Stocks to Watch: Wells Fargo, Bank of New York Mellon, Pfizer, McDonald's, Peloton, and More
27 September 2019 - 11:26PM
Dow Jones News
By Ira Iosebashvili and Dave Sebastian
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.
Wells Fargo, Bank of New York Mellon -- Up 2.7% premarket and
down 2.3% premarket, respectively : Bank of New York Mellon
Chairman and Chief Executive Charles Scharf is leaving next month
to become president and CEO of Wells Fargo; BNY Mellon has
appointed Thomas Gibbons as interim CEO.
Pfizer -- Up 1% premarket: Pifzer Executive Chairman Ian Read
will retire at the end of the year, and Chief Executive Albert
Bourla will assume the additional post of chairman, effective Jan.
1.
McDonald's, Beyond Meat -- Up 0.5% premarket and down 0.2%
premarket, respectively: The fast-food giant said Thursday it is
testing Beyond Meat patties at restaurants in Canada for 12
weeks.
Peloton Interactive -- Up 0.4% premarket: The maker of
stationary bikes and treadmills saw its stock slide more than 11%
in its trading debut on Thursday.
Micron Technology -- Down 5.7% premarket: The memory-chip maker
reported another large earnings decline and predicted a
disappointing holiday season.
Apple -- Up 0.2% premarket: The company plans to bring
feature-length films to theaters before releasing them on its
streaming TV service, The Wall Street Journal reported Friday,
citing people familiar with the plans.
Marathon Petroleum -- Up 0.3% premarket: Two of the company's
large shareholders have sent a letter calling for the ouster of the
fuel maker's chief executive, The Wall Street Journal reported
Friday.
Dish Network, Fox -- Both unchanged premarket: The two companies
are battling over a new contract, resulting in consumers losing
access to a number of cable channels and local stations carried by
Fox.
Vail Resorts -- Up 3.4% premarket: The resort operator reported
a net loss that wasn't as wide as analysts expected.
This is an updated version of the "Stocks to Watch" section of
our Markets newsletter. To receive it every morning via email,
click here.
Write to Ira Iosebashvili at ira.iosebashvili@wsj.com
(END) Dow Jones Newswires
September 27, 2019 09:11 ET (13:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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