The markets soared to record highs today as Wall Street is waiting for, and is optimistic about the tax reform bill due out after the close. This is not the final vote, rather the latest bill that the House and Senate will take to a debate, then vote. The Dow 30 was higher by 139, the S&P 500 was higher by 23, and the Nasdaq 100 gained 80, all hitting new record highs.

Next week will most likely be focused on tax reform. Traders expect volatility as the nuances of the bill come out of Washington. If this is like anything else the Government does, they will wait until very close to the Christmas break (Friday) to pass the bill when many are not paying close attention.

Costco (COST  ) shares continued to pop higher today as the company announced earnings that came in better than Wall Streets expectations. The stock was higher by 3.32% as it continues to show that it can compete with names like Amazon in the food price wars. Same store sales were higher by almost 8%. Shares have been pushing higher since their last earnings announcement and are now higher on the year by about 26%.

CSX (CSX  ) shares sold off 7.64% today after the railroad company's CEO announced a sudden leave of absence due to health issues. The stock is still higher by about 46% on the year but investors will be moving cautiously going forward. The CEO had a strong history of strong performance and changes at the company which will leave many to wonder how the company will continue this going forward.

Foot Locker (FL  ) shares were higher by 2.98% today as the stock got an upgrade to Buy from Hold at Canaccord. The company says it can get to $64, which is their price target on the athletic wear maker. In their report they stated that "current headwinds for the industry are most likely cyclical rather than structural." If correct, the $64 price target represents another 40% upside potential from here.