Exploring Alternatives for K&G
Men's Wearhouse announced mixed results for the fourth quarter, but the big news was an announcement it had hired Jefferies to consider strategic alternatives for its K&G business. That has MW up 13 percent before the bell on my tradeMONSTER platform.
Amazon Downgraded by JP Morgan
Amazon.com was downgraded to "neutral" from "overweight" by JP Morgan. The bank cited the likelihood of slower earnings growth, sending AMZN lower by almost 2 percent in the pre-market.
E*Trade Falls on Planned Share Sale
E*Trade Financial announced that hedge-fund operator Citadel would unload its 10 percent stake in the company. ETFC drops about 5 percent in early trading.
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