Roku surges after rockin' quarter, Snap gets downgraded—again, Walmart offers early Black Friday deals

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Roku (ROKU) surged early Thursday after quarterly sales and profits crushed the Street’s estimates. This is the first profit report for the streaming video company since going public two months ago. This quarter Roku added DirectTV Now and Hulu to its lineup and is working on expanding its ad business.

Snap (SNAP) can’t seem to catch a break. Morgan Stanley, one of the company’s IPO underwriters is downgrading the stock to underweight with an $11 price target following another disappointing profit report. The analyst originally initiated coverage on Snapchat’s parent company at Overweight in March. Snapchat is struggling in a bunch of areas including competition from Instagram, low sales of its spectacles and lack of user growth.

D.R. Horton (DHI) beat on EPS and revenue for its fourth quarter. The homebuilder also saw an 18% jump in orders compared to last year and announced a dividend hike. D.R. Horton, along with other homebuilders, oppose the House Republican Tax Cut and Jobs Act because of the mortgage deduction limit.

Walmart (WMT) is gearing up for its busiest shopping season. The retailer says stores will feature color-coded sections for different product categories on Black Friday so that shoppers can easily find deals. Walmart will kick off Black Friday online at 12:01 a.m. Eastern on Thanksgiving morning and at 6 p.m. local time in its stores. However, it is already trying to lure holiday shoppers with some early bird specials on items such an Acer Aspire ES Laptop, the Xbox One S Console Bundle and Sky Rider Falcon 2 Pro Drone starting today through Nov. 12. A full list of Walmart’s Black Friday deals are available on their website.

 

 

What to Read Next