Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Retail remains in focus this morning, JCPenney (JCP) stock sank after the department store chain posted mixed results for the second quarter. Even though the retailer lost more money than analysts’ expected, revenue topped estimates. Penney’s said even though the retail environment remains challenging, it sees signs of hope in the second half of the year.
Nordstrom (JWN) gave an upbeat outlook for the current quarter after delivering a beat on both its top and bottom lines for the second quarter. Results were driven mainly by growth in its online sales and better-than-expected same-store sales. The stock fell after being higher in the premarket.
Nvidia (NVDA) shares fell despite reporting a big beat on earnings and record revenue for last quarter. The graphic chipmaker saw sales surge 56% thanks to strong demand for gaming devices. However, revenue at its growing data center and automotive businesses came in below expectations.
US-listed shares of China’s Baidu (BIDU) and Weibo (WB) were under pressure early Friday following news of a Chinese investigation. The probe will review whether or not the top social media sites are failing to comply with the country’s strict cyber laws. China’s Cyberspace Administration says these sites are hosting content including, “violent terrorism, fake rumors and pornography.” So far, only Baidu has responded, saying it is regretful and will cooperate.
