Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Some big name consumer brands are in focus. Shares of Stanley Black & Decker (SWK) were higher in early trading. The tool maker reported better-than-expected earnings and revenue for the first quarter as cost cutting paid off. The company also raised its outlook for the year thanks to strength in its industrial business.
Toymakers are not having fun this morning. Mattel (MAT) and Hasbro (HAS) were both lower this morning after Mattel reported a much bigger-than-expected loss for the first quarter and revenue that also missed estimates. Sales fell 15% from a year ago as the world’s largest toymaker struggled with unsold toys after the holidays, especially Barbies. Hasbro is due to report quarterly results on Monday.
General Electric (GE) delivered a beat on both its top and bottom lines in the first quarter driven by profit from its industrial business. However a 9% drop in oil and gas revenue weighed on results.
Wells Fargo (WFC) is back in the headlines. The lender is expanding its class-action settlement for its shady sales practices to include customer accounts that go all the way back to May of 2002. This will add $32 million to the previous agreement, bringing the total to $142 million.