Stocks to Watch: Tesla, Home Depot, Switch, Express Scripts, Advance Auto Parts, Ford, Tapestry, RH, Coca-Cola
August 14 2018 - 10:01AM
Dow Jones News
By Francesca Fontana and Amrith Ramkumar
Here are some of the companies with shares expected to trade
actively in Tuesday's session. Stock movements reflect premarket
trading.
Tesla Inc. -- Up 0.3% : Tesla announced the formation of a
special committee to evaluate the company's potential move to go
private, which Chief Executive Elon Musk tweeted about last
week.
Home Depot Inc. -- Up 2% : The home-improvement retailer
reported that same-store sales increased 8% in the second quarter
and raised its expected earnings per share for the fiscal year.
Switch Inc. -- Down 23%: The data-center company lowered its
full-year sales guidance after posting weaker-than-expected results
in the most recent quarter.
Express Scripts Holding Co. -- Up 1.2%: Carl Icahn no longer
plans to solicit votes from Cigna shareholders against the health
insurer's $54 billion deal to buy Express Scripts after two
proxy-advisory firms recommended shareholders support the deal, the
billionaire activist investor said in a statement.
Advance Auto Parts Inc. -- Up 6% : The auto parts retailer beat
earnings and revenue expectations for the second quarter and
announced a new stock repurchase program.
Ford Motor Co. -- Up 0.5% : Shares of the auto maker fell 2.9%
Monday in a fourth straight session of losses as investors continue
to weigh trade tensions, with the stock at its lowest level in
nearly six years.
T apestry Inc. -- Up 5.8%: The parent company of luxury brands
such as Coach reported fiscal fourth-quarter earnings and sales
that beat analysts' expectations. Sales were aided by the
contribution of Kate Spade, which the company acquired last
year.
RH -- Down 1.9%: RH, formerly known as Restoration Hardware,
said Chief Financial Officer Karen Boone will step down and be
replaced by Ryno Blignaut. Mr. Blignaut previously served as
finance chief for Xoom Corp.
Coca-Cola Co. -- Up 0.3%: Coca-Cola is buying a stake in
BodyArmor, the sports drink startup backed by Kobe Bryant and other
athletes, marking the latest attempt by the beverage giant to break
Gatorade's lock on the sports market.
This is an expanded version of the "Stocks to Watch" section of
our Markets newsletter. To receive it every morning via email,
click here.
Write to Amrith Ramkumar at amrith.ramkumar@wsj.com
(END) Dow Jones Newswires
August 14, 2018 09:46 ET (13:46 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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