Stocks to Watch: Boeing, Navistar, Netflix, Heico, FedEx
|12/17/2019 | 08:45am|
By James Willhite
Here are some of the companies with shares expected to trade actively in Tuesday's session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Boeing Co. -- down 1.6% premarket: Boeing said it would suspend production of its 737 MAX jetliner, marking an escalation of the crisis facing the giant plane maker that will ripple through the global aerospace industry.
Navistar International Corp. -- down 4.2% premarket: The truck maker early Tuesday posted lower profit and revenue for the fourth quarter.
Netflix Inc. -- down 0.4% premarket: The streaming giant released new metrics revealing how fast it is expanding in specific regions of the world, in an effort to persuade Wall Street to focus more on its growth outside the U.S. market.
Heico Corp. -- up 2.4% premarket: The aerospace and electronics company said profit jumped 27% in the fiscal fourth quarter on higher sales.
FedEx Corp. -- down 1% premarket: Amazon.com Inc. is blocking its third-party sellers from using FedEx's ground delivery network for Prime shipments, citing a decline in performance heading into the final stretch of the holiday shopping season. FedEx's latest quarterly results are due after markets close.
Companies reporting earnings Tuesday include Cintas Corp. and Steelcase Inc.
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Write to James Willhite at email@example.com