Here are the companies Yahoo Finance is watching today.
A strong quarter for General Mills (GIS). The company behind Cheerios beat on earnings, and delivered revenue roughly in-line with expectations. North American sales were better than many on the street were forecasting, and their guidance also came in strong. The stock is up more than 20% year to date.
FedEx (FDX) is in the spotlight today as it sounds the alarm on global trade. Its latest earnings report missed on the top and bottom lines and slashed guidance for the year. The company blamed the slowing global economy. FedEx is considered a key bellwether since it operates in so many countries around the world and handles key shipments for major international companies.
Say hello to the new Disney (DIS). It just closed its $71billion dollar acquisition of Fox's entertainment assets. The new Fox (FOX) is also now trading with Fox News, Fox Sports and the local Fox TV stations in its portfolio. Under the deal, Disney now controls many of Fox's biggest properties, including "The Simpsons". However, it still has to sell off 22 regional sports networks to appease regulators.
The FDA just approved the first drug to treat postpartum depression in new mothers. The drug from Sage Therapeutics (SAGE) will be delivered as a one-time, continuous infusion to the veins over the course of 60 hours. The treatment is expected to improve symptoms in about two days and cost an estimated $20,000 or more before discounts. The CDC estimates that postpartum depression affects one in nine women nationwide.
Google (GOOG) is getting in on the gaming industry. The tech giant is launching a streaming platform called Stadia later this year. The service will allow people to play costly video games without having to buy specialty controllers or a keyboard. No word on how much it will cost gamers to use the service.