Stocks pop to cap off strong week
Guess what? Stocks hit yet another record high, as the strong start to 2018 rolls on. Plus, Steve Wynn is the latest accused of wrongdoing. We break down the fallout for the casino mogul. And Bill Ackman says “just do it” and goes long Nike. Will he agitate for change or actually plot a different course? Plus is Starbucks’ Howard Schultz brewing something up with the blockchain? We explain. Catch The Final Round at 3:55 ET p.m. with Myles Udland, Rick Newman and Julia La Roche.
Winners and losers
Stocks in the green include Intel as it beat on earnings and offered 2018 profit and revenue guidance that topped expectations; AbbVie as the drugmaker beat on earnings and raised 2018 estimates, as powered by the sales of Humira, its blockbuster arthritis treatment; and JD.com, with shares of the Chinese e-commerce site jumping on a Bloomberg report that it is prepping a move in the US market.
Stocks in the red include Colgate Palmolive as the consumer products giant missed on the top line; Bed Bath and Beyond as JPMorgan downgrades the retailer to Underweight, claiming tax savings will not flow through to investors, and Wynn Resorts, with shares tumbling on a Journal report in which dozens recount a pattern of sexual misconduct by CEO and founder Steve Wynn.
Getting technical
Earlier this week we spoke with Yahoo Finance’s Jared Blikre. We got technical and broke down the charts for the Gold Miners ETF—the GDX.
