More gains in tech pushed the Nasdaq to clock its second day of solid gains. The sector has rebounded from a rough June as bulls returned after a string of selloffs. The countdown to Amazon.com Inc.'s (AMZN) Prime Day kept retailers on edge. Best Buy Co. Inc. (BBY) , The Gap Inc. (GPS) , Dick's Sporting Goods Inc. (DKS) and Guess? Inc. (GES) were sharply lower on worries over the increased competition. Prime Day kicks off tonight. ClubCorp Holdings Inc. (MYCC) rallied after Apollo Global Management (APO) agreed to purchase the golf club company for $1.1 billion. The deal values ClubCorp at a nearly 32% premium to its Friday close. Valeant Pharmaceuticals International Inc. (VRX) rose after announcing that it was on pace to pay down its debt according to long-term plans. The drugmaker recently paid down $811 million in senior secured loans.
More from Video
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Takeda Pharmaceutical CEO Talks Big Pharma Trends
One of pharma's biggest CEO's talks M&A action on the exchange.
Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment
Citi overcame a mixed print to send its stock surging on Monday.
Real Money Video Wrap: Apple Rallies as Services Segment Takes Center Stage
There is a lot of Apple news to chew on Wednesday.
Are Algos Jumping on J&J Headlines?
Are machines jumping on Johnson & Johnson's human risk headlines?
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.