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The enterprise storage leader fell in spite of a strong quarterly earnings announcement. Here's what investors need to know.
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The athletic footwear and apparel giant dropped on the pain of two closely related businesses. Here's what investors need to know.
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 Georgia Power, a subsidiary of Southern Co. , said Wednesday that 95% of its customers who were impacted by Hurricane Irma should have power restored by Sunday night. By Tuesday night, 60% of the customers impacted, or about 590,000 customers, had service restored. The Atlanta-based utility said about 360,000 of its customers are currently without power. The company said there have been more than 12,000 cases of individual damage or trouble, which includes broken poles and lines. Southern's stock, which was inactive in premarket trade, has gained 2.7% so far this month, while the SPDR Utilities Select Sector ETF has lost 0.1% and the S&P 500 has tacked on 1.0%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Shares of Cracker Barrel Old Country Stores Inc. was indicated up over 2% in premarket trade Wednesday, after the restaurant and country store chain beat fiscal fourth-quarter profit expectations, offsetting a sales miss. Net income for the quarter to July 28 rose to $53.9 million, or $2.23 a share, from $51.0 million, or $2.12 a share, in the same period a year ago. The FactSet consensus for earnings per share was $2.17. Revenue fell 0.3% to $743.2 million, missing the FactSet consensus of $746.7 million. Same-store sales declined 1.7%, compared with the FactSet consensus of a 0.6% decline, while the average check increased 0.9%. Looking ahead, the company expects fiscal first-quarter EPS of $1.85 to $1.95 and fiscal 2018 EPS of $8.85 to $9.00, compared with the FactSet consensus for first-quarter EPS of $2.10 and for 2018 EPS of $8.89. "As we enter the new fiscal year, we anticipate the environment to remain challenged, yet are confident in our plans to invest in the long-term growth of the company," said Chief Executive Sandra Cochran. The stock has lost 9.4% over the past three months through Tuesday, while the S&P 500 has gained 2.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Time Inc. announced Tuesday that Nancy Gibbs is stepping down as editor-in-chief of Time magazine at the end of the year. A successor is expected to be named soon, Time said. Gibbs has spent 32 years working at Time, including four as the magazine's first female editor-in-chief. Gibbs is credited with revamping Time's digital operations that has doubled the magazine's overall audience under her tenure. "Nancy successfully ushered Time into a new era," the company said in a statement. "She is leaving Time in a strong position, with the biggest audience in its history and more innovations ahead." Gibbs said she's "grateful for every single day I've spent at Time, but it's time for another chapter." Time shares are down 4% in the past three months, and down 25% year to date, compared to the S&P 500's gains of 3% and 12%, respectively.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Technology's a great thing when used by society to better itself. Often, when investors think of great technology, companies like Tesla Inc. (TSLA) and Amazon.com, Inc. (AMZN) spring to mind.
However, truth be told, technology is used by all kinds of businesses to make their companies more efficient.
"In ten years, every company will have to be an artificial intelligence company, or they won't be competitive," Loup Ventures Managing Partner Doug Clinton wrote in a July blog. "While traditional tech companies have been very forward about their advancements and investments in AI, there are non-tech companies that are poised to benefit from their efforts in AI."
While many investors are looking for the next big technology stock, a small minority are less concerned about the technology itself, but rather how the technology is used by a non-tech company to create a wider moat.
I've come up with seven non-tech stocks using technology to win.
Prices and data are from the original InvestorPlace story published on September 6, 2017. Click on ticker-symbol links in each slide for current prices and more.
SEE ALSO FROM KIPLINGER: 7 Reliable Dividend Stocks to Buy Now
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Shares of Nordstrom Inc. jumped in the extended session Tuesday following a report that the retailer is taking steps to go private. Nordstrom shares, which jumped more than 10% following the report, were last up 7.7% at $48.52 after hours, following a 0.7% rise in the regular session. Late Tuesday, CNBC reported that Nordstrom family members were close to choosing private-equity firm Leonard Green & Partners to help fund about $1 billion for a buyout. At the close, Nordstrom had a market cap of $7.49 billion. The Nordstrom family is reportedly talking to banks to secure up to $8 billion to finance the deal. Nordstrom family members own just over 30% of outstanding shares, according to FactSet.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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