Another big day in DC – Stocks maintain gains following the Fed’s anticipated rate hike, and tax reform nears the finish line. Plus – tax reform deal is *this* close to being done – we does it mean for YOU, and the markets? And – bitcoin taking a little hit today, this as a one country big in crypto may reign it in. Plus a look ahead to everything you need to know about tomorrow, today.
Winners and losers
Stocks in the red today include Helios and Matheson as the Moviepass parent announced a complicated stock offering of over 8 million new shares, plus warrants, Tivo as B. Riley downgraded shares to ‘neutral’ claiming its patent issues with Comcast won’t be resolved quickly, and Verifone – shares of the payment systems company slipping despite an earnings beat, as its outlook missed street estimates.
Stocks in the green include Finisar the manufacturer of optical communications will receive $390 million from Apple’s Advanced Manufacturing fund, Western Digital as it announced a global settlement agreement with Toshiba to settle all ongoing litigation related to their flash memory businesses, and Target – shares pushing higher as it will acquire the startup Shipt for $550 Million to speed up its same-day delivery efforts.