Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.
Earnings remain front and center. Honeywell (HON) shares were higher after beating on its top and bottom lines. The company bounced back from 2016 losses after posting major profits in its aerospace and energy divisions. This comes after Honeywell’s CEO decided to spin-off two units with sales of $7.5 billion.
PayPal (PYPL) is ringing up big gains early Friday. The digital payment platform posted beats across the board and raised its outlook for the year. The company says Venmo added huge growth this quarter, processing $9 billion in payments. That’s double year over year. PayPal also gained 26 million active accounts compared to last year.
Skechers (SKX) rose double digits, sprinting to new high after the footwear maker reported earnings that crushed estimates. Revenue cruised past a billion dollars, setting a quarterly record. The company said its international wholesale business and a lower effective tax rate boosted profits.
Chipotle (CMG) can’t seem to catch a break. RBC is lowered the Mexicanf food chain’s price target to $330 from $400 citing negative queso reviews, in what it’s calling the “worst queso scenario.” The firm expects fewer sales and higher avocado and labor costs to weigh Chipotle sales down in second half of the year and in 2018. Chipotle is scheduled to report quarterly results next week.
For More on Chipotle: Analyst says Chipotle cheese dip is flopping in note titled ‘Worst queso scenario’