Advertisement
U.S. Markets close in 1 hr 10 mins
  • S&P 500

    5,568.90
    -56.90 (-1.01%)
    ?
  • Dow 30

    40,892.53
    -357.97 (-0.87%)
    ?
  • Nasdaq

    17,485.34
    -269.48 (-1.52%)
    ?
  • Russell 2000

    2,180.53
    -22.47 (-1.02%)
    ?
  • Crude Oil

    74.58
    -0.95 (-1.26%)
    ?
  • Gold

    2,540.20
    -12.70 (-0.50%)
    ?
  • Silver

    29.18
    -0.80 (-2.65%)
    ?
  • EUR/USD

    1.1115
    -0.0073 (-0.6558%)
    ?
  • 10-Yr Bond

    3.8430
    +0.0100 (+0.26%)
    ?
  • Vix

    17.73
    +2.93 (+19.86%)
    ?
  • GBP/USD

    1.3179
    -0.0081 (-0.6076%)
    ?
  • USD/JPY

    144.7160
    +0.8060 (+0.5601%)
    ?
  • BTC-USD

    58,893.35
    -3,175.30 (-5.12%)
    ?
  • CMC Crypto 200

    1,308.28
    0.00 (0.00%)
    ?
  • FTSE 100

    8,343.85
    -1.61 (-0.02%)
    ?
  • Nikkei 225

    38,371.76
    +83.14 (+0.22%)
    ?

Ford stalls, Pandora gets tuned out, Abercrombie falling

Shares of Ford (F) doing some hard core off-roading with over a 3% drop today. The company said third quarter earnings came in at $0.21 a share, a dime shy of expectations. The best interpretation of Ford's weak revenues, in light of the strength in the rest of the industry, is that the company got caught transitioning to a new F-150 truck at exactly the wrong time. It is also worth pointing out that Ford's getting its butt kicked by rival General Motors (GM) which has done nothing but recall cars and apologize for causing more than 20 deaths due to faulty ignition switches.

Pandora (P) investors are taking a cue from listeners and tuning out. The stock is down more than 15% after the internet radio company said listeners grew to 76.5 million, that is little changed from figures released in June. Listener stats cancelled out the company's better-than-expected third quarter results of $239 million in revenue and earnings per share of $0.09, as well as increased guidance. Pandora's problems are due in part to strategy and tougher competition from big rivals like Apple (AAPL) and Google (GOOG), as well as smaller ones like Spotify. The stock has lost over 26 percent this year.

"Dump Abercrombie & Fitch (ANF) shares!" That's the advice from Goldman Sachs (GS) analyst Lindsay Drucker Mann. Investors are taking it too. The stock is down about 6 percent today on the downgrade. Mann says consensus is too optimistic ahead of earnings. She noted poor trends in the U.S. and fresh weakness in Europe. More specifically she highlighted deterioration in the high margin European business, ongoing weakness in the U.S., evidenced by seven consecutive quarters of negative same store sales growth, and unfavorable currency movements negatively impacting 3Q and 4Q international sales on a year-over-year basis. All this in her opinion will likely result in weaker than expected earnings when the teen retailer reports results.

Those are your Trending Tickers today. Tell us what stocks you're watching on Twitter using the hashtag #TrendingTickers

More from Yahoo Finance:

New home sales: better luck next year

Investors pile into bonds ahead of next volatility spike

Amazon Down 10%: The real reason why and how to trade it

 

 

 

Advertisement