Stocks to Watch: Adobe Systems, Micron, Wells Fargo

By Amrith Ramkumar 

Here are some of the companies with shares expected to trade actively in Friday's session. Check back closer to the market open for an updated list.

Adobe Systems Inc.: Adobe announced it would acquire closely held marketing-automation company Marketo for $4.75 billion.

Micron Technology: The chip maker exceeded profit and sales targets in its latest quarter.

Wells Fargo: The bank said it expects to cut its workforce by 5% to 10% within the next three years, including displacements and normal attrition, as part of its continuing transformation.

General Electric: Shares fell 3.1% Thursday, their largest one-day drop in two months, after the industrial conglomerate discovered a flaw in its newest power-plant turbines after a key part failed earlier in September.

Eventbrite: Shares of the ticketing and event-services company jumped nearly 60% from their initial public offering price in their market debut Thursday.

MDC Partners: The embattled advertising company is exploring a potential sale amid a slowdown in its performance and following the exit of its chief executive, The Wall Street Journal reported late in Thursday's session. Shares closed up 7%.

United Natural Foods: The company missed on earnings in its fiscal fourth quarter.

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 [e-mail]

(END) Dow Jones Newswires

September 21, 2018 06:57 ET (10:57 GMT)

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