Here are the charts of the day for Tuesday March 13, 2018.
Qualcomm (QCOM): Shares dropping here in early trade. In a surprise move, the Trump administration is blocking a proposed Qualcomm deal with Singapore-based Broadcom, citing national security concerns.
Dick’s Sporting Goods (DKS): Shares slipping right now. The sporting goods retailer is under pressure after sales for its holiday quarter missed the mark, with same-store sales falling 2%. Last year that metric gained 5% during the holiday period.
GE (GE): Shares also lower in early trading. JPMorgan lowered its price target on GE to a $11, a Street low, while maintaining its Underweight rating. JPMorgan says full-year earnings will come in a ‘step lower’ than what analysts are expecting. Also today: Bonuses for top execs were eliminated, for the first time in the company’s 126 year history.
For more on today’s big stock movers check out the Final Round, live at 3:55 p.m. Eastern, right here on Yahoo Finance.