Stocks to follow on Wall Street (updated)


(Updated with futures, US Bancorp, Travelers, Abbot Laboratoires, Morgan Stanley, Mobileye, JB Hunt Transport Services)

PARIS, April 17 (Reuters) – Main values ​​to follow on Wednesday on Wall Street where futures contracts on the main indices suggest an opening up 0.15% for the Dow Jones, 0.31% for Standard & Poor’s 500 and 0.21% for the Nasdaq:

* UNITED AIRLINES HOLDINGS announced on Tuesday that it expects higher than expected profit for the current quarter, thanks to strong travel demand. The carrier expects adjusted earnings in the range of $3.75 to $4.25 per share for the quarter ending in June, compared with consensus expectations of $3.76 per share. The title gained 5.2% before the opening. AMERICAN AIRLINES, DELTA AIR LINES, ALASKA AIR gain 1% before opening.

* US BANCORP on Wednesday lowered its forecast for net interest income for the full year and announced a 22% drop in first-quarter profit, due to the increase in the cost of deposits and the increase in provisions for credit losses.

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* TRAVELERS – The insurer reported first-quarter profit up 13% on Wednesday as higher investment income and good underwriting offset the impact of higher catastrophe losses.

* TESLA asked its shareholders on Wednesday to vote again for the $56 billion compensation proposal from its CEO Elon Musk. Set in 2018, it was rejected by a Delaware judge in January.

* ABBOT LABORATORIES beat estimates for its quarterly profit on Wednesday and raised the lower end of its forecast, as strong demand for medical procedures boosted sales of its devices, including its glucose monitoring products.

* MORGAN STANLEY will cut at least 50 jobs from its investment bank in the Asia-Pacific region starting this week, according to three sources with knowledge of the matter, which affects around 13% of the division’s 400 employees in Asia.

* TAPESTRY – The competition regulator in the United States is preparing to block Tapestry’s $8.5 billion takeover of CAPRI HOLDINGS, the NYT Dealbook reported on Wednesday. Capri loses 5% before opening.

* MOBILEYE rose 3.1% in pre-market trading after Reuters reported that the Israeli auto technology company was ready to ship at least 46 million new chips for assisted driving.

* JB HUNT TRANSPORT SERVICES fell 7.9% after the American road transport company missed estimates for its first quarter, penalized by a drop in turnover in its main segment and by price pressures in its brokerage activity.

* CITIZENS FINANCIAL reported lower first-quarter profit on Wednesday, due to a drop in interest income.

* OMNICOM – The group’s turnover and profit were higher than Wall Street’s expectations thanks to strong demand for its advertising services. On an adjusted basis, the company earned $1.67 per share, compared to the $1.55 consensus forecast, according to LSEG data.

* FORD will recall 456,565 Bronco Sport and Maverick vehicles due to a battery problem, the US National Highway Traffic Safety Administration (NHTSA) said on Wednesday.

* ELI LILLY – The group’s weight loss drug helped reduce the frequency of irregular breathing in patients with obstructive sleep apnea by up to 63% on average in two trials in final phase, the company said Wednesday.

* ENVESTNET, a software provider with a market value of about $3.5 billion, is exploring options that could include a potential sale after receiving expressions of interest in a takeover bid, said Tuesday from authorized sources.

* NIKE gains 1% before the opening, after good results from Adidas.

* APPLE will consider building a factory in Indonesia, the group said on Wednesday.

* URBAN OUTFITTERS – Jefferies lowers its recommendation from “hold” to “underperform”. The stock lost 5.3% before the opening. (Written by Corentin Chappron and Diana Mandiá, edited by Blandine Hénault)

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