All three indexes closed at all-time highs yesterday. The Dow has recorded a record closing for the eighth straight session. However, minutes being released by the Federal Reserve meeting may pull back on future records.
Here are some of the stocks the Yahoo Finance team will be watching for you today.
We are tuning into shares of DISH Network (DISH) after the satellite TV company reported better-than-expected profits and unexpectedly added pay-TV subscribers in the fourth quarter. Analysts expected the company to lose subscribers. They launched the low-priced Sling TV service in 2015, offering a “slim” bundle of channels, including live programming from networks such as ESPN.
Toll Brothers (TOL) shares are higher after the company posted earnings and revenue that beat Wall Street expectations. Toll, whose homes can cost more than $2 million, said orders rose about 22 percent in the quarter ended Jan. 31. The company also raised the low end of its deliveries forecast for the current year.
Bristol-Myers Squibb (BMY) shares are in focus after a report that billionaire investor Carl Icahn has taken a stake in the drugmaker. The Wall Street Journal says Icahn sees the company as a possible takeover candidate. This came on the same day Bristol-Myers announced it will add three board directors and repurchase $2 billion in stock moves negotiated with activist investor Jana Partners. Shares of the company are down 14% in the last year.
United Parcel Service (UPS) says it successfully tested a delivery, via drone. It took place in a suburb of Tampa, Florida. It launched from the top of an electric van which has a recharging station. UPS emphasized that they’re still a ways off before drone deliveries become an every day service.
Here are some of the other stories the Yahoo Finance team is covering for you today.
Economic deportation concerns
President Donald Trump’s crackdown on undocumented immigrants may be a strain on the economy. Removing them may cost the economy $5 trillion over the next 10 years, according to a study. The National Bureau of Economic Research says it’s the equivalent of cutting out Massachusetts from the U.S. economy. How is this possible and which sectors would be hurt the most?
Big 3 automakers want a big change
Automakers are asking the Environmental Protection Agency for a favor. Ford (F), GM (GM) and Chrysler (FCAU) want moves made by the Obama administration regarding tough fuel economy and emissions standards repealed. How big of an impact would this be for the Big 3 automakers?
Facebook is looking to take you out to the ball game this summer. The company is reportedly in talks with Major League Baseball to livestream games. The social networking company would show one game per week for this upcoming season. How big of a win would this be for Facebook and MLB?