Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.
Tesla (TSLA) shares are falling this morning, following yesterday’s 7% slide after the electric car maker’s Model S did not get the top score in the latest crash tests by the Insurance Institute for Highway Safety. According to the report, the driver’s seat belt was not effective to protect the crash test dummy’s head from hitting the steering wheel through the air bag. Tesla responded by defending its safety record for the Model S. We’re doing a poll—is this the beginning of the end for Tesla stock—head to @yahoofinance on Twitter and vote.
Investors dumped shares of Yum China (YUMC). The stock was sharply lower in early trading. The fast-food chain posted earnings that were in line with estimates, but revenue slightly missed expectations for last quarter. Sales were dragged down by weakness in its Pizza Hut chain.
Costco (COST) shares were higher this morning after the wholesale club posted better-than-expected sales for June. Costco shares have been under pressure following Amazon’s purchase of Whole Foods last month.
And there’s a deal in the home shopping space. The owner of QVC—Liberty Interactive (QVCA)—is buying the remaining 62% stake of Home Shopping Network (HSNI) that it doesn’t already own in a deal valued at $2.6 billion dollars.