Top Stocks to Watch on Wall Street: Mattel, Warner Bros, AmEx, Blackstone, Chewy, Activision

(Updated with Mattel, Warner Bros, AmEx, Blackstone, Chewy, Activision) PARIS, July 21 (Reuters) – Top stocks to watch on Friday on Wall Street, where major index futures suggest the Dow Jones .DJI opened slightly higher by 0.12%, and the Standard & Poor’s 500 .SPX rose 0.28% and the Nasdaq 0.51%. IXIC: * AMERICAN EXPRESS AXP.N beat its second-quarter profit forecast on Friday as its affluent customers continued to spend. The group reported earnings of $2.89 per share, with the average consensus reaching $2.81, according to data from Refinitiv. * CHWY CHWY.N is up 2.3% before the open, as billionaire investor Steven Cohen said he held a passive 5.8% stake in the company. * WARNER BROS WBD.O and MATTEL MAT.O are on the rise ahead of the opening, with the movie “Barbie” hitting theaters around the world on Friday. The shares are up 1% and 2% respectively in pre-market trading. * EMERGENT BIOSOLUTIONS EBS.N is up 16% ahead of opening as the U.S. Food and Drug Administration (FDA) approved Emergent’s anthrax vaccine, Cyfendus, for use in adults ages 18-65. * DIGITAL WORLD ACQUISITION DWAC.O rose 18.5% after trading, after ending fraud charges brought against it by the US Securities and Exchange Commission (SEC). The company, a SPAC, was to merge with former US President Donald Trump’s media company, Truth Media. * CSX CSX.O – The US rail operator’s results fell short of Wall Street expectations as the group suffered from lower volumes and higher fuel prices. The stock fell about 5% before the open. * ACTIVISION BLIZZARD ATVI.O – Roth MKM lowers its recommendation from “buy” to “neutral”. * BLACKSTONE BX.N – JP Morgan lowers its recommendation from ‘overweight’ to ‘neutral’. The action lost 1.82% before the opening. * CARVANA CVNA.N Piper Sandler lowers its recommendation from “overweight” to “neutral”. * DISCOVER FINANCIAL SERVICES DFS.N – Piper Sandler lowers its recommendation from “overweight” to “neutral”. (Report Corentin Chapron, edited by Kate Entringer)
2023-07-21 09:57:07


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