Stocks to Watch: Netflix, American Express, J.B. Hunt, Roku, Atlassian
January 18 2019 - 9:35AM
Dow Jones News
By Francesca Fontana and Amrith Ramkumar
Here are some of the companies with shares expected to trade
actively in Friday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
Netflix Inc. -- Down 2.1% premarket: The streaming company
reported weaker-than-expected quarterly sales and gave downbeat
revenue targets for the current quarter.
Tesla Inc. -- Down 5.4% premarket: Tesla plans to cut its
full-time workforce by 7% in an effort to lower the price of its
Model 3 sedan, as the auto maker continues to chase its long-held
dream of a $35,000 electric sedan.
American Express Co. -- Down 2.3% premarket: The credit-card
company missed on quarterly revenue, though it exceeded profit
targets.
SunTrust Banks Inc. -- Up 4.3% premarket: Net income at SunTrust
Banks decreased in the fourth quarter from the comparable quarter a
year ago as the bank recorded a $60 million pension-plan settlement
charge but also reported an increase in revenue and a drop in
costs.
CVS Health Corp. -- Up 2.5% premarket: CVS and Walmart Inc.
settled their fight over the cost of filling prescriptions,
averting a threatened split between the health-care giant and the
retail behemoth.
J.B. Hunt Transport Services Inc. -- Up 5.7% premarket: The
trucking company posted a larger-than-expected increase in sales in
its latest quarter but posted softer-than-expected earnings.
Roku Inc. -- Up 0.6% premarket: The maker of streaming-media
devices rose 4.4% Thursday after CNBC reported late in the session
that Walmart is abandoning its efforts to launch a streaming video
service.
Atlassian Corp. -- Up 7.9% premarket: The maker of
business-productivity software gave upbeat revenue targets for the
2019 fiscal year.
Eli Lilly & Co. -- Down 2.4% premarket: Eli Lilly said a
study combining two drug treatments for patients with advanced
sarcoma wasn't clinically beneficial.
Citizens Financial Group Inc. -- Up 3.5% premarket: The firm's
fourth-quarter profit fell from the comparable quarter a year ago
as expenses climbed and the quarter's results weren't boosted from
the same new tax law benefit as they were a year ago.
VF Corp. -- Up 8.8% premarket: The owner of Lee and Wrangler
jeans raised revenue and earnings guidance for the fiscal year when
it reported its third-quarter earnings results.
Kansas City Southern -- Up 1.8% premarket: Net income fell at
Kansas City Southern in the fourth quarter as the transportation
holding company recorded a tax expense instead of a large benefit
it recorded for the comparable period a year ago.
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 Francesca Fontana at francesca.fontana@wsj.com and
Amrith Ramkumar at amrith.ramkumar@wsj.com
(END) Dow Jones Newswires
January 18, 2019 09:20 ET (14:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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