Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.
The T-Mobile (TMUS), Sprint (S) merger tops our list. T-Mobile CEO reportedly told Sprint he did not want the deal to fail. This after Sprint Chairman Masayoshi Son reportedly called off talks after a revised offer from T Mobile. Son believes Sprint is too important of a strategic asset to give up control and expects millions of devices, including robots, to one day be connected to wireless networks.
It’s a big day for Apple (AAPL). The tech giant’s shares hit a record high early Friday sending its market cap $900 billion after reporting blowout earnings for the third quarter. Apple’s iPhone X hit store shelves today, drawing huge lines around the world.
Starbucks (SBUX) posted disappointing sales for last quarter. The coffee retailer also announced plans to sell its Tazo tea brand to Unilever. Shares initially fell on the news but have since bounced back.
Activision Blizzard (ATVI) is scoring big points. The Destiny game maker raised its full year guidance after beating big on earnings and revenue for the last quarter. Despite reporting a dip in monthly active users, all of its gaming segments beat revenue expectations.
Amazon (AMZN) may have finally met its match. The e-commerce giant is ending its Fresh grocery delivery service for select areas around the world at the end of month. Amazon launched its Fresh Grocery business over a decade ago but it wasn’t able to make a dent in the grocery space. The e-commerce giant will now focus its grocery efforts on its Whole Foods acquisition.
Pandora (P) is singing a sad tune this morning. Shares of the streaming music company sank after earnings and revenue missed the mark. The number of active listeners also disappointed. On the flip side, Pandora’s premium subscribers did grow past 1 million. Pandora is working to protect its market share from rivals Spotify, Apple, Google (GOOGL), and others.