Stocks to Watch: Adobe Systems, Micron, Wells Fargo
September 21 2018 - 7:12AM
Dow Jones News
By Amrith Ramkumar
Here are some of the companies with shares expected to trade
actively in Friday's session. Check back closer to the market open
for an updated list.
Adobe Systems Inc.: Adobe announced it would acquire closely
held marketing-automation company Marketo for $4.75 billion.
Micron Technology: The chip maker exceeded profit and sales
targets in its latest quarter.
Wells Fargo: The bank said it expects to cut its workforce by 5%
to 10% within the next three years, including displacements and
normal attrition, as part of its continuing transformation.
General Electric: Shares fell 3.1% Thursday, their largest
one-day drop in two months, after the industrial conglomerate
discovered a flaw in its newest power-plant turbines after a key
part failed earlier in September.
Eventbrite: Shares of the ticketing and event-services company
jumped nearly 60% from their initial public offering price in their
market debut Thursday.
MDC Partners: The embattled advertising company is exploring a
potential sale amid a slowdown in its performance and following the
exit of its chief executive, The Wall Street Journal reported late
in Thursday's session. Shares closed up 7%.
United Natural Foods: The company missed on earnings in its
fiscal fourth quarter.
This is a version of the "Stocks to Watch" section of our
Markets newsletter. To receive it every morning via email, click
here.
Write to Amrith Ramkumar at amrith.ramkumar@wsj.com
(END) Dow Jones Newswires
September 21, 2018 06:57 ET (10:57 GMT)
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