Stocks to Watch: Exxon Mobil, Chevron, Schlumberger, Delta Air Lines, General Motors - The Wall Street Journal

Caterpillar rallied 9% last week for its largest weekly gain since last November. Photo: Justin Sullivan/Getty Images

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Amrith Ramkumar and

Amrith Ramkumar
The Wall Street Journal
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• @AmrithRamkumar
• amrith.ramkumar@wsj.com

Micah Maidenberg

Micah Maidenberg
The Wall Street Journal
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• @MicahMaidenberg
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Updated Sept. 16, 2019 8:44 am ET

Here are some of the companies with shares expected to trade actively in Monday’s session:

Exxon Mobil , Chevron , ConocoPhillips —Up 3.8%, 3.3% and 7.7%, respectively, premarket: Weekend attacks in Saudi Arabia disrupted oil facilities in the world’s largest crude exporter, potentially boosting oil prices and shares of oil producers.

Schlumberger, Halliburton , Baker Hughes —Up 7.7%, 7.3% and 4.8%, respectively, premarket: Oilfield-services and equipment companies including Schlumberger are also gaining following the attacks in Saudi Arabia.

Delta Air Lines , United Airlines, American Airlines —down 3.6, 3.4% and 4.6% premarket: Fuel is a major operating expense for airlines, meaning any jump in oil prices could damp profits at carriers.

Apple Inc.—Down 0.3% premarket: Walt Disney CEO Robert Iger resigned from the tech giant’s board of directors last week, per a regulatory filing.

JPMorgan Chase & Co.—Down 1.1% premarket: The bank has risen in eight consecutive sessions, the longest such stretch since February 2014, boosted by a rebound in Treasury yields. Higher rates support lending profitability.

Caterpillar Inc. —Down 0.5% premarket: The maker of heavy machinery rallied 9% last week for its largest weekly gain since last November.

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General Motors —Down 2.2% premarket: Around 46,000 workers at General Motors walked off the job early Monday, the first strike at the auto maker in a dozen years.

Walgreens Boots Alliance Inc. —Down 0.5% premarket: Shares of the drugstore chain rallied 6.5% last week, their best week since July 2015.

Freeport-McMoRan Inc. —Up 0.1% premarket: The copper miner rebounded 14% last week with prices of the industrial metal climbing to their highest level since late July on hopes for an improved economic outlook.

This is a version of the “Stocks to Watch” section of our Markets newsletter. To receive it every morning via email, click here.

Write to Amrith Ramkumar at amrith.ramkumar@wsj.com and Micah Maidenberg at micah.maidenberg@wsj.com

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https://www.wsj.com/articles/stocks-to-watch-apple-jpmorgan-caterpillar-freeport-mcmoran-and-more-11568628000

2019-09-16 12:44:00Z
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