Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
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Take a look at some of Thursday's early movers:
Macy's — The retailer said it has reached a tentative deal with the union representing workers at its flagship New York City store to avoid a strike over work schedules and health care costs, the Associated Press reported.
Ctrip.com — The Chinese travel services firm reported a year-over-year increase in gross margin and an 80 percent rise in net revenue to $648 million in the first quarter of 2016. The company expects net revenue growth to continue at a roughly 70 to 75 percent rate in the second quarter. Diluted earnings per American depositary share was negative 3.49 yuan, or a 54 cent a share loss for the quarter, according to a release. Excluding share-based compensation charges on a non-GAAP basis, diluted earnings per share were 9 cents a share.
Yahoo — Citi upgraded the stock to "buy" from "neutral," citing "a more compelling risk/reward" that included more credible reports on the auction process, as well as Alibaba's recent positive outlook and agreement to repurchase shares from Softbank. Citi also raised its price target for Yahoo to $43 a share, representing a 15 percent upside from Wednesday's close.
Rite Aid — The drugstore chain reported adjusted quarterly earnings per share of 1 cent a share, versus 2 cents a share the same period last year. Revenue rose 23 percent to $8.2 billion, slightly below expectations, while same-store sales increased 0.4 percent. The firm said it expects to close its previously announced merger with Walgreens Boots Alliance in the second half of calendar year 2016.
Jabil Circuit — The Apple supplier reported quarterly earnings, ex-items, of 17 cents a share, versus expectations of 16 cents a share. Revenue of $4.31 billion also topped expectations. However, fiscal fourth quarter guidance was weak. Jabil also announced a $400 million stock buyback program.
Wal-Mart Stores — The retail giant said late Wednesday it is cutting up to 1,500 jobs in accounting and other back-office positions at stores in the Western region of the United States, the Associated Press reported, noting those employees are expected to be offered positions with direct shopper contact.