Stocks to Watch: AbbVie, Allergan, FedEx, Tesla, FactSet Research Systems, Kellogg, Lennar
June 25 2019 - 9:20AM
Dow Jones News
By Francesca Fontana and Jessica Menton
Here are some of the companies with shares expected to trade
actively in Tuesday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
Allergan PLC -- Up 31% premarket: AbbVie Inc. has reached a deal
to buy Allergan for about $63 billion. The takeover is worth about
$188 a share in cash and stock, the companies said in a statement.
AbbVie shares fell 9% premarket.
FedEx Corp. -- Down 0.6% premarket: The company, after botching
some deliveries for Huawei Technologies, filed a lawsuit late
Monday to stop the U.S. government from requiring the package giant
to enforce a crackdown on the Chinese telecommunications gear
maker.
Tesla Inc. -- Up 0.2% premarket: The electric-vehicle maker was
granted a waiver on 10% tariffs on aluminum imported from Japan,
Reuters reported Monday.
Marathon Oil Corp. -- Down 0.6% premarket: Shares of energy
companies will be in focus, a day after the sector was among the
biggest decliners in the S&P 500, shedding nearly 1%.
FactSet Research Systems Inc. -- Up 1.3% premarket: FactSet
Research Systems narrowed its revenue guidance and raised its
earnings estimates for the 2019 fiscal year.
Kellogg Co. -- Down 0.5% premarket: Consumer Edge Research cut
its rating of Kellogg stock to underweight from equal-wright.
Lennar Corp. -- Up 3.6% premarket: The home builder reported
fiscal second-quarter profit and revenue that beat
expectations.
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
Jessica Menton at Jessica.Menton@wsj.com
(END) Dow Jones Newswires
June 25, 2019 09:05 ET (13:05 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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