US stock market news - NYSE, NASDAQ on 31.05.2017

● Bosch management assures, that problems with the supply of parts to the factories of the German automaker BMW have been eliminated. From today, the enterprises of the concern receive electric steering mechanisms without interruption..
● Federal Reserve System оштрафовала Deutsche Bank на $41 million for deficiencies in the fight against money laundering in banking operations in the United States.
● The dollar may strengthen by about 10% against the yen and the euro, since the Federal Reserve (FED) US to raise interest rates at least twice this year, forecasts Goldman Sachs Asset Management.


● Former Trump National Security Advisor Michael Flynn agreed to disclose a number of documents, requested by the US Senate Intelligence Committee to investigate Russian interference in the presidential election 2016 G., writes Bloomberg
● Во вторник акции Amazon впервые пересекли отметку в $ 1000

● On Tuesday the London Stock Exchange (LSE) informed Citigroup that it was ready to buy the analytics platform and index business for $ 685 миллионов наличными.
● Moody's Investors Service downgraded Vista Outdoor Inc's credit rating on Tuesday. (VSTO) up to Ba3 from Ba2 to garbage category, on concerns about the company's relatively weak operating indicators
● Although the US Federal Reserve (FED) and is preparing for the next increase in interest rates, but inflation remains low. This worries some Fed governors
● Expected, that the Fed will raise interest rates in June. But then she may be forced to change her plans., if Congress and the White House cannot agree in September on raising the public debt ceiling
● Mobile payment service Paytm has become the second most valuable startup in India amid the government's struggle with cash. Paytm is now priced at $7 billion
● Uber fired engineer Anthony Lewandowski in an effort to end legal battle with Alphabet, who accuses him of stealing the secrets of developing self-driving cars
● Andy Rubin, creator of the Android operating system, introduced the titanium smartphone Essential Phone, with which he wants to squeeze Apple and Samsung. But analysts are skeptical
● Toshiba has confirmed, что не сможет представить проверенный аудитором годовой отчет на собрании акционеров в конце июня.
● Alphabet introduced the new Nest Cam IQ smart home security camera. It will cost $299, and its sales will begin at the end of June.
● Whirpool will ask the US government to create barriers to the import of washing machines. She accuses South Korean Samsung and LG of dumping

Gapping down
In reaction to disappointing earnings/guidance:

  • KORS -5.1%
  Really divine

Select oil/gas related names showing early weakness with Crude futures down over 2% in pre-mkt:

  • WLL -2.6%, MRO -2%, PBR -1.7%, DVN -1.4%, STO -1.1%, TOT -1%, CVE -0.9%, SLB -0.8%, RIG -0.8%

Other news:

  • AKTX -16.8% (CEO resigns, company discloses inaccuracy in previously reported interim analysis of ongoing Phase 2 PNH trial of Coversin)
  • GEMP -13.2% (President and CEO Mina Sooch resigns)
  • ARI -4.3% (Commences 12 mln common stock offering)
  • ACIA -1.9% (identified a quality issue; believes it affects a portion of the ~1,300 AC400 units and 5,000 CFP units manufactured by one of its three contract manufacturers)
  • HAIN -1.5% (Receives lender waiver and extension of credit facility to June 15th)
  • CXRX -1.2% (notified by the UK’s CMA that it intends to continue with its pricing investigation at this time)

Analyst comments:

  • IRBT -1.6% (downgraded to Hold from Buy at Canaccord Genuity)
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