Stocks pull back from record highs as the drama builds in Washington. Plus, Amazon announces its finalists for HQ2. We discuss which city sticks out. And there’s some Apple anger. We explain why one automaker isn’t happy with Apple’s move into the dashboard. Plus, a Blockchain ETF is here. We talk to the ETF’s creator.
Winners and losers
Stocks in the red include Bank of New York Mellon as the asset manager missed on revenue for the quarter; Appian, as the business software developer was downgraded by Goldman to Sell with a $20 price target; and Alcoa, with shares tumbling after the aluminum producer missed on both profit and revenue. Alcoa blamed higher costs for its results.
Stocks in the green include La Quinta on reports Wyndham will buy the hotel chain buy for $1.95 billion; Hertz on an upgrade by Macquarie to Outperform with a $30 price target; and Walmart, with shares getting a boost as Goldman added it to its Conviction Buy List claiming that with the new tax law, it “expects the mass market to benefit from stronger income growth.”
Blockchain ETFs are here
Reality Shares NexGen Economy ETF hit the tape yesterday. Reality Shares CEO Eric Ervin, joins us now.