Stock Market Roundup, Feb. 21: VZ Nabs YHOO For Cheap, WMT & HD Gain

Ryan McQueeney Published on February 21, 2017

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

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Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.