Stocks struggle in the wake of the latest headlines out of North Korea, with a tech sellloff leading the way lower. Plus – Facebook shares slammed. Is the first letter in FANG hitting the skids? And – Obamacare under threat, but is healthcare actually a buy here. One fund manager makes the case. Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks in the green today include GM on a Deutsche Bank upgrade citing the carmaker’s autonomous tech positioning, Outfront Media as the outdoor ad company was just awarded the New York MTA’s subway and rail business, and Blue Apron – shares piping hot today as Guggenheim initiated coverage with a ‘buy’ rating, citing the meal delivery service’s management and brand leadership position.
Stocks in the red today include AZZ Incorporated as the engineering services firm slashed its guidance in the wake of the recent hurricanes, Quest Diagnostics as the medical lab operator was downgraded by citing new payment rates released by Medicare and Medicaid, and Facebook – shares getting hit today after it dropped plans for a new class of shares that would allow Mark Zuckerberg to keep voting control and fund charity efforts, this on the heels of an investor suit challenging the class.
Buy healthcare here?
Even before September ‘s sell-off, the Healthcare sector has lagged the S&P 500 since the election. Should you take another look? Here to discuss Christopher Tsai of Tsai Capital a global equity manager headquartered here in NYC.