Stocks start the second half of 2018 … with a whimper. Plus, 2018 Part II starts now. What does Wall Street think will happen next? And, Elon Musk and Tesla deliver a huge milestone. An analyst gives us the bull case, and huge price target call. Plus – Nike dinged as a legend leaves its sponsorship stable… for fast fashion. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the green include Radisys as Indian telecom giant Reliance announces it’s buying the US telco solutions name; Perry Ellis up after Randa Accessories puts in a $28 per share buyout bid that would block a deal to take Perry Ellis private; and Adamis Pharmaceuticals, with shares up after the drugmaker announced a deal with Novartis to develop and market an Epipen competitor.
Stocks in the red include Las Vegas Sands after June Macau gaming revenue came up short versus expectations; MiMedx as its CEO and COO resigned following an internal investigation into the biotech’s accounting practices; and Nordstrom, with shares dropping as Cowen downgraded the stock to Market Pperform, citing a decline in same-store sales at its brick-and-mortar locations.