Posts by Kathy Cherpelis
'Hunger Games' fails to live up to expectations; Tesla and BMW in talks; United Technologies CEO retires abruptlyKathy Cherpelis at Hot Stock Minute 1 hr ago
Here are some stocks the Yahoo Finance team is watching for you today.
Shares of Lions Gate Entertainment (LGF) were lower in early trading. The movie studio behind the “Hunger Games: Mockingjay, Part 1” racked in a whopping $123 million in ticket sales over the weekend, making it the biggest opening of the year in the U.S. However, the box office take didn't top the $150 million plus the first two Hunger Games films earned in their debut and was short of expectations.
United Technologies (UTX) also in the spotlight this morning after an abrupt change in the company's executive suite. Chairman and CEO Louis Chenevert is retiring, effective immediately. The industrial conglomerate is promoting Chief Financial Officer Greg Hayes to the top job.
Kathy Cherpelis at Hot Stock Minute 3 days ago
Earnings continue to drive some stocks this morning.
Gap (GPS) shares are lower ahead of the bell. The apparel retailer that operates Gap, Old Navy and Banana Republic stores cut its 2014 profit forecast and warning of a tough holiday season ahead. The company also reported third quarter earnings and revenue that missed analysts' estimates, hurt by a 5% decline in Gap store sales. And it’s shaking up the leadership of those struggling namesake stores.
Foot Locker (FL) shares rose in early trading. The sportswear retailer reported earnings and revenue that topped Wall Street views as it continues to benefit from strong demand for basketball and running shoes.
GameStop (GME) shares took a big hit in early trading. The video-game retailer predicted a not so rosy holiday season after third quarter earnings and revenue missed estimates due to the delayed release of “Assassin's Creed Unity.”
Best Buy rings in some holiday cheer; GoPro falls as insiders unload shares; Alibaba taps U.S. bond marketKathy Cherpelis at Hot Stock Minute 4 days ago
Some stocks to watch this morning.
Investors bought up shares of Best Buy (BBY) ahead of the bell. The consumer electronics retailer reported earnings and revenue that topped analysts' estimates, thanks to stronger-than-expected same-stores sales in the U.S., which grew 3.2% in the third quarter. The company also saw strength online with sales jumping 21.6%. However, the retailer is still concerned about the highly competitive promotional environment heading into the holiday shopping season.
Salesforce.com (CRM) shares were lower in early trading. The cloud computing company cut its sales outlook for the current quarter and the full year due to a stronger dollar. This comes after it reported a slight beat on earnings and revenue in the third quarter as it continues to benefit from companies switching to the cloud.
Kathy Cherpelis at Hot Stock Minute 5 days ago
It seems Target (TGT) has put its massive data breach that has been haunting the retailer for the past year behind it. The discount retailer reported better-than-expected earnings and revenue for the third quarter. Revenue rose 2.8% from a year earlier as sales growth in the U.S. improved. Target also said it doesn't expect any future data breach-related expenses to be material. Shares of Target are higher this morning on the news.
Investors building up shares of Lowe’s (LOW) in early trading. The home improvement retailer reported third quarter earnings and revenue that topped Wall Street views. The company also raised its earnings and sales outlook for the year but was cautiously optimistic about the home improvement sector.
Kathy Cherpelis at Hot Stock Minute 6 days ago
Here are some stocks to watch this morning.
Home Depot (HD) shares are on investors' radar this morning. The nation's biggest home improvement retailer reported earnings and revenue that topped analysts' estimates. Profit rose 14% in the third quarter as U.S. same-stores sales increased nearly 6%. However, Home Depot is still dealing with the aftermath of its massive data breach. The company said pretax expenses related to the breach totaled $28 million dollars in the quarter. It also said costs related to the breach could have an adverse affect on fourth quarter results.
Urban Outfitters (URBN)shares fell in early trading. The apparel retailer's third quarter earnings missed forecasts as discounts and increased expenses cut into profits. However, revenue did manage to slightly beat estimates thanks to sales growth in its Anthropologie and Free People stores, which helped offset weakness in its namesake brand.
