Netflix hits a new all time high—powering tech and the Nasdaq. Plus – United and IBM earnings any minute now. And, a tax hit on tax day? A big sales tax case is at the Supreme Court today. Will e-commerce take a hit? Plus, Visa’s new face for the 2018 World Cup is larger than life. We’ll have that for you. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland, and Dan Roberts.
Winners and losers
Stocks in the red include PepsiCo as Goldman Sachs gets picky with its beverage choices and upgrades Coca-Cola to Neutral and downgrades Pepsi with the view that shares of the food-and-beverage brand are likely to underperform; Johnson & Johnson despite an earnings beat as its baby care unit weights on results; and Goldman Sachs, with shares slipping a bit here despite a strong quarter as CFO Martin Chavez said on the call they wouldn’t buy back shares.
Stocks in the green include GrubHub as Stephens initiated the Seamless parent with an overweight rating; Roku after Steven Cohen’s Point72 revealed a stake in the company, as well as Roku announcing ESPN+, is now available on all Roku devices; and Twitter, with shares rising as Morgan Stanley upgraded shares to Equal weight from Underweight, claiming talks with advertisers led them to believe Twitter’s ad sales will grow this year.