Stocks to Watch: Netflix, AmerisourceBergen, Bank of America, Yum, Abbott Laboratories
October 16 2019 - 8:47AM
Dow Jones News
By James Willhite
Here are some of the companies with shares expected to trade
actively in Wednesday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
AmerisourceBergen -- up 7% premarket: The drug distributor is
one of three in talks to pay $18 billion to settle sweeping
litigation brought by state and local governments blaming them for
fueling the opioid crisis.
Bank of New York Mellon -- up 2.2% premarket: The bank early
Wednesday reported third-quarter earnings that beat analysts'
estimates.
Netflix -- unchanged premarket: The streaming-television pioneer
will deliver its latest earnings report when U.S. markets close on
Wednesday. The stock has recently suffered amid questions about the
intensifying competitive landscape.
Bank of America -- up 2.3% premarket: The bank reported a profit
drop Wednesday but still came in ahead of expectations. Berkhire
Hathaway requested permission earlier in October from the Federal
Reserve to increase its stake in the bank above 10%.
Abbott Laboratories -- down 2.7% premarket: The medical device
and health company's third-quarter sales came in below Wall Street
targets in its earnings report early Wednesday.
MGM Resorts International -- up 3.2% premarket: The casino giant
is selling two of its properties on the Las Vegas Strip, including
its landmark Bellagio property, in separate real estate deals.
Yum Brands -- down 1.4% premarket: The fast-food company's Taco
Bell subsidiary voluntarily recalled about 2.3 million pounds of
seasoned beef from its restaurants and distribution sites Friday
after a customer reportedly found a metal shaving in an order of
food.
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 James Willhite at james.willhite@wsj.com
(END) Dow Jones Newswires
October 16, 2019 08:32 ET (12:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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