Top Stocks to Watch: BlackRock, UnitedHealth, JPMorgan Chase, Wells Fargo, and More- Updated July 14

2023-07-14 11:19:00
(Updated with BlackRock and UnitedHealth) July 14 (Archyde.com) – Top stocks to watch on Friday on Wall Street where index futures open up 0.42% for the Dow Jones .DJI and 0.09% for the Standard & Poor’s-500 .SPX , while the Nasdaq .IXIC might retreat 0.08%: * JPMORGAN CHASE JPM.N reported a 67% jump in second-quarter profit on Friday, notably boosted by rising interest rates. The action took 2.4% before the market. * WELLS FARGO WFC.N on Friday reported quarterly profit up 57% on borrowing interest income. The bank also raised its forecast for net interest income for this year, which caused the stock to jump by nearly 4% in market forefront. * BLACKROCK BLK.N, the world’s largest asset manager, reported a 25% rise in second-quarter adjusted profit on Friday, thanks to strong capital inflows into its various investment funds investment. The action advanced 1.1% in pre-market trading. * UNITED HEALTH UNH.N on Friday posted better-than-expected quarterly earnings on the back of lower-than-expected spending, helping the stock rise regarding 3% ahead of the market. * MICROSOFT MSFT.O – The UK Competition Authority (CMA) on Friday extended until August 29 its deadline to decide on the acquisition of Activision Blizzard ATVI.O, the maker of “Call of Duty”, by Microsoft, following having received a new proposal from the latter. Microsoft shares rose 1.6% in pre-market trading, while Activision Blizzard shares rose 2.2%. * TESLA TSLA.O – The group began selling its Model Y car in South Korea on Friday at a price of 56.99 million won (40,056 euros), according to the automaker’s website, making the vehicles eligible for the maximum rate of government subsidies. Thanks to subsidies and Tesla’s sponsorship program, the price can be further reduced to below 50 million won, the company said. * ROIVANT ROIV.O – The biotech company is in talks to sell Roche ROG.S an investigational drug to treat inflammatory bowel diseases, including ulcerative colitis and Crohn’s disease, as part of a transaction that might be valued at more than $7 billion, the Wall Street Journal reported Thursday. * CITIGROUP CN – The Mexican government is no longer interested in buying Banamex, the local arm of Citigroup, an executive spokesman said on Thursday, adding that the US bank “chose a different path” to his unit. * AT&T TN lost 1.7% in pre-market following JPMorgan lowered its recommendation on the stock to “neutral”. (Written by Diana Mandiá, editing by Kate Entringer and Claude Chendjou)
1689342553
#USAThe #values #follow #Wall #Street #updated