Coca-Cola shares jumped more than 4% after the company posted earnings and revenue that topped analyst expectations. United Technologies advanced nearly 2%.US Marketsread more
The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a month-long truce.Marketsread more
In advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock.Trading Nationread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Check out the companies making headlines after the bell:
Ascena Retail stock plunged 20 percent in extended trading after the company posted weak guidance for the upcoming financial quarter. That news overshadowed earnings and revenue that met Wall Street expectations. In a statement Chief Executive David Jaffe called the most recent quarter "disappointing," due to "fashion missteps that we cannot afford in today's environment," hinting that the Ann Taylor parent company is combating the same pressures as are dragging stock of other big name retailers.
Shares of Coupa Software slid about 3 percent, despite posting better-than-expected quarterly results. The company posted an adjusted loss of 5 cents per share on $47.3 million in revenue. Analysts had expected the company to post an adjusted loss of 11 cents a share on $45.1 million in revenue, according to Thomson Reuters consensus estimates.
Stock of Under Armour wavered in the extended session after the company announced it had appointed David Bergman as chief financial officer. Bergman has been serving as acting CFO since early 2017. Under Armour also announced Chief Digital Officer Michael Lee will leave the company in Jan. 2018.
Advance Auto Parts shares briefly fell 4 percent in the extended session after Vice President Robert Cushing dumped 163 shares of the company. The stock had gained 4 percent in the normal session.