Jump to content
Bitcoin/Tech Community
Sign in to follow this  

#MoneyBeat Stocks to Watch: AmericsourceBergen, Walgreens, PepsiCo, Under Armour, Blue Apron, Amazon, GM

Recommended Posts

NocRoom    0

Here are some of the companies with shares expected to trade actively in Tuesday’s session. Stock movements reflect premarket trading.

AmerisourceBergen—Up 14%: The Wall Street Journal reported that Walgreens Boots Alliance has made a takeover approach to the drug distributor, a move that could help boost profitability at the drugstore giant and insulate it against external threats in an increasingly competitive health-care landscape. Walgreens shares were down 1.3%.

PepsiCo—Down 0.3%: The beverage and snack company said quarterly sales were flat, hurt by falling demand in North America for its beverages, but the company said it had ramped up cost-cutting efforts to protect its bottom line.

Under Armour—Up 11%: Under Armour reported stronger-than-expected sales for the holiday quarter and met Wall Street’s earnings expectations.

Blue Apron Holdings—Up 11%: The meal-kit delivery firm posted a quarterly loss that was smaller than analysts expected and beat on revenue, though sales fell 13% from a year.

Amazon.com—Up less than 0.1%: The Journal reported that the e-commerce giant is pushing to turn its nascent medical-supplies business into a major supplier to U.S. hospitals and outpatient clinics that could compete with incumbent distributors of items from gauze to hip implants.

Cardinal Health—Down 3.4%: Following the news about AmerisourceBergen and Amazon, a number of drug and medical device suppliers fell. Patterson Companies declined 10%, while McKesson shed 3%.

Molina Healthcare—Down 4.1%: Molina reported a wider fourth-quarter loss and the first annual loss in more than 15 years, as impairment losses weighed on the health insurer’s results.

General Motors—Down 0.8%: The auto maker said it will close a Korean factory in May and pressure union officials for additional cost cuts to stem losses.

FMC—Up 1.5%: The chemical manufacturing company topped earnings expectations in the most recent quarter, though sales came up short.

Freeport-McMoRan—Up 0.7%: The mining company’s shares could benefit from a recent rebound in copper prices.

GNC Holdings—Up 34%: GNC said it will receive a $300 million investment from Chinese drug company Harbin Pharmaceutical Group as part of a partnership and joint venture agreement that makes the Chinese firm the health and performance supplements retailer’s largest share holder.

This is an expanded version of the “Stocks to Watch” section of our Morning MoneyBeat newsletter. To receive it every morning via email, click here: https://www.wsj.com/newsletters?sub=263

View the full article

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this