Stocks blast off as Fed minutes from Janet Yellen’s last meeting has traders giddy. Plus – Roku and Pandora earnings any minute now, we’ll have them. And – Did Jeff Immelt’s focus on only good news sink him, and GE shareholders? We explain. Plus – are some ETFs creating dangerous market distortions? ETF evangelist Tom Lydon defends the nearly $5 trillion industry. Catch The Final Round at 3:55 ET p.m. with Myles Udland and Jared Blikre.
Winners and losers
LendingClub Shares as the online lender posted the triple whammy – missing on profit, revenue, and current quarter guidance, Devon Energy as the oil and gas company’s earnings missed the mark, however revenue did come in higher than consensus, and Walmart – shares under pressure as the New York Post reports Walmart.com CEO Marc Lore, who arrived via the purchase of Jet.com, may be preparing to leave the retailer.
Stocks in the green include La-Z-Boy as the furniture manufacturer announced revenue and earnings topped estimates, with same-store sales rising 2.6%, Finish Line on a Buckingham Research upgrade to Neutral, with a new $10.00 target, and Advance Auto Parts – shares getting a boost here on the back of a big earnings beat, as the auto parts retailer delivered in what it calls a difficult sales environment.