Stocks to Watch: Qorvo, RealReal, Genesee & Wyoming, Ameris Bancorp, and More
July 01 2019 - 9:44AM
Dow Jones News
By Julia Donheiser
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.
Qorvo Inc. -- Up 7.6% premarket: President Trump and Chinese
President Xi Jinping agreed to a cease-fire on trade that will
remove some curbs on Huawei Technologies, boosting shares of chip
makers that rely on trade and Chinese demand to boost revenue.
RealReal Inc. -- Up 1.6% premarket: The online marketplace rose
45% in its market debut Friday, closing at $28.90 after going
public at $20.
Genesee & Wyoming Inc. -- Up 8.6% premarket: The railroad
owner is being purchased by a group of investors in a roughly $6.5
billion deal.
Ameris Bancorp -- Down 0.4% premarket: Ameris Bancorp, which has
just finished buying Fidelity Southern, said that Ameris' president
and chief executive has resigned and that Fidelity's former CEO
will take over Ameris and Ameris Bank.
Berkshire Hathaway Inc. -- Up 0.8% premarket: Warren Buffett,
chairman of Berkshire Hathaway, has pledged to donate shares worth
about $3.6 billion to five foundations, as part of his plan to give
away most of his wealth to charities and other philanthropic
efforts, the company said Monday.
Applied Materials Inc. -- Up 4.1% premarket: The company said it
is acquiring Kokusai Electric Corp. for $2.2 billion from the
global investment firm KKR & Co.
Performance Food Group Co. -- Down 0.9% premarket: The food
distributor has agreed to acquire privately held rival Reinhart
Foodservice for $2 billion in a bid to build scale and tackle
rising costs.
Constellation Brands Inc. -- Up 1.1% premarket: Shares of the
Corona brewer rose 4.6% Friday, their best day since early April,
after the company reported quarterly earnings that were stronger
than anticipated.
Goldman Sachs Group Inc. -- Up 1.5% premarket: The investment
bank climbed for the eighth time in nine sessions Friday, hitting
its highest level in nearly two months after getting cleared by the
Federal Reserve to return more money to shareholders over the next
year.
This is a version of the "Stocks to Watch" section of our
Markets newsletter. To receive it every morning via email, click
here.
(END) Dow Jones Newswires
July 01, 2019 09:29 ET (13:29 GMT)
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