Stocks getting a boost here as earnings season gets underway. Plus, Amazon’s big day is almost here … Can it lure Prime members to Whole Foods? And, bitcoin is crumbling just as ICO’s are picking up steam. We have the story. Plus, a strategist tells us why the bull market is going strong and why you should be buying the dips. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and Dan Roberts.
Winners and losers
Let’s take a look at some of today’s winners and losers. Stocks in the red include Nordstrom as investors aren’t totally buying the retailer’s plan to become the “best fashion retailer in a digital world” over the next five years; AutoNation as Morgan Stanley downgraded shares to Underweight, citing valuation and a mature market; and Chipotle, with shares slipping as Mizuho cuts shares to underperform, advising clients to see if new CEO Brian Niccol can replicate prior results during his time at Taco Bell.
Stocks in the green include Stitch Fix as KeyBanc initiates coverage with an Overweight rating and $38 price target as the company is adding product lines to boost “closet share;” Pepsi Co, as the company posts gains in net revenue, helped by its domestic snack business; and Wynn Resorts, with shares up as Stifel Nicolaus upgrades it to hold, claiming the recent pullback has created a compelling risk/reward for the casino operator.