Stocks to Watch: Apple, Nike and Smart Global--Update

By Francesca Fontana and Ira Iosebashvili 

Here are some of the companies with shares expected to trade actively in Friday's session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.

Apple Inc. -- Down 0.5% premarket: Shares of the company were down almost 1.4% in the extended session after it announced design chief Jony Ive will leave later this year to form his own company.

Nike Inc. -- Up 0.1% premarket: The apparel maker posted higher sales in the latest quarter, boosted by strong demand in both the U.S. and China, despite the continuing trade conflict between the two countries.

Smart Global Holdings Inc. -- Down 3.3% premarket: The chip manufacturer was down more than 13% in late trading after reporting weaker-than-expected revenue for its third fiscal quarter.

Boeing Co. -- Up 0.1% premarket: The company's troubled 737 MAX fleet is expected to stay grounded until late this year due to its latest flight-control problem.

Constellation Brands Inc. -- Up 7.3% premarket: The Corona brewer said it expects beer sales to continue rising in the single digits in fiscal 2020, with wine and spirits sales down in the double digits.

Goldman Sachs Group Inc. -- Up 2.4% premarket: Goldman Sachs and other bank stocks moved higher after all 18 banks reviewed passed round two of the Federal Reserve's stress tests.

Twitter Inc. -- Up 0.6% premarket: The social media company said it would begin flagging tweets by government officials and political figures world-wide who violate its rules, a response to criticism of its oversight that could set the company up for new controversy.

This is an expanded version of the "Stocks to Watch" section of our Markets newsletter. To receive it every morning via email, click here.

Write to Francesca Fontana at [e-mail] and Ira Iosebashvili at [e-mail]

(END) Dow Jones Newswires

June 28, 2019 09:29 ET (13:29 GMT)

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