Market Overview

The Market In 5 Minutes: Apple, Xerox, Buffett, Mueller And More

Share:
The Market In 5 Minutes: Apple, Xerox, Buffett, Mueller And More

N THE NEWS

Apple Inc (NASDAQ: AAPL) shares rose more than 4 percent following a second-quarter earnings report after Tuesday's close: Link

Even amid the thick of earnings season, biotech stocks sway to the din produced by catalytic events, which include PDUFA action dates: Link

For three days in early May, over 40,000 investors and spectators will flock to the city of Omaha Nebraska to attend what many call the "Woodstock for Capitalists": Link

Xerox Corp. (NYSE: XRX) said its chief executive, Jeff Jacobson, is resigning in a settlement with two of the company’s biggest investors, Carl Icahn and Darwin Deason, a pact that shakes up the majority of the board and puts its transaction with Fujifilm Holdings Corp. at risk: Link $

Special Counsel Robert Mueller, in a meeting with U.S. President Donald Trump’s lawyers in March, raised the possibility of issuing a subpoena for Trump if he declines to talk to investigators in the Russia probe, a former lawyer for the president said on Tuesday: Link

The rout in BYD Co. shares is nearing $9 billion as investors desert what was the world’s top stock only months ago: Link

ECONOMIC DATA

  • USA ADP Employment Change for Apr 204.0K vs 200.0K Est; Prior 241.0K
  • The Energy Information Administration’s weekly report on petroleum inventories in the U.S. 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

  • Bank of America upgraded Juniper (NYSE: JNPR) from Neutral to Buy
  • DA Davidson upgraded Domtar (NYSE: UFS) from Underperform to Neutral
  • KeyBanc downgraded Tanger Factory (NYSE: SKT) from Sector Weight to Underweight
  • Argus downgraded Hershey (NYSE: HSY) 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.

 

Related Articles (SPY)

View Comments and Join the Discussion!

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