Stocks jumping here to all-time highs as tax reform pushed through the Capitol, and Fed Chair nominee Powell gives traders what they want to hear. And – bitcoin blasting off towards 10,000 – can anything knock traders off from this top trade? Plus – why 2018 setting up as a perfect storm for investors, and is that actually a good thing? Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and reporter Dan Roberts.
Winners and losers
Stocks in the red today include Boston Scientific as the medical devicemaker pulled out of the Piper Jaffray Healthcare conference today, Xunlei as the Chinese cloud company said its name had been used without authorization by another firm, and AMD – shares getting sliced on a Mizuho note claiming the boom chipmakers got from crypto-mining will soon be over.
Stocks in the green today include Rockwell Collins as Emerson ended its takeover attempt for the company, investors likely betting that this is far from over, Thor Industries as the maker of Airstream RVs beat on both the top and bottom lines, and Buffalo Wild Wings – shares flaming hot as the wing chain will be bought by Arby’s parent Roark Capital for $2.4 billion.
Sector lookahead for 2018
As we look ahead to 2018, which sectors are poised to breakout, and which ones do we need to keep a careful eye on? Joining us now is Denise Chisholm, sector strategist at our sponsor Fidelity Investments.
You can read more about Fidelity’s full sector scorecard here.
A Perfect storm will bring more gains: Fahmy
A perfect storm is coming to the stock market, but not the kind the wreaks havoc. No, our next guest says its going to rain gains. Joe Fahmy of Zor Capital joins us.