Some of the names on the move ahead of the open.
div > div.group > p:first-child"> American Eagle Outfitters — American Eagle reported quarterly profit of 43 cents per share, beating estimates by a penny a share. The apparel retailer's revenue fell slightly short of Wall Street forecasts, however and American Eagle forecast weaker-than-expected current-quarter profit as it spends more on marketing and new store openings.
General Electric — GE has hired an investment bank to explore a possible sale of its stake in a renewable energy joint venture, according to a Reuters report. GE is partners with Italy's Enel in the venture, and the stake is said to be worth more than $1 billion. Five Below — Oppenheimer initiated coverage of the discount retailer with an"outperform" rating, citing Five Below's continued ability to thwart unfavorable trends within the retail sector.
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