(Updated with Amazon/iRobot, Tesla, Waters/Wyatt Technology, Kraft details)
PARIS, Feb 15 (Archyde.com) – Top stocks to watch on Wednesday on Wall Street, where futures on major indices suggest a lower open:
* TESLA TSLA.O will suspend part of its production in Shanghai until the end of February to modernize its facilities in order to launch a new version of the Model 3, the Bloomberg agency reported on Wednesday.
* AMAZON AMZN.O – The European Union’s competition authority is set to launch an investigation into Amazon’s purchase of iRobot IRBT.O for $1.7 billion, the Financial Times reports.
* KRAFT HEINZ KHC.O announced on Wednesday that it expects annual profit to be lower than expected due to the impact of inflation on its margins, causing the stock to fall by 1.2% in pre-market trading.
* BIOGEN BIIB.O’s quarterly revenue and profit beat Wall Street expectations on strong demand for Spinraza, its spinal muscular atrophy drug.
* TSMC TSM.N lost 6% in pre-market trading, as Berkshire Hathaway BRKa.N reduced its stake in the Taiwanese chipmaker by 86.2%. Warren Buffett’s investment company also sold shares in US BANCORP USB.N, BNY MELLON BK.N, CHEVRON CVX.N, ACTIVISION BLIZZARD ATVI.O and KROGER KR.N but strengthened its capital by APPLE AAPL.O and PARAMOUNT PARA.O .
* AIRBNB ABNB.O expects revenue for the current quarter to be higher than the consensus of analysts, thanks to the strength of demand and tight control of its expenses. Short-term accommodation rental platform gained more than 9% in transactions before opening
* TRIPADVISOR TRIP.O – The online tour operator jumped 9% in pre-market trading the day following the publication of adjusted earnings and sales for the fourth, both above analysts’ expectations.
* DEVON ENERGY DVN.N fell 6.5% in pre-market trading as the energy producer’s profit came in below expectations in the fourth quarter due to higher wage costs and winter storm Elliott which hit affected production in December.
* WATERS CORP WAT.N, maker of laboratory equipment and software, has announced that it will buy its competitor Wyatt Technology for $1.36 billion.
(Laetitia Volga and Claude Chendjou, edited by Tangi Salaün and Blandine Hénault)
