— An analyst at B. Riley FBR upgraded the retailer to buy from neutral, citing "improving trends" in its footwear business. The analyst also hiked Foot Locker's price target to $73 per share from $62, implying a 30% surge from Thursday's close. Foot Locker shares rose about 1%.
— Baidu shares plummeted more than 15% after the Chinese search-engine operator reported its first quarterly loss since 2005 and issued weaker-than-expected quarterly revenue guidance that missed expectations. CEO Robin Li also warned that a slowdown in China's technology sector or the country's broad economy could hurt the company.— The semiconductor's stock rose more than 4% after reporting better-than-expected earnings and revenue.
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Just saw one of you guys reporting on the sale of Tesla stock. The story is at least three days old and T. Rowe sold the shares months ago.
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