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After-Hours Stocks in Focus; Walt Disney, Burlington Stores, Best Buy, Xerox, Hewlett Packard, Teva

Walt Disney Co. (NYSE:DIS) shares led the Dow’s advance and reached a record high on Tuesday after a report found that close to a million new subscribers a day, are signing up for its newly launched digital streaming service, Disney+, in time span of less than two weeks after its initial rollout.

 

 

Burlington Stores Inc. (NYSE:BURL) shares added 8.5% on Tuesday, after the company reported a stronger than expected rise in third quarter same store sales and earnings and revenues that topped estimates.

 

Best Buy Co. Inc. (NYSE:BBY) share jumped 9.8% after the electronics retailer reported third-quarter sales and profits better than expected, and also raised its guidance for full year, same store sales growth.

 

Chinese e-commerce giant Alibaba Group Holding Ltd – ADR (NYSE:BABA) shares rose in their debut on Hong Kong stock exchange on Tuesday, with an upbeat launch amid the unrest in former British colony.

Xerox Holdings Corp (NYSE:XRX) shares edged lower after the company said that it will take its $33 billion takeover proposal, for larger rival HP Inc. (HPQ) directly to shareholders unless the two sides are able to settle on the access to private financial information.

 

 

Hewlett Packard Enterprise Co (NYSE: HPE) shares were in focus after the computing giant late on Monday posted fourth quarter revenue, that fell short of Wall Street forecasts. And in response to less than expected 4rth quarter earnings, HPE shares fell 8% Tuesday.

 

Teva Pharmaceutical Industries Ltd (NYSE:TEVA) shares fell 7.93%, Mallinckrodt PLC (NYSE:MNK) dropped -3.88%, Amneal Pharmaceuticals Inc. (NYSE:AMRX) shares slumped -10.06%, and Johnson & Johnson (NYSE:JNJ) fell -0.01%  and other opioid makers and distributors decliner after the Wall Street Journal reported that government had launched a criminal probe into the corporate ties to the opioid crisis.

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