The Market In 5 Minutes

IN THE NEWS

BENZINGA

Republicans are still working to dismantle the Affordable Care Act, but the ACA may more swiftly dismantle the Republicans: Link

Shares of Snap Inc SNAP fell on Monday, with the newly issued IPO failing to receive the same amount of love from Wall Street as it does from investors: Link

With the S&P 500 now resting comfortably above 2300, it seems almost incomprehensible that just eight years ago the index dipped to its intraday financial crisis low of 666: Link

THE WALL STREET JOURNAL

House Republicans on Monday released a detailed proposal that marks their first attempt in the new Congress to unite fractious GOP members behind a plan to replace the Affordable Care Act and deliver on a central campaign promise by Republicans: Link

Exxon Mobil Corp. XOM plans to spend about $20 billion on refineries, petrochemical plants and other projects in and around the Gulf of Mexico, Chief Executive Darren Woods said Monday, underscoring how the giants of the global energy industry are turning to America: Link

International Business Machines Corp. IBM and Salesforce.com Inc. CRM agreed to mingle their artificial-intelligence technologies in a bid to boost sales of data-analytics offerings: Link

RadioShack’s owner is preparing to seek bankruptcy protection for the second time in as many years, according to people familiar with the matter, as the 1,500-store chain looks to further shrink to survive: Link

REUTERS

The new, more narrowly tailored temporary travel ban President Donald Trump signed on Monday will be more difficult to challenge successfully in court, legal experts said: Link

BLOOMBERG

U.S. stocks have piled up $1.5 trillion in market value this year, but hedge funds are bracing for tough times ahead: Link

Inside some of the world’s biggest asset managers, the quants are transforming a centuries-old theory to answer a burning question: What is the dollar’s true value? Link

NEW YORK POST

Apple’s days as the world’s most valuable publicly traded company may be numbered: Link

ECONOMIC DATA

• USA Trade Balance for Jan -$48.50B vs -$48.50B consensus estimate. The prior reading was -$44.30B
• Redbook: US Retail Sales First Week Down 0.8% vs. Feb, Up 1% YoY, Up 1% Week Ended YoY
• 10 a.m. IBD/TIPP Economic Optimism
• 11:30 a.m. 4-Week Bill Auction
• 1 p.m. 3-Year Note Auction
• 2 p.m. Consumer Credit

ANALYST RATINGS

• Morgan Stanley upgraded Hyatt Hotels H from Underweight to Equal-Weight
• Canaccord Genuity upgraded Bill Barrett BBG from Hold to Buy
• Goldman Sachs upgraded Stericycle SRCL from Sell to Neutral
• Bank of America downgraded Frontier Communications FTR from Buy to Neutral
• Citigroup downgraded Ascena Retail Group ASNA from Neutral to Sell
• Jefferies downgraded Oncobiologics ONS from Buy to Hold

NOTABLE OPTION ALERTS

• MGM MGM Mar 10th 27.0 Calls Sweep: 4060 @ ASK $0.11: 5720 traded vs 1027 OI: Earnings 5/4 Before Open (est) $26.55 Ref
• BKD Brookdale Senior Living Apr 15.0 Calls Sweep: 744 @ ASK $0.40: 2142 traded vs 727 OI: Earnings 5/8 After Close (est) $13.24 Ref
• DYN Dynegy Sep17 10.0 Calls Sweep: 569 @ ASK $0.95: 569 traded vs 58 OI: Earnings 5/3 After Close (est) $8.05 Ref
• CPN Calpine Sep17 14.0 Calls Sweep: 761 @ ASK $0.648: 761 traded vs 29 OI: Earnings 4/28 Before Open (est) $11.73 Ref
• VALE Vale Mar 24th 9.5 Puts: 6400 @ ASK $0.28: 15k traded vs 494 OI: Earnings 4/27 Before Open (est) $9.92 Ref
• MRVL Marvel Mar 16.0 Calls: 17500 @ ASK $0.30: 25k traded vs 24k OI: Earnings 5/25 After Close (est) $15.89 Ref
• HAIN Hain Celestial Mar 36.0 Calls Sweep: 882 @ ASK $0.60: 893 traded vs 2587 OI: $35.22 Ref
• AERI Aeri Pharma May 55.0 Calls: 1616 @ ASK $5.10: 2011 traded vs 45 OI: Earnings tmrrw After Close $48.25 Ref
• CBI Chicago Bridge & Iron Jan19 35.0 Puts: 560 @ ASK $8.40: 1525 traded vs 93 OI: Earnings 4/26 After Close (est) $31.22 Ref
• YELP YELP Mar 10th 33.5 Calls: 1461 @ ASK $0.45: 2013 traded vs 43 OI: Earnings 5/4 After Close (est) $33.39 Ref
• BBY Best Buy Mar 45.0 Calls Sweep: 1299 @ ASK $0.669: 1389 traded vs 3499 OI: Earnings 5/24 Before Open (est) $44.18 Ref
• MPEL Melco Jul $15.68 Put; 10,000 @Bid @$0.98
• WLL Whiting Pet Sep17 8.0 Puts Sweep: 749 @ ASK $0.60: 750 traded vs 274 OI: Earnings 4/26 After Close (est) $10.63 Ref
• EW Edwards Lifesciences Apr 90.0 Calls Sweep: 656 @ ASK $3.40: 706 traded vs 19 OI: Earnings 4/25 After Close (est) $89.41 Ref
• TRN Trinity Ind Mar 31st 26.5 Puts Sweep: 945 @ ASK $0.90: 946 traded vs 28 OI: Earnings 4/20 After Close (est) $26.59 Ref
• AFSI Amtrust Financial Mar 20.0 Puts Sweep: 600 @ ASK $0.10: 610 traded vs 734 OI: Earnings 5/2 Before Open (est) $22.49 Ref
• SBUX Starbucks Mar 10th 56.0 Calls Sweep: 1298 @ ASK $0.63: 1429 traded vs 380 OI: Earnings 4/27 After Close (est) $56.40 Ref
• TWTR Twitter Sept. $18 Puts at the Ask: Volume of 615 at $3.451 vs Open Interest 313
• MET MetLife May $50 Calls at the Ask: Volume of 1,000 at $4.75 vs Open Interest 42
• GM GM Apr. $36 Calls at the Ask: Volume of 2,000 at $1.98 vs Open Interest 507
• AAL American Air Apr. $42 Calls at the Ask: Volume of 1,790 at $4.05 vs Open Interest of 16
• NVDA NVIDIA May $90 Puts at the Ask: Volume of 752 at $4.30 vs Open Interest of 734
• LULU lululemon Apr 62.5 Calls Sweep: 524 @ ASK $4.825: 525 traded vs 1622 OI: Earnings 3/30 After Close (est) $64.97 Ref
• WYNN WYNN Apr 7th 100 Puts Sweep: 915 @ ASK $3.40: 915 traded vs 68 OI: Earnings 5/4 After Close (est) $100.35 Ref
• McDermott Apr 6.0 Puts Sweep: 1900 @ ASK $0.25: 2910 traded vs 0 OI: Earnings 5/4 Before Open (est) $6.55 Ref