Call it a 'Cahn Job, as in Carl Icahn. The love 'em or hate 'em billionaire sent markets retreating from intraday highs yesterday when he predicted a quote "big drop" in stocks. The Dow still notched a record close, just 24 points shy of 16,000, but it had been above that threshold. The S&P broke a three-day streak of record closes. So, was Icahn right, and is he the only one pounding this drum? Watch Hot Stock Minute host Lauren Lyster ask Yahoo Finance Senior Columnist Mike Santoli in the video above.
We're learning earnings this morning from some of the nation's biggest retailers. First is Home Depot (HD). The home improvement behemoth made 95-cents a share, a nickel better than expectations and up from 3-cents a year ago. Revenues also topped estimates at nearly $19.5-billion. The stock is up more than 3% on these numbers. Also reporting is Best Buy (BBY). It's plunged more than 7% in the premarket despite beating earnings expectations by 6-cents a share. Perhaps that's becauseRead More »from Carl Icahn Cools Markets; Home Depot and Best Buy Report; Bitcoin Shines