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GAP stock declines as retailer is set to cut jobs: WSJ

Yahoo Finance Live’s Rachelle Akuffo discusses how trending tickers JetBlue, GAP, 3M, General Electric, and Raytheon Technologies stocks are moving into the noon hour.

Video Transcript

RACHELLE AKUFFO: Now time for today's trending tickers. We're watching shares of JetBlue. The airline giant's adjusted loss per share came in smaller than expected, and it posted record revenue as it continues to see strong demand. The company is forecasting a profit for the second quarter, as it expects robust summer travel despite operational challenges. The stock there up about 1%.

Also watching shares of Gap as well. Those are off more than 5% here. The retailer is set to cut hundreds of corporate roles in a new round of layoffs. That's according to reporting from the "Wall Street Journal." This comes after the company eliminated a large number of workers this fall.

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Also watching industrial stocks. 3M stock here, on the back of the company's earnings beat and its announcement, to cut 6,000 jobs. And, of course, General Electric-- that stock, taking a look there, the company raised its guidance Thanks to a strong outlook for its aviation division. Now, some analysts remain cautious about work that still needs to be done in GE's power division.

Also tracking Raytheon-- that company beat on earnings and it raised its dividend. It also said that its order backlog has reached a record. You see that the stock there almost down about 2% on the day. That's it for now. I'm Rachelle Akuffo. I'll see you tomorrow at 11:00 AM Eastern.