The summer doldrums appear to be officially here. Stocks didn’t do much in early trading Tuesday — a day after the market was mostly spinning its wheels.
The Dow, the SP 500 and Nasdaq were all slightly higher.
But even though the broader market was flattish, there were several interesting stocks on the move. Here’s what you need to know:
1) UPS can’t deliver: Shipping giant UPS (UPS) reported earnings that were short of what Wall Street was expecting, and it’s stock is down more than 3.5% in early trading. Profits in U.S. package deliveries, its second-biggest unit, was down 81.5% from the same time last year.
2) Apple nears all-time high: Apple (AAPL, Tech30) is less than 2% from an all-time high, with the stock inching closer to $100.
Shares have rallied lately following a stock split that brought the stock price to a more affordable level for average investors. Wall Street is also excited about new products like the next iPhone as well as the company’s new strategy to acquire more companies. Apple has bought two small start-ups in the past few weeks.
Related: Check out how Apple has performed against to the rest CNNMoney’s Tech 30
3) El Pollo Lower: Chicken chain El Pollo Loco (LOCO), after a spectacular rally following its IPO, is down more than 10%. The company’s shares have nearly doubled from its offering price in just three trading days.
4) Herbalife falters: Herbalife (HLF), the nutritional supplement producer that has been going to war with hedge fund investor Bill Ackman over his huge bet against the company, reported earnings that disappointed for the first time in a while. The stock, which soared after investors dismissed Ackman’s latest presentation against Herbalife, is down more than 10%.
Related: Herbalife tumbled in after-market trading following its earnings miss
5) International markets: European stocks were doing well, with the Eurostoxx 50 index more than about 0.8% higher in late trading. Russia’s MICEX index, despite the impending arrival of new sanctions, is up 0.8%. Asian stocks ended the day mostly higher, with Chinese stocks doing very well. Taiwan sticks out as an exception, finishing 0.3% lower.
