All the market-moving news you need to know this morning including earnings from Valeant, Kors, Ralph Lauren, Dean Foods, Plains All American, and Avis Budget.
Stocks look set for a lower open this morning–putting the Dow Jones Industrial Average’snine-day streak of new highs in jeopardy.
S&P 500 futures have declined 0.1%, while Dow Jones Industrial Average futures have dipped 15 points, or 0.1%. Nasdaq Composite futures have fallen 0.1%.
Avis Budget Group (CAR) has tumbled 8.7% to $30.50 after missing second-quarter earnings and sales forecasts, and offering below-consensus full-year guidance.
Dean Foods (DF) has slumped 9.2% to $13.60 after missing second-quarter earnings forecasts.
Endo International (ENDP) has gained 4.5% to $9.73 after beating earnings forecasts.
Foot Locker (FL) has risen 2.4% to $50.03 after getting upgraded to Overweight from Equal Weight at Morgan Stanley.
Michael Kors Holdings (KORS) has jumped 13% to $41.90 after beating fiscal first-quarter earnings forecasts, and offering consensus topping guiding.
LendingClub (LC) has climbed 8.1% to $5.90 after reporting a smaller-than-expected loss.
Cheniere Energy (LNG) has gained 3.1% to $44.50 after reporting second-quarter results.
Marriott International (MAR) has fallen 3% to $103 after beating second-quarter earnings expectations but offering below-consensus third-quarter guidance.
Mallinckrodt (MNK) has declined 2.3% to $40 after beating earnings forecasts but missing on sales.
Manitowoc (MTW) has climbed 8.6% to $8.05 after reporting better-than-expected earnings and sales.
Norwegian Cruise Line Holdings (NCLH) has gained 3.4% to $58.60 its earnings and sales topped Street expectations.
Noble Corp. (NE) has declined 1.1% to $3.54 after getting cut to Hold from Buy at Societe Generale.
Plains All American Pipeline L.P. (PAA) has plunged 15% to $21.50 after reporting weaker-than-expected earnings and offering below-consensus guidance.
Ralph Lauren (RL) has climbed 5.1% to $82.12 after its earnings topped the Street consensus.
TransDigm Group (TDG) has risen 2% to $289.99 after reporting better-than-expected earnings and sales.
Tenet Healthcare (THC) has tumbled 8.3% to $15.30 after reporting a larger-than-expected loss.
United Parcel Service (UPS) has advanced 1.1% to $113.10 after getting upgrade to Buy from Neutral at Citigroup.
Valeant Pharmaceuticals International (VRX) has jumped 9.2% to $16.79 after higher-than-expected EBITDA trumped lower full-year revenue guidance.