Stocks hovering around record highs as a big week in earnings awaits. Plus – the power of Xi – China’s top leader solidifying his power – what does this mean for the market, and investors? And – Amazon’s got 238 suitors knocking on its door – who will CEO Jeff Bezos give his final rose to? Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks getting hit today include GE — look at shares tanking here as analysts at UBS and Morgan Stanley warned its dividend was under threat; DBV Technologies following lackluster results for the French health care company’s experimental peanut allergy patch for kids; and Hasbro, with shares of the toymaker tanking after it warned the Toys ‘R’ Us bankruptcy would hit holiday sales.
Stocks getting a lift today include PetMed Express as the online pet pharmacy beat on both the top and bottom lines; Seagate as the hard disk and memory chip maker on an earnings beat as the CEO talked up a deal with Toshiba to obtain NAND flash chips; and VF Corp, with shares of the Timberland and North Face parent jumping after it raised its full year forecast and upped its dividend by 10%.
How bad guys make fake accounts on Facebook
We take a deep dive into Facebook’s fake problem. Yahoo Finance’s Rick Newman made bogus accounts to get to the bottom of it.