Here are the companies Yahoo Finance is watching today.
Investors aren't so sweet on Hershey (HSY) this morning. The candy maker beat on earnings, and sales were roughly in-line with expectations. However, weak guidance is pressuring the stock. The CEO says she's seeing "momentum" and Hershey is on track to meet its commitments for the year.
The grounding of those Boeing 737 Max jets is weighing on Southwest (LUV). The airline squeezed out a small profit, as bookings soared, but it's now extending Max-related flight cancellations through January. It's also consolidating operations in the New York Area and ending flights out of Newark airport.
Ford (F) is under pressure after disappointing the Street with its latest results. Earnings came in below expectations and it issued weak guidance for the rest of the year. North American sales were strong, with the F-series of trucks helping push results here. The CEO called it a "time of profound change" in the auto industry.
Nike (NKE) is reportedly looking to sell its surfwear brand Hurley International. In 2002, the sportswear company bought the California brand from its founder Bob Hurley. This comes as the surfwear market continues to lose its momentum and boutique brands gain popularity. No word yet on how much Nike might sell it for.
Two Uber (UBER) board members are stepping down. Arianna Huffington says because of growth at Thrive Global she can no longer fulfill her duties as an Uber board member. Matt Cohler also stepped down. He's a general partner at Benchmark and one of Uber's earliest investors. While Cohler played a role in former CEO Travis Kalanick's resignation, he claims his departure did not result from any disagreement with the company.
