Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
Micron ( MU ) tops our list. The semiconductor company is buying back $10B worth of shares and working with Intel to make new chips. Earlier this year Micron raised its third quarter guidance. The stock is up nearly 35% so far this year.
Advanced Auto Parts ( AAP ) is skidding out. The car parts retailer just reported a miss on sales and revenue for its first quarter. It did however beat on EPS and net income. The company is in the second year of a planned 5-year restructuring.
Dunkin’ Brands ( DNKN ) is getting a jolt today. The coffee and doughnut chain’s board is approving a $250M share buyback program. That’s on top of a $650M dollar stock buyback approved earlier this year.
Adobe ( ADBE ) is making its biggest deal in almost a decade. The software company is buying e-commerce services provider Magento for nearly $1.7B in cash from private equity firm Permira. Adobe expects the deal to boost its Experience Cloud business, which provides clients with analytics, advertising and marketing. The transaction is expected to close during Adobe’s fiscal third quarter.
Amazon ( AMZN ) has tapped a former NBC executive to help run its TV programming. Vernon Sanders joins Albert Cheng to co-head Amazon’s television unit. The two replace Roy Price, who resigned last fall following sexual assault allegations. During his time at NBC, Sanders oversaw hits including 30 Rock and This Is Us.