Macy's eBay hire lifts stock, Toll Brothers tumbles, Restaurant Brands jumps
Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today. Earnings continue to trickle in.
Toll Brothers (TOL) shares were lower in early trading. The luxury home builder delivered mixed results for last quarter. Earnings handily topped analysts’ estimates, but revenue fell slightly short of forecasts, despite an 18% jump in sales.
US-listed shares of BHP Billiton (BHP) got a nice pop this morning after the world’s largest mining company swung back to a full-year profit and said it plans to sell its US shale oil and gas business amid pressure from shareholders, including Elliott Management.
Macy’s (M) shares rose on Tuesday following news that the embattled retailer poached Ebay’s (EBAY) senior VP Hal Lawton to be its own president. Lawton will oversee all aspects of the Macy’s brand. His hiring is part of efforts to streamline decisions to the highest ranks and improve online sales. Macy’s reported its 10th straight quarter of declining same-store sales earlier this month.
Restaurant Brands (QSR) is also on investors’ watch list this morning after UBS rated the parent of Tim Hortons, Burger King and Popeyes as a top pick. The firm believes the stock will continue to outperform over the next year on improving same-store sales at its Popeyes and Tim Hortons chains.
