Amazon is getting ready to supply you with what the doctor orders, and it might happen sooner than you think. And, Wall Street isn’t thrilled about Tesla’s Model 3 production milestone and the stock drops. Catch today’s Final Round, live at 12:55, with Jen Rogers and Myles Udland.
Winners and losers
Stocks in the red include Glencore, as the mining and commodities giant’s shares dive after a subpoena from the Justice Department regarding compliance with money laundering laws; Interpublic Group, as the advertising company will acquire Acxiom’s Marketing Solutions business in a cash transaction for $2.3 billion; and Delta Airlines, as Deutsche Bank downgraded the airliner to Hold from Buy, pointing to the current trade tensions.
Stocks in the green include Campbell Soup Company as the NY Post reports that hedge fund Third Point is pushing the food company to explore a possible sale; Roku, as Oppenheimer upgrades the stock; and Herman Miller, as the office furniture maker’s revenue came in above forecasts, and it also reported adjusted quarterly profit of 66 cents per share, 8 cents a share above estimates.
Have a happy and safe holiday!