Stocks to Watch: Apple, GM, United Technologies, Microsoft, Bristol-Myers, Prudential, Buckle, MTS Systems, Quad/Graphics
November 27 2018 - 9:55AM
Dow Jones News
By Francesca Fontana and Amrith Ramkumar
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.
Apple Inc. -- Down 1.5% premarket: President Trump told The Wall
Street Journal that the U.S. could place tariffs on Apple Inc.
iPhones and laptop computers imported from China, depending on how
trade negotiations proceed.
General Motors Co. -- Down 0.3% premarket: The auto maker has
received criticism from President Trump and some analysts for its
plans to cut up to 14,800 jobs in the U.S. and Canada and end
production at several North American factories.
United Technologies Corp. -- Down 1.6% premarket: United
Technologies has decided to separate itself into three independent
companies, breaking apart one of America's last industrial
conglomerates.
Microsoft Co. -- Down 0.1% premarket: Microsoft is close to
becoming the largest U.S. company in terms of market capitalization
for the first time since 2003, according to Dow Jones Market Data.
Apple is valued at $829 billion, while Microsoft is at $817 billion
and Amazon.com is at $773 billion.
Bristol-Myers Squibb Co. -- Down 3.9% premarket: The company
reported that a lung-cancer treatment failed in a clinical
trial.
Prudential Financial Inc. -- Up 0.3% premarket: A venture led by
Prudential Financial is spending nearly $600 million for 4,000
housing units aimed at lower-income workers, the latest sign that
investors see bigger gains in lower-rent apartments than in the
upscale ones that have led the recovery.
Buckle Inc. -- Down 8.7% premarket: The fashion retailer said
sales fell 4.1% in the most recent quarter, a bigger drop than Wall
Street anticipated.
MTS Systems Corp. -- Unchanged premarket: The maker of test
systems and industrial position sensors reported a
larger-than-expected drop in quarterly sales.
Quad/Graphics Inc. -- Unchanged premarket: Quad/Graphics has
acquired Minneapolis ad agency Periscope Inc. as part of an effort
to diversify its core printing business.
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 and
Amrith Ramkumar at amrith.ramkumar@wsj.com
(END) Dow Jones Newswires
November 27, 2018 09:40 ET (14:40 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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