Stocks (^DJI, ^GSPC, ^IXIC) are weak as Hurricane Irma devastates the Caribbean and approaches the US. Plus, Disney shares are tumbling: A top analyst gives us his take. And Trump’s pivot has the GOP twisted in knots — but — does this mean tax reform COULD actually happen? Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red today include Alnylam Pharmaceuticals after it revealed a fatal event with a patient using an experimental drug, Ferrari as Morgan Stanley downgraded the sportscar maker to “underweight” with a $100 price target, and Barnes & Noble — shares of the bookseller are under pressure after it announced an earnings and revenue miss. Same-store sales also fell nearly 5%.
Stocks in the green today include GoPro after the action camera-maker said it expected current quarter revenue and gross margins to come in at the high end of estimates, Fitbit after it announced a deal with Dexcom to build a glucose monitoring product, and RH — shares are on fire as the Restoration Hardware parent beat on earnings and raised its full-year forecast, citing benefits of its membership model.
Pernod Ricard CEO on the business of spirits
It’s been a good year to be bad. Our Yahoo Finance motif of Sinful Stocks is up over 20% this year. It’s a basket of casinos, tobacco and alcohol names. Pernod Ricard, which trades in France and is home to many famous alcohol brands, has also had a good year. CEO Alexandre Ricard joins me now.