Here is a look at some of the stocks the Yahoo Finance team will be watching for you today.
Yum Brands (YUM) shares fell in early trading. The fast food chain operator said it expects same-store sales in China to fall 13% in its third quarter. The company had previously warned that issues with a food supplier in China caused a "significant, negative impact" on KFC and Pizza Hut sales in the country. China is Yum's biggest market, where it generates half its revenue.
Family Dollar (FDO) shares are also in the spotlight today after Reuters reported that billionaire investor Carl Icahn sold the rest of his stake in the dollar store chain. Icahn's investment in the company is worth about $200 million according to Reuters. Icahn pushed Family Dollar to sell itself after disclosing a majority stake in the company. Family Dollar is currently at the center of competing takeover bids from rivals Dollar General (DG) and Dollar Tree (DLTR).
PVH (PVH) shares were higher in the pre-market. The clothing company reported second-quarter earnings that topped analysts' estimates thanks to sales growth in its Tommy Hilfiger and Calvin Klein brands. However, revenue was slightly lower than expectations and said that higher promotional activity will pressure margins in its current quarter.
Apple (AAPL) shares were slightly lower before the bell, adding to yesterday's losses. The stock had its worst day in more than seven months on Wednesday, with shares tumbling more than 4% ahead of its big event next week. The company is expected to unveil its next iPhone, following new product announcements from competitors Samsung and Motorola.
- Investment & Company Information
- Family Dollar
- Carl Icahn