Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today
Vantiv (VNTV) tops our list this morning. It’s official. The US payments processor is buying British rival WorldPay (WPYGY) in a deal worth $10.4 billion. The merged companies will process about $1.5 trillion worth of payments annually around the world. The industry has seen consolidation as consumers opt to pay with smartphone or mobile payments instead of cash.
Mylan (MYL) shares have turned higher after trading lower for most of the morning. The pharmaceutical firm cut its outlook for the year after reporting earnings and revenue that missed analysts’ estimates. The industry continues to struggle with falling prices of generic drugs.
Priceline (PCLN) stocks fell sharply this morning. Even though the online travel company beat on both earnings and revenue last quarter, bookings that fell just short of analysts’ expectations. Priceline also gave a weak outlook for the current quarter. Going forward, the company says it will focus on its most important market, China.
Hertz (HTZ) shares were higher in early trading. Investors seem to be focusing on the positive. Even though the rental car company reported a much wider-than-expected loss, revenue matched expectations and the Hertz said it made significant progress in its turnaround plan.