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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Coach shares soar; Sprint rises on narrower loss; Lockheed Martin, Leidos agree to $5B deal

Seana Smith
·Host

Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

Coach

Coach (COH) shares are moving higher in early trading after the company reported improving sales. The luxury handbag maker’s total sales rose for the first time in 10 quarters, climbing 7% while revenue increased 4.4% to $1.27 billion. Coach posted double-digit sales growth in China, despite a slowdown in the region that is hurting other U.S. companies.

Sprint

Sprint (S) is soaring following its quarterly results. Investors cheered after the wireless carrier reported a smaller than expected loss, helped by cost cuts. Sprint posted a net loss of $0.21 per share while its net operating revenue dropped to $8.11 billion.

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Lockheed Martin

Lockheed Martin’s (LMT) stock is taking a hit today. Shares are lower after the company announced it will separate its government IT business and combine it with national security firm Leidos Holdings. The deal is worth $5 billion and the move shifts the contractor’s focus to its core aerospace and defense units.