- Around 5pm on Tuesday the AT&T purchase of Time Warner was ruled on by the court and allowed to proceed. This drove the stock of Time Warner up and AT&T down. Any company that is considered a take over target shot up in the after hour trading session on Tuesday. Netflix was seen as receiving increased competition and went down in the after hour session also.
- Fox is the next merger target for Disney and Comcast. Disney had an offer for Fox, but Comcast has a higher all cash offer. Those stocks should rally the next couple of days.
- Home Depot continued its run higher and so did my favorite solar company SunRun.
- Tesla ran up big only to change courses to go lower around 1pm to the end of the day with news on lay off of salaried management team. This should be positive as they are restructuring to save money and when that have not made a profit, it only makes sense. Tesla still ended the day where it started which was up 10 for the day.
- Other than that, it was a boring day waiting for Tuesday's Federal Reserve Board announcement.
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