Stocks to Watch: UPS, Caterpillar, Sprint, Tupperware, Snap, Visa and Chipotle
24 Juillet 2019 - 3:44PM
Dow Jones News
By Julia Donheiser and Allison Prang
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.
United Parcel Service Inc. -- Up 4.3% Premarket: The company
posted earnings and revenue that beat analysts' estimates and
reaffirmed its adjusted earnings guidance.
Caterpillar Inc. -- Down 4.7% Premarket: Profit was negatively
impacted by higher materials costs from labor and tariffs. The
company's earnings missed estimates while revenue beat.
Sprint Corp. -- Up 6.4% Premarket: The Wall Street Journal
reported that the Justice Department is poised to approve the
merger between Sprint and T-Mobile US. Shares of T-Mobile rose 1.4%
premarket.
Tupperware Brands Corp. -- Down 16% Premarket: The company said
it expects adjusted earnings and sales to fall more than it was
expecting for this year.
Alexion Pharmaceuticals Inc. -- Up 2.6% Premarket: The
pharmaceutical company's revenue and earnings topped estimates and
Alexion upped its outlook for adjusted profit and revenue.
Amazon.com Inc. -- Down 1.1% Premarket: The Justice Department
is opening a broad antitrust review into whether large technology
firms are unlawfully stifling competition, The Wall Street Journal
reported.
Chipotle Mexican Grill Inc. -- Up 3.2% Premarket: The
fast-casual burrito chain beat second-quarter earnings
expectations, continuing its rebound from E. coli outbreaks and
other food-safety scares from recent years. Shares are up 71% this
year.
Snap Inc. -- Up 10% Premarket: Snapchat's parent company posted
record user growth and beat sales expectations in the second
quarter.
Texas Instruments Inc. -- Up 6.3% Premarket: The chip maker
reported better-than-expected earnings and a smaller decline in
sales than Wall Street anticipated.
Visa Inc. -- Down 0.4% Premarket: The credit-card provider
slightly lowered its target for client incentives -- long-term
contracts with partners to expand its network -- though it beat
projections in last quarter and lifted profits 33% from a year
earlier.
Discover Financial Services -- Up 2.1% Premarket on Low Volume:
The financial-services company topped quarterly revenue
targets.
Netflix Inc. -- Up 0.7% Premarket: Shares of the streaming giant
dropped for the ninth consecutive session Tuesday, its longest
streak since March 2014, according to Dow Jones Market Data.
Chubb Ltd. -- Flat Premarket: The Zurich-based insurance company
reported lower profit in the second quarter from a year earlier,
though results were largely in line with analyst targets.
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 Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
July 24, 2019 09:29 ET (13:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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