Diamonds and Dogs
Charter Communications (CHTR) is on a roll. The cable company soared 5% today as it went from the acquirer to a potential acquire. Charter was the top gainer in the S&P 500 after the SoftBank CEO, Masayoshi Son said he may be interested in taking over the cable company.
No retailer as the dog today, but Hertz (HTZ) is going back down. The rental car company dropped 21% on a downgrade and negative industry trends. Barclays downgraded the stock with a $9 price target saying while the worst may be over for Hertz, the fundamentals are not improving. Industry data today showed millennials are using Uber and Lyft more and ditching taxis and rental cars.