Stocks to Watch: BCS, LTD, COST & More
Senior Producer, CNBC
Take a look at some of Thursday's morning movers:
Barclays - Moody’s Investors Service has cut its outlook for the bank because of the disruption caused by the Libor-fixing scandal. Barclays’ standalone financial strength has been lowered to “negative” from “stable.” Standard & Poor's has also cut its outlook for Barclays to "negative."
Limited Brands - The retailer reported a same-store sales increase of 7 percent for June, well above analyst estimates of a 2.4 percent increase.
Costco Wholesale - The warehouse retailer saw same-store sales rise 3 percent in June, below analyst estimates of a 3.7 percent rise.
Apple - Apple has suffered a court defeat in a case involving Taiwan’s HTC, with a London court ruling that HTC’s devices do not infringe Apple patents.
Best Buy - The electronics retailer is said to be testing a new design strategy for smaller stores that borrow heavily from the look of Apple’s retail outlets, according to The Wall Street Journal.
Regal Entertainment - Wedbush has lowered earnings estimates for the movie theater operator, based on information in Regal's most recent quarterly report.
Ad agency stocks like WPP Group, Interpublic Group, Omnicom, and Monster Worldwide might draw some interest, after French agency Publicis Groupe announced a deal to buy rival BBH and its partly owned Brazilian affiliate for an undisclosed price.
Autonation - The auto retailer reports June new vehicle sales increased by 38 percent compared to the same month a year ago.
Real Networks - The company says President and Chief Executive Officer Thomas Nielsen has resigned, with Chairman Rob Glaser named as interim CEO.
—By CNBC’s Peter Schacknow
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