Market Focus

Delta Airlines

Delta saw its June revenue rise, but less than it had previously forecast. It cited lower than expected international yields and lower business demand to Latin America because of the World Cup. That sent shares down by five percent to $38.24. Other airlines fell in sympathy.

Constellation Brands

Investors cheered Constellation Brands as the company posted an earnings beat. The results were also helped by its acquisition of beer maker Grupo Modelo. It also upped its full-year outlook. The stock was up more than two percent to $90.45.

Boeing

Boeing signed a nearly $3 billion contract with NASA to develop the core stage of the Space Launch System, which is set to be the most powerful rocket ever built and may one day take astronauts to Mars. Despite the news, shares of Boeing fell a fraction to $127.62.

Greenbrier

Shares of Greenbrier popped on its earnings report. The railroad car maker upped it full-year forecast after it announced better than expected quarterly results thanks to an increase in deliveries. The stock jumped almost 12 percent to $64.61.

Shutterfly

A similar story at Shutterfly shares soared on speculation the online photo sharing service is putting itself up more sale. Reportedly, the company is working with a boutique investment bank Qatalyst Partners, but the discussions are at an early stage. The stock jumped 15 percent to $50.

Rackspace

Rackspace is taking a different path, the cloud service provider is reportedly considering taking itself private and it’s in talks with a private equity firm to fund the deal. The option to go private is said to have come amid three acquisition bids for the company. Shares rose more than six percent to $35.88.

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