Stocks pop to cap 5-day winning streak
is it too late to buy the dip? Stocks pop to cap a 5-day winning streak. Plus, earnings are coming up from CBS and Shake Shack. We’ll have them for you. And, it was a big day for Warren Buffett. We track all of Berkshire’s big moves. Plus, are investors out of the woods yet? Peter Tchir gives us his take, and why volatility is still a threat. Catch The Final Round at 3:55 ET p.m. with Myles Udland and Rick Newman.
Winners and losers
Stocks in the red include NetAp as the data management company reported a loss due to the new tax law; SunPower as the solar firm’s full year revenue forecast came in below expectations; and TreeHouse Foods, with shares tumbling as the packaged food manufacturer issued full-year profit guidance that missed the mark.
Stocks in the green include Overstock as billionaire George Soros reported a nearly 10% stake in the company; Cisco, as the world’s largest networking equipment maker said sales grew about 3% last quarter which is its first rise in revenue in more than two years; and Teva Pharmaceuticals, with Warren Buffett’s Berkshire Hathaway reporting a new stake in the generic drugmaker, close to nearly 19 million shares. Activist fund Jana Partners also disclosed a stake in Teva.
