PreMarket Gainers & Losers To Watch 

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Trending Links

• IPO Outlook For The Week: Uber (And 11 Others): Benzinga
  • Uber's highly-anticipated IPO is set to be issued on Friday. Analysts are focusing on near-term profitability, which has been a concern for Lyft. 

• China Considers Skipping Trade Talks After Trump Threat: CNBC
  
  • The Chinese may back out of negotiations this week after Trump’s escalated tariff threat.
  • Dow Jones Industrial Average futures implied an opening decline of about 500 points with shares of Apple and Caterpillar down big in premarket.

• Oil Prices Slump After Trump's Tariff Threat Against China: Reuters
  
  • Oil prices tumbled on Monday after US President Donald Trump said he would sharply raise tariffs on Chinese goods this week, risking the derailment of trade talks between the world’s two biggest economies.

Notable Earnings and Guidance

• Bausch Health Companies (BHC) Q1 Adj. EBITDA $851M, Sales $2.016B Missed $2.03B Estimate; Raises FY19 Guidance
  
  
• Tyson Foods (TSN) Q2 Adj. EPS $1.2 Beat $1.14 Estimate, Sales $10.443B Beat $10.28B Estimate
  
  
• Delek US Holdings (DK) Q1 EPS $1.90 vs $(0.49) In Same Qtr. Last Year, Sales $2.2B Beat $1.92B Estimate

 

Upgrades 

• Bank of America upgraded Acacia Communications (ACIA) from Underperform to Neutral
• Credit Suisse upgraded Vistra Energy Corp. (VST) from Neutral to Outperform

Downgrades

• Barclays downgraded Five Below (FIVE) from Overweight to Equal-Weight
• Susquehanna downgraded Expedia Group (EXPE) from Positive to Neutral

Initiations

• Goldman Sachs initiated coverage on Biohaven Pharmaceutical (BHVN) with a Buy rating and a $92 price target

6:00 a.m. Chicago Fed President Evans Speaks

9:00 a.m. Markit Services PMI

9:30 a.m. FOMC Member Harker Speaks

10:00 a.m. FOMC Member Williams Speaks

10:00 a.m. CB Employment Trends Index

11:30 a.m. 6-Month Bill Auction

11:30 a.m. 3-Month Bill Auction

Deal Talk

• Marvell (MRVL) will acquire Aquantia (AQ) for $13.25 per share in cash.
• Anadarko (APC) confirmed the receipt of a revised proposal from Occidental (OXY) for $59.00 per share in cash plus 0.2934 shares of Occidental common stock.