The Market In 5 Minutes

IN THE NEWS

BENZINGA

After months of prioritizing transformation, FireEye Inc FEYE is celebrating progress: Link

Apple Inc. AAPL released its second quarter earnings report after the bell on Tuesday. The world’s biggest company also announced a $50 billion buyback plan: Link

Height Securities likes to offer betting odds on major political events, from federal government shutdowns to impending tax reforms. The firm has last-minute odds for highly sensitive to situational nuances related to the ACA: Link

THE WALL STREET JOURNAL

The latest Republican effort to reshape the nation’s health-care system teetered on the brink of collapse in the House, reflecting a new assertiveness by GOP centrists, a group that in recent years has rarely wielded such power: Link

Federal regulators are investigating whether solar-energy companies are masking how many customers they are losing, according to a person familiar with the matter: Link

REUTERS

Traders short selling Tesla's TSLA soaring stock have lost $3.7 billion this year, eclipsing the combined losses of traders shorting Apple, Amazon.com AMZN and Netflix NFLX: Link

As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway Inc shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett: Link

BLOOMBERG

China is breaking out its mouthpieces -- and wallet -- as it seeks to soothe investors in the face of tighter financial market regulations: Link

The difference between the two California markets helps explain a key dynamic of U.S. housing a decade after the foreclosure crisis: Link

Companies like Dish Network Corp. DISH, Sling TV LLC, AT&T Inc. T, Hulu, YouTube and Verizon Communications Inc. VZ have been trying to pull together “skinny” cable packages that would charge a reasonable price for just the channels customers really watch, without all the niche programming: Link

NY POST

Twitter’s TWTR stock was soaring for the second day in a row Tuesday, jumping 4 percent, to close at $18.24 a share — now that billionaire investor Mark Cuban says he has snapped up shares. Link

ECONOMIC DATA

• USA ADP Employment Change for Apr 177.0K vs 175.0K consensus estimate. The prior reading was 263.0K.
• US Services Purchasing Managers' Index for April is schedule for release at 9:45 a.m. ET.
• The ISM non-manufacturing index for April will be released at 10:00 a.m. ET.
• The Energy Information Administration’s weekly report on petroleum inventories is schedule for release at 10:30 a.m. ET.
• The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET.

ANALYST RATINGS

• Axiom Capital Upgraded First Solar FSLR from Sell To Hold
• SunTrust Upgraded Oasis Petroleum OAS From Hold To Buy
• BMO Capital downgraded Bristol-Myers Squibb BMY from Market Perform to Underperform
• DA Davidson downgraded Akamai Technologies AKAM from Buy to Neutral
• William Blair downgraded Potbelly's PBPB 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.