Dick’s Sporting Goods (DKS) – The sporting goods retailer reported adjusted quarterly earnings of $1.32 per share, 10 cents above estimates, with revenue also above forecasts. Comparable store sales were up 5.3 percent compared to a Refinitiv-provided consensus estimate of up 3.0 percent, and the company also announced a 13.6 percent increase in the quarterly dividend.
Reynolds Consumer Products (REYN) – The maker of products such as Reynolds Wrap and Hefty trash bags reported lower than revenue for its latest quarter, in its first quarterly report since going public in January. Adjusted earnings were roughly in line with Wall Street projections.
Novavax (NVAX) – The biotech company
Occidental Petroleum (OXY), Apache (APA), Marathon Oil (MRO) – These and other energy producers are among those set for double-digit percentage rebounds today, following a Monday drubbing resulting from the biggest drop in crude prices since the 1991 Gulf War.
Delta Air Lines (DAL), American Airlines (AAL), Southwest (LUV), United Air Lines (UAL), JetBlue (JBLU) – These and other airline stocks remain on watch, as travel continues to be impacted by
Stitch Fix (SFIX) – Stitch Fix is under pressure after giving weaker than expected current quarter and full year guidance. The online clothing styling service pointed to the financial impact of promotional activity across the retail sector. Stitch Fix did earn 11 cents per share for its second quarter, 5 cents above estimates, but revenue fell short of Wall Street forecasts.
Tesla (TSLA) – The automaker plans to increase production capacity for certain car parts at its Shanghai factory, according to a government document seen by Reuters.
Fifth Third (FITB) – The bank was charged by the Consumer Financial Protection Bureau with opening new accounts without customer consent, in order to meet sales goals. Fifth Third called the allegations “unnecessary and unwarranted”.
Wells Fargo (WFC) – Wells Fargo said Elizabeth Duke has resigned as the bank’s chair, replaced by board member and former Bank of America chief financial officer Charles Noski. Duke is scheduled to testify before a House panel Wednesday on the bank’s efforts to reform its practices following its sales scandal, and was expected to face calls to step down.
Vail Resorts (MTN) – Vail Resorts reported quarterly earnings of $5.04, missing the consensus estimate of $5.45, with revenue falling short of estimates as well. The resort operator also pulled its annual guidance and said it sees business continuing to decline.
United Parcel Service (UPS) – UPS was upgraded to “buy” from “hold” at Stifel, which notes the recent sell-off in the stock and that the delivery service has a steady earnings and cash flow profile that is attractive under current market conditions.
L Brands (LB) – L Brands