Here are the companies the Yahoo Finance team is watching for you today.
New worries over the housing sector, after home builder Toll Brothers (TOL) latest results. The company posted a beat on earnings and revenue but orders fell last quarter. That could signal weaker demand. Still, the company says it expects low mortgage rates to keep home sales strong.
Shares of the lighting and LED company Cree (CREE) are in the spotlight after the company’s outlook fell far below expectations. The news outweighed better than expected fourth-quarter earnings and revenue. Cree focuses on semiconductors and is likely impacted by the sanctions President Trump imposed on China's Huawei.
Alibaba (BABA) is reportedly holding off on a planned IPO in Hong Kong. Reuters says China’s biggest e-commerce company is delaying its $15 billion dollar listing on the Hong Kong stock exchange amid ongoing political unrest in the city. A new timetable hasn’t been set yet, but Alibaba could launch the public offering as early as October.
It's a comic book fight for the ages between Sony (SNE) and Disney (DIS). Sony, which owns the rights to Spider-Man, says it won't co-produce any more films with Disney because of stalled contract negotiations, according to Deadline. There's still a chance the two sides will restart talks. The last Spider-Man film brought in $1.1 billion dollars world wide.
New trouble this morning for MoviePass (HMNY). A security researcher says he's found an exposed database giving anyone access to tens of thousands of customer credit card numbers. Reporters from our sister site Tech Crunch say MoviePass only took the database down yesterday, when they reached out for comment.