Stocks ripping to new all-time highs as hopes for GOP tax reform build. Plus – the robots are coming to Wall Street – will the power of AI give investors the alpha they crave? And – Silicon Valley looking to cash out – but it’s not always with an IPO. We explain. Plus – it’s the latest American obsession – and yes – in involves drinking. We have it for you. Catch The Final Round at 3:55 p.m. with Justine Underhill and Yahoo Finance Editor-in-Chief Andy Serwer, markets correspondent Myles Udland, and reporter Jared Blikre.
Winners and losers
Stocks in the red today include Procter & Gamble as the maker of Tide and Pampers reported a revenue miss as consumer spending slows, Axon Enterprise as the Taser maker revealed its financial reports are under review by the SEC, and Celgene – shares dropping as the biotech name discontinued a trial of an experimental Crohn’s Disease treatment.
Meanwhile stocks in the green today include Skechers as the shoemaker reported a big earnings beat with revenue hitting a record high, Stratasys as Susquehanna upgraded the 3D printer maker to ‘positive’ with a $31 price target, and Paypal – shares ripping higher as the payments company beat on both the top and bottom line, driven by mobile payments which doubled from a year ago.