Lowe's gets hammered, WPP warns of ad spending slowdown, Samsung Galaxy Note 8 debuts

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Lowe’s (LOW) is at the top of our list. The stock got getting hammered after the home improvement retailer reported a miss on both its top and bottom lines for the second quarter. Lowe’s cut its earnings outlook for the year as it looks to capitalize on strong traffic trends. It plans to spend more on marketing and increase employees hours.

Shares of Salesforce.com (CRM) were lower in early trading, even though the cloud-service firm reported slightly better-than-expected earnings and revenue for last quarter and raised its profit outlook for the year. However, according to FactSet billings growth guidance for the current quarter of 8% missed forecasts, and there was some talk of disappointment that company did not raise margin outlook.

US-listed shares of WPP (WPPGY) sank on Wednesday. The world’s biggest advertising company cut its revenue outlook for the year amid a slowdown in ad spending by some of its biggest clients, mainly consumer brands in North America.

Whole Foods (WFM) shareholders vote on whether to go ahead with Amazon’s (AMZN) $13.7 billion offer to buy the company. Shareholder approval is just one step needed to close the deal. Government regulators also have to give their blessing.

Samsung (005930.KS) is also in the spotlight. The South Korean tech giant unveiled its new Galaxy Note 8 this morning. This is Samsung’s last chance to wow customers before Apple’s (AAPL) iPhone 8 launch, which is expected next month. Samsung’s new device has dual-lens camera setup, which includes one wide-angle lens and one telephoto lens. It’ll also has an updated version of Samsung’s voice assistant, Bixby, and fit with the rest of the Samsung ecosystem. The Galaxy Note 8 will be available for pre-order on Aug. 24 and launching Sept. 15. 

Related:  Galaxy Note 8 preview: Samsung’s big bet

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