IN THE NEWS
After hyping the Street with its Semi and Roadster reveals, Tesla Inc TSLA closed the quarter with another disappointing miss in Model 3 deliveries: Link
After a 545-percent run the last three months, AURORA CANNABIS ACBFF is running on fumes, according to Citron Research: Link
The first gene therapy treatment ever approved in the U.S. comes with a steep price tag: Link
Merrill Lynch has blocked clients and financial advisers who trade on their behalf from buying bitcoin, citing concerns over the cryptocurrency’s investment suitability: Link $
Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp INTC, Advanced Micro Devices Inc AMD and ARM Holdings: Link
President Donald Trump’s forceful denunciation of his former chief strategist Steve Bannon finalized a divorce that was months in the making and will force a reckoning within the Republican Party: Link
An unprecedented seven-year streak of annual U.S. auto sales growth finally came to an end, yet carmakers and their investors aren’t fazed: Link
ECONOMIC DATA
- US December Challenger job cuts y/y -3.6% vs +30.1% prior
- USA ADP Employment Change for Dec 250.0K vs 191.0K Est; Prior 190.0K
- Initial Jobless Claims for Dec 29 250.0K vs 241.0K Est; Prior 245.0K. Continuing Claims for Dec 22 1.91M vs 1.93M Est; Prior Revised from 1.94M to 1.95M
- US Services Purchasing Managers' Index for December is schedule for release at 9:45 a.m. ET.
- The Energy Information Administration’s weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET.
- The EIA’s weekly report on petroleum inventories in the U.S. is schedule for release at 11:00 a.m. ET.
- St. Louis Federal Reserve Bank President James Bullard is set to speak in Philadelphia at 1:30 p.m. ET.
- Data on money supply for the recent week will be released at 4:30 p.m. ET.
ANALYST RATINGS
- Credit Suisse upgraded Domino's DPZ from Neutral to Outperform
- Bank of America upgraded DaVita DVA from Neutral to Buy
- KeyBanc upgraded Workday WDAY from Sector Weight to Overweight
- Cowen downgraded Snap Inc. SNAP from Market Perform to Underperform
- Bank of America downgraded Avon AVP from Neutral to Underperform
- KeyBanc downgraded Tableau Software DATA from Overweight to Sector Weight
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