Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Oracle (ORCL) tops our list. The stock fell in early trading, even though the software maker reported a beat on both its top and bottom lines for last quarter. Revenue jumped 7% year-over-year to $9.2 billion. The company gave a disappointing outlook for earnings and revenue for the current quarter. That’s raising concerns of a slowdown in its cloud business.
Macy’s (M) plans to hire 80,000 seasonal workers. That’s 3,000 fewer than last year, which is partially due to Macy’s operating 70 fewer stores than a year ago. And about 20% of Macy’s holiday hires will go to support its online business, such as staff for distribution and warehouses. Earlier this week, rival Target (TGT) announced it would hire 100,000 workers for the holiday season, a 43% increase from the previous year.
JPMorgan is weighing in on the airline sector this morning. Shares of American Airlines (AAL) and United Continental (UAL) were both lower on Friday after the firm downgraded both stocks to neutral from overweight on concerns over rising fuel costs and domestic pricing weakness. JPMorgan is instead favoring low-cost carrier Southwest in this space. The bank upgraded LUV to overweight from neutral due to its attractive valuation.