Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
GoPro (GPRO) shares soared on Thursday. The wearable camera maker says it expects to swing to a profit on an adjusted basis in the current quarter — thanks to strong demand for its Hero 6 and the Fusion 360 action-cameras.
RH (RH) shares surged in early trading. The home furnishing retailer formerly known as Restoration Hardware raised its outlook for the year. That’s after reporting a beat on both its top and bottom lines for the second quarter. Revenue jumped more than 13% from a year ago on strong same-store sales.
Procter & Gamble (PG) is on investors’ watch list. P&G dismissed a 94-page white paper released by Trian’s Nelson Peltz as containing “nothing substantive.” Activist investor Peltz, who has been pushing for a board seat, detailed plans in the white paper to reorganize the consumer products giants into three separate units to improve performance. Trian holds a $3.5 billion stake in Procter & Gamble.
Amazon (AMZN) is in the spotlight this morning. The company is looking for a home away from home as it plans to open a second headquarters. Seattle-based Amazon is looking for a city somewhere in North America. The project has been dubbed “HQ2” and will cost $5 billion to build and operate.