Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Ford (F) shares were lower in early trading even though the automaker raised its profit outlook for the year and delivered better-than-expected earnings and revenue for the second quarter. Ford benefitted from a lower tax rate and strong demand for its pick-up trucks. On Tuesday, rival General Motors (GM) reported mixed results.
Advanced Micro Devices (AMD) shares are flirting with a new high. Analysts are lining up to raise their price target on the stock after the chip maker surprised Wall Street by swinging to a profit last quarter. Revenue also beat expectations jumping more than 18% from a year ago. AMD also gave an upbeat outlook for the current quarter and the year as it expects demand for its graphics chips to remain strong.
Investors still skeptical about buying shares of Chipotle (CMG). The stock opened higher but then quickly reversed course. The stock had a rough time last week following reports of people getting sick at one of its restaurants in Virginia. The Mexican food chain said on its earnings call Tuesday that a sick employee came to work and caused the norovirus outbreak at that location, easing concerns that the outbreak was a larger, supply chain issue. This as Chipotle delivered a beat on earnings, which more than doubled from a year ago. Revenue also rose on cost cutting, but still slightly missed estimates.
And more rumbling about potential buyers for Scripps Networks (SNI). The stock rose on Wednesday after Reuters reported that Viacom (VIAB) is considering making an all-cash bid of $10.6 billion for the owner of channels such as HGTV and Food Network. This comes after reports last week that Discovery was interested in buying Scripps.