Stocks to Watch: Boeing, Gilead Sciences, Facebook, J&J and More
15 July 2019 - 9:15PM
Dow Jones News
By Julia Donheiser
Here are some of the companies with shares expected to trade
actively in Monday's session.
Boeing -- The company's 737 MAX planes are unlikely to be ready
to carry passengers again until next year because of the time
needed to fix flight-control software and complete other steps, The
Wall Street Journal reported.
Gilead Sciences -- Gilead will pay $5.1 billion to boost its
stake in Galapagos and gain rights outside Europe to the Belgian
biotechnology company's treatments in development.
Facebook -- The Federal Trade Commission approved a roughly $5
billion settlement with the social-media giant last week for
privacy missteps, The Wall Street Journal reported late in Friday's
session.
Johnson & Johnson -- The health-care company's shares
dropped 4.1% Friday, its worst day since late May, following a
Bloomberg News report that the Justice Department is pursuing a
criminal investigation of the company's handling of talcum powder
and alleged cancer risks. J&J said there were no new
developments in the probe.
Infosys (ADR) -- The Indian consulting firm surged 6.3% Friday
to an all-time high after beating earnings expectations in the
latest quarter and raising revenue projections for the year.
Illumina -- Shares of the genetics company slid 16% Friday,
their largest drop since October 2016, after the company warned
quarterly revenue will fall short of expectations. Analysts at Bank
of America Merrill Lynch cut their rating on the stock to
underperform from buy.
This is a version of the "Stocks to Watch" section of our
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(END) Dow Jones Newswires
July 15, 2019 07:00 ET (11:00 GMT)
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