Stocks to Watch: Amazon.com, JPMorgan, KeyCorp, J&J, Domino's Pizza and More
July 16 2019 - 9:34AM
Dow Jones News
By Merdie Nzanga and Micah Maidenberg
Here are some of the companies with shares expected to trade
actively in Tuesday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
JPMorgan Chase & Co. -- down 1.8% premarket: The banking
giant said profit rose in the second quarter, to $2.82 a share from
$2.29 a share a year earlier. Earnings at the bank surpassed
expectations from analysts.
Goldman Sachs Group Inc. -- up 1.4% premarket: Goldman's profit
weakened 6% in the second quarter amid a pullback by trading
clients worried about trade and interest rates.
Wells Fargo & Co. -- down 0.6%: Revenue of $21.6 billion in
the second quarter was about the same last year, but better than
targets. The company is still seeking a permanent chief executive
officer to replace Timothy Sloan, who retired in March.
Johnson & Johnson -- up 0.2% premarket: J&J raised its
revenue guidance for the year as it reported second-quarter results
Tuesday. The company earned $2.58 a share in profit after
adjustments, beating Wall Street expectations.
Charles Schwab Corp. -- up 0.9% premarket: The company is in
talks to purchase brokerage and wealth-management operations from
USAA for roughly $2 billion, potentially giving it another $100
billion in assets, The Wall Street Journal reported Monday.
KeyCorp. -- down 2.2% premarket. KeyCorp said a business
customer of its regional bank engaged in fraudulent activity that
could cost the bank up to $90 million. The company is working with
law enforcement on the matter, KeyCorp said in a securities
filing.
Domino's Pizza Inc. -- down 7.4%. The pizza chain's growth
slowed in the second quarter, as U.S. same-store sales notched a 3%
gain, almost 4 percentage points slower than last year's increase
on that measure. The $811.6 million in revenue Domino's reported
for the quarter was less than what analysts expected.
Rio Tinto PLC -- down 1.2%. The American depositary receipts for
the mining company weakened after Rio said Monday it will cost more
than previously expected and take longer to complete its
underground copper mine in southern Mongolia.
Amazon.com Inc. -- down 0.2%: The e-commerce giant's annual
Prime Day featuring discounts and deals on its site for members
ends Tuesday. Amazon's Prime service penetrates 30% of U.S.
households and less than 5% of international markets, according to
Jeffries.
J.B. Hunt Transport Services Inc. -- up 7.2%: The company's
second-quarter revenue met analysts' expectations, while profit
fell short of estimates.
Arrow Electronics Inc. -- down 4.9%: The electronic-component
distributor warned that the company's second-quarter adjusted
profit would be lower than previous expectations. The company also
announced plans to wind down its personal-computer business.
ServisFirst Bancshares Inc. -- down 2.7%: The bank holding
company reported net-interest income rose less than expected in the
latest quarter.
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 Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
July 16, 2019 09:19 ET (13:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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