PARIS (Reuters) – Key stocks to follow on Wall Street on Monday, where futures on key indices predict a decline of about 0.3%:
* APPLE loses 1.5% in pre-market exchanges. According to the Wall Street Journal, the group has lowered in recent weeks its production orders for its three iPhone models presented in September. The stock has fallen 11.6% since the beginning of the month.
* MICRON TECHNOLOGY fell by 2% in response to Financial Times news that the Chinese authorities are progressing in their investigation into alleged antitrust violations by Micron and South Korean Samsung Electronics and SK Hynix. China, the world's largest importer of memory chips, accounted for half of Micron's revenue last year.
* JD.COM – China's online trading group reported better-than-expected earnings for the third quarter, but its turnover, at 104.8 billion yuan (13.2 billion euros), missed consensus that was at 106.2 billion according to IBES Refinitiv. The stock, initially rising in the market, then turned down to yield up to 5.9%.
* PFIZER announced on Friday that it plans to raise the price of 41 of its drugs in the United States from January, after falling for the first time this summer under pressure from US President Donald Trump.
* PG & E – The Californian electricity company, investors fear to see on the dock after the devastating fire Camp Fire, said Friday that another of its power lines had failed in the morning of November 8, when the fire started. The action, very volatile, has lost more than 60% of its value since the beginning of the disaster.
* ZAYO GROUP HOLDINGS – Fiber optic network operator in North America and Europe received a mark of interest from a group of investors including funds managed by BLACKSTONE GROUP and KKR & Co, reported Sunday Bloomberg agency. Zayo announced on November 7 its intention to split into two listed companies, one taking over the communication infrastructure and the other dedicated to business services. The title Zayo earns 7% in avant-Bourse.
* COLFAX – The specialist in industrial equipment announced Monday the purchase of medical device manufacturer DJO Global for $ 3.15 billion (2.76 billion euros) in cash to BLACKSTONE.
* RESOLUTE ENERGY jumped 8.2% in avant-Bourse after the announcement of its purchase for $ 1.6 billion by CIMAREX ENERGY, which yields 2.5%.
* AQUESTIVE THERAPEUTICS is hopeful to obtain the approval of its Tadalafil, a treatment for erectile dysfunction competing with PFIZER Viagra and Cialis ELI LILLY, despite a first negative response Friday from the Food and Drug Administration ( FDA), the US health authority. The title lost 6% in after-market trading after this announcement.
* BLACKBERRY – The Canadian technology group's New York-listed stock is up 2% to $ 9.14 in IPO after a rating increase from CIBC's "neutral" to "outperform" value.