There are at least eight companies’ shares that are worth watching on Monday. This included Movado Group, Inc (NYSE:MOV), Walt Disney Co (NYSE:DIS), Tiffany & Co. (NYSE:TIF), Deutsche Bank AG (USA) (NYSE:DB) and Mobileye NV (NYSE:MBLY).
- Movado Group, Inc (NYSE:MOV): The company reported 22 cents earnings per share for the fourth quarter missing estimates by a penny. Its revenue, which dipped 8.7 percent to $130.79 million, also fell short of the Street analysts’ expectations of $137.11 million. Going forward, the company expects net sales of $515 – $530 million and EPS of $1.40 – $1.55 for fiscal year 2018. This is sharply lower than the Street analysts’ predictions of $1.74 a share and revenue of $581.5 million. Following the downbeat outlook and disappointing numbers, the stock is trading down sharply.
- Sterling Construction Company, Inc. (NASDAQ:STRL): The company has been granted $22 million bridge project in California. The company indicated that the project, which would commence next month, would be completed by the middle of 2020.
- Deutsche Bank AG (USA) (NYSE:DB) is trading down after the company announced rights issue at a discount of 35 percent to last week’s price. The company will issue 687.5 million shares at Euro 11.65 a share. The rights issue, which opens on March 21, will close on April 6.
- Walt Disney Co (NYSE:DIS) is trading higher after reports indicated that its “Beauty and the Beast” grossed $170 million in opening weekend in North America.
- Shake Shack Inc (NYSE:SHAK) shares are upgraded to a Neutral rating by Wedbush. The brokerage had underperform rating previously.
- Mobileye NV (NYSE:MBLY) is looking for a sweetened offer from Intel Corporation (NASDAQ:INTC). The chip maker agreed to pay $15.3 billion o acquire the company last week.
- Tiffany & Co. (NYSE:TIF) shares are trading higher after William Blair upgraded the stock to an Outperform rating. The move comes on the heels of the company reporting better than expected earnings for the fourth quarter on Friday.
- Unilever plc (ADR) (NYSE:UL) shares are trading up in pre-market after reports emerged that the company is planning to divest some food brands for $7.44 billion or six billion pounds.