Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Gap (GPS) tops our list. The stock was up sharply in early trading after the retailer reported a surprise beat on both its top and bottom lines for the first quarter as same-store sales improved across all its brands, especially low-cost Old Navy.
It’s a different story for Foot Locker (FL). That stock got stomped on this morning after the sporting goods retailer delivered earnings and revenue that missed analysts’ estimates. The company blames delayed income tax returns for sluggish sales early in the first quarter. Foot Locker says stronger sales in March and April weren’t enough to offset the slow start in February.
Salesforce.com (CRM) shares got a nice lift this morning. The software provider raised its outlook for the year after it reported earnings and revenue that were much better than Wall Street expected. Revenue surged about 25% last quarter to $2.39B.
And a potential deal is brewing in the energy space. Dynegy’s (DYN) stock is surging in early trading after the Wall Street Journal reported that rival Vistra Energy (VST) has approached the power producer about a potential takeover. The deal would producer the nation’s largest independent power producers.