Stocks weak following disappointing jobs report
Stocks weak after a jobs report whiff – we break it all down. Plus – could there be a silver lining in the jobs report? We explain why Main Street could see a lift. And – IPOs are back in vogue – is this a good thing, or sign of a top? Plus – Hollywood rocked – why the Harvey Weinstein scandal couldn’t have come at worse time for his studio, and the industry. Catch The Final Round at 3:55 p.m. with Jen Rogers, Yahoo Finance Editor-in-Chief Andy Serwer, Nicole Sinclair, and Myles Udland.
Winners and losers
Stocks on the move lower include Helen of Troy as the cosmetics maker cut its full-year forecast due to restructuring costs, Gigamon as Reuters reports Elliott Management’s plan to acquire the network solutions firm has ground to a halt, and Costco – shares getting hammered as margins shrank, with investors blaming grocery price wars.
Stocks in the green today include GM as Citi sees shares tripling to $134 claiming it’s uniquely positioned with a strong RoboTaxi autonomous vehicle play, Plug Power as Craig-Hallum raised its price target for the hydrogen fuel cell systems firm to $4, and Switch – shares climbing on Switch’s market debut, as the data center company raised $531 million dollars, giving it a $4.2 billion valuation.
