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Walmart slides, Alibaba soars, Cisco sinks, L Brands falls

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

Walmart (WMT) shares were lower Thursday. The world’s biggest retailer gave a weak outlook for the current quarter, even though it beat on both its top and bottom lines for the second quarter as online purchases grew 60%.

Alibaba (BABA) shares are eyeing a fresh record high. The Chinese e-commerce giant beat analyst’s estimates with a 56% rise in revenue last quarter.

Cisco Systems (CSCO) shares fell after the networking equipment maker posted earnings in line with estimates and revenue that was roughly in line with estimates. However, revenue was still down for the seventh consecutive quarter. Cisco also warned that earnings and revenue this quarter will likely disappoint.

L Brands (LB) shares were sharply lower in early trading. The parent company of Victoria’s Secret and Bath and Body Works lowered its outlook for the year after reporting a miss on same store sales for last quarter. L Brands said declining sales were partially due to Victoria’s Secret’s decision to stop selling swimwear and apparel. However, earnings and revenue both beat expectations.

Hershey (HSY) shares rose after Bernstein lifted the chocolate company’s stock to outperform from market perform and lifted its price target to $127 from $109. The firm cited that lower input costs could significantly expand profit margins for Hershey.

Neff (NEFF) shares are on investor’s watch list after United Rentals (URI) announced it’s buying the equipment rental company in a $1.3 billion deal. United will pay $25 per share, beating out an offer from H&E Equipment Services.