Market Overview

Benzinga Pro's 5 Stocks To Watch Today

Share:

Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user!

The Coca-Cola Co (NYSE: KO) stock was trading flat Tuesday after the beverage company announced a new strategic relationship with BodyArmour. As part of the agreement, Coca-Cola will acquire a minority stake in the sport beverage company in exchange for access to Coca-Cola's bottling system with future potential for an international expansion.

Tapestry Inc (NYSE: TPR) gained more than 5 percent after the fashion company reported its fiscal fourth-quarter results. The parent company of Coach, Kate Spade and other luxury brands said it earned 60 cents per share in its quarter on revenue of $1.48 billion versus expectations of 57 cents per share and $1.47 billion. The company guided its full year 2018 EPS to a range of $2.70-$2.80 on revenue of $6.1-$6.2 billion versus estimates of $2.60 per share and $5.86 billion.

Switch Inc (NYSE: SWCH) lost more than 25 percent in reaction to a weak second-quarter earnings report and downward revision to its 2018 sales and EBITDA guidance. BTIG Research downgraded the stock from Buy to Neutral.

Truett-Hurst Inc (NASDAQ: THST) gained more than 100 percent after the nano-cap wine company said it reached an agreement to sell its wholesale wine business to Precept Brands.

Advance Auto Parts, Inc. (NYSE: AAP) gained more than 6 percent in reaction to a second-quarter sales and earnings beat. The company also guided its full year 2018 sales to a range of $9.3-$9.5 billion versus the Street's estimate of $9.38 billion.

Related Links:

The Daily Biotech Pulse: Cesca, Acer Therapeutics Rally On Earnings, Aridis Makes Its Nasdaq Debut

28 Stocks Moving In Tuesday's Pre-Market Session

Posted-In: BodyArmour Coach Kate SpadeNews Pre-Market Outlook Trading Ideas

 

Related Articles (AAP + KO)

View Comments and Join the Discussion!

For Cryptocurrency Traders, The (Down)trend Is Still Your Friend

The Daily Biotech Pulse: Cesca, Acer Therapeutics Rally On Earnings, Aridis Makes Its Nasdaq Debut