(Discounted with Micron and Futures)
March 31 (Reuters) – Top stocks to watch on Friday on Wall Street where index futures give an opening up 0.37% for the Dow Jones
.DJI by 0.25% for the Standard & Poor’s-500 .SPX > and by 0.12% for the Nasdaq.
* KRAFT HEINZ KHC.O – The U.S. food giant has agreed to sell its baby food business in Russia to local soda and snack maker Chernogolovka, a representative of the Russian company told Reuters on Friday, which believes the value of the transaction between 2.5 billion and 3 billion rubles (35.76 million euros).
* MICRON MU.O – The stock lost 3.3% on the forefront as China’s cyberspace regulator announced on Friday that it will conduct a cybersecurity review of products sold in China by the manufacturer of chips.
* VALERO VLO.N, the second-largest US oil refiner, is seeking clearance from Washington to import Venezuelan crude, according to four people familiar with the matter, hoping for a repeat of the clearance given to giant Chevron CVX.N in November last. The United States imposed an embargo on Venezuelan oil exports in 2019.
* VIRGIN ORBIT VORB.O said on Thursday it will cut around 85% of its workforce after failing to find new investment, adding that it expects to face related charges of around 15 million dollars. The action lost 49.6% before the market.
* NETFLIX NFLX.O is restructuring its film group and cutting production to ensure high-quality titles, which will lead to layoffs and the departure of two of its most senior executives, Bloomberg reported Thursday.
* TESLA TSLA.O – Tesla CEO Elon Musk plans to visit China, the group’s second-biggest market after the United States, as early as April and wants to meet Chinese Premier Li Qiang, the company told Reuters two sources familiar with the preparations for the trip.
* UNITEDHEALTH UNH.N – The CMA, the British competition authority, announced on Friday that it would refer UnitedHealth’s acquisition of health technology company EMIS EMISG.L to a phase 2 investigation, after rejecting the remedies proposed by the American company to mitigate the competitive impact of the combination.
* BLACKBERRY BB.N – The action of the Canadian software group listed in New York fell 4% in the forefront following disappointing results and outlook.
* RUMBLE RUM.O is ahead 14.6% in pre-market trading, as the Canadian video-sharing platform popular with conservatives reported an increase in revenue in the fourth quarter.
* NIKE NKE.N – Activist investor platform Tulipshare on Thursday called on the group to offer more transparency on working conditions in its supply chain.
* VERIZON VZ.N – The US Federal Civil Aviation Administration (FAA) announced Thursday that it has awarded Verizon a contract worth $2.4 billion over 15 years to design, build and operating the government agency’s new next-generation communications platform.
(Written by Diana Mandiá, Editing by Kate Entringer)
