Kohl's, Wyndham rejects Choice Hotels, Zillow: Top Stocks
Kohl's (KSS) shares slide this morning after reporting declining sales in the third quarter. Wyndham Hotels & Resorts (WH) rejects the latest bid from Choice Hotels International (CHH). Lastly, Deutsche Bank analysts initiative coverage on Zillow (Z, ZG) with a "Buy" rating at a price target of $50 per share.
Yahoo Finance Live's Seana Smith and Brad Smith examine several trending stocks during Tuesday morning's trading session.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Video Transcript
BRAD SMITH: We're about 30 minutes into the start of the trading day as well here. We've got stocks pulling back from this week's rally as investors await Fed minutes, and the Nvidia results set to come after the bell today.
SEANA SMITH: Taking a look at some of the individual movers. Kohl's is taking a hit today after posting a larger than expected drop in sales for the quarter with comp sales falling for the seventh quarter in a row. Now, the results signal further signs that consumers are shifting away from discretionary spending.
BRAD SMITH: And Wyndham striking down another bid from Choice Hotels after Choice's CEO looked to restart negotiations in a letter November 14. Wyndham CEO told "The Wall Street Journal," seeing this drag on and given that they're failing to provide any adequate compensation for a deal with this type of lopsided risk is a real issue for us.
SEANA SMITH: And Deutsche Bank is bullish on housing, initiating Zillow with a "Buy" rating and a $50 price target. Analyst Benjamin Black telling investors that Zillow positions itself as the market-leading platform when beginning your home buying journey with twice the website traffic as Realtor.com. So again, bullish on Zillow, but we're still looking to drop just about 1%.
