Stocks slip from record highs as traders take in the start of earnings season. Plus – JPM, Citi kick off earnings season with so-so reports. Is this the start of bad things to come for Q4? And – Facebook under the spotlight as Sheryl Sandberg goes to DC – can she get the government to back off the social media giant?
Winners and losers
Stocks in the red today include J Jill as the retailer’s guidance came in well below estimates, AT&T slipping after announcing it lost 90,000 video subscribers last quarter, and Equifax – in case you didn’t think things could get worse, the credit reporting agency reported it may have been breached again, and has taken down a webpage temporarily.
Stocks in the green today include Ardelyx following positive results for a phase 3 irritable bowel syndrome treatment, Glu Mobile as the maker of the Kardashians mobile game was upgraded by Benchmark to ‘Buy’ with a $6 price target, and Square – shares of Jack Dorsey’s payments service up after Oppeneheimer initiated coverage with an ‘outperform’ rating, citing its success in attracting small merchants.
The best trades in ETF-and with Tom Lydon
Tight trading ranges and low volatility has investors hunting hard for yield. Where are they looking when it comes to ETFs? Tom Lydon, ETFtrends.com is back to tell us.