Here is a look at some of the stocks the Yahoo Finance team will be watching for you today.
There's a flood of earnings hitting Wall Street this morning. Coca-Cola (KO) reported revenue that missed estimates, coming in at nearly $12.57 billion on higher commodity and marketing costs. Earnings of $0.64 a shares beat estimates by a penny as beverage volume increased in the second quarter.
McDonald's (MCD) reported both earnings and revenue missed estimates. The fast-food giant also reported that worldwide same-store sales were flat, and same-store sales in the U.S. fell 1.5% as it continued to struggle to lure customers.
Chipotle (CMG) shares soared before the bell. The fast-food chain raised its full-year sales outlook after reporting profit and revenue that blew past Wall Street estimates in the second quarter. Same-store sales rose a better-than-expected 17.3% in the quarter as customer traffic increased despite price increases, which helped offset higher food costs
Netflix (NFLX) reported earnings that more than doubled from a year ago to $71 million, or $1.15 per share, but that missed estimates by a penny. Revenue matched expectations at $1.3 billion, thanks to strong subscriber growth. The company reached 50 million subscribers in the second quarter as more viewers tuned in to watch its original series such as "Orange is the New Black" and "House of Cards."
Amazon (AMZN) shares fell in the pre-market after Citigroup downgraded the the stock to neutral from buy, and cut the price target on the stock to $395 per share from $414.
Herbalife (HLF) shares were lower in early trading following its biggest drop in three months yesterday. This comes after activist investor Bill Ackman vowed to unveil at a presentation this morning how the nutritional supplement company is a "massive fraud." The founder of the hedge fund Pershing Square Capital Management said his company spent two years working on an undercover investigation that shows Herbalife is a pyramid scheme.
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