Kohl's jumps on Amazon deal, Fiat Chrysler upgraded, Newell Brands feels impact of Hurricane Harvey
Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Kohl’s (KSS) stock was higher in early trading. The department store chain is the latest retailer to team up with Amazon (AMZN). Kohl’s said it would start selling Amazon devices, such as the Echo and Fire tablets, at 10 stores in Los Angeles and Chicago starting in October. In July, Sears (SHLD) signed a deal to sell its Kenmore home appliances on Amazon.
US-listed shares of Trivago (TRVG) sank on Wednesday after the German travel website lowered its earnings outlook for the current quarter and the year, due to slower-than-expected revenue growth.
Newell Brands (NWL) is feeling the impact of Hurricane Harvey. The stock was down sharply in early trading after the maker of Sharpie and other consumer products slashed its profit outlook for the current quarter. The company said it expects costs to rise because of lower supply of resin. Nearly all of its resin suppliers with facilities in Texas and Louisiana have been shut down for more than a week and some are still not operating.
Fiat Chrysler (FCAU) shares raced ahead. Barclays is upgrading the stock to Overweight from Equal Weight. The firm believes that CEO Sergio Marchionne will take steps to unlock shareholder value in the next 18 months. Plus there’s ongoing speculation the automaker is looking to sell its Jeep division or the whole company.
