Stocks (^DJI, ^GSPC, ^IXIC) trade in range as big earnings loom for the markets. Plus – Alphabet earnings coming any minute now, we’ll have them for you. And – as the opioid crisis ravages the country, is big pharma about to enter rough legal terrain? Catch The Final Round at 4 p.m. with Nicole Sinclair and Yahoo Finance markets Yahoo Finance editor-in-chief Andy Serwer.
Winners and losers
Hibbett Sports after the retailer posted disappointing forward guidance, citing “very challenging” sales trends Boston Beer Company after the Sam Adams maker was downgraded to sell at Goldman Sachs on expectations of lower US beer volume, and Hasbro. Shares of the toymaker slumping as revenue and margins missed Street estimates. Demand was strong for Transformers and Nerf toys but weak for Playskool, Super Soaker and Easy Bake Oven products.
Stocks soaring higher today include Scientific Games Corporation after the lottery and gambling game service provider posted a big beat on revenue Xerox on an upgrade to equal-weight at Barclays, citing cost cuts and WebMD. That’s as private-equity firm KKR is buying the health website operator in a deal valued at about $2.8 billion, a 20% premium to Friday’s close.
Chicken Soup for the Soul goes to Wall Street
Chicken Soup for the Soul Entertainment, the video side of the self-help book brand, just sold shares of common stock in an initial public offering that aims to raise as much as $30 million. William Rouhana, Chairman and CEO, joins us to discuss.