Stocks to Watch: Toronto-Dominion Bank, Roku, Fitbit and More
September 23 2019 - 8:01AM
Dow Jones News
By Ira Iosebashvili and Micah Maidenberg
Here are some of the companies with shares expected to trade
actively in Monday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
Facebook, Snap -- Down 0.1% and 0.4%, respectively, premarket:
Facebook's current and past competitors have been speaking with
Federal Trade Commission investigators about the social-media
company's business practices, The Wall Street Journal reported
Monday. Snap's legal team compiled a dossier listing ways the group
believed Facebook tried to undermine Snap's business, according to
the Journal report.
Boeing -- Down 0.6% premarket: Officials in Indonesia are
expected to formally find that design and oversight lapses at
Boeing played a central role in the crash of a 737 MAX jet in
waters off the island nation last year, The Wall Street Journal
reported Sunday.
Toronto Dominion Bank, Royal Bank of Canada -- both flat
premarket: Shares of the Canadian banks have risen for 13
consecutive sessions through Friday. Bank stocks have gained in
recent weeks amid a bounce in Treasury yields.
Roku -- Up 1.3% premarket: Shares of the maker of
streaming-media devices rose in premarket trading Monday. The stock
fell more than 19% Friday after Pivotal Research initiated coverage
with a "sell" rating.
PG&E -- Down 1.7% premarket: The utility said Monday it
struck an $11 billion settlement with insurers and hedge funds that
sought funds from the company related to payouts insurers made to
homeowners and businesses related to fires caused by the
utility.
United States Steel, AK Steel Holding -- Down 4.1% and 5.8%,
respectively, premarket: Analysts at JPMorgan Chase lowered their
ratings on both of the steel producers, moving U.S. Steel to a
"neutral" rating and AK Steel to "underweight." The analysts said
weak steel prices are pressuring the sector.
Fitbit -- Up 6.3% premarket: Shares of the wearables company
soared nearly 12% Friday, after reports that it has hired an
investment firm to explore a possible sale.
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 Ira Iosebashvili at ira.iosebashvili@wsj.com and Micah
Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
September 23, 2019 08:46 ET (12:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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