It’s time for your daily dose of trending tickers, the stocks you’re following based on your Yahoo Finance ticker searches.
Nike (NKE) – The athletic retailer reported a 20% jump in profit in the third quarter, topping Wall Street estimates. But the strong dollar weighed on sales, as Nike reported weaker-than-expected revenue and gave a cautious outlook. Nike reported earnings on the heels of introducing new innovative products last week, including self-lacing shoes.
Credit Suisse (CS) – The Swiss bank announced plans to cut another 2,000 investment bank jobs as revenues decline. Credit Suisse warned trading revenues at its Global Markets division were set to fall up to 45% from the first quarter of 2015.
BP (BP) – The federal government is pushing for final approval of the $20 billion BP oil spill. Federal lawyers on Tuesday formally asked a judge in New Orleans to accept the agreement.
General Mills (GIS) – The company’s profit topped Wall Street estimates, but sales fell short of expectations. General Mills reported earnings per share of $0.65 on revenues of $4.0 billion.
Merck (MRK) – A federal jury upheld the validity of two Merck patents in a dispute with Gilead Sciences (GILD). Gilead could be forced to hand over a portion of its revenue from its blockbuster cure for hepatitis C.
Oracle (ORCL) – The company is taking its battle with Hewlett-Packard Enterprise (HPE) to court. Oracle filed a lawsuit alleging Hewlett-Packard Enterprise helped a partner company illegally sell software support for Oracle’s Solaris operating system.
