Stock Market Today: Why Dish, Rackspace, and Hologic Are on the Move

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

Index futures as of 7:50 a.m. EST suggest a flat start for the stock market today, with the Dow Jones Industrial Average (DJINDICES: ^DJI  ) set to lose 13 points at the opening bell. Still, stocks remain near all-time highs and are on pace to close their best year since 2003.

With that bigger picture in mind, here are a few individual stock stories to watch for in today's market.

Dish Network (NASDAQ: DISH  ) this morning reported third-quarter revenue of $3.6 billion -- a 4% improvement over last year's results. Profit rose to $0.68 a share as pay-TV subscriber numbers held steady at 14 million. As we've seen with cable operators, Dish's members are paying more per month: Dish's average monthly revenue climbed to $81 per user as content costs crept higher, up from $77 per month last year. The company also benefited from an impressive 24% jump in its broadband subscriber base, to 385,000. Dish's stock is up 3.2% in premarket trading.

Rackspace (NYSE: RAX  ) shares are tumbling this morning in the wake of its earnings release last night. Third-quarter revenue for the cloud company was $389 million, up a healthy 16%. However, Rackspace had to sacrifice some profitability to get that top-line growth. Net income fell by 40% as the company's operating expenses grew to about 88% of revenue amid cutthroat competition from rivals like and Google. Rackspace's stock is down 9.3% in premarket trading.

Finally, Hologic (NASDAQ: HOLX  ) shares are falling after the company last night announced a $1.1 billion goodwill impairment charge as part of its fiscal fourth-quarter results, which led to a loss of $4.11 a share. Sales ticked higher by 6% for the medical device producer to reach $622 million, below analysts' expectations of $642 million. Looking ahead, CEO Jack Cumming said that the company expects next year to be a "transitional" one, and Hologic's guidance calls for a 1%-3% dip in total sales. The stock is down 13.2% in premarket trading.

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Today's Market

updated 5 hours ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

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Related Tickers

9/28/2016 5:27 PM
^DJI $18339.24 Up +110.94 +0.61%
DISH $54.93 Up +0.58 +1.07%
DISH Network CAPS Rating: **
HOLX $38.73 Down -0.04 -0.09%
Hologic CAPS Rating: *****
RAX $31.69 Up +0.10 +0.32%
Rackspace Hosting CAPS Rating: ***