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1. GameStop (NYSE:GME) | Wal-Mart (NYSE:WMT)
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Wal-Mart (NYSE:WMT) said it would begin allowing consumers to trade in video games in exchange for gift cards for the world's biggest retailer. The game trade in business has been a GameStop (NYSE:GME) mainstay for many years, and investors worry the retail behemoth could snag some of video game retailer's customers. GameStop shares are down 7%.
2. Hewlett-Packard (NYSE:HPQ)
Hewlett-Packard (NYSE:HPQ) was reportedly upgraded to "overweight" from "equalweight" at Barclays, sending shares of the PC-maker jumping north of 2%.
3. Hertz (NYSE:HTZ)
Hertz (NYSE:HTZ) said it plans on spinning off its equipment rental business to focus on car sales. The rise in the shares is muted since the Financial Times previously reported the announcement was pending.
4. Microsoft (NASDAQ:MSFT)
Microsoft's (NASDAQ:MSFT) Xbox One product chief Marc Whitten is reportedly leaving the software giant in favor of Sonos, which makes multi-room speaker systems. The shares are little changed.
5. Oracle (NASDAQ:ORCL)
Oracle (NASDAQ:ORCL), the networking behemoth, is set to post its quarterly earnings after the closing bell. Also on tap after the close in New York is Adobe (NASDAQ:ADBE).