PRE-MARKET MOVERS

 

UPGRADES

 

DOWNGRADES
2. TEVA:$TEVA downgraded to Underperform from Neutral at Mizuho.
3. TSRO:$TSRO downgraded to Market Perform from Outperform at Leerink. PT $152

 

EARNINGS

 

Trending Social Alerts
1. SGEN:$IMMU Enters Into Exclusive Licensing Agreement With $SGEN for Sacituzumab Govitecan With Potential Payments of Up to Apprx $2B + Royalties
2. SHLD:After a gain of 41% in the pre-market, Sears is now only down 16% YTD. $SHLD
4. ICPT:$ICPT Intercept to Provide Update on Phase 3 REGENERATE Trial of Obeticholic Acid for the Treatment of NASH Patients with Liver Fibrosis

 

Trending News Headlines
1. Abby Joseph Cohen, Famous for Bullish Calls, to Retire

Goldman Sachs Group Inc.’s Abby Joseph Cohen, who became one of Wall Street’s most prominent strategists with prescient calls on some of the biggest U.S. rallies, is retiring as president of the firm’s Global Market Institute.

2. OPEC Keeps Its Promise About Crude Oil Cuts, IEA Says

OPEC achieved the best compliance rate in its history at the outset of an accord to clear the oil glut, a plan that’s being supported by surprising strength in demand, the International Energy Agency said.

3. Barclays feels Valeant share recovery is possible

Barclays analyst Douglas Tsao says Valeant Pharmaceuticals, relative to other names he covers, has an “attractive collection of assets.” Investors are staying away from the stock because of the debt, Tsao tells investors in a research note where he lowered his price target for the shares to $20 from $34. Valeant closed yesterday up 25c to $14.92. The analyst sees value in the company’s core franchises, specifically Bausch & Lomb, Dermatology and Salix. Selling a core asset would enable the fastest debt pay-down, but the question is what would be left behind to interest investors, the analyst writes. He believes, however, that Valeant has the opportunity “to stabilize and perhaps even grow” with the upcoming brodalumab and Vyzulti launches. The new products could reach sales of $800M by 2020, Tsao estimates. He believes that between non-core asset sales and a recapitalization, it’s possible for Valeant shares to recover “over time.” The analyst keeps an Equal Weight rating on the name.

4. Oil overhang points to need for extended OPEC output cuts

An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short of achieving its objective of rebalancing the market.

5. Gasoline sails away from American drivers as East Coast stocks swell

* Traders prep rare East Coast gasoline exports* Cargoes already sailing with exported distillates* Exports underscore record East Coast gaso

6. Oil Jumps as IEA Sees Record OPEC Cuts Compliance, Rising Demand

Oil jumped as the International Energy Agency said OPEC had achieved record initial compliance of 90 percent with their cuts agreement, while demand grew faster than expected.

Technology News
    The Airbnb board of directors is expected to vote on approving the deal this week said the people who asked not to be identified because the terms have yet to be finalized.
    The Luxury Retreats site also offers customers a concierge service with access to private chefs bartenders and masseuses similar to what Airbnb added a few months ago.
    Airbnb said this week that it sees a lot of room to grow in Montreal and other Canadian cities including Toronto where listings jumped almost percent last year.
    Even as Twitter sits at the center of daily media reports given President Donald frequent blasts the company has had trouble persuading advertisers to spend more money on the platform as fewer people join.
    we may not be meeting growth expectations one thing that continues to grow and outpace our peers influence and impact Chief Executive Officer Jack Dorsey said on a call with analysts.
    Video and curbs on abuse may not be enough to boost excitement about product said James Cakmak an analyst at Monness Crespi Hardt even though Twitter is at the center of global political conversation.
    For consumers and organizations trying to improve their security by using a VPN shielding their web traffic from potentially malicious snooping guarding their privacy making it more difficult for a government or other entity to know what they do and say online hard to know where to turn.
    economics make much sense because when you start looking at these applications most of them are free but maintaining online infrastructure is actually very expensive says Narseo a researcher at the International Computer Science Institute who worked on the study.
    Experts recommend choosing a VPN is developed by a reputable company or group has a good public security track record and at least makes an effort to be transparent about its priorities goals and privacy policy.
    The early lead in CD retailing was undone by piracy and during the digital downloading craze Amazon was overtaken by iTunes Store.
    Both men were fit and casually dressed and sat apart on a plush blue couch in a conference room overlooking a company dog park.
    Accompanied occasionally by the faint sound of barking Bezos and Boom spoke candidly about their goals their vision and why you need a assistant in your bathroom.
    HomeRiverLeaderboardsAboutSite NewsSponsorEvents More Recode Quartz International Business Times Jack Dorsey Quartz Gizmodo Bloomberg Recode TechCrunch AdExchanger TechCrunch Recode PR Newswire BBC ZDNet VentureBeat Ad Age Reuters Business Insider Bloomberg Softpedia News CNBC Twitter Axios Mashable Fortune Silicon Republic Vanity Fair INSIDER TechCrunch and Peter Reality Check Tweets fredwilson jasonrmcintyre sarahfrier marklittlenews omidkordestani caseynewton mikeisaac mikeisaac mattlynley cnbcnow mdudas mattlynley jyarow jyarow and mikeisaac.
    Tweets officenews More Bloomberg GeekWire Evernote Blog Fortune TechCrunch Reuters SiliconANGLE Talkin Cloud Axios New York Times Fortune and Peter Reality Check More TechSpot BGR AndroidGuys Tom Guide SlashGear MediaNama Inquirer Softpedia News The Pondering Primate ZDNet Digital Trends and International Business Times Facebook Best place to build make an impact.
    More Ars Technica International Business Times Tech Times Polygon The Tech Portal Polygon Neowin Ubergizmo On MSFT The Next Web PCWorld SlashGear UploadVR Engadget Digital Trends International Business Times TechSpot USA Today Mashable TIME CNET The Verge Rock Paper Shotgun BGR TechnoBuffalo DualShockers Socialnomics and Blue News More Ars Technica Computerworld Securelist TechSpot BetaNews Security Affairs Threatpost eWeek SecurityWeek Network World Gizmodo The Hacker News Neowin and The Register More The Register The Register PE Hub Blog Reuters Infosecurity Magazine eWeek SiliconANGLE darkREADING Washington and SecurityWeek More iMore Music Industry Blog TechHive hypebot Ubergizmo RAIN News Gear The Tech Portal Android Beat Tubefilter and.
    Looking forward to your many creative achievements ahead.
    Congratulations Mina I looking forward to working with you.
    Congratulations Mina.
    Zenefits will lay off of its employees in an effort to slash costs according to an internal memo this morning that was obtained by BuzzFeed News a stark acknowledgment by the embattled human resources startup that its onetime expectations for growth were vastly inflated.
    A Zenefits spokesperson Jessica Hoffman said in an emailed statement to BuzzFeed News has been planned for some time and is the result of a lot of hard work over the past year to improve our products and service and make the operations of the company more.
    As a result of the latest layoffs Hoffman said in the statement have a dramatically improved cost structure the ability to deliver a product roadmap that exceeds customer expectations and enough cash to fund our operations for years to.

 

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

Share This

Share this post with your friends!