|  | | | | |  | | |  | | | | 10 Things Before the Opening Bell | | | | | | | Advertisement
{{ad('main')}} Here is what you need to know. - China cuts its growth target. China's central government on Monday said it would target gross-domestic-product growth of 6% to 6.5%, down from its hard 6.5% target.
- The trade war cost Americans $1.4 billion a month last year. "The entire incidence of the tariffs fell on domestic consumers and importers up to now, with no impact so far on the prices received by foreign exporters," the economists Mary Amiti, Stephen Redding, and David Weinstein wrote in a new study by the New York Federal Reserve, Princeton, and Columbia.
- Goldman Sachs finds the stocks that both hedge funds and mutual funds love. The firm has identified 13 stocks that are in the good graces of both hedge funds and mutual funds and says they could deliver supersize returns.
- Papa John's settles with John Schnatter. The pizza chain Papa John's and its founder, John Schnatter, have reached a settlement agreement in which Schnatter will dismiss his lawsuit against the company and resign from its board, Bloomberg reports.
- Hawaiian Airlines' stock tumbles as Southwest begins selling tickets to Hawaii. Shares fell nearly 11% on Monday after the Deutsche Bank analyst Michael Lindberg called the new Southwest route to the island state a "direct threat" to Hawaiian Airlines' business model.
- Whitney Tilson says Tesla will plunge below $100 this year. Tilson, the former manager of Kase Capital, said he sensed that "the number of investors who are losing confidence in Musk is finally exceeding those who are drinking his Kool Aid."
- Blue Apron is back below $1. The stock has tumbled more than 27% since Wednesday, when Bessemer Venture Partners sold a block of 15 million shares at an 11% discount to the prior day's closing price.
- Stock markets around the world are higher. China's Shanghai Composite (+0.88%) led the way in Asia, and Britain's FTSE (+0.38%) was out front in Europe.
- Earnings reporting picks back up. Kohl's and Target report ahead of the opening bell, while Ross Stores releases its quarterly results after markets close.
- US economic data flows. Markit services PMI will be released at 9:45 a.m. ET before ISM nonmanufacturing and new-homes sales cross the wires at 10 a.m. ET. The US 10-year yield is up 1.3 basis points at 2.74%.
| | |  | | | | | | Was this email forwarded to you? | | | | | | | | | | Share this | | | | | | | You received this email because you signed up to the
Business Insider newsleitter using the
email: nguyenvu1187.love5@blogger.com | | | | | | | | 1 Liberty Plaza, 8th Floor. New York, NY 10006 | | |  | |
|
0 comments:
Post a Comment