Now a look at some of the stocks the Yahoo Finance team will be watching for you today.
Micron Technology (MU) said it swung to a profit in its second quarter. The semiconductor company beat Wall Street earnings estimates by $0.09. Revenue nearly doubled, coming in just ahead of estimates.
And we’re watching Mercury Systems (MRCY) after Reuters reported that Boeing (BA) is considering buying the supplier of digital signal processing systems used by the defense industry. Mercury Systems has a market value of about $440 million. The company also makes microprocessors that can be used in drones, according to the report.
Shares of Anadarko Petroleum (APC) surged more than 14% yesterday, after the company agreed to pay $5.15 billion in the largest environmental settlement ever won by the U.S. government. Investors cheered the settlement because it was still less than the $14 billion it could have been. The lawsuit stemmed from pollution left behind by Anadarko subsidiary Kerr-McGee and Kerr-McGee's spin-off of Tronox, which later went bankrupt. Most of the settlement will be used to clean up thousands of contaminated sites around the country.
The online food-ordering company GrubHub begins trading on the New York Stock Exchange under the ticker GRUB. The company's IPO raised a higher-than-expected $192 million. The company sold 7.4 million shares, and priced above the expected range at $26-a-share. GrubHub runs the websites Seamless.com and Menupages.com. The IPO price values the company at about $2 billion.
- Investment & Company Information
- Mercury Systems