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Stocks jump on reports of EU tariff deal

Stocks turning positive here as hope grows a trade deal in Europe may happen, and Facebook hits an all-time high with earnings out after the bell. Plus, Facebook, Paypal, AMD, and Qualcomm – the after hours earnings onslaught is coming. And, Alphabet’s Waymo is striking a big deal with Walmart. What does this mean for the self-driving industry and Google’s parent company. Plus, value investor Whitney Tilson says forget Apple; he’s got an even better play. He gives us the trade, next. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and Yahoo Finance Editor-in-Chief Andy Serwer.

Winners and losers

Twitter as JPMorgan gives the social media company an overweight rating citing “an increase in video content, bookmarks, and information quality efforts” which will generate second-quarter sales above expectations; iRobot as the Roomba vacuum cleaner maker handily beat on earnings, almost doubling estimates, with revenue beating the street as well; and GrubHub, with shares piping hot as the parent reported an earnings beat, boosted its outlook, and announced the acquisition of loyalty-tech provider LevelUp.

Stocks in the red include Boeing as the plane maker’s full-year earnings forecast came in below expectations; Fiat Chrysler as its former CEO and Chairman Sergio Marchionne, a legend in the industry, passed away from a sudden illness; and AT&T, with shares lower as the telecom giant beat on earnings and issued full-year profit guidance that topped estimates. However, revenue came in a little light.