Now here's a look at the stocks the Yahoo Finance team will be watching today. Target (TGT) reported earnings for the first time since the massive data breach that compromised tens of millions of customers' personal information. Earnings and revenue both declined from last year, but managed to come in ahead of Wall Street estimates. The number of transactions at Target stores fell 5.5% in the quarter, the worst showing in two years. The company also said profits for the current quarter will be below Wall Street estimates. So far this year, shares of Target had been down more than 10%.
Tesla (TSLA) shares hit a new all-time high yesterday. Today, the company is reportedly in talks with Panasonic on a $1 billion battery factory in the United States, according to a Japanese newspaper. Panasonic said it was considering various options to strengthen ties with Tesla. The company is expected to announce this week a plan for a new factory to build its own batteries. Wall Street likes the expansion into battery production. As we reported, Morgan Stanley raised its price target on Tesla to $320 a share. Year to date, the stock is up 65%.
DreamWorks (DWA) said after the bell yesterday that it missed earnings and revenue forecasts for the fourth quarter. The company swung to a profit on sharply lower costs even as revenue declined 23%. The studio has seen inconsistent returns from its animated films, including "Turbo" and "The Croods." The next release is "Mr. Peabody and Sherman" due next month. Shares of DreamWorks have been on a good run the last year, more than doubling in value.
Also taking a beating in extended trading after disappointing results after the close yesterday is solar energy company, FirstSolar (FSLR) . The company said revenue fell 29% in the fourth quarter. It also projected earnings for the current quarter will come in below Wall Street expectations. The company makes thin-film solar panels and builds large scale solar-power plants. It has been hit by oversupply in the rooftop solar panel market. As of yesterday's close, shares of First Solar has been up 85% in the last year.
- Investment & Company Information