Check out the companies doing headlines before the bell:
Starbucks — Outgoing Executive Chairman Howard Schultz said a recent slowdown in China sales is usually only temporary, as well as hinted at a possible collaboration with Alibaba founder Jack Ma. Schulz spoke at an event at the coffee chain’s Roastery store in Shanghai. Separately, Starbucks announced plans to eliminate plastic straws coming from all its stores globally by 2020.
PayPal – PayPal CEO Dan Schulman told Germany’s Handelsblatt newspaper in which the payment processing company is usually looking for further acquisitions as well as in which the idea is usually ready to spend up to $3 billion per year on M&A.
Twitter – Twitter suspended more than 70 million accounts in May as well as June to reduce the flow of misinformation, according to the Washington Post, which also said in which the pace of suspensions has continued in which month.
Altice US – The cable operator was upgraded to “buy” coming from “neutral” at Guggenheim Securities, which cited several initiatives in which the idea feels will improve results as well as an attractive valuation.
Helen of Troy – The personal care as well as household products maker reported adjusted quarterly profit of $1.87 per share, beating the consensus estimate of $1.46 a share. Revenue also beat forecasts, helped by a 30 percent surge in online sales as well as a nearly 15 percent rise in sales of its “Leadership Brands” such as Braun, Vicks, as well as Honeywell.
Avon Products – Avon sold its last U.S.-based cosmetics factory to France’s Fareva Group. The Wall Street Journal reports Fareva will continue to produce products for Avon at the Morton Grove, Illinois plant as well as doing private-label products for Walgreens Boots Alliance. Financial terms were not disclosed.
Groupon – Groupon is usually seeking a buyer, according to a Recode report which said in which executives at the daily deals company have stepped up their efforts to lure possible suitors. Alibaba, which already owns about six percent of Groupon, is usually said to be a potential buyer.
Michael Kors – Michael Kors was rated “buy” in brand-new coverage at HSBC, which set a cost target of $88 per share compared to a Friday close of $66.97. HSBC said the current valuation for Kors is usually “too low to ignore.”
Boeing – The aircraft maker struck a deal to sell four Poseidon maritime patrol jets to the brand-new Zealand government for $1.6 billion.
Walt Disney – Disney’s “Ant-Man as well as The Wasp” – the latest offering coming from its Marvel Studios – topped the weekend box office with $76 million in North American ticket sales.
Procter & Gamble – Procter & Gamble was downgraded to “hold” coming from “buy” at Jefferies. The firm said the consumer products giant is usually facing several challenges, including slowing market growth, US retail difficulties, emerging market volatility, as well as a stronger US dollar.
GameStop – Jefferies initiated coverage of the video game retailer using a “buy” rating, in anticipation of what the idea sees as a well-defined vision as well as execution plan under brand-new leadership.
Capital One Financial – Oppenheimer upgraded the financial services to “outperform” coming from “perform,” citing an improvement in delinquencies as well as consensus earnings forecasts in which Oppenheimer feels are too low.