Wall Street's big comeback yesterday could be short lived. After stocks (^GSPC) broke their August losing streak in a big way, news today that China is devaluing its currency is sending shockwaves through Wall Street. The Dow (^DJI) is down triple digits in early trading.
Here are some of the stocks the Yahoo Finance team will be watching for you today.
Google (GOOGL) is reorganizing into a holding company with a new name-- Alphabet. The move puts the traditional Google search and YouTube products as well as upstarts such as the ones working on life sciences and self-driving cars into separate divisions. The company says Alphabet will better help manage its disparate operations.
Kraft Heinz Company (KHC) The maker of mac and cheese and ketchup reports a better than expected profit in the second quarter, but revenue came up short. The company says it continues to face a difficult and challenging process of combining the two food giants, which officially merged last month. Kraft Heinz also says revenue was hurt by falling volumes, price cuts and the strong dollar.
Shake Shack (SHAK) The New York-based boutique burger chain blew the doors of both earnings and revenue in the quarter. Shake Shack says sales jumped 78% thanks to the opening of new locations and solid demand at its established restaurants. And the company adds that things are going so well it will be adding 12 Shake Shacks next year, two more than previously announced.
Take-Two Interactive (TTWO) The maker of video games missed earnings estimates for its fiscal first quarter...while revenue beat. The company says sales of its popular Grand Theft Auto series were a bright spot in the period, noting that net revenue from digitally-delivered content was up 139%. Take Two is also reiterating its full year forecast.
Hertz Global Holdings (HTZ) The rental car company's second quarter profit met estimates, but revenue came in light. Hertz reports a decline in demand at its airport kiosks...and also saw sales at its off-airport sites fall after closing some 200 locations.
Symantec (SYMC) The Norton anti-virus software maker is selling its Veritas data-storage and recovery unit to a group of investors led by the Carlisle Group for $8 billion. Symantec says the move strengthens its finances and will help it grow its core business.
Cyber theft and insider trading
Hackers are back at it again. Various reports say federal prosecutors are planning to charge several people with securities fraud, after they hacked into newswire sites like PRNewswire, Marketwired, and Berkshire Hathaway’s (BRK-A) Business Wire. The hackers then allegedly passed the info to associates who traded on the insider information.
it's like a scene right out of the film, Minority Report." Advertisers will be able to scan your face, and serve you personalized billboard ads - in real time. Billboard company Ocean Outdoor is rolling out a system next month in Birmingham, England's train station that will do just that, based on characteristics like gender and age.
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