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Stock Market Roundup, Feb. 21: VZ Nabs YHOO For Cheap, WMT & HD Gain
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After the long weekend, investors returned to the market in a buying mood on Tuesday. Stocks gained in the morning on the back of several positive reports from the retail sector, which included earnings beats from Wal-Mart and Home Depot, and that momentum continued into an afternoon that saw investors excited about the latest merger news.
On today’s episode of Shopping for Stocks, Editor Maddy Johnson takes a look at America’s largest retailer, Walmart, who has been on quite the acquisition spree lately.
After a spree of disappointing holiday sales announcements, investors have been less-than-excited about a tepid retail industry that has continued to struggle in the face of changing consumer behavior. However, solid fourth-quarter reports from Wal-Mart (WMT - Free Report) , Macy’s (M - Free Report) , and Home Depot (HD - Free Report) have investors in a frenzy on Tuesday.
Telecommunications giant Verizon Communications (VZ - Free Report) has announced it will be acquiring Yahoo’s core internet business at a discount of $350 million for $4.48 billion. The discount is $50 million greater than initially expected.
Restaurant Brands International Inc. (QSR - Free Report) , owner of Burger King and Tim Hortons, has reached a deal with Popeyes Louisiana Kitchen Inc. to acquire the fried chicken chain for $1.8 billion.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
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Stock Market Roundup, Feb. 21: VZ Nabs YHOO For Cheap, WMT & HD Gain
After the long weekend, investors returned to the market in a buying mood on Tuesday. Stocks gained in the morning on the back of several positive reports from the retail sector, which included earnings beats from Wal-Mart and Home Depot, and that momentum continued into an afternoon that saw investors excited about the latest merger news.
Zacks Rank #1 (Strong Buy) Top Movers
Value: Chemours Company (CC - Free Report) - +7.80%
Growth: Spartan Motors - +13.09%
Momentum: Radiant Logistics (RLGT - Free Report) - +9.62%
VGM: SPAR
Major Indexes
DOW: 20,746.62 / +122.57 / +0.59%
NASDAQ: 5,863.79 / +25.21 / +0.43%
S&P 500: 2,366.36 / +15.20 / +0.65%
Top Headlines
Watch Out Amazon: Walmart May Use Moosejaw to Tempt High-Income Shoppers
On today’s episode of Shopping for Stocks, Editor Maddy Johnson takes a look at America’s largest retailer, Walmart, who has been on quite the acquisition spree lately.
Retail Earnings Roundup: WMT, M, HD Soar After Impressive Reports
After a spree of disappointing holiday sales announcements, investors have been less-than-excited about a tepid retail industry that has continued to struggle in the face of changing consumer behavior. However, solid fourth-quarter reports from Wal-Mart (WMT - Free Report) , Macy’s (M - Free Report) , and Home Depot (HD - Free Report) have investors in a frenzy on Tuesday.
Verizon Trims $350 Million Off of Yahoo Merger
Telecommunications giant Verizon Communications (VZ - Free Report) has announced it will be acquiring Yahoo’s core internet business at a discount of $350 million for $4.48 billion. The discount is $50 million greater than initially expected.
Popeyes Spikes 19% After $1.8 Billion Acquisition Deal with Burger King Owner
Restaurant Brands International Inc. (QSR - Free Report) , owner of Burger King and Tim Hortons, has reached a deal with Popeyes Louisiana Kitchen Inc. to acquire the fried chicken chain for $1.8 billion.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>