Stocks to Watch: Amazon, Visa, IBM, Johnson & Johnson
January 31 2020 - 5:33AM
Dow Jones News
By James Willhite
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.
Amazon: The e-commerce giant's fourth-quarter sales blew past a
previous record as robust holiday sales and profit from cloud and
advertising businesses helped offset growing shipping costs for its
one-day Prime program.
Visa: The credit-card company reported record quarterly profit
and processed more than $3 trillion in transactions, a record for
the quarter, driving a 10% revenue growth.
IBM: Ginni Rometty is retiring after almost 40 years at IBM and
will be succeeded as CEO by Arvind Krishna, who heads the company's
cloud and cognitive-software division.
Johnson & Johnson: A California judge ordered the company to
pay $344 million in a lawsuit in which state officials accused the
company of deceptively marketing surgical mesh devices for use in
pelvic procedures in women.
Electronic Arts: Its latest Star Wars game helped the company
deliver robust holiday-quarter results, though the publisher will
have a thin release slate this year as next-generation gaming
consoles are primed to hit the market.
Caterpillar, Chevron, Exxon Mobil, Honeywell and KKR are among
the companies reporting earnings Friday.
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
January 31, 2020 05:18 ET (10:18 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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