Here are some of the stocks the Yahoo Finance team will be tracking for you today.
JPMorgan Chase (JPM) shares were up sharply in early trading after the largest US bank by assets posted a beat on both its top and bottom lines for the second quarter, as revenue jumped nearly 3% from a year ago thanks to an increase in fixed income trading, loan growth and lower expenses.
Yum Brands (YUM) shares got a nice pop this morning. The company behind KFC, Taco Bell and Pizza Hut raised its profit outlook for this year after same-store sales growth in China continued to improve in the second quarter. The fast food giant now projects core operating profit growth of at least 14% this year. This comes ahead of its spinoff of its China operations later this year. The company is also reporting better-than-expected earnings, but revenue slightly missed estimates.
Viacom (VIAB) may be going ahead with plans to sell a 49% stake in its Paramount Pictures movie studio to China’s Dalian Wanda Group, according to various reports. This comes amid a bitter courtroom battle between Viacom CEO Philippe Dauman and Shari Redstone, Viacom’s vice chairman and the daughter of ailing controlling shareholder Sumner Redstone.
Alphabet, the parent company of Google (GOOGL), in focus this morning. The European Union is filing new charges against the tech giant. The EU claims Google is violating antitrust rules by implementing restrictions on how independent websites show ‘search ads’ from their rivals. The EU says this prevents existing and potential competitors from growing in the market place.