Morning Market News Digest 早盘市场新闻摘要

。Pacific Time 7:45AM : Dow +32.80，  S&P 500 -4.42， Nasdaq -33.05, Russell 2000 -9.04, WTI crude oil+0.06%，Gold+0.06%， US dollar index+0.35%.

。Oversea markets: Shanghai-0.40%, Japan-0.84%, Hong Kong-0.54%, Germany+0.36%, UK-0.24%, France+0.30%.

。Weak sectors: IBB, PPH,  IGV, FDN, EEM, IYM Strong sectors:TLT, UUP

。Sales at U.S. retailers surged in March by the most in a year and a half, the latest in a string of reports suggesting the economy is firming up after a soft spell of growth earlier in the year. Retail sales soared 1.6% last month, the government said Thursday. Economists polled by MarketWatch expected sales to climb 1.1%. ---Market Watch

。April U.S. PMI Composite Flash: 52.8 vs. 54.3 consensus 54.3 prior.
Manufacturing PMI 52.4 vs. 52.2 consensus, 52.5 prior. Services PMI 52.9 vs. 55.0 consensus, 54.8 prior. ---Seeking Alpha

。Initial Jobless Claims -5K to 192K vs. +206K consensus, 197K prior (revised).Continuous Claims: -63K to 1.653M vs. 1.720M consensus, 1.716M prior (revised). ---Seeking Alpha

。The eurozone composite purchasing managers index for April fell to 51.3, from 51.6 in March, below the analysts’ expectation for 51.8. A reading above 50 indicates an increase in economic activity. ---Market Watch

。MKM Partners says expectations for an H2 recovery for memory-related semi names remains "on track" despite a challenging demand environment. Analyst Ruben Roy believes "profitability metrics are likely to bottom by the end of the first half of the calendar year."Roy sees long-term market share gains for Micron (MU -0.79%) and expects the valuation multiple to continue to expand as visibility keeps improving. Roy maintains his Buy rating and $50 PT on Micron.---Seeking Alpha

。Citi believes after the earnings boost, Morgan Stanley’s (MS -1.06%)stock is in line with its target and has little room to go up. The bank downgrades Morgan Stanley to neutral from buy. “Though we believe MS has very high quality franchises and has the potential to continue to gain market share, we’d rather be on the sidelines in the near-term,” Citi analyst Keith Horowitz say. ---CNBC

。American Express （AXP +1.11%） — The financial services company earned an adjusted $2.01 per share for the first quarter, 2 cents a share above estimates. Revenue came in below Wall Street forecasts, however. American Express also reiterated its 2019 guidance. ---CNBC

。TSMC(TSM +1.13%) — The company formerly known as Taiwan Semiconductor reported its biggest profit decline in more than seven years during the first quarter. The world’s largest contract chipmaker earned just under $2 billion, nearly 32% less than a year earlier. ---CNBC

。Honeywell （HON +2.73%）earned $1.92 per share for the first quarter, compared to the consensus estimate of $1.83 a share. Revenue beat estimates as well, with Honeywell seeing strong demand for its aerospace products. The company also raised its full-year forecast.---CNBC

。Canopy Growth (CGC +8.47%) has agreed to acquire Acreage Holdings (OTCQX:ACRGF) for $300M in cash plus 0.5818 CGC common shares for each Acreage subordinate voting share representing a total transaction value of ~$3.4B. The parties will execute a licensing agreement granting Acreage access to CGC's line-up of brands, including Tweed and Tokyo Smoke, along with other intellectual property. Acreage owns or has service agreements in place for cannabis licenses in 20 states, including 87 dispensaries and 22 cultivation and processing sites.--- Seeking Alpha






。太平洋时间早上7点45分：道指+32.80，标普500 -4.42，纳斯达克-33.05，罗素2000 -9.04，WTI原油+ 0.06％，黄金+ 0.06％，美元指数+ 0.35％。

。海外市场：上海-0.40％，日本-0.84％，香港-0.54％，德国+ 0.36％，英国-0.24％，法国+ 0.30％。

。弱势行业：IBB，PPH，IGV，FDN，EEM，IYM 强势行业：TLT，UUP

。3月份美国零售商的销售额增长为一年半以来最快，，这是一系列报告中的最新报告显示经济在经历了今年早些时候的温和增长之后正在坚挺。政府周四表示，上个月零售额飙升1.6％。 MarketWatch调查的经济学家预计销售额将增长1.1％。 ---Market Watch

。4月份美国采购经理人指数综合报告为52.8，低于预期及之前的54.3。制造业PMI为52.4，好于52.2共识，之前为52.5。服务业PMI 52.9对55.0预期，先前为54.8。 ---Seeking Alpha

。首次申请失业救济人数为-5K至192K，对+ 206K共识，197K之前（经修订）。持续申请：-63K至1.653M对.720M共识，1.716M之前（经修订）。 ---Seeking Alpha

。4月份欧元区综合采购经理人指数从3月份的51.6降至51.3，低于分析师预期的51.8。读数高于50显示经济活动增加。 ---Seeking Alpha

。MKM Partners表示，尽管需求环境充满挑战，但与内存相关的半半导体公司下半年恢复的预期仍然“正常”。分析师Ruben Roy认为，“盈利能力指标很可能会在上半年结束时触底。”罗伊看到美光（MU -0.79%）的长期市场份额增长，并预计随着能见度不断提高，估值股价倍数将继续扩大。罗伊维持他的买入评级和美光的50美元目标价。---Seeking Alpha

。花旗认为，在盈利增长之后，摩根士丹利（MS -1.06%）的股票价格符合其目标并且几乎没有上涨的空间。该银行将摩根士丹利评级从买入下调至中立。 “虽然我们认为MS拥有非常高质量的特许经营权并且有可能继续获得市场份额，但我们宁愿在短期内保持观望，”花旗分析师Keith Horowitz表示。 --- CNBC

。美国运通（AXP +1.11%） - 金融服务公司第一季度每股收益调整后为2.01美元，比预期高出2美分。然而，营业额低于华尔街的预测。美国运通也重申其2019年的指导意见。 --- CNBC

。台积电（TSM +1.13%） - 前身为台湾半导体的公司报告称其第一季度利润为七年下跌最多。这家全球最大的合约芯片制造商的营业额不到20亿美元，比一年前减少了近32％。 --- CNBC

。Honeywell （HON +2.73%）第一季度每股收益1.92美元，而市场普遍预期为每股1.83美元。营业额超过预期，Honeywell航空航天产品的需求强劲。该公司还提高了全年预测.--- CNBC

。Canopy Growth（CGC +8.47%）已同意以每股3亿美元的现金收购Acreage Holdings（OTCQX：ACRGF）以及每股Acreage附属投票权股份的0.5818股CGC普通股，总交易价值约为34亿美元。 双方将签署许可协议，授权Acreage采用CGC的品牌阵容，包括Tweed和Tokyo Smoke，以及其他知识产权。 Acreage在20个州拥有或签订了大麻许可证，包括87个药房和22个种植和加工场所.---Seeking Alpha