Companies to Watch: Target expands same-day shipping, RH smashes expectations, Huawei challenges Verizon

Yahoo Finance - finance.yahoo.com Posted 5 years ago
image

Here are the companies Yahoo Finance is watching today.

Target (TGT) is taking on Amazon and Walmart with a new same-day shipping option. Now you'll be able to get items delivered right away, by paying a flat $9.99 per order. It's using SHIPT, the membership delivery platform it bought back in 2017. Previously, if you wanted something delivered same-day via SHIPT, you had to pay an annual $99 membership fee.

Investors are sending shares of RH (RH), the company formerly known as Restoration Hardware, higher for a second day after the company beat on earnings and revenue while delivering strong guidance. The CEO called it an "exceptional start to the year" and says RH is ready to handle any tariffs on China by moving some of its manufacturing operations to the United States.

Our parent company, Verizon (VZ), is facing a patent challenge from Huawei. The Chinese tech giant says Verizon owes licensing fees on more than 200 patents and should pay up. A Verizon spokesman said the "issues are larger than just Verizon" and had no comment on a potential legal matter.

BB&T (BBT) and SunTrust (STI) just unveiled the new name for their combined bank: Truist. Truist will serve more than 10 million households in the U.S. and be based in Charlotte, North Carolina. It is expected to be the sixth largest bank in the U.S. by assets and deposits. The banks have said they plan to get regulatory approvals for the merger by the end of the year.

Samsung is already dreaming up new designs for its phones. A new patent shows a phone with a rollable display, selfie camera and ear-piece that extends outward. However, critics have raised questions about durability. This comes as the company continues to try and figure out how to release its futuristic Galaxy Fold.