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Target soars on sales rebound, Urban Outfitters surges on beat, Apple's big Hollywood ambitions

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

A couple of retailers top our list: Target (TGT) shares soared in early trading. The discount department store chain delivered better-than-expected earnings and revenue in the second quarter as same store sales improved.

Urban Outfitters (URBN) surged on Wednesday. The retailer reported better-than-expected earnings, revenue and same-store sales for last quarter. The results were driven by strong performances at its Free People and Anthropologie chains.

Mylan (MYL) shares got a nice pop after Citi upgraded the stock to buy from neutral and raised its price target to $42 from $36 dollars a share. Citi called the generic drugmaker the “best house on a somewhat beleaguered block” and “the best positioned to execute in a challenging environment.

Fiat Chrysler (FCAU) shares rose this morning. The Italian automaker is teaming up with BMW to produce fully autonomous cars by 2021. BMW and its partners Intel (INTC) and Mobileye (MBLY) say Fiat would bring engineering and other expertise to the table.  Fiat’s timeline now matches those of its rivals. It had previously outsourced its self-driving program to Google parent Alphabet (GOOGL).

Apple (AAPL) is diving headfirst into Hollywood. The tech behemoth is setting a budget of $1 billion for original content over the next year. That’s according to the Wall Street Journal. That’s about half what HBO (TWX) spent this year and around the same as what Amazon (AMZN) spent when it first launched original programming back in 2013.