"Banks, Bitcoin, and Car Sharing: Navigating the New Financial Highway"
Notable Flow 2/6
Gents - pretty odd day today with little volume in comparison to usual sessions as the market awaits Amazon’s Q4 report & NFP numbers. Today's market saw several notable movers driven by earnings reports and corporate announcements. Here's a quick rundown of the biggest stock movers:
Tapestry (TPR) shares hit an all-time high as the parent company of Coach reported record holiday-quarter revenue and raised its outlook, thanks to soaring sales at its flagship brand.
Philip Morris International (PM) reached a new all-time high after beating profit and sales estimates, buoyed by strong demand for its smokeless alternatives.
Skyworks Solutions (SWKS) shares plummeted following a warning about increased competition for semiconductors designed for Apple's iPhone, which is expected to negatively impact future sales.
Honeywell International (HON) shares fell on news of the company's plans to split up.
Hershey (HSY) saw gains as higher prices helped offset rising cocoa costs.
In the broader market, the S&P 500 and Nasdaq are up slightly, while the Dow Jones Industrial Average is down. Enough about that, let’s talk about you. Never mind, this isn’t a therapy session. I’d rather dive into today’s flow, noted below.