Here are some of the companies the Yahoo Finance team is watching today.
Walgreens (WBA) is out with stronger-than-expected results. The pharmacy giant posted earnings and sales that beat expectations last quarter despite what the CEO called a “challenging operating environment." It’s also boosting efforts to cut costs and now looking to trim $1.8 billion by 2022.
Apple (AAPL) is getting an upgrade from JPMorgan Chase (JPM). The bank raised its price target on the tech giant from $265 to $275. Apple is set to report earnings for the quarter after the bell on Wednesday. That stock is up over 50% year-to-date.
Restaurant Brands International (QSR), the parent company of Burger King and Popeyes, reported strong third-quarter earnings and revenue. Restaurant Brands also saw sales rise 10% thanks in part to Popeyes popular spicy chicken sandwich. Popeyes will be bringing that sandwich back next month.
Amazon (AMZN) is partnering with fintech company Paymentus to allow customers to use Amazon Pay for utility bills. Payments can be made online or by voice using an Amazon's Alexa. The CEO of Peymentus said “technologies like Alexa will have a profound impact on how businesses and consumers interact.”
Alibaba (BABA) has snagged Taylor Swift to headline one of the biggest shopping days of the year. The singer will be featured during Alibaba’s Singles Day next month in Shanghai, just one month after she wrapped Amazon’s Prime Day celebration. Swift will be featured in the televised and live-streamed concert 24 hours ahead of the shopping day. Alibaba expects over 100 million more shoppers than last year, despite China's slowing economy.