Allergan and Actavis close to deal; Halliburton and Baker Hughes make it official; DreamWorks tumbles as Hasbro talks flopKathy Cherpelis at Hot Stock Minute 7 days ago
Some deal making in the drug industry this morning.
Allergan (AGN) shares rose in early trading. The Botox maker is reportedly close to a deal to be bought by drugmaker Actavis (ACT) as early as today. The deal could be worth about $65 billion, in cash and stock and would put an end to a long hostile takeover by Canada's Valeant Pharmaceuticals (VRX). Shares of Actavis are were also up on the news
We are also keeping an eye on shares of Merck (MRK). The drugmaker will receive $850 million from Pfizer (PFE) to jointly develop a new cancer treatment. Pfizer said the deal will reduce its earnings for the year. However, it will help boost its oncology business, which means it is less likely Pfizer will make a renewed bid for AstraZeneca. Shares of Pfizer are lower in early trading.
Baker Hughes, Halliburton rise on deal talk; Nordstrom jumps on strong results; Virgin America debuts on NasdaqKathy Cherpelis at Hot Stock Minute 10 days ago
Here are some stocks the Yahoo Finance team is watching for you today.
Baker Hughes (BHI) shares rose ahead of the bell on reports it's in talks to be bought by rival Halliburton. If a deal is worked out it would combine the 2nd and 3rd largest oil field services companies. The merger talks coming as oil prices are down to their lowest level in 4 years. Shares of Halliburton (HAL) also jumped on the news.
Starbucks (SBUX) also grabbing headlines this morning. European Union Regulators are accusing the Netherlands of illegal state aid that allowed the U.S. coffee chain to avoid a higher tax bill. Starbucks says it did not receive an unfair advantage over other companies. However, if EU regulators due rule against Dutch authorities in this case it may mean Starbucks will be stuck with a big bill in back taxes.
Wal-Mart rings up a beat; Hasbro, DreamWorks combo may be in the works; Buffett buys Duracell from P&GKathy Cherpelis at Hot Stock Minute 11 days ago
Retail earnings from some big names rolled in this morning.
Wal-Mart (WMT) reported better-than-expected third quarter earnings and revenue. U.S. sales were higher by half a percent, much better than forecasts, and online sales jumped 21%. Shares of Wal-Mart rose ahead of the bell.
On the flipside, shares of Kohl's (KSS) fell in early trading. The department store chain reporting a miss on both its top and bottom lines in the third quarter. Same store-sales fell 1.8% as brick and mortar retailers continue to struggle to drive traffic to their stores.
J.C. Penney (JCP) was also lower ahead of the open. The troubled retailer reported a smaller-than-expected loss in the third quarter as it cut costs. However, revenue missed estimates and same-store sales came in flat as shoppers delayed winter purchases due to the unseasonably warm weather. The company said it expects sales to pick up during the key holiday shopping season.
Kathy Cherpelis at Hot Stock Minute 12 days ago
Here are some stocks the Yahoo Finance team will be watching for you today.
Macy's (M) rang in mixed results this morning. The department store chain reported earnings that topped estimates, but revenue fell short of forecasts as same-stores sales fell unexpectedly. Macy's also cut its earnings outlook for the year.
Shares of Fossil (FOSL) rose in early trading after the watch and accessories maker posted better-than-expected earnings and revenue thanks to strong sales in its namesake watch brands. The company also renewed its licensing agreement with Michael Kors (KORS) for another decade.
Kathy Cherpelis at Hot Stock Minute 13 days ago
Alibaba (BABA) high on investors’ watch list this morning. Forget Black Friday, Alibaba is scoring huge revenue on Singles Day in China. The Chinese e-commerce giant says it's already seen transactions of almost $7 billion dollars and industry experts think the one-day total could hit $8 billion dollars. That's more than double what U.S. retailers make on Black Friday and Cyber Monday combined. Our parent, Yahoo (YHOO), owns about a 16% stake in Alibaba
Zynga (ZNGA) rose in early trading after Jefferies upgraded shares of the online gaming company to buy from hold," pointing out potential growth from mobile and the growing popularity of games such as "Words with Friends."
Earnings also continue to trickle in on Wall Street.