Here are some of the companies with shares expected to trade actively in Monday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Boeing Company—Down 4.2% premarket: The aerospace company will cut production of its 737 MAX by a fifth and appointed a special board committee to examine its development of new planes late Friday following two crashes of its best-selling jetliner.
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General Electric Co. GE -6.25% —Down 6% premarket: General Electric was downgraded to underweight from neutral by JPMorgan .
Micron Technology Inc. MU -1.25% —Down 2.2% premarket: Micron stock was downgraded to market perform from outperform at Cowen. A stock analyst said his field work indicates “the confluence of a sea change in the competitive environment, an erosion in Micron’s NAND cost leadership, and our analysis of the last seven DRAM and four NAND cycles” that suggests Micron’s profitability could fall again in calendar 2020.
CVS Health Corp.—Up 0.2% premarket: A federal judge said he wanted to hear in court from witnesses who object to the Justice Department’s decision to allow the company’s acquisition of Aetna. The deal closed in November.
Tesla Inc.—Up 0.8% premarket: The electric-auto maker’s board reviewed allegations that Chief Executive Elon Musk pushed a former senior leader at the company in a heated confrontation after the employee had resigned, Bloomberg reported. Tesla’s board concluded there wasn’t a “physical altercation” and didn’t specifically address the allegations of physical contact or verbal abuse, the report said.
Hess Corp.—Up 0.8% premarket: Shares of the energy company rose 3.7% Friday to their highest level in five months. They have climbed in four consecutive weeks.
Urban Outfitters Inc.—Up 0.1% premarket: Shares of the retailer have climbed in 10 consecutive sessions, the longest such streak since November 2017.
Dollar Tree Inc. DLTR -2.10% —Down 1% premarket: Starboard Value LP., which scored a partial victory in its fight to get Dollar Tree to test selling some items above the $1 threshold typically associated with dollar stores, on Friday said it was withdrawing its slate of director nominees.
2U Inc.—Unchanged premarket: Education technology provider 2U Inc. TWOU -4.81% has agreed to acquire Trilogy Education Services Inc. for $750 million in cash and stock in a push to expand its digital education offerings.
This is an expanded version of the “Stocks to Watch” section of our Markets newsletter. To receive it every morning via email, click here.
Write to Francesca Fontana at francesca.fontana@wsj.com and Amrith Ramkumar at amrith.ramkumar@wsj.com
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