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Dow surges on tax reform optimism

The Dow surging as more tax reform optimism hits Wall Street. Plus, why are investors so wary of this market, but eager to buy bitcoin? We discuss. And media stocks are in focus this week with Fox and Disney close to a huge deal, and our parent Verizon getting on the gridiron. And, getting started with options? We have some tips to get those first trades in.

Winners and losers

Stocks in the red include bluebird bio as the pharma name announced a secondary offering of $600 million, Spark Therapeutics we highlighted the drugmaker yesterday following disappointing clinical results, today shares were downgraded to ‘neutral’ at UBS, and Mattel – not a merry holidays for toymaker as it sees fourth-quarter sales to be hit by suppliers tightening up inventory and by underperforming brands.

Stocks in the green include Boeing as – surprise surprise – it will hike its dividend and buy back $18 billion shares as tax reform barrels through DC, (FS) Helios and Matheson as Moviepass, which it owns, struck a deal with Costco to offer a one-year subscription plan for a flat fee of $89.99, and (FS) Tesla – shares chugging higher as PepsiCo revealed it reserved 100 of Tesla’s new Semi trucks, the largest pre-order to date.

Getting started with options

Getting started with options is not easy. You might know what a call and a put is, but how do you get started? Joining us now to discuss is Brian Isabelle – Trading Strategy Desk Representative at our sponsor, Fidelity Investments.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.