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Apple's App Store sets record; Chipotle upgrade; Costco shares climb on sales

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Macy’s (M) – The department store giant reported disappointing sales for the holiday season, lowered its earnings guidance and released locations of 68 of the 100 stores it plans to close. Macy’s comparable sales for November and December dropped 2.1%, and it now forecasts full-year diluted earnings per share to be in a range of $2.95 to $3.10, down from its previous estimate of $3.15 to $3.40.

Kohl’s (KSS) – The company lowered its fiscal 2016 guidance and reported a drop in comparable sales during the holiday season from one year ago. Sales during November and December fell 2.1% combined. Kohl’s is scheduled to release its full fourth-quarter results on February 23.

Mylan (MYL) – Citigroup downgraded the maker of the EpiPen to neutral with a price target of $44 per share. Citi warned that Mylan’s valuation is less attractive.

Monsanto (MON) – The company posted a profit in its latest quarter, driven by a 32% jump in revenue from its biggest business, seeds and genomics. Monsanto reported adjusted earnings per share of 21 cents on revenues of $2.65 billion.

Apple (AAPL) – The tech giant’s App Store raked in $240 million in purchases on New Year’s Day, its biggest sales day ever. Apple also announced that December’s $3 billion in App Store purchases also broke a holiday-season record.

Chipotle (CMG) – Wedbush upgraded the fast-casual restaurant chain to neutral from underperform and raised its price target by $30 to $400.

Costco (COST) – The company reported total comparable sales for December rose 3%, marking the fourth month in a row of positive comparable-store sales.

Amazon (AMZN) – The retail giant is planning to open its first New York City bookstore in Manhattan’s Time Warner Center later this year. Amazon currently has three brick-and-mortar retail stores, located in Seattle, San Diego and Portland, Oregon.