Stocks to Watch: Toronto-Dominion Bank, Roku, Fitbit and More

By Ira Iosebashvili and Micah Maidenberg 

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

Facebook, Snap -- Down 0.1% and 0.4%, respectively, premarket: Facebook's current and past competitors have been speaking with Federal Trade Commission investigators about the social-media company's business practices, The Wall Street Journal reported Monday. Snap's legal team compiled a dossier listing ways the group believed Facebook tried to undermine Snap's business, according to the Journal report.

Boeing -- Down 0.6% premarket: Officials in Indonesia are expected to formally find that design and oversight lapses at Boeing played a central role in the crash of a 737 MAX jet in waters off the island nation last year, The Wall Street Journal reported Sunday.

Toronto Dominion Bank, Royal Bank of Canada -- both flat premarket: Shares of the Canadian banks have risen for 13 consecutive sessions through Friday. Bank stocks have gained in recent weeks amid a bounce in Treasury yields.

Roku -- Up 1.3% premarket: Shares of the maker of streaming-media devices rose in premarket trading Monday. The stock fell more than 19% Friday after Pivotal Research initiated coverage with a "sell" rating.

PG&E -- Down 1.7% premarket: The utility said Monday it struck an $11 billion settlement with insurers and hedge funds that sought funds from the company related to payouts insurers made to homeowners and businesses related to fires caused by the utility.

United States Steel, AK Steel Holding -- Down 4.1% and 5.8%, respectively, premarket: Analysts at JPMorgan Chase lowered their ratings on both of the steel producers, moving U.S. Steel to a "neutral" rating and AK Steel to "underweight." The analysts said weak steel prices are pressuring the sector.

Fitbit -- Up 6.3% premarket: Shares of the wearables company soared nearly 12% Friday, after reports that it has hired an investment firm to explore a possible sale.

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 Ira Iosebashvili at [e-mail] and Micah Maidenberg at [e-mail]

(END) Dow Jones Newswires

September 23, 2019 08:46 ET (12:46 GMT)

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