Tiffany surges, Gap on an upswing, Starbucks posting higher
Let’s check out the Yahoo Finance charts of the day.
Tiffany (TIF): Tiffany & Co quarterly results topped Wall Street estimates on strong demand for its jewelry in the Americas and China, helping the upscale retailer raise its full-year profit forecast. Revenue and comparable-store sales also beat forecasts.
Gap (GPS): Citi upgraded the apparel retailer’s stock to “neutral” from “sell”, based on current price levels following recent underperformance.
Starbucks (SBUX): Nestle and Starbucks have concluded a $7.15 billion licensing deal for the Swiss food giant to market the U.S. coffee maker’s packaged coffees and teas around the world. About 500 Starbucks employees will shift to Nestle.
For more on today’s big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.
