Let’s make a deal! M&A talk sends stocks to record highs yet again. Plus – Murdoch and Iger – looking to make a deal? Why Fox and Disney both have something to gain. And – another blow for tax reform – can it recover – and give the markets another boost? Catch The Final Round at 3:55 p.m. with Jen Rogers, Yahoo Finance Editor-in-Chief Andy Serwer, and columnist Rick Newman.
Winners and losers
Stocks in the red today include Sprint as it called off merger talks with rival T-Mobile, Acadia Pharmaceuticals as Leerink put out a cautious note on the drugmaker’s experimental dementia treatment, and Papa John’s – shares getting sliced again as the pizza chain escalates its war with the NFL, claiming it is reevaluating its NFL sponsorship in the wake of declining ratings.
Stocks in the green today include Michael Kors as the luxury goods maker raised its full-year outlook, Marvell Technology on reports the chipmaker is in advanced talks to buy rival Cavium, and AMD – another chipmaker here, shares popping on a Journal report that it and Intel are teaming up to take on graphics-chipmaker Nvidia.
Navigating a market at all-time highs
With a market at all-time highs and volatility near multi-year lows, cautious investors are wondering how to set themselves up for when volatility, and the inevitable market pullback occurs. Here with more is John Gagliardi – vice president at our sponsor Fidelity Investments and moderator of the Risk Management Strategies for this week’s webinar.
You can sign up to watch the webinar here.