Stocks posted solid gains with the Dow Jones Industrial Average up for its eighth straight session on the back of positive retail earnings. Retailers Walmart (WMT) , Home Depot (HD) and Macy's (M) each topped quarterly profit estimates.
Yahoo! (YHOO) was on watch following reports that Verizon (VZ) had agreed to go forward with its acquisition. The telecom will reportedly shave off as much as $350 million from its original offer.
Popeyes (PLKI) surged after agreeing to be acquired by Restaurant Brands (QSR) in a deal worth nearly $2 billion. Restaurant Brands, which owns Burger King, said Popeyes will be managed independently in the U.S.
Kraft Heinz (KHC) slumped after scrapping its pursuit of Unilever (UL) . The latter had expressed little interest in negotiating and said Kraft's offer undervalued the company.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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