Market Overview

Stocks To Watch For August 8, 2014

Related BID
Barrington: Sothebys To Set Records At November Impressionist Auction
UPDATE: Stifel Reiterates On Sothebys Ahead Of Hong Kong Auctions
Christie's Sees Record Art Sales (Fox Business)
Related GPS
Mizuho Securities Continues To Recommend The Gap
Benzinga's M&A Chatter for Wednesday October 22, 2014
Earnings Not Inspiring Holiday Shopping Spirits (Fox Business)

Some of the stocks that may grab investor focus today are:

Wall Street expects Sotheby's (NYSE: BID) to report its Q2 earnings at $1.43 per share on revenue of $345.98 million. Sotheby's shares gained 0.72% to close at $40.69 yesterday.

Gap (NYSE: GPS) reported upbeat July sales results. Gap's same-store sales rose 2% in July, beating analysts' estimates of a 0.1% gain. Gap projects Q2 earnings of $0.68 to $0.69 per share. Gap shares jumped 5.10% to $42.25 in the after-hours trading session.

Analysts are expecting Beacon Roofing Supply (NASDAQ: BECN) to have earned $0.58 per share on revenue of $662.94 million in the third quarter. Beacon Roofing Supply shares rose 0.32% to close at $28.44 yesterday.

Lululemon Athletica (NASDAQ: LULU) reported that Dennis "Chip" Wilson will sell half of his stake in the company to investment firm Advent International for $845 million. Lululemon shares climbed 6.07% to $41.40 in the after-hours trading session.

The E. W. Scripps Company (NYSE: SSP) is projected to report its Q2 earnings at $0.12 per share on revenue of $217.83 million. E. W. Scripps shares dropped 2.11% to close at $21.30 yesterday.

Zynga (NASDAQ: ZNGA) reported weaker-than-expected second-quarter revenue and issued a downbeat revenue forecast for the third quarter. Zynga also lowered its 2014 outlook. Zynga shares tumbled 7.53% to $2.70 in the after-hours trading session.

Posted-In: Earnings News Guidance Retail Sales M&A Pre-Market Outlook Markets Trading Ideas


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