Stocks to Watch: Tesla, 21st Century Fox, Rite Aid, Sinclair, Viacom, Roku, Yelp
August 09 2018 - 9:58AM
Dow Jones News
By Francesca Fontana
Here are some of the companies with shares expected to trade
actively in Thursday's session. Stock movements reflect premarket
trading.
21st Century Fox -- Up 0.2% : The entertainment giant topped
second-quarter earnings projections. The results came after Fox and
Walt Disney shareholders approved the acquisition of Fox's
entertainment assets in late July.
Tesla Inc. -- Down 1.3% : The Securities and Exchange Commission
is examining the veracity of CEO Elon Musk's tweet that he was
considering taking the company private, as well as the use of
Twitter for the disclosure.
Rite Aid Corp. -- Down 10% : Rite Aid and Albertsons called off
their planned $24 billion merger on the eve of a shareholder vote
in the face of mounting protests from investors.
Sinclair Broadcast Group Inc. -- Down 3.1% : Tribune Media
terminated its merger agreement with rival TV station-owner
Sinclair and sued the company for failing to make sufficient
efforts to get their $3.9 billion deal approved by regulators.
Roku Inc. -- Up 12% : The streaming service reported
higher-than-expected earnings for the second quarter and upped its
full-year outlook. The company also announced a free web version of
its Roku Channel service, which will feature advertisements.
Yelp Inc. -- Up 17% : The business review website reported
better-than-expected second-quarter earnings and raised its revenue
guidance for the year.
Booking Holdings Inc. -- Down 7.4% : The online travel company
beat estimates for its second-quarter results but offered softer
guidance than analysts expected after delaying its announcement
Wednesday to "confirm certain business metrics."
Viacom Inc. -- Down 1.1% : The provider of television channels
including MTV and Nickelodeon reported declining revenue in its
latest quarter as lower international sales from its filmed
entertainment division and advertising sales weighed on its top
line.
This is an expanded version of the "Stocks to Watch" section of
our Markets newsletter. To receive it every morning via email,
click here.
Write to Francesca Fontana at francesca.fontana@wsj.com
(END) Dow Jones Newswires
August 09, 2018 09:43 ET (13:43 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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