Stocks to Watch: Charles Schwab, Halliburton, Freeport-McMoRan, Equifax and More
July 22 2019 - 9:45AM
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.
Charles Schwab Corp. -- up 1.4% premarket: The discount broker's
shares rose 3% on Friday, closing out a 6.5% gain for the week. The
Wall Street Journal has reported it is in talks to buy brokerage
and wealth-management operations from USAA.
Halliburton Co. -- up 2% premarket: The oil-field services
company reported a second-quarter profit of 35 cents a share after
adjustments, beating Wall Street targets by 5 cents.
Freeport-McMoRan Inc. -- up 0.5% premarket: Shares of the miner
rose more than 3% Friday, as copper prices settled at their highest
level in more than two months.
Equifax Inc. -- up 1.2% premarket: The credit-reporting company
said Monday it will pay $700 million to settle a nationwide
class-action lawsuit related to a breach in 2017 the exposed the
data of nearly 150 million Americans.
Symantec Corp. -- flat premarket: The security-software
company's shares fell 12.9% last week after CNBC reported that
talks for the company to be acquired by Broadcom have ended.
Lennox International Inc. -- down 5.7% premarket: The heating,
air conditioning and refrigeration company lowered its adjusted
profit guidance for the year to $11.30 to $11.90 a share, from $12
to $12.60 a share
Cadence Bancorp -- down 8.7% premarket: Second-quarter earnings
per share at the Houston bank fell to 37 cents, down from 57 cents
a year earlier. Net interest income, or the difference between what
a bank makes from loans or investments and the interest paid to
depositors, of $160.8 million was weaker than expectations from
analysts.
Cal-Maine Foods Inc. -- down 7.2% premarket: Second-quarter
revenue at the egg producer fell 37% from the year earlier to
$280.6 million, as selling prices per dozen eggs weakened.
GNC Holdings Inc. -- up 3.2% premarket: The vitamin retailer
said its operating margin in North America improved in the second
quarter as it continued to close stores.
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 Ira Iosebashvili at ira.iosebashvili@wsj.com and Micah
Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
July 22, 2019 09:30 ET (13:30 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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