Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Buffalo Wild Wings (BWLD) shares roared higher Tuesday morning after Roark Capital offered a takeover bid worth $2.3 billion. Yesterday, the restaurant chain’s market value hit $1.8 billion. Buffalo Wild Wings has struggled in the past few years but reported positive earnings last quarter thanks to cost savings.
Dick’s Sporting Goods (DKS) stock fell in early trading after the company reported a weak outlook for 2018 despite earnings and revenue that beat last quarter. Dick’s CEO says the company plans to invest in its private brands and focus on e-commerce to boost profits.
Amazon (AMZN) is making a deal in China. Amazon Web service is selling parts of its cloud business to its partner Beijing Sinnet Technology in a deal worth over $300 million. According to AWS, Chinese law forbids non-Chinese companies from owning or operating certain cloud tech. As a result, in order to continue business in one of the world’s largest economies, Amazon is selling certain assets to continue operating in China.
Roku (ROKU) continues to rocket higher. The stock hit record highs Monday after it announced it signed a licensing deal with Phillips. The TV maker will now put Roku tech on its smart TVs as soon as this year. The streaming service also announced a $20 discount for Black Friday and a separate free trial with DirectTV Now. Roku shares have been on a tear since the company announced stronger-than-expected results last week.