Morning Movers: Philip Morris Flops, Starbucks Gains, American Express Soars

Stocks look set for a higher open this morning amid solid earnings from companies like American Express (AXP), and a rebound in oil prices following yesterday’s rout.

S&P 500 futures have risen 0.3%, while Dow Jones Industrial Average futures have advanced 0.2%. Nasdaq Composite futures have gained 0.4%.

American Express (AXP) has climbed 2.6% to $77.50 after beating earnings and revenue forecasts.

CSX (CSX) has jumped 5.5% to $49.53 after the railroad operator reported stronger-than-expected earnings and revenue.

Steel Dynamics (STLD) has gained 2.4% to $33.48 after the steel maker beat first-quarter earnings forecasts.

United Rentals (URI) has dropped 4.4% to $114.24 after beating earnings forecasts but missing on revenue.

Foot Locker (FL) has rallied 3.2% to $74.95 despite warning that weaker-than-expected first-quarter sales ding profits.

Gap (GPS) has risen 1.8% to $24.66 after getting upgraded to Neutral from Underweight at JPMorgan.

Philip Morris International (PM) has fallen 3% to $110.50 after missing earnings forecasts and offering disappointing guidance.

Starbucks (SBUX) has advanced 1.5% to $59.90 after getting upgraded to Buy from Hold at Stifel.

Sherwin-Williams (SHW) has gained 3.6% to $322.60 after beating earnings and revenue forecasts.
Source: Barrons

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