Morning Market News Digest 早盘市场新闻摘要

。Pacific Time 7:33AM : Dow -97.20，  S&P 500 -4.32， Nasdaq -15.92, Russell 2000 -6.80, WTI crude oil +1.74%，Gold +0.61%， US dollar index-0.39%.

。Oversea markets: Shanghai -0.05%, Japan-0.21%, Hong Kong+0.47%, Germany-0.42%, UK +0.06%, France-0.10%.

。Weak sectors: IBB, IYR, SMH, FDN, SOCL   Strong sectors: GDXJ, OIH, GDX, SLV, GLD

。On Friday, both China and US offered some positive signals on trade talks, with China's Xinhua touting 'progress' made at talks in Washington, while President Trump said the two sides were roughly 'four weeks out' from a deal.

。Oil prices continue to advance, with Brent and WTI hitting fresh 2019 highs overnight ($70.62/bbl and 63.45/bbl, respectively) amid an escalation of violence in Libya, OPEC's ongoing supply cuts, and U.S. sanctions against Iran and Venezuela. ---WALL STREET BREAKFAST

。Boeing (BA -3.82%)said it would cut production of its 737 Max aircraft to 42 per month from 52, as it continues to work to return the aircraft to service following two fatal crashes. In a related story, American Airlines said it would extend cancellations of 90 daily flights involving that aircraft by more than a month to June 5. In light of that production cut, and the possibility of more delays in restoring service, Bank of America/Merrill Lynch has cut its rating on the stock to "neutral" from "buy." ---CNBC

。Wynn Resorts(WYNN +1.62%) was upgraded to "buy" from "hold" at Jefferies, which notes an improved outlook in China and Macau as well as saying that risk related to a Massachusetts license review is more positively skewed.---CNBC

。Procter & Gamble (PG +0.95%) was upgraded to "outperform" from "market perform" at Wells Fargo, which said CEO David Taylor has infused a sense of urgency and responsibility into the consumer products giant that will result in better performance. ---CNBC

。JP Morgan's Stephen Tusa downgraded  Electric (GE -6.59%) to Underweight from Neutral and cut his 12-month price target to $5 from $6."We believe many investors are underestimating the severity of the challenges and underlying risks at GE, while overestimating the value of small positives.---SEEKING ALPHA

。Citi cuts Roku (ROKU -4.65%) from Neutral to Sell citing the stock trading at near record highs, the risk of greater competition in the changing OTT landscape, and the potential for dilution from increased option grants and restricted stock. Roku received downgrades from Guggenheim, Macquarie, and Loop Capital in the past month. ---SEEKING ALPHA

。Snap (SNAP +4.31%) is upgraded to Outperform at RBC, from Sector Perform, after the firm took in the company's partner summit. The company is seeing better monetization potential now, the firm says, in part due to improvements to the Android app boosting user trends. SEEKING ALPHA

。Cowen downgrades Micron (MU -1.36%) from Outperform to Market Perform and cuts the target by a dollar to $45 saying that earnings could fall again in 2020 in "stark contrast to what is contemplated by most investors."---SEEKING ALPHA





。太平洋时间早上7:33：道琼斯-97.20，标准普尔500 -4.32，纳斯达克-15.92，罗素2000 -6.80，WTI原油+ 1.74％，黄金+ 0.61％，美元指数-0.39％。

。海外市场：上海-0.05％，日本-0.21％，香港+ 0.47％，德国-0.42％，英国+ 0.06％，法国-0.10％。

。弱势行业：IBB，IYR，SMH，FDN，SOCL强势行业：GDXJ，OIH，GDX，SLV，GLD

。上周五，中美双方就贸易谈判提出了一些积极信号，中国新华社称在华盛顿的会谈有“进展”，而特朗普总统表示双方大约距达成协议约4个星期。

。由于利比亚暴力升级，欧佩克持续减产以及美国对伊朗和委内瑞拉的制裁，布伦特和WTI隔夜触及新的2019年高点（分别为70.62美元/桶和63.45美元/桶），油价继续上涨。 --- WALL STREET BREAKFAST

。波音公司（BA -3.82%）表示，将把它的737 Max飞机的产量从每月52架减少到42架，因为它继续努力使这架飞机在两次致命撞车事故后恢复使用。在一则相关的报道中，美国航空公司表示将把涉及该飞机的每日90次航班的停飞延长一个多月至6月5日。鉴于减产，以及更多服务延误的可能性，美国银行/美林林奇将BA评级从“买入”下调至“中性”。 --- CNBC

。Jefferies调升评级永利度假村（WYNN +1.62%）从“持有”到“买入”，注意到中国和澳门的前景改善，并表示与马萨诸塞州的许可审查相关的风险偏于正面.--- CNBC

。富国银行调升宝洁公司（PG +0.95%）评级从市场表现到“跑赢大市”，该公司表示首席执行官大卫泰勒为消费品巨头注入了一种紧迫感和责任感，从而带来更好的业绩。 --- CNBC

。摩根大通的Stephen Tusa将通用电器（GE -6.59%）的评级从中性下调至减持，并将其12个月的目标价格从6美元下调至5美元。“我们认为许多投资者低估了GE的挑战和潜在风险的严重性，同时高估了小型的价值。 ---SEEKING ALPHA

。花旗将Roku（ROKU -4.65%）从中性下调至卖出，理由是股票交易价格接近历史高位，OTT格局变化带来更大竞争的风险，以及增加期权授予和限制性股票可能导致的稀释。 Roku在过去一个月内收到了Guggenheim，Macquarie和Loop Capital的下调评级。---SEEKING ALPHA

。在参加公司合作伙伴峰会后，RBC调升（SNAP +4.31%）评级从市场表现至优于大市。该公司表示，该公司现在看到了更好的货币化潜力，部分原因是Android应用程序的改进提升了用户趋势。---SEEKING ALPHA

。Cowen将美光（MU -1.36%）的评级从优于大市下调至市场表现并将目标下调一美元至45美元，表示2020年的收益可能会再次下降，与大多数投资者的预期形成鲜明对比。“---SEEKING ALPHA