Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Netflix (NFLX) shares are higher after news that the streaming giant is looking to raise prices on some of its most popular plans by 10%, which could impact 53 million US subscribers. A move like this would help drive profits but could hurt subscriber growth. This would be the first price hike in two years for the streaming giant.
Amazon (AMZN) is testing out its own delivery service. Trial programs are happening right now on the West Coast before it goes national. Amazon hopes this will make more products available for free two-day shipping and get items out of warehouses faster. The news is putting pressure on shares of UPS (UPS) and FedEx (FDX). Both stocks traded lower on Thursday morning.
The tide may be turning for SeaWorld (SEAS). The stock surged in early trading on news that Merlin Entertainments is interested in buying part of the embattled marine theme park operator. UK based Merlin Entertainments also owns Legoland and Madame Tussauds. Sources say SeaWorld has interest from other buyers and is more interested in selling the entire company.
And from sea to sky: Constellation Brands (STZ) soared in early trading. The distributor of Corona beer posted beats on both its top and bottom lines for its second quarter and also raised its outlook. The company said better-than-expected results of beer sales offset lower sales in wine and spirits.
Deckers Outdoor (DECK) shares are in the spotlight. Hedge fund Marcato Capital expects shares of the footwear designer to more than double by 2020. Marcato which owns 6% of the UGG distributor, says it sees growth if Decker ramps up buybacks and sells off some non-core assets. The activist investors are pushing for board representation and are expected to dish out more details next week.