Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
DSW (DSW) just reported a beat on earnings and revenue in the first quarter. The company’s CEO credited a new customer loyalty program for helping boost sales. The board also just approved a $0.25 per share cash dividend.
It looks like the time is right for Movado (MOV). The watchmaker is reporting a big beat on profit and a 22% sales spike in the first quarter. The CEO says the company saw strength across all regions, including in international markets, at outlet stores and through e-commerce.
Amazon (AMZN) is expanding discounts for Prime members at Whole Foods. Starting today, members will be given an extra 10% off on specially marked items. This and other perks will begin in 121 stores across 12 states. Amazon plans to roll out the benefit to all of its Whole Foods 365 stores by the end of this summer.
Microsoft (MSFT) has overtaken Google parent Alphabet (GOOG) on the list of the world’s most valuable companies. After Tuesday’s close, Microsoft is now worth $749B. That’s about $10M more than Alphabet. Microsoft has seen its cloud computing business grow dramatically in recent years, as CEO Satya Nadella moves the company away from its traditional focus on software.
New trouble for Tesla (TSLA), and it’s controversial autopilot system. A Tesla Model S crashed into an unoccupied police SUV in Laguna Beach, California on Tuesday – and police say the driver told them that autopilot was engaged at the time. The driver suffered minor injuries. Tesla says the autopilot system “doesn’t make the car impervious to all accidents.”