Stocks to Watch: GE, Sysco, AMD, BlackRock, CBS, Rite Aid and More
August 12 2019 - 9:35AM
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.
General Electric Co. -- down 1.5% in Monday morning trading:
Shares of the industrial conglomerate fell 3.6% Friday, dropping
for the seventh time in eight sessions. They are down 12% so far
this month.
CVS Health Corp. -- down 0.7% in Monday morning trading: The
pharmacy operator's shares posted their best week since
mid-February last week after the company boosted its full-year
profit targets. Shares rose 6.4% for the week.
BlackRock Inc. -- down 1.3% in Monday morning trading: The firm
is poised to become the largest shareholder of Authentic Brands
Group LLC, the company that owns brands including Sports
Illustrated, Nine West and AĆ©ropostale, in the first deal for the
investment giant's new private-equity fund, The Wall Street Journal
reported.
Advanced Micro Devices Inc. -- up 0.1% in Monday morning
trading: Shares of the highflying chip maker rose 16% last week,
their largest weekly advance in two months.
Sysco Corp. -- up 3.8% in Monday morning trading: The food
distributor reported results for its latest quarter Monday, beating
expectations for adjusted profit.
CBS Corp. and Viacom Inc. -- shares of CBS rose 0.7% while
Viacom shares were down 2.8% in Monday morning trading: The media
companies are in the final stages of a deal to merge, The Wall
Street Journal reported Monday.
Rite Aid Corp. -- up 2.5% in Monday morning trading: The
nation's third-largest pharmacy chain appointed a new chief
executive, Heyward Donigan, to lead the company. She previous led
Sapphire Digital, a website for analyzing health-care plans.
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
August 12, 2019 10:20 ET (14:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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