Stocks to Watch: Apple, Nike and Smart Global--Update
June 28 2019 - 9:44AM
Dow Jones News
By Francesca Fontana and Ira Iosebashvili
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.
Apple Inc. -- Down 0.5% premarket: Shares of the company were
down almost 1.4% in the extended session after it announced design
chief Jony Ive will leave later this year to form his own
company.
Nike Inc. -- Up 0.1% premarket: The apparel maker posted higher
sales in the latest quarter, boosted by strong demand in both the
U.S. and China, despite the continuing trade conflict between the
two countries.
Smart Global Holdings Inc. -- Down 3.3% premarket: The chip
manufacturer was down more than 13% in late trading after reporting
weaker-than-expected revenue for its third fiscal quarter.
Boeing Co. -- Up 0.1% premarket: The company's troubled 737 MAX
fleet is expected to stay grounded until late this year due to its
latest flight-control problem.
Constellation Brands Inc. -- Up 7.3% premarket: The Corona
brewer said it expects beer sales to continue rising in the single
digits in fiscal 2020, with wine and spirits sales down in the
double digits.
Goldman Sachs Group Inc. -- Up 2.4% premarket: Goldman Sachs and
other bank stocks moved higher after all 18 banks reviewed passed
round two of the Federal Reserve's stress tests.
Twitter Inc. -- Up 0.6% premarket: The social media company said
it would begin flagging tweets by government officials and
political figures world-wide who violate its rules, a response to
criticism of its oversight that could set the company up for new
controversy.
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 Ira
Iosebashvili at ira.iosebashvili@wsj.com
(END) Dow Jones Newswires
June 28, 2019 09:29 ET (13:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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