Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Herbalife (HLF) tops our list. The stock fell early trading. The nutritional supplement maker cut its sales outlook for the current quarter, but lifted its profit guidance. The company now expects revenue to fall more than previously expected due to new FTC rules and softer sales in Mexico.
Investors are also keeping close tabs on shares of Time Warner (TWX). Barron’s noted that the successful debut of its Warner Brothers and DC comics film “Wonder Woman” over the weekend can help propel the stock up 20% over the coming year. The super-heroine movie brought in more than $100 million in its US opening.
Ebay (EBAY) shares got a bit of a bounce this morning. Credit Suisse upgraded the stock to outperform from neutral and raised its price target by $10 to $44 dollars a share. The firm believes that the stock remains a turnaround story and that platform changes and product innovation will drive eBay’s growth in the marketplace.
And turning to the housing sector, shares of the Forestar Group (FOR) soared in early trading. This comes after US homebuilder D.R. Horton (DHR) offered to buy 75% of the real estate development company. DR Horton’s offer of $16.25 per share in cash is a 14% premium to Forestar’s current merger deal with Starwood Capital.