The "Fast Money" traders share their final trades of the day.» Read More
Some of the names on the move ahead of the open.
*Lowe's Cos falls in premarket after cutting outlook. *Hertz tumbles after withdrawing forecast. *Lowe's Companies lost 3.1 percent to $49.91 before the opening bell after the world's No. 2 home improvement products retailer posted better-than-expected second quarter results but cut its full-year sales forecast.
The company previously forecast full-year 2014 adjusted profit of $1.70 to $2 per share on revenue of $11.4 billion to $11.7 billion. Hertz said in June that it would restate or correct financial results for the past three years to fix accounting errors originating in 2011..
NEW YORK— Rental car company Hertz on Tuesday said it was withdrawing its annual profit guidance because of "operational challenges" posed by auto recalls, an accounting review and other problems. Earlier this month, Hertz delayed filing its second-quarter results because of that review.
Aug 19- Hertz Global Holdings Inc said it is withdrawing its full-year forecast and expects earnings to be well below its previous guidance due to challenges in the rental car and equipment businesses and costs related to its review of the past three years' financial results.
Check out which companies are making headlines after the bell Tuesday: Elizabeth Arden, La-Z-Boy & more.
Despite overseas unrest, Cramer thinks the backdrop for stocks is relatively bullish. Here's what's on his calendar.
Ridesharing app Uber announces a service aimed at making the company more valuable for business travelers.
"At at this point, I think the company has gotten past many of the problems that have kept it down,” Jim Cramer said.
Larry Robbins' big idea for companies is debt—loads of debt at a time when rates are still low but ready to rise.
Companies making headlines after the bell Wednesday: Bed Bath & Beyond, Cinedigm & more
Investors may not be able to directly cash in on Uber's success, but can instead look at car rental companies it will be disrupting—Hertz and Avis.
The "Fast Money" traders share their final trades of the day.
LONDON, June 18- Hertz, the second biggest U.S. car rental firm, is looking to broaden its business and could allow its cars to be rented via Uber and its controversial smartphone app, Group President Michel Taride told Reuters on Wednesday.
While many scoff at Uber's $18 billion valuation, the revenues of the taxi business and high profit margins suggest it may be worth more.
*Hertz Global falls, to restate financial results. NEW YORK, June 6- U.S. stocks rose on Friday, with the Dow and the S&P 500 closing at records, after the May payrolls report provided the latest confirmation of improving economic conditions.
Hertz, along with Avis Budget Group Inc and privately held Enterprise Rent-A-Car, the market leader, together control about 90 percent of the U.S. car rental market. Friday's trading erased all of the gains so far this year for shares of Hertz, whose shareholders include Larry Robbins' Glenview Capital Management LLC and Daniel Loeb's Third Point Capital.
*Hertz Global falls, to restate financial results. NEW YORK, June 6- U.S. stocks rose on Friday, with major indexes extending a rally that has taken them to repeated records, after the May payrolls report provided the latest confirmation that economic conditions were improving.
Some of Friday's midday movers:
Hertz Global Holdings said it would restate financial results for the past three years to correct accounting errors from 2011.