Stocks grind higher following yesterday’s big GOP tax bill win. Plus, as this bull market closes out another year, we reveal a top 2017 trading strategy that could work again in 2018. And Apple (AAPL) has a new trick up its sleeve for its Watch — we explain why it could be huge. Plus, the co-founder of Ethereum (ETH-USD) is here — what’s next for ether and the cryptocurrency craze? We’ll find out.
Winners and losers
Stocks getting hit today include Wayfair (W) as the online furnishings site was the target of bearish comments from short-seller Citron Research, Bed Bath and Beyond (BBBY) after the home-goods retailer posted a 52% drop in earnings and a slight dip in same-store sales, and PG&E Corp. (PCG), the utility, slipping after it suspended its dividend due to potential liabilities from the October 2017 California wildfires.
Stocks in the green today include Finish Line (FINL) as the athletic wear retailer reported beats on earnings, revenue and same-store sales, Discovery Communications (DISCA) as Bank of America Merrill Lynch upgraded shares to buy, citing positives like deleveraging, asset sales, and buybacks, and Embraer (ERJ) — shares soaring on reports Boeing held merger talks with the Brazilian aircraft maker.
Ethereum co-founder on cryptocurrencies
The co-founder of Ethereum Joe Lubin is here. What’s next for ether, and the cryptocurrency craze? We’ll find out.