The markets ended their wining streak today as the Dow 30 lost 19 (-0.11%), the S&P 500 lost 3 (-0.17%), and the Nasdaq 100 lost 16 (-0.32%). Tomorrow will likely finish with a day of active trade as unemployment rate and consumer sentiment numbers are coming out early.
SolarCity (SCTY ) lost 1.78% today as Baird raised its rating on SolarCity to outperform from neutral with a $37 price target. Baird notes that it believes "negative sentiment is overdone" and thinks shares are attractive at current levels. Shares remain just off 52 week lows.
Restoration Hardware (RH ) lost a whopping 21.24% today as the company reported a loss in its latest quarter and warned its profit would plunge as much as 40% this fiscal year. Restoration Hardware's new line of modern furniture weighed on results, as production delays and product shortages slowed business.
LinkedIn (LNKD ) continued its slow uptrend today gaining 1.99% as RBC Capital's Mark Mahaney upgraded LinkedIn to outperform from sector perform and raised his price target to $160. Mahaney noted the company is well positioned in its sector and has a clear lead over competitors in the online recruiting and career space.
Vail Resorts (MTN ) popped 2.93% today as the company reported mixed results for its fiscal third-quarter earnings. Revenue climbed 12% to $647.5 million, slightly missing analyst expectations, while earnings per share of $4.23 topped estimates by 3 cents. Vail Resorts also said overall lift revenue climbed 17%, ski school sales rose 12% and dining increased by 16%. Shares finished at fresh 2016 highs.
PepsiCo (PEP ) popped 0.47% today as the Wall Street Journal reported that PepsiCo may announce another change to Diet Pepsi this week. Sales of Diet Pepsi fell 12% year over year after the company introduced a new version of the beverage last year which was reformulated with sucralose.
