Stocks to Watch: Intel, American Express, Inovio, Broadcom

By Anna Isaac 

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.

Inovio Pharmaceuticals -- up 10.9% premarket: The drugmaker, along with Moderna and Novavax, said Thursday that it planned to develop a vaccine against the new respiratory virus originating in China.

Intel -- up 4.8% premarket: Healthy demand for Intel's processors boosted sales for the company, according to its results, posted after markets closed Thursday. The chip maker benefited from a rise in personal-computer shipments and orders for chips to power data centers.

Broadcom -- up 4.7% premarket: The company said Thursday it had secured multiyear supply agreements with Apple Inc. to provide wireless components for Apple products into 2023.

Discover Financial Services -- down 6.9% premarket: The financial services firm reported results following market close Thursday.

American Express -- up 2.4% premarket: The credit-card company reported Friday that its fourth-quarter profit declined from a year ago but its revenue increased.

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 Anna Isaac at [e-mail]

(END) Dow Jones Newswires

January 24, 2020 08:29 ET (13:29 GMT)

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