Stocks to Watch: Facebook, Tyson, MoneyGram, Parsons, Mosaic, Corteva, EQT
June 18 2019 - 9:36AM
Dow Jones News
By Francesca Fontana and Julia Donheiser
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.
Facebook Inc. -- Up 2.1% premarket: Facebook announced plans to
launch a cryptocurrency called Libra, promising a secure
blockchain-based payment system backed by hard assets and designed
for mainstream users.
Tyson Foods Inc. -- Up 0.1% premarket: Shares of the meat
company fell 4.1% Monday, their largest percentage drop of the
month, as persistent flooding threatens crops used for livestock
feed.
MoneyGram International Inc. -- Up 152% premarket:
Cryptocurrency startup Ripple will invest up to $50 million in the
money-transfer company.
Parsons Corp. -- Up 3.6% premarket: Parsons' profit fell as
operating income decreased and the company reported a rise in
interest expense.
Mosaic Co. -- Up 0.9% premarket: Mosaic shares gained 4.1% after
Bank of America Merrill Lynch upgraded the fertilizer producer to
buy on longer-term upside potential that analysts said outweighs
any risks in the short term.
Corteva Inc. -- Unchanged premarket: Shares of the agriculture
company gained 3% Monday after Deutsche Bank upgraded the
agriculture company to buy from hold.
EQT Corp. -- Unchanged premarket: With shares at a multiyear
low, the natural-gas producer said it expects sales volumes at the
high end of its past projections.
This is an expanded version of the "Stocks to Watch" section of
our Markets newsletter. To receive it every morning via email,
click here.
Write to Francesca Fontana at francesca.fontana@wsj.com
(END) Dow Jones Newswires
June 18, 2019 09:21 ET (13:21 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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