Wall street pushing to new highs on the back of good data—with the S&P 500 poised for it’s sixth straight record close. Plus, Amazon’s taking to the skies. Should FedEx and UPS really be concerned, and what’s Bezos’s real play here? And, electric cars. We reveal the top ancillary trade that’s that’s already up 50% this year. Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red today include ImmunoGen as the biotech company announced a secondary offering of 13 million shares; Coach on a Piper Jaffray downgrade to ‘neutral,’ citing the recent Kate Spade purchase and integration; and SeaWorld, with shares reversing lower after Axios reported Merlin Entertainments, rumored to purchase SeaWorld, was only interested in SeaWorld’s Busch Gardens division.
Stocks in the green today include Norwegian Cruise Lines as it will replace Level 3 Communications in the S&P 500; Regeneron as an appeals court reversed a ruling banning the sale of its cholesterol drug Praluent; and Netflix, with shares popping as the streaming site will raise prices for new and existing customers. Shares hit a new all-time high on the news.
2017’s hidden trades
Despite all-time highs, many stocks are stuck in neutral. Besides tech what themes are performing? Jay Jacobs, VP and Head of Research at Global X Funds, with $6 billion under management joins us now.