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Tech stocks mix in holiday outlooks and new services
Amazon stock slips modestly while Amazon Key aims to deliver packages inside homes with verified drivers and cameras recording movements. Apple faces iPhone X production hurdles ahead of the holidays, including facial recognition scaling. Nissan unveils the IMx concept electric car with 516 lb-ft torque and a 373 mile range, signaling performance gains over the GT-R.
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The report notes the CBOE Volatility Index reflecting expected market volatility from S&P 500 options. It also cites the S&P 500 price to earnings ratio based on trailing twelve month operating earnings to gauge valuation levels.
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Craftsman tools to be sold at Lowe's next year
Stanley Black & Decker expands Craftsman push with Lowe's rollout in second half of next year. The deal follows SB&D’s January purchase of Craftsman from Sears for about 900 million, with projected annual revenue gains near 1 billion by 2027. Sears will still sell some Craftsman and Whirlpool remains separate from Kenmore.
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