DRI, NAV, FDS, WMT, GM, AAPL & extra

Try which firms are making headlines earlier than the bell:

Darden Restaurants – The Olive Backyard guardian earned an adjusted 73 cents per share for its second quarter, three cents a share above estimates. Income additionally beat forecasts and Darden raised its full-year forecast.

Navistar – The truck maker reported fourth-quarter revenue of $1.36 per share, effectively above consensus estimates of 64 cents a share. Income additionally beat forecasts, and Navistar CEO Troy Clarke referred to as 2017 a “breakthrough yr.”

FactSet – The supplier of monetary market info beat estimates by 6 cents a share, with adjusted quarterly revenue of $2.04. Income did fall barely beneath estimates, however CEO Phil Snow stated FactSet is making significant progress in integrating latest acquisition and is getting into the brand new yr with robust earnings progress.

Walmart – Citi upgraded the retail large to “purchase” from “impartial,” saying it made a mistake “sitting on the sidelines” this yr. Citi stated it now believes there’s extra upside to return for the inventory, particularly contemplating that shares like Costco and Home Depot are buying and selling at premiums to Walmart.

General Motors – The automaker’s inventory was upgraded to “outperform” from “sector carry out” at RBC Capital Markets, which stated it would not anticipate North American profitability can be down as a lot in 2018 as beforehand forecast.

Apple — Apple was downgraded to “impartial” from “purchase” at Nomura/Instinet, which believes features associated to iPhone X upgrades have largely been realized and priced into the inventory.

Michael Kors – The luxurious items vendor was rated “purchase” in new protection at Needham, which praises the corporate’s turnaround strikes and stated they may result in upside earnings steerage.

Chicago Bridge & Iron – CB&I agreed to be purchased by McDermott International in an all-stock transaction value about $6 billion. The 2 firms present building and engineering providers for the oil and gasoline industries.

MetLife — MetLife is underneath scrutiny by regulators in each Massachusetts and New York, after the insurance coverage firm stated final week that it had not paid pensions to hundreds of retirees. MetLife did say that the group lacking out on funds symbolize lower than 5 % of those that obtain some kind of profit from its retirement enterprise, and that it was dedicated to fixing the difficulty.

Cars.com — Activist investor Starboard Worth now has a 9.9 % stake within the on-line auto market operator, in line with a Securities and Trade Fee (SEC) submitting. Starboard believes the inventory is undervalued and that it could possibly enhance its revenue margins, in line with The Wall Avenue Journal. Vehicles.com was spun off from Tegna, the corporate previously often known as Gannett.

Roku — An SEC submitting revealed that Morgan Stanley has a passive 5.1 % stake within the maker of streaming media units.

Extended Stay America – Prolonged Keep named chief monetary officer Jonathan Halyard as its Chief Govt Officer, efficient January 1. The lodge operator’s present CEO Gerry Lopez will transition to the function of Senior Advisor and stay in that place till March 18, 2018.

Altria — Altria was upgraded to “purchase” from “maintain” at Berenberg, which stated the tobacco producer will profit from tax modifications contained within the invoice to be voted on by Congress this week.

Express Scripts – The pharmacy advantages administration firm approved a rise within the variety of shares which may be repurchased underneath its buyback program. An extra 45 million shares have been added to this system, bringing the full authorization to 375 million shares.

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