that eats the type of plastic found in most disposable water bottles.

Blogosphere

The Reformed Broker Josh Brown asked, "When do you want your risk, now or later?" Read about his take on risk and volatility.

James Altucher is back at it again. This time, he's saying the United States should abolish the presidency. Do you agree?

A Reddit thread about bringing peer-reviewed trading to the masses has been blowing up.

Trending on Social

FXCM ULTA PAY WFT X HTZ LOCO BOJA JCOM [StockTwits]

#GOPDebate and #SSAC16 were two of the top trending tickers.

"Japan" and "Europe" were also popular phrases among the business and finance realm of Twitter.

 

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