Stocks hitting record highs — again — ahead of a big Fed meeting on Wednesday. Plus, from darlings to villains: Why Facebook and big tech are now in Washington’s crosshairs. And, the GOP’s last-ditch effort to repeal Obamacare, could it actually upend the system and the health care sector? Plus, plus-sizes could get the struggling sector back on its feet. We explain. 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 red today include Finish Line as Piper Jaffray downgraded the retailer to ‘underweight’ with an $8 price target; Ubiquiti Networks after short-seller Citron Research said the network solutions company was a ‘total fraud;’ and Cirrus Logic, with shares dropping as Bofa/Merrill initiates coverage of the chipmaker with an ‘underperform’ rating, claiming the tailwind from iPhone sales will diminish.
Stocks in the green today include Silver Spring Networks as the smart-grid products maker will be acquired by Itron for $830 million; Nvidia as Bofa/Merrill raised its price target for the chipmaker to $210 citing AI/deep learning trends; and Orbital ATK – shares of the aerospace defense company soaring after Northrop Grumman agreed to by it in a $9.2 billion deal.
Only 0.1% of luxury players have plus-size offerings
Struggling retail names like to point the finger at Amazon and online distribution models for hitting their business model, but those same retail names may be part of the problem as they ignore and alienate the plus-size customers. Alex Mondalek joins us to explain.