Stocks flat here to end a really good week. Plus – Trump brings his chaos tour to Canada. We have the latest from the G7. And – a cryptocurrency… for the Fed? Why the former head of the FDIC says its needed. Plus – Guggenheim’s Scott Minerd tells us why he seeing lots of ‘idiosyncratic risk,’ and how to protect your portfolio from it.
Winners and losers
Stocks in the red include Skyworks Solutions on a report that Apple could drop supplier orders by 20%, MicroVision as the laser scanning firm announced an $18 million dollar stock offering, and named a new COO, and Novo Nordisk – shares dropping as the pharmaceutical company is considering laying-off up to 3,000 staff due to challenging market conditions in the U.S.
Stocks in the green include Monster Beverage, shares go up 4% as analysts latch onto managements positive outlook at the company’s annual meeting , DocuSign as international growth boosted first-quarter earnings for the e-sign tech provider, and Stitch Fix- shares on fire as the subscription styling service beat on earnings, with active clients up 30% from a year ago.