(Actualized with Lockheed Martin, Verizon, AmerisourceBergen, Raytheon Technologies)
PARIS, Jan 24 (Reuters) – Key stocks to watch on Tuesday on Wall Street where futures on major U.S. indices are signaling an open decline of between 0.2% and 0.4%:
* 3M – The industrial conglomerate announced the loss of 2,500 jobs after announcing a drop in its quarterly profit, weighed down by a charge linked to the abandonment of the production of perfluoroalkyl substances and by the slowdown in demand which weighed on its turnover.
* GENERAL ELECTRIC warned on Tuesday of a lower than expected adjusted profit for 2023, the group still being penalized by the difficulties of its renewable energy division. General Electric shares were down 1% in pre-market trading.
* JOHNSON & JOHNSON (J&J) said on Tuesday it expects a higher-than-expected full-year profit for 2023, as the pharmaceuticals group expects strong demand for its products and a recovery in its medical equipment business.
* VERIZON COMMUNICATIONS loses more than 2% in pre-market trading, as the telecom operator’s annual profit forecast did not meet market expectations with the slowdown in the growth of the number of mobile subscribers and heavy investments in the 5G technology.
* LOCKHEED MARTIN The US defense group published better-than-expected quarterly results on Tuesday but forecast 2023 profit below expectations, penalized by supply problems and higher costs.
* RAYTHEON TECHNOLOGIES, a specialist in aerospace and defense, published a fourth quarter profit above expectations, thanks to strong demand for its jet engines, spare parts and services.
* The pharmaceutical group AMERISOURCEBERGEN plans to rebrand itself as Cncora as part of its international expansion and beyond the distribution of drugs.
* HALLIBURTON reported better-than-expected fourth quarter results on Tuesday as high prices in the oil market supported its drilling activity and demand for drilling equipment and services.
* INTEL on Monday announced the resignation of its chairman Omar Ishrak and the appointment of Frank Yeary to replace him.
* FORD is expected to decide by mid-February how many jobs will be cut in Europe, a spokesman for Germany’s IG Metall union said on Tuesday.
* CAPRI – The American luxury group on Monday appointed Cedric Wilmotte as general manager of the Michael Kors brand.
* BLACKSTONE is in talks to sell about half of its stake in India’s largest property investment fund Embassy Office Parks to Bain Capital, sources say, in a deal worth up to $480 million dollars. In addition, JP Morgan raises its recommendation from “neutral” to “overweight”.
* ADVANCED MICRO DEVICES – Bernstein lowers its recommendation to “line performance” from “outperformance”. In pre-market trading, the stock lost 2.7%.
* LYFT gains more than 3% in pre-market trades after KeyBanc’s board upgrade to “overweight” vs. “online weight.” (Laetitia Volga and Blandine Hénault, editing by Kate Entringer)