Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.
Costco (COST) is getting hit with another downgrade on Monday. Deutsche Bank (DB) lowered its rating on the stock to hold from buy. The firm cited increased competition for the wholesale club retailer after Amazon’s (AMZN) purchase of Whole Foods Market (WFM). This follows a Goldman Sachs downgrade of Costco on Friday.
Some headlines out of the Paris Air show: Boeing (BA) unveiled a new model of its best-selling 737 Max 10, which can carry up to 230 people. The plane maker said it had more than 240 orders and commitments from at least 10 customers for the new aircraft.
Meanwhile, Lockheed Martin (LMT) is reportedly close to a deal to sell 440 of its F-35 fighter jets to 11 nations, including the US. Reuters is reporting that the deal could be worth more than $37 billion.
Disney (DIS) shares are in the spotlight this morning after its movie “Cars 3” raced to first place at the box office over the weekend, speeding ahead of Warner Brothers’ “Wonder Woman.” The Cars sequel took in an estimated $53.5 million dollars in North America.
Valeant Pharmaceuticals (VRX) shares soared after the embattled Canadian drug maker announced that its largest shareholder—activist investor John Paulson—will join its board of directors.