Market Overview

The Market In 5 Minutes

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The Market In 5 Minutes

IN THE NEWS

BENZINGA

Charging Bull wants Fearless Girl to get out of his way: Link

Neurocrine Biosciences, Inc. (NASDAQ: NBIX) investors got a pleasant surprise when the FDA approved the company’s Ingrezza drug for treatment of tardive dyskinesia (TD): Link

Leerink sees the odds of the Walgreens Boots Alliance Inc (NASDAQ: WBA) and Rite Aid Corporation (NYSE: RAD) deal going through as 50/50: Link

THE WALL STREET JOURNAL

Uber Technologies Inc. was considering buying the driverless-car startup of a former Google engineer two days after he resigned from the tech giant, and was already anticipating a lawsuit if it did, attorneys for Google parent Alphabet Inc. (NASDAQ: GOOGL) said in federal court here Wednesday: Link

Nearly three weeks after Republican infighting sank an overhaul of the Affordable Care Act, President Donald Trump dug back into the battle on Wednesday, threatening to withhold payments to insurers to force Democrats to the negotiating table: Link

REUTERS

After less than three months in office, President Donald Trump has abruptly shifted his stance on an array of foreign policy issues from the U.S. relationship with Russia and China to the value of the NATO alliance: Link

A group of Tesla Inc (NASDAQ: TSLA) investors has urged the luxury electric car maker to add two new independent directors to its board, without ties to Chief Executive Elon Musk, to "provide a critical check on possible dysfunctional group dynamics”: Link

BLOOMBERG

Prime Minister Shinzo Abe has warned that North Korea may be capable of firing a missile loaded with sarin nerve gas toward Japan: Link

Trump hinted for the first time that he’s open to keeping Janet Yellen at the helm of the Federal Reserve. For markets trying to predict the future of monetary policy, that’s a change of heart that suggests continuity during an era of disruption in Washington: Link

NY POST

Warren Buffett is backing slightly away from one of his biggest bets: Link

ECONOMIC DATA

  • Initial Jobless Claims for Apr 7 245.0K vs 234.0K Est; Continuing Claims for Mar 31 2.03M vs 2.03M Est
  • USA PPI (MoM) for Mar 0.00% vs 0.00%
  • The University of Michigan's consumer sentiment index for April will be released at 10:00 a.m. ET.
  • The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
  • The Treasury will auction 30-year bonds at 1:00 p.m. ET.
  • Data on money supply for the recent week will be released at 4:30 p.m. ET.

ANALYST RATINGS

  • Raymond James upgraded KB Home (NYSE: KBH) from Underperform to Market Perform
  • Credit Suisse upgraded NuStar Energy (NYSE: NS) from Underperform to Neutral
  • SunTrust Robinson Humphrey upgraded Cognizant Technology Solutions (NASDAQ: CTSH) from Hold to Buy
  • Goldman Sachs downgraded Weatherford International (NYSE: WFT) from Buy to Neutral
  • Raymond James downgraded Wix.com (NASDAQ: WIX) from Outperform to Market Perform

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.

 

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