Stocks to Watch: Netflix, AmerisourceBergen, Bank of America, Yum, Abbott Laboratories

Date : 10/16/2019 @ 12:47PM
Source : Dow Jones News
Stock : MGM Resorts International (MGM)
Quote : 31.1  0.0 (0.00%) @ 8:59AM

Stocks to Watch: Netflix, AmerisourceBergen, Bank of America, Yum, Abbott Laboratories

MGM Resorts (NYSE:MGM)
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By James Willhite 

Here are some of the companies with shares expected to trade actively in Wednesday's session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.

AmerisourceBergen -- up 7% premarket: The drug distributor is one of three in talks to pay $18 billion to settle sweeping litigation brought by state and local governments blaming them for fueling the opioid crisis.

Bank of New York Mellon -- up 2.2% premarket: The bank early Wednesday reported third-quarter earnings that beat analysts' estimates.

Netflix -- unchanged premarket: The streaming-television pioneer will deliver its latest earnings report when U.S. markets close on Wednesday. The stock has recently suffered amid questions about the intensifying competitive landscape.

Bank of America -- up 2.3% premarket: The bank reported a profit drop Wednesday but still came in ahead of expectations. Berkhire Hathaway requested permission earlier in October from the Federal Reserve to increase its stake in the bank above 10%.

Abbott Laboratories -- down 2.7% premarket: The medical device and health company's third-quarter sales came in below Wall Street targets in its earnings report early Wednesday.

MGM Resorts International -- up 3.2% premarket: The casino giant is selling two of its properties on the Las Vegas Strip, including its landmark Bellagio property, in separate real estate deals.

Yum Brands -- down 1.4% premarket: The fast-food company's Taco Bell subsidiary voluntarily recalled about 2.3 million pounds of seasoned beef from its restaurants and distribution sites Friday after a customer reportedly found a metal shaving in an order of food.

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

October 16, 2019 08:32 ET (12:32 GMT)

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

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