ConocoPhillips — Shares slipped more than 3% following news that the company is acquiring Marathon Oil in a $17.1 billion all-stock deal, which is expected to close in the fourth quarter. Marathon Oil stock rose more than 7% following the announcement. Dick's Sporting Goods — The sporting goods retailer popped 7.7% after reporting an earnings and revenue beat for its fiscal first quarter. Dick's also raised its full year guidance. It now expects earnings per share to be between $13.
Chewy posted earnings per share of 15 cents, topping a FactSet estimate of just 4 cents per share. Revenue $2.88 billion also come in above expectations. United Airlines — Shares of the airline carrier slipped 1%, despite an upgrade to buy from hold from Jefferies. The financial institution cited United's investments in its product offering, increased free cash flow generation and a shareholder-friendly management team as catalysts for the upgrade.
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