Stocks (^DJI, ^GSPC, ^IXIC) are trading in range from losses to gains as investors shake off ‘Black Monday’ in China, and look ahead to a big week for earnings. Catch The Final Round at 4 p.m. with Melody Hahm and Yahoo Finance editor-in-chief Andy Serwer
Winners and losers
Stocks starting the week in the red include Blue Apron, following news that Amazon filed a meal-kit trademark; BlackRock on a profit and revenue miss as CEO Larry Fink said significant cash remains on the sidelines but money is slowly being put back to work; and Tesla, with shares under pressure today after a Minnesota man said his Model S suddenly accelerated and crashed while he had ‘autopilot’ engaged.
Stocks on the move higher include General Cable Corporation as the wire- and cable-maker said it has initiated a strategic review; Restoration Hardware as Guggenheim raised its price target from $60 to $75, claiming a public LBO could be an option; and RLJ Lodging, the hotel REIT with affiliations like Residence Inn, Hampton Inn, and Springhill Suites popping after disclosing it received a bid from “Party Y,” an undisclosed suitor. RLJ is in the process of merging with Felcor Lodging Trust.
What’s behind Bank of the Ozarks’ growth
George Gleason has been chairman and CEO at Bank of the Ozarks for 38 years, since buying the bank when he was 25 years old. The Arkansas-based institution is now one of the country’s biggest regional banks, with total assets of over $20 billion, and surprisingly, they’re a huge player in commercial and residential real estate lending. George Gleason joins us now.