Market Overview

The Market In 5 Minutes

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The Market In 5 Minutes

IN THE NEWS

BENZINGA

Credit Acceptance Corp. (NASDAQ: CACC) shares were down more than 5.1 percent on Friday after Bloomberg reported that the Federal Trade Commission has requested information from the company regarding its use of ignition kill switches and GPS systems in debt collection: Link

Warren Buffett’s Berkshire Hathaway took a new position in Southwest Airlines (NYSE: LUV) in the fourth quarter of 2016, and raised its stake in Delta Air Lines (NYSE: DAL), American Airlines Group Inc (NASDAQ: AAL) and United Continental (NYSE: UAL): Link

Facebook (NASDAQ: FB) CEO Mark Zuckerberg recently posted a 6,000-word manifesto entitled “Building Global Community.” Here’s six things you need to know about the article, which shares Zuckerberg’s thoughts on Facebook's role in the future of global socialization: Link

AT&T (NYSE: T) may have had the adage "better late than never" in mind when it took a plunge into the ring to combat against the rest of its peers in offering unlimited data plan for all its customers: Link

THE WALL STREET JOURNAL

Uber Technologies said it's investigating claims by a former employee that the company failed to discipline a manager who mistreated female employees and ignored complaints of sexual harassment: Link

Investors in Bayer AG have taken heart from President Donald Trump’s apparent support for the German pharmaceuticals and chemicals firm’s planned $57 billion takeover of U.S. seed giant Monsanto (NYSE: MON) and are cautiously optimistic the deal will pass regulatory muster: Link

Deal talks between Kraft Heinz (NASDAQ: KHC) and Unilever (NYSE: UL) are dead, but both consumer-goods giants now find themselves under heightened pressure to make bold moves to accelerate growth: Link

Alibaba (NYSE: BABA) is forming a strategic partnership with brick-and-mortar retailer Bailian Group in a deal that underscores the continued importance of traditional retailing: Link

REUTERS

Restaurant Brands International (NYSE: QSR), owner of the Burger King and Tim Hortons fast-food chains, will acquire Popeyes Louisiana Kitchen (NASDAQ: PLKI).

U.S. President Donald Trump on Monday named Lieutenant General Herbert Raymond McMaster as his new national security adviser, choosing a military officer known for speaking his mind and challenging his superiors: Link

When a scandal over unauthorized accounts rocked Wells Fargo's (NYSE: WFC) retail division last fall, executives at its asset management arm sprang into action to limit its fallout at an already tough time for their business: Link

BLOOMBERG

Tesla (NASDAQ: TSLA) is months away from product launches that could revolutionize several industries. The most anticipated—the Model 3 electric car—is to be accompanied in 2017 by the unveiling of an electric semi-trailer truck, autonomous driving capabilities, and a ride-hailing network. Throw in the Powerwall and solar shingle, and you’ve got the makings of a busy year: Link

Investors might have forgotten that in any given year, there’s almost a one-in-five chance of a 15 percent tumble in American stocks, according to Morgan Stanley: Link
A full team of Snap Inc executives, advisers, and the Chief Executive Officer of Barclays Plc attempted to sell the story of the social media company’s IPO in London Monday. So far it has been a tough sell: Link

The U.S. economy should be able to weather President Donald Trump's temporary travel ban, economists say, though any broadening of immigration and visa restrictions could hurt the labor force and productivity: Link

NY POST

Wilbur Ross failed to disclose to a Senate Committee during his confirmation hearing last month that he is being sued by a former business partner who claims he was cheated out of profits from Ross’ hedge funds, The Post has learned: Link

ECONOMIC DATA

  • Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Golden Valley, Minn. at 8:50 a.m. ET.
  • The manufacturing PMI for February is schedule for release at 9:45 a.m. ET.
  • The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
  • Philadelphia Federal Reserve Bank President Patrick Harker will speak in Philadelphia at 12:00 p.m. ET.
  • The Treasury will auction 4-week bills and 2-year notes at 1:00 p.m. ET.

