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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

J.C. Penney comeback, Nordstrom up; El Pollo Loco's crazy selloff

Bill McColl

Here are some of the stocks the Yahoo Finance team will be watching for you today.

J.C. Penney (JCP) The struggling retailer's turnaround plan appears to be working, as its second quarter loss was less than forecast...and revenue beat estimates. J.C. Penney says sales at stores open at least a year increased 4.1%.  And the company expects those sales to rise 4 to 5% in the full year.

Nordstom (JWN) The high-end store reporting a much better than expected second quarter profit...although revenue came in a bit light. Nordstrom got a boost from online purchases and a jump in sales at its discount Nordstrom Rack outlets.

El Pollo Loco (LOCO) The fire grilled chicken restaurant chain had quarterly earnings that beat estimates by a penny...but revenue missed. El Polo Loco says sales at company-owned restaurants open a year or more declined...and it now expects sales at those locations to come in at the low end of its forecast for the year.

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Tesla Motors (TSLA) The electric carmaker is pricing shares it just put on sale at $242.  In addition, the company is increasing the number being offered. In all, that will give Tesla $652 million, much more than initially projected. Elon Musk's company says it will use the money to grow the business.

King Digital Entertainment (KING) The maker of the Candy Crush Saga video game says second quarter revenue declined 18% as demand wanes for the popular game.  However, the company did report better-than-expected earnings and sales in the period.

General Electric (GE) The financial business housecleaning at the giant conglomerate continues, as GE is selling its GE Capital Bank online deposits platform to Goldman Sachs (GS) for an undisclosed amount.  Earlier this week, GE dealt its US healthcare finance unit to Capital One (COF).  The company is shedding its financial businesses in order to put a greater focus on its industrial operations.

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