Stocks soar following worst week in 2 years
Stocks rally after the worst week for stocks in two years. Plus, Amazon reported a blowout quarter, but if you work there, Jeff Bezos doesn’t want you sitting on your laurels. And the company behind MoviePass did it again, and the stock’s moving. But will it be lights out for this trade soon? Plus, you won’t believe what insurer Aetna’s been up to. We explain. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red include Lumber Liquidators as the hardwood floormaker was downgraded by Wedbush to Neutral with analysts citing a ’less robust outlook;’ La Jolla Pharmaceuticals as Jefferies downgraded shares to Underperform, with a $29 price target; and Ulta Beauty, with shares dropping on a WWD report that the cosmetics chain was directing employees to repackage and reseal returned products, which includes used cosmetics and other items.
Stocks in the green include Restaurant Brands as the Burger King and Popeye’s parent reported an earnings beat; CSRA as the IT solutions firm will be bought by General Dynamics for $9.6 billion including debt; and Helios & Matheson, with shares going higher here as the MoviePass parent crosses 2 million subscribers and it is cutting its subscription price to $7.99 a month for users who pay 12 months upfront.
