Diamonds and Dogs
The force is strong with Disney (DIS). Disney is surging up 5% to a six month high on renewed speculation that the company could make a play for 21st Century Fox. The company is rising as government tax reform moves one step closer to reality and the latest Star Wars movie debuts in a week and a half.
Pharmacy giant CVS Health (CVS) is down 4% after Aetna agreed to a $69 billion takeover deal. Management is touting that the deal will deliver $750 million in near-term cost savings, Wall Street is skeptical the deal will go through. In the last several years four major healthcare deals failed to materialize.
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