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Morning Movers: Hope Fades…and Fades…and Fades


Stocks look like they won't be able to hold onto yesterday's tepid gains.

ON-CI510_binocu_D_20171110201810.jpg Getty Images

Today's big winner looks like Advanced Auto Parts (AAP) soared 14.1% after its third-quarter earnings were well ahead of analysts estimates, although its revenue fell short of expectations. It also reaffirmed its full-year same-store sales guidance. The news helped boost fellow auto parts supplier O'Reilly Automotive (ORLY), up 3.1%.

Buffalo Wild Wings (BWLD) is up 26% on rumors that Roark Capital has made a bid to buy the company for $150 a share.

However, elsewhere stocks making waves were mostly falling.

TJX Cos. (TJX) is down 5.5% after its reported an in-line third quarter, but its guidance for the fourth quarter was a few pennies shy of consensus.  The news weighed on Ross Stores (ROST) as well, which is falling 2.3%.

Dick's Sporting Goods (DKS) is down 4.3% despite reporting a better-than-expected quarter, as its disappointing full-year forecast disappointed investors.

Cognizant Technology Solutions (CTSH) is down 5.4% after Starboard Value reduced its stake  in the shares and Kerrisdale Advisers closed its position.

PulteGroup (PHM) is falling 2% after Buckingham Research cut it to Hold from Buy.

JD.com (JD) is down 1.5% after Morgan Stanley cut it to Equal Weight from Overweight.

Hilton (HLT) is down 1% after Goldman Sachs removed it from its Conviction Buy List.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , US Markets
Referenced Symbols: AAP , ORLY , BWLD , TJX , ROST


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