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IN THE NEWS

BENZINGA

Amazon.com, Inc.’s (NASDAQ: AMZN) cloud platform woes have given a lot of sales teams at competing firms a reason to pitch their services to Amazon's customers to dissuade them from continuing with AWS: Link

Twitter Inc (NYSE: TWTR) may have wrecked the reputation of PwC accountant Brian Cullinan, but it wouldn’t be the first time an unfortunate Tweet or two disrupted someone’s career. Here are six other times people’s Tweets came back to bite them in the workplace: Link

In 2012, the managing partner of Pabrai Funds and CEO of Dhandho Funds began investing in automakers, despite having gone on record for years as hating the industry: Link

THE WALL STREET JOURNAL

U.S. investigators have examined contacts Attorney General Jeff Sessions had with Russian officials during the time he was advising Donald Trump’s presidential campaign, according to people familiar with the matter: Link

Snap Inc. (NYSE: SNAP) priced its initial public offering above expectations Wednesday, as investors clamored for a piece of the biggest technology IPO in the U.S. since Alibaba Group Holding Ltd. made its debut in 2014: Link

Bank stocks reached their highest point in nearly 10 years on Wednesday, building on postelection gains that reflect hopes firms will soon shake free the shackles of stringent regulation, superlow interest rates and sluggish economic growth: Link

REUTERS

President Donald Trump’s promise to use existing funds to begin immediate construction of a wall on the U.S.-Mexico border has hit a financial roadblock, according to a document seen by Reuters: Link

Yahoo Inc (NASDAQ: YHOO), which disclosed two massive data breaches last year, said on Wednesday that about 32 million user accounts were accessed by intruders in the last two years using forged cookies: Link

BLOOMBERG

Valeant Pharmaceuticals International Inc. (NYSE: VRX) shareholders, slide over: Debt holders are driving the bus: Link

If Donald Trump intends to fulfill his election promise to deport 11 million undocumented immigrants, colleges such as the University of Pennsylvania—his alma mater—could stand in his way: Link

NEW YORK POST

McDonald’s Corporation (NYSE: MCD), which revolutionized the drive-thru in the seventies, announced a new initiative on Wednesday that could kill it: Link

ECONOMIC DATA

  • Initial Jobless Claims for Feb 24 223.0K vs 243.0K consensus estimate;Continuing Claims for Feb 17 2.07M vs 2.06M consensus estimate. The prior reading was 2.06M
  • The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
  • Data on money supply for the recent week will be released at 4:30 p.m. ET.
  • Federal Reserve Bank of Cleveland President Loretta Mester is set to speak in New York at 7:00 p.m. ET.

ANALYST RATINGS

  • Goldman Sachs upgraded Aramark (NYSE: ARMK) from Buy to Conviction Buy
  • PiperJaffray upgraded Estee Lauder (NYSE: EL) from Neutral to Overweight
  • Credit Suisse upgradedd Exxon Mobil (NYSE: XOM) from Underperform to Neutral
  • Bank of America downgraded Anheuser-Busch Inbev (NYSE: BUD) from Buy to Neutral
  • Loop Capital downgraded Time Warner (NYSE: TWX) from Buy to Hold
  • Citigroup downgraded Kite Pharma (NASDAQ: KITE) from Buy to Neutral

NOTABLE OPTION ALERTS

  • PSTG Pure Storage Mar 15.0 Calls Sweep: 957 @ ASK $0.10: 1001 traded vs 281 OI: Earnings today After Close $11.28 Ref
  • FEYE FireEye Mar 24th 13.0 Calls Sweep: 779 @ ASK $0.09: 804 traded vs 2686 OI: Earnings 5/4 After Close (est) $11.06 Ref
  • KR Kroger Mar 31.0 Calls: 2000 @ ASK $1.75: 3940 traded vs 70 OI: Earnings tmrrw Before Open $32.10 Ref
  • BID Sotheby's Apr 45.0 Puts Sweep: 1023 @ ASK $1.363: 1025 traded vs 64 OI: Earnings 5/8 Before Open (est) $46.97 Ref
  • MRVL Marvel Tech Mar 18.0 Calls Sweep: 1000 @ ASK $0.09: 1015 traded vs 210 OI: Earnings tmrrw After Close $15.94 Ref
  • WFM Whole Foods Mar 3rd 31.5 Calls Sweep: 640 @ ASK $0.07: 1348 traded vs 2946 OI: Earnings 5/3 After Close (est) $30.81 Ref
  • FRO Frontline Mar 7.0 Calls Sweep: 898 @ ASK $0.195: 923 traded vs 1779 OI: $7.00 Ref
  • FRED FRED Apr 25.0 Calls: 755 @ ASK $0.65: 22k traded vs 607 OI: Earnings 3/22 Before Open (est) $18.80 Ref
  • CRBP Corbus Pharma Mar 7.5 Puts Sweep: 500 @ ASK $0.45: 760 traded vs 995 OI: Earnings 3/24 After Close (est) $9.02 Ref
  • P Pandora Mar 14.0 Calls Sweep: 4454 @ ASK $0.13: 6051 traded vs 13k OI: Earnings 4/27 After Close (est) $12.22 Ref
  • TWTR Twitter Mar 15.5 Put; 2231 @Bid @$0.27
  • YPF YPF Mar 22.0 Calls Sweep: 500 @ ASK $0.35: 2000 traded vs 1296 OI: Earnings 3/9 After Close $21.18 Ref
  • FRED FRED Apr 25.0 Calls Sweep: 859 @ ASK $0.60: 13k traded vs 607 OI: Earnings 3/22 Before Open (est) $18.29 Ref
  • KSS Kohls Jul $35 Put; 2140 @Bid @$1.50
  • VOC VOC En Oct17 5.0 Calls: 950 @ ASK $0.05: 4500 traded vs 510 OI: $3.63 Ref
  • NKE Nike Jun 57.5 Calls: 1200 @ ASK $2.80: 1344 traded vs 9843 OI: Earnings 3/21 After Close $57.73 Ref
  • ANF Abercrombie & Fitch Mar 3rd 10.0 Puts Sweep: 760 @ ASK $0.238: 760 traded vs 2379 OI: Earnings tmrrw Before Open $11.35 Ref
  • GLW Corning Apr $28 Put; 4000 @Bid @$0.80
  • HIMX Himax Mar 7.0 Calls Sweep: 2801 @ ASK $0.30: 2836 traded vs 7449 OI: Earnings 5/11 Before Open (est) $6.94 Ref
  • SWFT Swift Tr Apr 23.0 Calls: 2831 @ ASK $1.00: 3000 traded vs 0 OI: Earnings 4/20 After Close (est) $22.17 Ref

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