Yahoo Finance Stocks weak as tech lags
Stocks weak here as tech lags, and musical chairs continues at the White House. Plus – Dr Pepper’s deal with Keurig Green Mountain isn’t so tasty to a large shareholder. And, the return of Tiger is lifting the boats of all tied to his game—and not just his major sponsors. Plus, Marc Benioff, Ray Dalio, and Oprah all swear by it. Mindfulness expert Leah Weiss breaks down its C-suite appeal. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and reporter Dan Roberts.
Winners and losers
Stocks in the red include Qualcomm as the Trump administration is blocking a proposed deal with Singapore-based Broadcom; Dick’s Sporting Goods as sales for its holiday quarter missed the mark, with same-store sales falling 2%; and GE, as JPMorgan lowered its price target on the conglomerate to a $11, a Street low. JPMorgan says full year earnings will come in a ‘step lower’ than what analysts are expecting.
Stocks in the green include Altice USA as the cable operator was added to Goldman’s Conviction Buy List with a $28 price target; DSW as the discount shoe retailer beat on earnings and issued an upbeat full-year profit forecast; and Micron Technology, with shares of the chipmaker climbing as Keybanc predicts Micron could be another potential Broadcom takeover target.
