Stocks (^DJI, ^GSPC, ^IXIC) treading water here as blowout earnings from Goldman can’t get the Dow moving. And crude oil – it’s hitting energy names hard. Plus – Netflix earnings any minute now, we’ll have those big numbers for you, live. Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance reporter Jared Blikre.
Winners and losers
Stocks getting hit today include JCPenney after Credit Suisse downgraded it to Neutral with a $7 price target, (FS) CSX after the rail operator’s profit dropped from a year earlier, and (FS) Himax Technologies shares sliding as Credit Suisse also hit this stock, claiming the chipmaker will see a sales drop in 2017.
(FS) Stocks in the green today include CoLucid Pharmaceuticals as Lilly will acquire the drugmaker for $960 million, (FS) Neurocrine Biosciences after it announced topline results for its Tourette syndrome treatment, and (FS) US Steel – shares jumping following positive comments by Morgan Stanley, and Wilbur Ross testifying at his confirmation hearing that the US needs tariffs to combat steel dumping.
The PC market’s secret weapon
It’s no secret that PC sales have been in decline for years, but is it possible that the niche gaming market could be a bright spot for the industry? Joining us now to discuss is Yahoo Finance Tech editor Dan Howley.
Looking ahead
The World Economic Forum in Davos, Switzerland rolls on. Stick with Yahoo Finance as we’ll have live coverage starting tomorrow at 8:30AM Eastern.
Also at 8:30AM Eastern we’ll get housing starts for December. Economists are expecting a seasonally adjusted 1.2 million new starts.
Tomorrow night in New York City, the oracle of Omaha, Warren Buffett, attends the world premiere of the HBO documentary about him, titled “Becoming Warren Buffett.” The documentary will air on HBO this January 30th.