ANALYST RATINGS

  • KeyBanc upgrades Meritor (NYSE: MTOR) from Sector Weight to Overweight
  • Mizuho upgrades Community Health Systems (NYSE: CYH) from Underperform to Neutral
  • JP Morgan upgrades GasLog Ltd. (NYSE: GLOG) from Underweight to Neutral
  • SunTrust Robinson Humphrey downgrades Marriott International (NASDAQ: MAR) from Buy to Hold
  • Morgan Stanley downgrades Lear (NYSE: LEA) from Overweight to Equal-Weight
  • Oppenheimer downgrades Dick's Sporting Goods (NYSE: DKS) from Outperform to Perform

NOTABLE OPTION ALERTS

  • KHC Kraft Heinz Mar 100 Calls Sweep: 985 @ ASK $1.00: 5900 traded vs 24 OI: Earnings 5/4 After Close (est) $96.46 Ref
  • CLS Celestica Mar 15.0 Calls Sweep: 900 @ ASK $0.15: 910 traded vs 84 OI: Earnings 4/20 After Close (est) $13.87 Ref
  • OCLR Oclaro Mar 12.0 Calls Sweep: 500 @ ASK $0.35: 602 traded vs 376 OI: Earnings 5/2 After Close (est) $11.03 Ref
  • DFS Discover Financial Mar 3rd 72.5 Calls Sweep: 1103 @ ASK $0.55: 1716 traded vs 18 OI: Earnings 4/18 After Close (est) $71.00 Ref
  • DFS Discover Financial Feb 24th 71.5 Calls Sweep: 678 @ ASK $0.45: 920 traded vs 50 OI: Earnings 4/18 After Close (est) $71.00 Ref
  • EBAY eBay Apr 36.0 Calls: 900 @ Above Ask! $0.45: 928 traded vs 488 OI: Earnings 4/25 After Close (est) $33.74 Ref
  • KMX CarMax Apr 70.0 Calls Sweep: 577 @ ASK $2.136: 1137 traded vs 1217 OI: Earnings 4/6 Before Open $66.69 Ref
  • NKE Nike Apr 62.5 Calls Sweep: 920 @ ASK $0.30: 5324 traded vs 1975 OI: Earnings 3/21 After Close (est) $56.26 Ref
  • MXIM Maxim May 45.0 Calls: 2500 @ ASK $1.95: 2500 traded vs 1255 OI: Earnings 4/20 After Close (est) $44.89 Ref
  • NKE Nike Mar 31st 57.5 Calls Sweep: 3059 @ ASK $1.13: 3059 traded vs 16 OI: Earnings 3/21 After Close (est) $56.40 Ref
  • AGNC AGNC Jun $19 Put; 5000 @Bid @$0.68
  • EXAS Exact Sciences Mar 19.0 Puts Sweep: 683 @ ASK $0.973: 708 traded vs 18
  • SHLD Sears Mar 8.0 Calls Sweep: 1500 @ ASK $0.53: 1516 traded vs 3105 OI: Earnings 2/23 Before Open (est) $7.54 Ref
  • SHLD Sears Mar 9.0 Calls Sweep: 1200 @ ASK $0.245: 1503 traded vs 3432 OI: Earnings 2/23 Before Open (est) $7.46 Ref=
  • CLVS Clovis Feb $65 Call; 2983 @Bid @$0.35
  • SGYP Synrgy Pharma Mar 6.0 Puts: 500 @ ASK $0.40: 501 traded vs 2141 OI: Earnings 3/1 After Close $6.01 Ref
  • MAT Mattel Mar 30.0 Calls Sweep: 2615 @ ASK $0.20: 22k traded vs 161 OI: Earnings 4/20 After Close (est) $25.81 Ref
  • MAT Mattel Mar 30.0 Calls: 15000 @ ASK $0.25: 15k traded vs 161 OI: Earnings 4/20 After Close (est) $25.68 Ref
  • FOSL Fossil Mar 21.0 Calls Sweep: 500 @ ASK $0.90: 524 traded vs 140 OI
  • SBUX Starbucks Mar $31 $59 Call; 5195 @Bid @$0.59
  • KHC Kraft Heinz Apr 95.0 Calls Sweep: 1314 @ ASK $1.80: 1316 traded vs 1688 OI: Earnings 5/4 After Close (est) $93.31 Ref
  • CL Colgate Palmolive May 72.5 Calls Sweep: 1620 @ ASK $2.65: 1989 traded vs 4268 OI: Earnings 4/28 Before Open $71.95 Ref

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