Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Intel (INTC) proved it has what it takes to take on the competition. The chipmaker raised its revenue and profit outlook for the year after it reported a beat on both its top and bottom lines for the second quarter. Revenue jumped more than 9% from a year ago thanks to better-than-expected sales for chips used in PCs and strength in its data center business. Going forward Intel said it expects to benefit from growth in driverless technology and AI after its purchase of Mobileye earlier this year.
The Unicorn Frappuccino didn’t provide enough magic for Starbucks (SBUX) sales last quarter. The stock sank on Friday morning after the coffee chain’s revenue did not live up to Wall Street expectations, even though earnings matched estimates. Starbucks also lowered its forecast for the year and said it plans to close all of its Teavana stores over the next year.
Mattel (MAT) investors aren’t having much fun this morning either. The stock fell after the toymaker posted a wider-than-expected loss and revenue that also missed analysts’ estimates in the second quarter. Strong sales of Cars 3 toys were not enough to offset weakness in some of its main brands, including American Girl and Barbie.
And we’re keeping an eye on shares of Ford (F), as there are more carbon monoxide complaints about the Ford Explorer. The National Highway Traffic Safety Administration says it’s now upgrading and expanding its probe after more than 2,700 complaints were made about the gas issue.