Stocks to Watch: GE, Sysco, AMD, BlackRock, CBS, Rite Aid and More
August 12 2019 - 10:35AM
Dow Jones News
By Amrith Ramkumar and Micah Maidenberg
Here are some of the companies with shares expected to trade
actively in Monday's session.
General Electric Co. -- down 1.5% in Monday morning trading:
Shares of the industrial conglomerate fell 3.6% Friday, dropping
for the seventh time in eight sessions. They are down 12% so far
this month.
CVS Health Corp. -- down 0.7% in Monday morning trading: The
pharmacy operator's shares posted their best week since
mid-February last week after the company boosted its full-year
profit targets. Shares rose 6.4% for the week.
BlackRock Inc. -- down 1.3% in Monday morning trading: The firm
is poised to become the largest shareholder of Authentic Brands
Group LLC, the company that owns brands including Sports
Illustrated, Nine West and Aéropostale, in the first deal for the
investment giant's new private-equity fund, The Wall Street Journal
reported.
Advanced Micro Devices Inc. -- up 0.1% in Monday morning
trading: Shares of the highflying chip maker rose 16% last week,
their largest weekly advance in two months.
Sysco Corp. -- up 3.8% in Monday morning trading: The food
distributor reported results for its latest quarter Monday, beating
expectations for adjusted profit.
CBS Corp. and Viacom Inc. -- shares of CBS rose 0.7% while
Viacom shares were down 2.8% in Monday morning trading: The media
companies are in the final stages of a deal to merge, The Wall
Street Journal reported Monday.
Rite Aid Corp. -- up 2.5% in Monday morning trading: The
nation's third-largest pharmacy chain appointed a new chief
executive, Heyward Donigan, to lead the company. She previous led
Sapphire Digital, a website for analyzing health-care plans.
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 Amrith Ramkumar at amrith.ramkumar@wsj.com and Micah
Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
August 12, 2019 10:20 ET (14:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
BlackRock (NYSE:BLK)
Historical Stock Chart
From Aug 2024 to Sep 2024
BlackRock (NYSE:BLK)
Historical Stock Chart
From Sep 2023 to Sep 2024