Market Overview

The Market In 5 Minutes

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The Market In 5 Minutes

IN THE NEWS

BENZINGA

The summer days are heating up, but oil and natural gas investors have been left out in the cold so far in 2017: Link

The Hasbro, Inc. (NASDAQ: HAS) Gaming Crate, a gaming subscription service, was unveiled Monday morning. The move puts Hasbro front and center in a very attractive, yet competitive industry: Link

Five companies intend to stage initial public offerings this week to join a 2017 class rife with biotechs, retailers and natural resource firms, as well as formidable tech names such as Snap Inc (NYSE: SNAP): Link

THE WALL STREET JOURNAL

Senate GOP leaders have set a timeline to vote next week on legislation to repeal large chunks of the Affordable Care Act, even though they don’t yet appear to have secured enough support to pass it: Link

Since Apple Inc. (NASDAQ: AAPL) launched the iPhone in June 2007, the smartphone revolution it unleashed has changed the way people work and socialize and reshaped industries from music to hotels: Link

REUTERS

Boeing (NYSE: BA) revised up its rolling 20-year industry forecast for passenger and freight planes by 4 percent on Tuesday, though signs at the world's biggest air show suggest a cooling of demand at the moment after years of red-hot growth: Link

After Amazon.com Inc (NASDAQ: AMZN) completes its takeover of high-end grocer Whole Foods Market Inc (NASDAQ: WFM), it might launch another brand with different standards, the grocery chain's chief executive said in remarks reported in a securities filing on Monday: Link

BLOOMBERG

The landslide victory of President Emmanuel Macron’s party in the second round of the French parliamentary elections on June 18 -- and the defeat in several Italian local elections of the anti-Europe Five Star Movement party a few days earlier -- raises an intriguing question for global investors: Link

Tesla Inc. (NASDAQ: TSLA) might be able to drive into China, but it won't be able to ride solo: Link

NY POST

Hedgie Glenn Welling of Engaged Capital was eager to get to work at Rent-A-Center (NASDAQ: RCII) — unfortunately, he learned that the company’s board is on vacation: Link

ECONOMIC DATA

  • Federal Reserve Vice Chairman Stanley Fischer is set to speak in Amsterdam.
  • USA Current Account for Q1 -$116.80B vs -$124.0B consensus estimate. The prior reading was revised from an initial -$112.40B to -114.0B.
  • The Johnson Redbook Retail Sales Index for the latest week will be released at 8:55 a.m. ET.
  • The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.
  • Dallas Federal Reserve Bank President Robert Kaplan is set to speak in San Francisco at 3:00 p.m. ET.

ANALYST RATINGS

  • Goldman Sachs upgraded Vivint Solar (NYSE: VSLR) from Neutral to Buy
  • Pacific Crest upgraded NVIDIA (NASDAQ: NVDA) from Underweight to Sector-Weight
  • Jefferies upgraded Goodyear Tire & Rubber (NASDAQ: GT) from Hold to Buy
  • Barclays downgraded Cornerstone OnDemand (NASDAQ: CSOD) from Equal-Weight to Underweight
  • William Blair downgraded INC Research Holdings (NASDAQ: INCR) from Outperform to Market Perform
  • RBC Capital downgraded Rice Energy (NYSE: RICE) from Outperform to Sector 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.

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

 

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