Dow dropping over 100 points, off its lows though, as trade concerns linger. Plus, Trump’s going to the moon and beyond with his Space Force. What it means for defense names, Elon Musk, and Jeff Bezos. And, big move for Square into bitcoin. We have the latest. Plus, it’s all the rage on Wall Street. How you can get into the exotic area of multi-factor, smart beta investments.
Winners and losers
Stocks in the red include Redfin as Goldman downgrades the real estate site to Sell citing housing headwinds; Ziopharm Oncology as the FDA placed a clinical hold on a Phase 1 cancer treatment trial; and Pilgrim’s Pride, with shares getting plucked as America’s largest chicken producer may face a sales dropoff as China retaliates with food tariffs agains the US.
Stocks in the green include Rent-a-Center as PE firm Vintage Capital Management takes the rent-to-own retailer private for $1.37 billion; Chevron as the oil and gas producer was upgraded to Outperform at Raymond Jones, claiming it is well positioned to benefit from increased oil prices; and Canada Goose, with shares flying high for a second day with the outerwear-maker receiving positive commentary from Cowen. Analysts calling Friday’s earnings “very impressive.”