Stocks to Watch: Nike, Skyworks Solutions, L3Harris, Netflix, Greenbrier, Francesca's, Electronic Arts
July 02 2019 - 9:34AM
Dow Jones News
By Francesca Fontana and Britton O'Daly
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.
Nike Inc. -- Down 0.2% premarket: 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 Inc. -- Up 0.1% premarket: 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%.
L3Harris Technologies Inc. -- Up 0.6% premarket: Shares of the
defense contractor slid 5.8% after the company announced that the
merger of Harris and L3 Technologies was completed June 29, and
revealed its new share repurchase program and board of
directors.
Netflix Inc. -- Down 0.2% premarket: 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.
Greenbrier Cos. Inc. -- Down 8.8% premarket: The company said it
is expecting $1 billion in revenue for its fourth quarter and for
adjusted earnings to be between $1.30 and $1.50 a share, below
analysts' expectations.
Francesca's Holdings Corp. -- Down 14% premarket : Financial
chief Kelly Dilts plans to resign from her role later this month to
pursue another opportunity, the company said.
Electronic Arts Inc. -- Up 1% premarket: BMO Capital Markets
raised its price target on the stock, citing optimism for season 2
of "Apex Legends, " which launches Tuesday.
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 Francesca Fontana at francesca.fontana@wsj.com
(END) Dow Jones Newswires
July 02, 2019 09:19 ET (13:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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