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Morning Brief Hosts Seana Smith and Brad Smith break down the top trending tickers on Yahoo Finance.
According to a Wall Street Journal report, Icahn Enterprises (IEP) plans to increase its CVR Energy (CVI) position by more than 20%. This move would bring Icahn's ownership stake in the company to above 80%.
Shares of Sony (SONY) are trading higher after the company reported its second quarter fiscal results. The tech giant's operating profit beat estimates and has raised its full-year sales guidance.
Citi (C) has upgraded Bank of America (BAC) to Buy from Neutral and raised the price target to $54 from $46. Analysts cite an attractive valuation and expect the bank to benefit from reduced regulation under the Trump administration.
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This post was written by Angel Smith