Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Mattel (MAT) doesn’t appear to want to play with Hasbro (HAS). Both stocks are lower after Mattel reportedly rejected a takeover offer from rival Hasbro. Mattel told Hasbro the offer undervalues the company and didn’t factor in the potential rejection from anti-trust regulators. Mattel will reportedly continue to negotiate.
The parent company of Victoria’s Secret continues to struggle. Shares of L Brands (LB) are lower following a 29% drop in its bottom line last quarter. Sales at its lingerie brand continued to fall after the company dumped its apparel and swimwear businesses earlier this year. Comparable sales also took a hit at L Brands, falling 1% year-over-year.
RH (RH) shares are soaring in early trading. The home furnishings retailer, formerly known as Restoration Hardware, raised its third-quarter and fiscal 2017 guidance. RH cited a dramatically more efficient operating platform for the boost. The company also upped expectations for all of its major metrics.
Investors are keeping a close eye on Viacom (VIAB). The cable company’s fourth-quarter earnings missed the market because of a drop in U.S. ad revenue. Viacom did, however, cite growth in international markets.