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Discover the companies that make the front page of the newspapers before Wednesday's marketing:
Levi Strauss – The jeans maker's shares fell more than 6% after posting a 17% drop in profits in the second quarter. The company said it was hit by a strong dollar and higher marketing and online costs.
Marriott International – The chain of hotels was continued Tuesday by the District of Columbia for its allegedly "misleading" tariff rate, which adds hidden fees to hotel bills. "Marriott has raised hundreds of millions of dollars in profit by misleading consumers about the actual price of hotel rooms," said Attorney General Karl Racine.
Comcast – Goldman Sachs has upgraded the parent company NBCUniversal and CNBC for it to "buy" from "hold" and raised its stock price target from US $ 44 to $ 54 per share. An badyst at the bank said Comcast was "well positioned to support double-digit growth" in earnings over the next five years as its Cable, NBCUniversal and Sky businesses have "strong fundamentals".
Tesla – The electric car maker's inventories rose 1.7% after Bloomberg News told employees to prepare for an increase in production.
AT & T – AT & T has unveiled a new broadcast service called HBO Max, which will include programming from CNN, Cartoon Network and Warner Bros. This new service will also have exclusive streaming rights to "Friends".
Deere – An badyst at UBS downgraded Deere from "neutral" to "neutral," noting, "While high grain prices are a positive indicator of future farm income, we expect demand for machinery to be limited until In the 2019 growing season ".
Helen of Troy – Home and beauty company stocks jumped more than 8% on quarterly numbers above expectations. Helen of Troy reported earnings per share of $ 2.06 on revenue of $ 376 million. Analysts surveyed by Refinitiv were expecting a profit of 1.68 USD per share for a turnover of 352 million USD. The company also raised its earnings and earnings forecasts for the year.
Redfin, Zillow – Redfin and Zillow were launched with SunTrust's buy ratings. Analysts said Redfin has a sizeable total addressable market, which offers a "significant growth track in a fragmented market". On Zillow, SunTrust said its growing scale could result in "free" and "significant" free cash flow and long-term earnings growth.
United Parcel Service, FedEx – UPS and FedEx were launched with the "buy" rating by a Goldman Sachs badyst. The badyst said he saw UPS's upside potential of 21 percent over current levels given its growth potential thanks to "robust trends in e-commerce". The badyst also said that FedEx had an attractive valuation.
CNBC's Michael Bloom contributed to this report.
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