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The Market In 5 Minutes

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IN THE NEWS

BENZINGA

When Snap Inc (NYSE: SNAP), the parent company of Snapchat, recently warned potential investors about its business facing “significant competition,” it shouldn’t have taken too many guesses for the market to determine who those competitors were: Link

Investing in marijuana stocks isn't easy and definitely not for the risk-averse. With so many penny stocks out there, how can individual investors tell the good from the bad? Link

A few decades ago, Larry Bell would show up at parties with bottles of beer he brewed in his basement. Some people were leery of this self-described stoner’s early editions of bootleg booze. Bell doesn’t blame them: Link

THE WALL STREET JOURNAL

FBI Director James Comey will be called before lawmakers Monday as part of an investigation into Russian meddling in the 2016 election and President Donald Trump’s unsubstantiated accusation that he had been wiretapped by his predecessor during the campaign: Link

Uber Technologies Inc. said a prominent retail executive it hired as president just six months ago is leaving, the most senior in a string of executive departures as the ride-hailing giant reels from an escalating series of controversies: Link

REUTERS

Wary of their first official encounter with U.S. President Donald Trump's blustery trade agenda, the world's top finance officials were relieved to find new Treasury Secretary Steven Mnuchin polite and business-like over the weekend: Link

Prime Minister Theresa May will write to the European Union on March 29 formally announcing Britain's withdrawal from the bloc, EU sources told Reuters on Monday, saying Brussels had been told of the plan by British officials: Link

BLOOMBERG

U.S. Secretary of State Rex Tillerson used a 24-hour trip to Beijing to smooth the way for an expected meeting next month between the leaders of the world’s biggest economies, amid tensions over trade policy and North Korea: Link

Neil Gorsuch’s mission is straightforward: Don’t mess up. Link

NY POST

Intel (NASDAQ: INTC) may not be quite in the driver’s seat with its deal to buy Mobileye (NYSE: MBLY), a tech analyst requesting anonymity told On the Money: Link

ECONOMIC DATA

  • Chicago Federal Reserve Bank President Charles Evans was set to speak at 8:30 a.m. ET.
  • The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
  • Chicago Federal Reserve Bank President Charles Evans will speak in New York at 1:10 p.m. ET.

ANALYST RATINGS

  • Wedbush upgraded Shake Shack (NYSE: SHAK) from Underperform to Neutral
  • Wells Fargo upgraded Ingersoll-Rand (NYSE: IR) from Market Perform to Outperform
  • Credit Suisse upgraded Rockwell Collins (NYSE: COL) from Neutral to Outperform
  • Goldman Sachs downgraded Stifel Financial (NYSE: SF) from Buy to Neutral
  • Miuzho downgraded Hudson Pacific Properties (NYSE: HPP) from Buy to Neutral
  • Pivotal Downgraded Alphabet (NASDAQ: GOOG) From Buy To Hold

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 or email minutes@benzinga.com.

Posted-In: Market in 5 minutesNews Global Top Stories Markets Best of Benzinga

 

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