Stocks are wobbling a bit here after touching new intraday highs. And don’t look now but oil’s back in control. Catch The Final Round at 4 p.m. ET with Yahoo Finance’s Jen Rogers and Jared Blikre.
Winners and losers
Stocks starting the week in the red include Alexion Pharmaceuticals as its CEO and CFO resigned unexpectedly, Lockheed Martin after President-elect Trump tweeted that the defense contractor’s F-35 jet fighter costs were “out of control,” and Viacom, with shares under pressure as Sumner Redstone’s National Amusements has reportedly pulled support for a merger with CBS.
Stocks getting a lift today include Regeneron after biopharma rival Opthotech suffered a setback for a promising eye disease treatment, Alliance Health Services after it received a proposal from Tahoe Investment Group to buy all the outstanding shares of the company it doesn’t already own, and Cornerstone OnDemand, with shares jumping on reports the cloud-based HR services firm is considering a sale due to pressure from activist investors.
Are ‘just’ companies actually better performers?
Legendary trader Paul Tudor Jones is behind it. JUST Capital’s CEO Martin Whittaker on why America’s most just companies, are also just right for your portfolio.
Looking ahead
The FOMC’s two-day meeting begins, with the policy statement and interest rate decision coming on Wednesday afternoon.
In the morning we’ll get import/export data for the month of November. Import prices are expected to fall 0.4%, while export prices showing no change.
President Obama will sign the 21st Century Cures Act, a bipartisan bill to make new investments to address the opioid epidemic, accelerate discoveries in cancer research, and expand the administration’s BRAIN and Precision Medicine Initiatives. Vice President Biden, who heads the Cancer Moonshot initiative, will also deliver remarks.
