Stocks trading higher as tech outperforms
Stocks paring gains here but still an up day on the street, with tech outperforming. Plus – a big weekend in Omaha wrapped up – we have the biggest takeaways from Berkshire. And – the Berkshire boys had a lot to say about one Elon Musk. We break it down… and why Tesla shares are higher today. Plus – as retailers miss out on the rally, one big retailer is betting heavy on AI. Why tech could save brick and mortar. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks in the red include Dentsply as the dental supply company lowered its 2018 EPS guidance due to industry headwinds, Cognizant Technology as the IT services firm cut its profit forecast due to a higher than expected tax hit, and Macy’s – shares dropping as it and other retailers are getting hit today as Telsey Advisory says Amazon could eventually capture 10% of all retail.
Stocks in the green include Nvidia as Bank of America reiterates its buy rating citing the chipmakers product leadership in the gaming business, Athenahealth as activist Elliot Management made an all-cash takeover bid valuing the medical software maker at $6.46 billion, and (FS) Gannett – shares climbing as the USA Today publisher’s revenue topped estimates, with the company highlighting digital advertising momentum.
