The Dow (^DJI, ^GSPC, ^IXIC) pierces 22,000 for the first time, as Apple powers the way. Plus, we’ve Tesla earnings any minute now. And, a top tech analyst says buy Apple, even at all-time highs. He’s here to make the case. Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks on the move lower today include Nordstrom on a WWD report that buyout discussions are ‘informal’ and nothing but ‘talks’ at the moment; AutoNation as the largest car retailer in the US reported an earnings and revenue miss; and AMC Entertainment, with shares tumbling for the movie theater chain as it forecast a wider loss than expected for Q2 claiming it’s facing a ‘very challenging’ quarter.
Stocks in the green today include PharMerica as a joint venture led by KKR will acquire the pharmacy manager for $1.4 billion; Garmin as the GPS and wearables maker reported an earnings beat powered by its fitness products; and FireEye, with shares of the cybersecurity firm jumping after revenue topped and the company raised its full-year earnings and sales guidance.
Time to buy Apple?
Think you’ve missed the tech rally and are too late to get in, especially on Apple? Our next guest says not so fast. Neuberger Berman’s Senior Research Analyst, Dan Flax joins us now.