Stocks jumping to all-time highs as traders cheer an early holiday gift for the market – a signed tax reform bill. Plus – tax reform almost here – but who does it help? Yahoo Finance’s latest poll reveals what you all think. And – Double trouble for Amazon across the pond – will regulatory issues trip up the online giant? Plus – with 2017 almost in the books, what can we expect next year? Reuters Rob Cox has his predictions, coming up.
Winners and losers
Stocks in the red today include Aratana Therapeutics as its osteoarthritis drug failed to meet trial goals, Energy Recovery as the oil and gas company reported an issue with its Vortek hydraulic fracturing system, and Euronet – shares dropping as the payments company was downgraded by William Blair to ‘market outperform’ citing regulatory uncertainty.
Stocks in the green today include Akamai as Elliot Associates reported a 3.5% stake in the video and content delivery company, Twitter as JPMorgan upgrades it to ‘Overweight,’ citing improved product features and daily active user growth, and Synder-Lance – these pretzels are making me thirsty… for M&A… at least that’s what Campbell Soup is saying after it bought the pretzels and snacks maker for $4.87 billion.
2018 predictions with Rob Cox
Who would have predicted Amazon would buy Whole Foods or that Disney would buy Fox in 2017? Or what about the Astros winning the World Series? It’s been a crazy year and another one is on tap. Here with Reuters Breakingviews predictions for 2018: Rob Cox, Global Editor for Breakingviews.