(Updated with index futures, Apple, Disney, Occidental Petroleum forecourt prices)
PARIS, June 29 (Reuters) –
Top stocks to watch Thursday on Wall Street, where futures on major indices suggest an open higher by
0.3% for the Dow Jones, 0.28% for the Standard & Poor’s 500 and 0.32% for the Nasdaq
* Stocks of major Wall Street banks, BANK OF AMERICA, WELLS FARGO, JPMORGAN CHASE, GOLDMAN SACHS and MORGAN STANLEY, advanced about 1% to 2.5% in foreclosure after the results of the annual “stress test” of the Fed which show that these establishments have enough capital to face a serious economic crisis. The regional banks CHARLES SCHWAB, M&T BANCORP, PNC FINANCIAL and PACWEST BANCORP gained from 1.2% to 7.3%.
* APPLE rose 0.2% in pre-market after having brushed Wednesday the symbolic bar of 3,000 billion dollars in market capitalization.
* MICRON TECHNOLOGY gained 3.8% in pre-market after the publication of a quarterly turnover higher than analysts’ expectations and a sales forecast for the current quarter better than expected.
* AMAZON – Prime Day, the group’s promotional day scheduled for July 11-12, is expected to boost sales by 12% from the same period a year ago, JPMorgan estimated Thursday.
* SALESFORCE on Thursday announced plans to invest $4 billion in its UK business over the next five years as the US software maker expects strong demand in digital transformation and artificial intelligence.
* ORACLE has spent “billions” of dollars on NVIDIA chips this year to develop its cloud computing service aimed at companies interested in artificial intelligence (AI), its founder and President, Larry Ellison.
* BERKSHIRE HATHAWAY announced on Wednesday that it had increased its stake in the capital of WESTERN PETROLEUM to more than 25% after a new investment of around 122.1 million dollars. Occidental Petroleum shares rose 1% ahead of trading.
* VISA on Wednesday announced the acquisition of the Brazilian financial technology platform Pismo for a billion dollars in cash in order to strengthen its position in Latin America.
* BLACKBERRY – The Wall Street-listed share of the Canadian group took 17.4% in pre-market after the publication of better-than-expected quarterly sales, driven in particular by an increase in cybersecurity spending.
* PFIZER – Credit Suisse lowers its advice from “outperform” to “neutral”. Pfizer shares fell 1% in pre-market trading.
* WALT DISNEY was down 0.5% after reports that KeyBanc lowered its stock advice from “overweight” to “line weight”.
* ROKU – Piper Sandler starts the trail at “neutral” with a price target at $65.
(Written by Claude Chendjou, edited by Kate Entringer)
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