Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today. There’s more disappointing results from the retail sector.
Michaels (MIK) stock fell in early trading. The arts-and-crafts retailer cut its same-stores sales outlook for the current quarter after it posted a miss on both its top an bottom lines for the first quarter.
Lands End (LE) is also struggling this morning. The retailer, which was spun off from Sears (SHLD) in 2014, is reporting a wider-than-expected loss for last quarter. Revenue also missed analysts’ estimates. However, same-store sales rose more than 2%.
Tesla (TSLA) got a price target increase ahead of its shareholder meeting later today. Pacific Crest expects Tesla shares to rise to $439. That’s a jump of more than 26% from where the stock is currently trading. The firm says the reason for the bullish move is the launch of its Model 3 sedan next month. However, Pacific Crest still maintains a sector weight on Tesla’s stock because it believes profitability is likely to underwhelm.
Investors are also keeping close tabs on shares of Dish Network (DISH) after a judge ordered the satellite TV provider to pay a record $280 million in fines and damages to the federal government and four states to resolve a lawsuit over “robocall” telemarketing.