The Final Round Yahoo Finance Video•July 18, 2016 with Alexis Christoforous (@AlexisTVNews)
Stocks edging higher as Wall Street turns its focus back on to earnings.
Stocks edging higher as Wall Street turns its focus back on to earnings. Will Netflix, and perhaps Yahoo, keep the good times rolling? Catch The Final Round with Alexis Christoforous and editor-in-chief Andy Serwer.
Winners and losers
Let’s take a look at some of today’s winners and losers. Stocks on the move lower today include Hasbro slipping on concern over slowing growth in its boys’ division, IPO darling Twilio as Wall Street analysts initiated coverage of the stock with steep price target discounts, and Monster Beverage. Shares of the energy drink company fizzling out following a Wells Fargo downgrade, citing concerns over shrinking revenue growth.
Stocks on the move higher today include Groupon, as Piper Jaffray upgraded the the deal site on its focus on successful products and regions; ARM Holdings soaring as Softbank bids $32 billion for the chip maker; and Bank of America, the nation’s second-biggest bank, by assets surging as the bank posted an earnings beat fueled by strong bond-trading revenue.
Consumer shares to the rescue?
As the markets notch new highs, how sustainable is the rally? And which sectors could power the next leg of the bull market? Yahoo Finance’s Justine Underhill reveals why it might be the consumer coming to the rescue.
Peter Kenny on the markets
For more on the markets and where we’re headed following another up day for stocks, I’m joined by Wall Street veteran and longtime NYSE floor trader Peter Kenny of Global Markets Advisory Group
In the morning, we’ll get housing starts for June. Economists are looking for around 1.17 million new starts, slightly more than the prior month.
Earnings season is in full swing with huge reports from Goldman Sachs, Johnson & Johnson, and Microsoft after the bell—which we will have for you live tomorrow morning.
Finally ,the RNC convention rolls on with speeches by House Speaker Paul Ryan, New Jersey Governor Chris Christie and Senate Majority Leader Mitch McConnell.