Stocks to Watch: PG&E, General Electric, Broadcom, Gap and More
September 13 2019 - 10:03AM
Dow Jones News
By Ira Iosebashvili and Dave Sebastian
Here are some of the companies with shares expected to trade
actively in Friday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
PG&E: Up 8.91% premarket: PG&E agreed on an $11 billion
settlement to resolve the majority of claims by insurance carriers
from the 2017 Northern California wildfires and the 2018 Camp
Fire.
General Electric: Up 0.4% premarket: The conglomerate's CEO said
late in Thursday's session that he expects asset sales to bring in
about $38 billion in cash for the company as it begins paring down
its large debt load.
Broadcom: Down 0.9% premarket: The chip maker topped Wall Street
earnings estimates but left its outlook unchanged.
Varian Medical Systems: Unchanged premarket: The medical
device-maker's stock rose more than 9% Thursday, a day after it
said that its medical linear accelerators are excluded from tariffs
that China imposed on U.S. products.
Gap -- Up 0.4% premarket: The clothing retailer's Old Navy brand
said it plans to open hundreds of stores as it prepares to split
from its parent company.
Nissan Motor -- Unchanged premarket: The National Highway
Traffic Safety Administration is taking a closer look into the
automatic emergency-braking system on more than a half-million
Nissan Rogue sport-utility vehicles, which owners complain can
cause their vehicles to slam on the brakes for no reason.
This is an updated version of the "Stocks to Watch" section of
our Markets newsletter. To receive it every morning via email,
click here.
Write to Ira Iosebashvili at ira.iosebashvili@wsj.com
(END) Dow Jones Newswires
September 13, 2019 09:48 ET (13:48 GMT)
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