Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
Sears (SHLD) tops our list. Shares are jumping over 10% after a hedge fund led by CEO Eddie Lampert recommended the partial or complete sale of a number of assets. ESL Investments wants to buy the Kenmore brand and Sears’ Home Improvement business, among others. The firm specifically says it’s prepared to close the Kenmore portion of the deal within 90 days.
Alaska Air (ALK) is on investors’ radars after beating on adjusted earnings and profit for its first quarter. Alaska Air also received federal permission to put its recent acquisition of Virgin America under a single airline name.
Under Armour (UA) is getting a boost today after Deutsche Bank upgraded the stock from Sell to Hold. The sports clothing maker now has 17 sell ratings, 16 holds, and one strong buy.
Amazon (AMZN) is ramping up its fresh food efforts in India. Reuters reports that the e-commerce giant expects groceries and household products to account for over half of its business in India in the next five years. While the company wouldn’t comment on a timeline for AmazonFresh in India, it did say that two-hour delivery is very likely in India in the next five years.
Rival Walmart (WMT) is also prepping to make big moves in India. The retail giant is close to finalizing a deal to buy a majority stake in Flipkart. According to Bloomberg, Walmart will pay at least $12B for India’s leading e-commerce company. Walmart is expected to own between 60%-80% of Flipkart, valued at about $20B.
