Stocks to Watch: PG&E, General Electric, Broadcom, Gap and More

By Ira Iosebashvili and Dave Sebastian 

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.

PG&E: Up 8.91% premarket: PG&E agreed on an $11 billion settlement to resolve the majority of claims by insurance carriers from the 2017 Northern California wildfires and the 2018 Camp Fire.

General Electric: Up 0.4% premarket: The conglomerate's CEO said late in Thursday's session that he expects asset sales to bring in about $38 billion in cash for the company as it begins paring down its large debt load.

Broadcom: Down 0.9% premarket: The chip maker topped Wall Street earnings estimates but left its outlook unchanged.

Varian Medical Systems: Unchanged premarket: The medical device-maker's stock rose more than 9% Thursday, a day after it said that its medical linear accelerators are excluded from tariffs that China imposed on U.S. products.

Gap -- Up 0.4% premarket: The clothing retailer's Old Navy brand said it plans to open hundreds of stores as it prepares to split from its parent company.

Nissan Motor -- Unchanged premarket: The National Highway Traffic Safety Administration is taking a closer look into the automatic emergency-braking system on more than a half-million Nissan Rogue sport-utility vehicles, which owners complain can cause their vehicles to slam on the brakes for no reason.

This is an updated 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]

(END) Dow Jones Newswires

September 13, 2019 09:48 ET (13:48 GMT)

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