Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Zulily (ZU) shares are soaring in early trading after Alibaba (BABA) increased its stake in the U.S. online flash retailer to more than 9%, according to a regulatory filing. The Chinese e-commerce giant is looking for ways grow its presence in the U.S. as the economy in its home market slows. Yahoo (YHOO) the parent of Yahoo Finance still holds about a 15% stake in Alibaba.
Dish Network (DISH) shares are on the move this morning. The satellite TV provider reporting profit more than doubled from a year earlier as it benefited from price increases in the first quarter. Revenue came in slightly below forecasts, but rose 3% from a year earlier to $3.7 billion as its core pay-TV business made up for a loss in subscribers.
Mobileye (MBLY) shares are higher in early trading. The car safety technology company reporting better-than-expected earnings and revenue in the first quarter with sales surging nearly 28% from a year earlier to $45.6 million.
Sotheby's (BID) also in the spotlight. The auction house swung to a profit in the first three months of the year with earnings and revenue that topped analysts' estimates. Adjusted net income rose to $7.4 million compared to a $3 million adjusted net loss the prior year. The company said strong sales of old masters, impressionist and modern and contemporary art helped boost profit growth.