Stocks are hovering at all time highs on Cyber Monday, as two diverging tales unfold on Wall Street. Plus, Cyber Monday is well underway and breaking records, as Amazon and Walmart battle for online supremacy. And, bitcoin blasts through $9,500 as another Wall Street titan says, “Beware.”
And, David Nelson says net neutrality is on death row—and should die. He makes the case. Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red include Western Digital as Morgan Stanley downgraded it to Equalweight with a $90 price target; Regeneron as its experimental eye treatment failed to meet its clinical objective; and Square, with shares dropping as BTIG downgraded shares to Sell, claiming the stock’s jump this month due to bitcoin applications was overdone.
Stocks in green today include Barracuda Networks as PE firm Thomas Bravo will buy the company for $1.6 billion in cash; Roku as Needham raised its price target to a ‘Street-high’ of $50; and Time Inc., with shares ripping again as Meredith confirmed its rumored $2.8 billion bid for the publisher.
Let ‘net neutrality’ die?
Save the Internet. End of the Internet as we know it. Looming Mistake. These are just a few of the headlines crossing since the Chairman of the Federal Communications Commission released a plan to rollback so-called net neutrality regulations. David Nelson says settle down, it’s not that bad.