The Dow is surging over 100 points and stocks add to record highs as earnings season nears. Plus, Trump heads to Davos to mingle with the world’s elite. Strange bedfellows for the Donald or time to make a deal? And another firm goes crypto and its stock pops. But this is no fly by night company, it’s been around for 130 years. And MoviePass is upending the industry. The CEO of Moviepass and the founder of its parent company are both here. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red today include Under Armour as Susquehanna downgraded shares to neutral with an $11 price target; Urban Outfitters as holiday sales disappointed; and AMD, with shares dropping after Microsoft suspended a security patch after complaints that the updates froze their machines.
Stocks in the green today include Target as comp sales beat expectations and it lifted guidance; Altice USA as its parent will spin off a two-thirds interest in its Optimum cable operator; and Helios & Matheson, with shares up after the company Helios and Matheson revealed its MoviePass service has now topped 1.5 million.
HMNY CEO & Founder and Moviepass CEO talk movie biz
Moviepass is upending the industry. The CEO of Moviepass, Mitch Lowe, and founder of its parent company, Ted Farnsworth of Helios & Matheson, are both here to talk movies.