Stocks to Watch: Nike, Skyworks Solutions, L3Harris, Netflix
July 02 2019 - 06:29AM
Dow Jones News
By Britton O'Daly
Here are some of the companies with shares expected to trade
actively in Tuesday's session:
Nike: The athletic apparel giant is yanking a U.S.A.-themed
sneaker featuring an early American flag after NFL
star-turned-activist Colin Kaepernick told the company it shouldn't
sell a shoe with a symbol that he and others consider offensive,
The Wall Street Journal reported.
Skyworks Solutions: Boosted by a weekend U.S.-China trade truce,
the chip manufacturer rose 6% Monday, its best day since early
February. The rise was the stock's fourth consecutive advance,
bringing its four-day climb to 10%.
L3 Harris Technologies: Shares of the defense contractor slid
5.8% after the newly formed company announced that the merger of
Harris Corp. and L3 Technologies was completed June 29 and revealed
its new share repurchase program and board of directors.
Netflix: The stock rose 2% Monday, rising for the ninth time in
the past 11 sessions, after technology publication The Information
reported that Ted Sarandos, the company's content chief officer,
told executives at a recent meeting to be more careful with
expenses. The streaming giant has spent heavily on movies and shows
recently.
This is a version of the "Stocks to Watch" section of our
Markets newsletter. To receive it every morning via email, click
here.
(END) Dow Jones Newswires
July 02, 2019 06:14 ET (10:14 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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