Stocks to Watch: Amazon, Caterpillar, Visa, IBM, Johnson & Johnson
January 31 2020 - 9:01AM
Dow Jones News
By James Willhite
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.
Caterpillar -- down 0.4% premarket: The machinery maker reported
a better-than-expected adjusted profit for the latest quarter, but
guided for 2020 earnings below Wall Street's forecast as global
uncertainty pressures sales.
KKR -- up 1.2% premarket: The private-equity firm reported a
profit in the fourth quarter, compared with a net loss a year
ago.
Honeywell -- down 1.4% premarket: The industrial conglomerate
said its profit dropped in the fourth quarter as sales fell at the
slimmed-down company.
Amazon -- up 10.8% premarket: The e-commerce giant's
fourth-quarter sales blew past a previous record as robust holiday
sales and profit from cloud and advertising businesses helped
offset growing shipping costs for its one-day Prime program.
Visa -- down 2.7% premarket: The credit-card company reported
record quarterly profit and processed more than $3 trillion in
transactions, a record for the quarter, driving a 10% revenue
growth.
IBM -- up 4% premarket: Ginni Rometty is retiring after almost
40 years at IBM and will be succeeded as CEO by Arvind Krishna, who
heads the company's cloud and cognitive-software division.
Johnson & Johnson -- down 0.4% premarket: A California judge
ordered the company to pay $344 million in a lawsuit in which state
officials accused the company of deceptively marketing surgical
mesh devices for use in pelvic procedures in women.
Electronic Arts -- down 1.7% premarket: Its latest Star Wars
game helped the company deliver robust holiday-quarter results,
though the publisher will have a thin release slate this year as
next-generation gaming consoles are primed to hit the market.
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
January 31, 2020 08:46 ET (13:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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