Stocks to Watch: Boeing, Gilead Sciences, Facebook, J&J and More

Date : 07/15/2019 @ 12:15PM
Source : Dow Jones News
Stock : Johnson and Johnson (JNJ)
Quote : 131.33  0.0 (0.00%) @ 12:16AM

Stocks to Watch: Boeing, Gilead Sciences, Facebook, J&J and More

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By Julia Donheiser 

Here are some of the companies with shares expected to trade actively in Monday's session.

Boeing -- The company's 737 MAX planes are unlikely to be ready to carry passengers again until next year because of the time needed to fix flight-control software and complete other steps, The Wall Street Journal reported.

Gilead Sciences -- Gilead will pay $5.1 billion to boost its stake in Galapagos and gain rights outside Europe to the Belgian biotechnology company's treatments in development.

Facebook -- The Federal Trade Commission approved a roughly $5 billion settlement with the social-media giant last week for privacy missteps, The Wall Street Journal reported late in Friday's session.

Johnson & Johnson -- The health-care company's shares dropped 4.1% Friday, its worst day since late May, following a Bloomberg News report that the Justice Department is pursuing a criminal investigation of the company's handling of talcum powder and alleged cancer risks. J&J said there were no new developments in the probe.

Infosys (ADR) -- The Indian consulting firm surged 6.3% Friday to an all-time high after beating earnings expectations in the latest quarter and raising revenue projections for the year.

Illumina -- Shares of the genetics company slid 16% Friday, their largest drop since October 2016, after the company warned quarterly revenue will fall short of expectations. Analysts at Bank of America Merrill Lynch cut their rating on the stock to underperform from buy.

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 15, 2019 07:00 ET (11:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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