Hot Stocks to Watch in the U.S. and Canada
August 14 2017 - 9:58AM
Dow Jones News
By Justina Vasquez
Among the companies with shares expected to trade actively in
Monday's session are Merck & Co. (MRK), Regeneron
Pharmaceuticals Inc. (REGN) and Seagate Technology PLC (STX).
Merck Chief Executive Kenneth Frazier said Monday morning that
he would resign from the President's Manufacturing Council in
disagreement with Mr. Trump's responses to weekend rallies in
Charlottesville, Va., saying in statement, "I feel a responsibility
to take a stand against intolerance and extremism." Shares are up
0.3% premarket at $62.58.
Regeneron reported Friday that its sales rose ahead of
expectations in its latest quarter. However, the company also
reported that its antibody-discovery agreement with Sanofi SA (SNY)
would end this year without extension. Shares in Regeneron are down
1.4% at $460 premarket.
ValueAct Capital Management LP disclosed a 7.2% stake in Seagate
Technology, which helped lift the company's shares 0.9% to $32.57
ahead of the market open.
Netflix Inc. (NFLX) said it will work with Scandal and Grey's
Anatomy creator Shonda Rhimes as the streaming service continues to
work on securing top talent in content creation. However, shares in
Netflix are down 0.8% premarket at $170.
Write to Justina Vasquez at justina.vasquez@wsj.com
(END) Dow Jones Newswires
August 14, 2017 09:43 ET (13:43 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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