Yahoo Finance Stocks weak as tax bill rally fades
Stocks can’t get going as the tax bill rally party fades into a market hangover. Plus – tech fighting for a gains on a week today. Can 2017’s top trade get back on track? And – while bitcoin’s all the rage, blockchain’s slowly and steadily getting more acceptance in the business world – more on that coming up. Plus – a Disney – Fox tie could have major changes to the sports TV landscape. We dig into the details. 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 Ascena Retail Group as the parent of Ann Taylor and Dressbarn said its revenue forecast came in light of estimates, Helios & Matheson as Cinemark announced a new movie subscription plan that would compete with Helios’s Moviepass, and Toll Brothers – shares of the luxury homebuilder dropping as profit and revenue missed, as Toll had its slowest order growth in 6 quarters.
Stocks in the green today include Autozone as the auto parts retailer beat on earnings and revenue, Snap as Barclays upgraded shares to ‘overweight’ citing revenue upside in the 4th quarter, and Regal Entertainment Group – shares jumping as the theater chain will be ought by the UK’s Cineworld for $5.9 billion.
What a Disney-Fox deal means for sports TV
A Disney-Fox deal could be coming very soon, and according to new reports it might include major implications for sports TV networks. Joining us with more is our sports business guy, Dan Roberts.
