Stocks power to new highs as shutdown nears end
Stocks are hitting new highs as earnings season rolls on and the government shutdown nears its end. Plus, Netflix earnings are out any minute now. We’ll have those for you. And, the White House infrastructure plan leaked. Here’s how to invest alongside the big spending. Plus, will “Tom Terrific” save the Super Bowl from a ratings disaster?
Winners and losers
Stocks in the red include ADT as shares continue selling off for the security company after its IPO last week; Esperion as Citi downgrades the biotech name claiming the dwindling prospects of an acquisition; and Twitter, with shares weak as the Journal reports COO Anthony Noto is considering leaving the company to take the CEO role at finance startup SoFi.
Stocks in the green include Juno Therapeutics as Celgene has finally purchased the shares of Juno it didn’t already own for $87 a share, in a deal valued at $9 billion; Harley-Davidson as Wells Fargo upgraded it to Outperform citing valuation; and Abercrombie and Fitch, with shares of the retailer jumping as it raised its fourth-quarter guidance and expects same-store sales to be in the high-single digits.
