Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Apple (AAPL) shares are lower after a lackluster earnings report released yesterday after the bell. Tim Cook and company did report a beat on the top and bottom lines but iPhone shipments were down year over year and the company expects to bring in between $60B and $62B this quarter, below Wall street’s expectation of nearly $66B.
Meanwhile over at Alphabet (GOOGL), the parent company of Google reported an earnings miss which sent the stock down after hours and through this morning’s open. The silver lining from yesterday’s call though came from Google CEO Sundar Pichai who announced the tech giant would soon hire thousands of workers across nine states, name checking Colorado and Michigan in particular. Google already has some sort of physical foot print in 21 states.
Tesla (TSLA) is teaming up with Home Depot (HD). The electric carmaker announced it was getting into the solar roofing business back in 2016 and completed it’s first real world application on Elon Musk’s home last year. Now Tesla is planning to open solar panel kiosk’s within Home Deport stores in hopes of bringing the technology to the masses.
Some trouble for Ford (F) in China. The US automaker’s joint venture there is recalling more than a half a million cars due to issues with breaking hoses that impact the distance it takes to break. No word yet on what this might cost the company.
Finally, Snapchat (SNAP) is launching the Snap Store. Users will be able to buy merchandise like a plush dancing hot dog for about $20 or a dog lens t-shirt for $30. A Snapchat spokesperson told Tech Crunch the new offering is not meant to be a serious revenue stream but rather a way to drive brand loyalty and reward users.