Stocks rocket higher fueled by energy gains

Stocks rocket higher fueled by oil's big ride. Catch the Final Round at 4 p.m. ET as Jen Rogers and Rick Newman break down the big rally.

Facebook F8 underway

We take a look at all the new messenger technology and chatbots Facebook revealed today at its F8 developer conference.

Jim Rickards on gold

Gold just wrapped up one of its strongest quarters in over 30 years, with a gain of 16% in Q1. But will gold continue to shine? We spoke with James Rickards, author of the book The New Case for Gold.

Winners and losers

Stocks selling off today include L Brands on a Goldman downgrade; Starbucks also with a downgraded, this time by Deutsche Bank; and Och-Ziff Capital Management with shares tanking on reports the DOJ is pushing the fund manager to plead guilty in a criminal case regarding alleged bribery overseas and pay $400 million civil fine. Och-Ziff has around $45 billion in assets under management.

And its upgrade Tuesday for these winners, starting with Chesapeake Energy getting bumped to hold from sell at Tudor Pickering, Corning upgraded to a buy with a new price target of $26 by Goldman Sachs; and Yandex, the Russian search engine, also getting an upgrade from Goldman, with analysts giving it a buy rating as Wall Street starts showing Russia some love again.

Looking ahead

  • In the morning, we'll get producer prices for March. Last month we saw a year-over-year change of 1.2% for prices received by the nation's producers of goods and services.

  • In the world of sports, the Golden State Warriors look to set a new record for wins during an NBA season with 73 tomorrow night in Oakland. The Warriors tied the record of 72 wins held by the 1996 Chicago Bulls - universally known as the best team ever in NBA history (or so says our producer from Chicago).

  • Finally at 3 p.m. ET tomorrow, Yahoo Finance editor-in-chief Andy Serwer will have an exclusive, live interview with JPMorgan CEO Jamie Dimon on the day crucial Q1 earnings are released.

 

Advertisement