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Michael Kors sales sizzle; Amgen blood cancer drug trial a success; Mobileye races ahead again

Hot Stock Minute

Here is a look at some stocks the Yahoo Finance team will be watching for you today.

Michael Kors (KORS) reported earnings of $0.91 a share, blowing past Wall Street estimates. Revenue also beat expectations as it continued to see strong demand for its retail and wholesale merchandise. Same-store sales rose a better-than-expected 24% last quarter. The company also raised its earnings and revenue outlook for the year.

Cardinal Health (CAH) rose slightly in early trading. The health-care services company reported earnings of $0.83 a share, topping analysts' estimates by two cents. Revenue also came in slightly ahead of expectations, but fell nearly 10% from a year earlier due to the expiration of the its contract with Walgreens (WAG). 

Amgen (AMGN) shares rose in the pre-market. The biotech firm said a late stage trial revealed its cancer treatment significantly improved the amount of time that patients lived with multiple myeloma without the disease getting worse.

Mobileye (MBLY) continued to tack on gains before the bell following Friday's market debut. The maker of camera systems that helps cars detect obstacles soared 48% on its first day of trading on Friday after it priced its initial public offering at $25 a share.

McDonald's (MCD) said today it would resume its full menu in some Chinese cities later this week. This comes two weeks after its Shanghai-based distributor was accused of using expired meat. McDonald's cut ties with the supplier, a unit of U.S. based OSI Group, and had pulled beef, pork and chicken items from its menus in China.