Stocks to Watch: Exxon Mobil, Chevron, Schlumberger, Delta Air Lines, General Motors
September 16 2019 - 9:14AM
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:
Exxon Mobil, Chevron, ConocoPhillips -- Up 3.8%, 3.3% and 7.7%,
respectively, premarket: Weekend attacks in Saudi Arabia disrupted
oil facilities in the world's largest crude exporter, potentially
boosting oil prices and shares of oil producers.
Schlumberger, Halliburton, Baker Hughes -- Up 7.7%, 7.3% and
4.8%, respectively, premarket: Oilfield-services and equipment
companies including Schlumberger are also gaining following the
attacks in Saudi Arabia.
Delta Air Lines, United Airlines, American Airlines -- down 3.6,
3.4% and 4.6% premarket: Fuel is a major operating expense for
airlines, meaning any jump in oil prices could damp profits at
carriers.
Apple Inc. -- Down 0.3% premarket: Walt Disney CEO Robert Iger
resigned from the tech giant's board of directors last week, per a
regulatory filing.
JPMorgan Chase & Co. -- Down 1.1% premarket: The bank has
risen in eight consecutive sessions, the longest such stretch since
February 2014, boosted by a rebound in Treasury yields. Higher
rates support lending profitability.
Caterpillar Inc. -- Down 0.5% premarket: The maker of heavy
machinery rallied 9% last week for its largest weekly gain since
last November.
General Motors -- Down 2.2% premarket: Around 46,000 workers at
General Motors walked off the job early Monday, the first strike at
the auto maker in a dozen years.
Walgreens Boots Alliance Inc. -- Down 0.5% premarket: Shares of
the drugstore chain rallied 6.5% last week, their best week since
July 2015.
Freeport-McMoRan Inc. -- Up 0.1% premarket: The copper miner
rebounded 14% last week with prices of the industrial metal
climbing to their highest level since late July on hopes for an
improved economic outlook.
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
September 16, 2019 08:59 ET (12:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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