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Sears Slumps, McDonald's Rises as Dow Drops 25 Points


image Michael Haddad

Hurricane Season. Stocks failed in their comeback bid Tuesday, and the market was heading lower Wednesday morning, with the Dow Jones Industrial Average slightly in the red and the Nasdaq getting hit. The Wall Street Journal reports Sears has hired advisors for a potential bankruptcy filing. In today's Morning Movers, we…

Not the Nasdaq S&P 500 Dow Jones Industrial Average Nasdaq Composite Earnings are here! Fastenal FAST Both were better than estimates we suspected going into the quarter More inflation concerns PPG Industries PPG lowered its guidance Axalta Coating Systems AXTA Akzo Nobel AKZOY apparently willing to pay disclosed a stake All that glitters recommended gold Storm watch Hurricane Michael nears Florida Beacon Roofing Supply BECN Generac Holdings Briggs & Stratton A different kind of storm Super Micro Computer a Chinese hack hurricane Alpha & Omega Semiconductor

Church & Dwight (CHD) is down 0.8% to $58.95 after Deutsche Bank downgraded it to Sell.

International Paper (IP) is up 1.9% to $45.47 after announcing a $2 billion share repurchase program and a 5.3% increase in its dividend. The stock was also cut to Neutral from Buy at Goldman Sachs.

McDonald's (MCD) is up 0.9% to $171.38 after Guggenheim upgraded it to Buy.

Sears Holdings (SHLD) has tumbled 25% to 44 cents on reports it is preparing to file for bankruptcy.

Take-Two Interactive (TTWO) gained 1.6% to $130 after Bernstein initiated coverage with an Outperform rating.

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: FAST , PPG , AXTA , AKZOY , BECN



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