Stocks To Watch For August 8, 2014

Some of the stocks that may grab investor focus today are: Wall Street expects Sotheby's BID to report its Q2 earnings at $1.43 per share on revenue of $345.98 million. Sotheby's shares gained 0.72% to close at $40.69 yesterday. Gap GPS reported upbeat July sales results. Gap's same-store sales rose 2% in July, beating analysts' estimates of a 0.1% gain. Gap projects Q2 earnings of $0.68 to $0.69 per share. Gap shares jumped 5.10% to $42.25 in the after-hours trading session. Analysts are expecting Beacon Roofing Supply BECN to have earned $0.58 per share on revenue of $662.94 million in the third quarter. Beacon Roofing Supply shares rose 0.32% to close at $28.44 yesterday. Lululemon Athletica LULU reported that Dennis "Chip" Wilson will sell half of his stake in the company to investment firm Advent International for $845 million. Lululemon shares climbed 6.07% to $41.40 in the after-hours trading session. The E. W. Scripps Company SSP is projected to report its Q2 earnings at $0.12 per share on revenue of $217.83 million. E. W. Scripps shares dropped 2.11% to close at $21.30 yesterday. Zynga ZNGA reported weaker-than-expected second-quarter revenue and issued a downbeat revenue forecast for the third quarter. Zynga also lowered its 2014 outlook. Zynga shares tumbled 7.53% to $2.70 in the after-hours trading session.