Stocks are trading in range as the Nasdaq and tech sector outperforms, with Netflix leading the charge. Plus, corporate America is spreading the largesse after Trump’s big tax cuts. It is more PR than actually giving back? We break it down. And, Elon Musk’s new pay package is out there—even for him. We talk why Tesla’s founder is betting big on the company. Plus, the CIO of Goldman’s private wealth management group gives us lowdown on 2018. Catch The Final Round at 3:55 p.m. ET p.m. with Yahoo Finance’s Myles Udland, Dan Roberts and Melody Hahm.
Winners and losers
Stocks in the red today include Wayfair as Stifel cut the furniture retailer to Hold citing valuation; Procter & Gamble despite beating on the top and bottom lines, as profits were down from a year ago; and GoPro, wtih shares getting hit as Morgan Stanley downgrades shares to Underweight, claiming the market is giving GoPro ‘too much credit’ for value it can offer to any acquiring company.
Stocks in the green today include Travelers as the insurance giant beat on both the top and bottom lines; Nvidia as Morgan Stanley said it will benefit from continued mining of the digital currency ethereum; and Whirlpool, with shares of the appliance maker getting a boost following the Trump tariffs on foreign washing machines.