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 - +7.80%
Growth: Spartan Motors SPAR - +13.09%
Momentum: Radiant Logistics RLGT - +9.62%
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%
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.
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 , Macy's M , and Home Depot HD have investors in a frenzy on Tuesday.
Telecommunications giant Verizon Communications VZ has announced it will be acquiring Yahoo's YHOO core internet business at a discount of $350 million for $4.48 billion. The discount is $50 million greater than initially expected.
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