Values ​​to follow on Wall Street (updated)


(Updated with index futures, pre-market quotes from Applied Materials, Foot Locker, Farfetch, JD.Com, Gap,)

PARIS, November 18 (Reuters) –

Top stocks to watch Friday on Wall Street, where futures on major indices suggest an open higher by

0.54% for the Dow Jones, from

0.74% for the Standard & Poor’s 500 and

0.94% for the Nasdaq

* APPLIED MATERIALS – The equipment manufacturer for the semiconductor sector climbed 5% in the forecourt after announcing that it expected sales to exceed expectations for the first quarter of its fiscal year, estimating that the expected drop in tensions in the supply chain will help it meet demand from chipmakers.

* GAP jumped 8.6% in pre-market trading on better-than-expected third-quarter sales and profit, which were supported by resilient demand in apparel despite a high inflation.

* JD.COM – The Chinese e-commerce group listed on Wall Street took 5.3% ahead of the stock market after the publication of a quarterly turnover above expectations.

* FOOT LOCKER soared 18% in trading ahead of the opening of Wall Street as it raised its revenue and profit forecast for this year, driven by resilient demand from affluent consumers.

* FARFETCH plunged 10.5% in pre-market trading, the online retailer specializing in high-end fashion having announced that it expects a negative Ebitda margin of 3 to 5% this year, against a target of equilibrium previously.

* ROSS STORES – The action of the distributor climbed 16.7% in pre-market after the announcement of a profit higher than analysts’ expectations in the third quarter.

* META PLATFORMS – The group’s chief executive, Mark Zuckerberg, told employees on Thursday that WhatsApp and Messenger would be the next growth driver for the company, which last week announced a plan to cut more than 11,000 jobs.

* AMAZON announced on Thursday that job cuts are expected to continue into next year and adjustments are underway. The New York Times reported on Monday that the group plans to lay off 10,000 people this week.

* TESLA will recall nearly 30,000 Model X vehicles for an airbag-related problem, shows a document filed with the US traffic safety authority, NHTSA.

* VISA announced on Thursday that it has promoted Ryan McInerney to chief executive from February, replacing Alfred Kelly Jr, who had led the group since 2016.

* KKR & Co – The U.S. private equity firm is seeking to sell Canadian oil and gas producer Westbrick Energy in a deal valued at C$1.5-2.0 billion ($1.08 billion) 1.44 billion euros), two sources familiar with the matter said on Thursday.

* ABBVIE – Credit Suisse begins monitoring the value at “outperformance” with a target price of 170 dollars.

* BRISTOL-MYERS SQUIBB – Credit Suisse starts monitoring the value at “neutral” with a price target at 78 dollars.

* ELI LILLY – Credit Suisse begins monitoring the value at “outperformance” with a target price of 395 dollars.

* MERCK & CO – Credit Suisse begins monitoring the value at “outperformance” with a target price of 120 dollars.

* AMGEN – Credit Suisse begins monitoring the value at “underperformance” with a target price of 240 dollars.

* VROOM – JP Morgan raises its recommendation on the online used car retailer to “neutral” from “underweight”. (Written by Claude Chendjou, edited by Kate Entringer)



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