Stocks starting 2018 where they left off in a huge 2017, with a bang. Plus – a big year in the books, but does that mean 2018 will be another one to remember? And – Amazon’s next ‘target’ could be an offline play – we break it down. Plus – another day, another big move in digital currencies – especially ether. So what exactly is it? Catch The Final Round at 3:55 ET p.m. with Justine Underhill, Myles Udland and Dan Roberts.
Winners and losers
Stocks in the red today include Wynn Resorts as the casino operator’s Macau gaming revenue missed estimates, Sirius XM as JP Morgan downgraded it to ‘underweight’ citing higher royalty rates, and Rent-A-Center – shares dropping as founder and CEO Mark Speese will step down. This follows pressure from activist funds.
Stocks in the green today include Disney on a Macquarie upgrade to ‘outperform’ citing international and its over-the-top services, Alibaba as its mobile browser is gaining market share over Google’s Chrome, and Weight Watchers – shares popping after it said music producer DJ Khaled will be its “social media ambassador,” and he will document his weight loss progress with Weight Watchers in 2018.