Stocks are rebounding here with tech leading the way. Plus, strange reports out of Tesla as it ramps up Model 3 production. We have the latest. And, it’s time for the week in Trumponomics: more tariffs mean another bad week for The Donald. Plus, Costco’s latest move to freshen up its hot food offerings has customers raging mad. Catch The Final Round at 3:55 ET p.m. with Myles Udland and columnist Rick Newman.
Winners and losers
Stocks in the red include Broadcom, as the company said it will buy software maker CA Technologies for $18.9 billion; Perrigo as Goldman downgraded the drugmaker to Sell claiming its pipeline lacked “meaningful new launches;” and L Brands, with shares getting stripped after it announced weak sales at its Victoria’s Secret stores last month.
Stocks in the green include Twitter as Goldman lifted estimates and its price target, citing monetization and its “quality initiatives;” Amazon as Canaccord Genuity raises its price target to $2,000, calling it the most “robust and durable” FANG stock; and Papa John’s, with shares ripping higher as founder John Schnatter resigns as chairman of the board after apologizing for using a racial slur during a company conference call last May.