Here are some of the stocks the Yahoo Finance team will be watching for you today.
Investors are keeping an eye on shares of Sears (SHLD). The company releases earnings and Wall Street expects the department store’s loss to grow from a year ago as its revenues decline. Sears shares spiked earlier this month after the troubled retailer announced plans to cut costs by $1 billion.
Kohl’s (KSS) shares are higher after the department store chain reported quarterly earnings that topped analysts’ expectations while revenue matched estimates. Kohl’s raised its dividend and blamed a drop in revenue from a year earlier on declines in “brick-and-mortar traffic” that was only offset “somewhat” by strength in online demand.
Shares of Victoria’s Secret parent company L Brands (LB) are in the spotlight. The stock is sharply lower after the company said it expects same-store sales at Victoria’s Secret to fall about 20% in February, and the company’s first-quarter and 2017 guidance fell way short of Wall Street expectations. Earlier this month, L Brands reported a 2% rise in sales, its slowest quarterly sales growth in three years.
Tesla (TSLA) has investors charged with excitement. The stock is higher after the company said it is on track to begin production of its Model 3 sedan in July and will ramp up to 5,000 vehicles a week in the fourth quarter. That aggressive plan raises the chances Tesla boss Elon Musk will have to raise capital to support the rollout. Meanwhile, Tesla’s quarterly loss was worse than expected. but revenues beat estimates.
