Market Focus

Domino’s Pizza

Domino’s Pizza delivered better than expected results. The pizza chain beat forecasts on both the top and bottom lines. Its results were strong overseas and in the U.S., with same store sales rising more than expected. Shares popped 11 percent to $84.30.

Wolverine World Wide

It was a mixed quarter for Wolverine World Wide. The show retailer’s earnings topped consensus estimates, but revenue didn’t. The maker of Hush Puppies and other footwear brands also lowered its sales outlook for the year. Still, the stock rose 79 cents to $25.44.

Pfizer

A set back for Pfizer’s high-profile quit smoking drug called Chantix. The Food and Drug Administration recommended the drug maker keep a black box warning on the label. The controversial treatment has some sever side effects, including suicidal thoughts and erratic behavior. Shares of the drug maker were off just a penny to $28.49.

Signet Jewelers

Some executive shuffling at Signet Jewelers. The CEO of the company, whose brands include Kay Jewelers and Jared the Galleria of Jewelry, has resigned and announced he will also step down from the board. He’ll be succeeded by the current president and COO. Signet shares fell more than three percent to $104.32.

Skyworks Solutions

Semi-conductor stocks have fallen hard recently, but today a few of those chipmakers have turned around, thanks to an upbeat forecast from Skyworks Solutions, a supplier for Apple. Skyworks raised its quarterly profit and revenue forecast citing strength across its businesses. The promising outlook sent shares of Skyworks up almost eight percent and two other chipmakers, RF Micro and TriQuinta rose more than three percent.

Airlines

Airlines bounced back today. Part of the rise is being attributed to today’s sharp decline in oil prices, which in turn would push jet fuel prices lower. Following a turbulent month for Airlines, American Airlines surged more than ten percent. United Continental, Delta, JetBlue and Southwest all saw sizable gains.

CSX

After the bell rail operator CSX reported better than expected earnings and revenue. This on an increase in freight volume. Shares have been up on reports that Canadian Pacific is interested in a merger. CSX rose initially after hours trading. During the regular session shares were up about three percent to $32.61.

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