Home Stocks Stocks to Watch: PG&E, Citigroup, Lululemon, A.O. Smith, Gannett, Bed Bath & Beyond, UnitedHealth, Lennar, Starbucks, Yeti, Denny’s – Wall Street Journal

Stocks to Watch: PG&E, Citigroup, Lululemon, A.O. Smith, Gannett, Bed Bath & Beyond, UnitedHealth, Lennar, Starbucks, Yeti, Denny’s – Wall Street Journal

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Starbucks finished down 0.7% Friday after earlier falling as much as 3.9% following a Goldman Sachs downgrade to neutral from buy.


Photo:

Putu Sayoga/Bloomberg News

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.

PG&E Corp.—Down 44% premarket:

PG&E
Corp.


PCG -49.18%

said it will seek chapter 11 bankruptcy protection, a day after the company’s CEO stepped down over the financial fallout spurred by the utility’s role in helping spark the California wildfires.

Newmont Mining
Corp.


NEM -7.43%

—Down 6.5% premarket: Newmont Mining agreed to buy rival Canadian gold producer Goldcorp Inc. in a $10 billion, all-stock deal that would create the world’s largest gold mining company and intensify a consolidation wave triggered in part by languishing prices and dwindling supplies of easy-to-find gold.

Citigroup Inc.—Down 0.8% premarket:

Citigroup


C 3.18%

said its fourth-quarter profit surged from a year ago, when it took a large write-down related to changes in the U.S. tax code, but the New York bank missed revenue expectations.

Lululemon Athletica Inc.—Up 3% premarket:

Lululemon


LULU 8.66%

Athletica raised its revenue and earnings guidance for the fourth quarter.

Gannett
Co.


GCI 18.41%

Inc.—Up 20% premarket: MNG Enterprises Inc., a hedge-fund-backed media group known for buying up struggling local papers and cutting costs, has made an offer for USA Today publisher Gannett Co.

Bed Bath & Beyond
Inc.


BBBY 0.85%

—Down 2.2% premarket: Shares of the beaten-down retailer have risen 24% in the last two sessions after reporting quarterly profits roughly in line with Wall Street expectations and missing on sales.

UnitedHealth


UNH 0.60%

Group Inc.—Down 0.2% premarket: The health-care company has climbed in six consecutive sessions, the longest such streak in nearly a year.

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A.O. Smith Corp.—Up less than 0.1% premarket: The firm said Monday that its chief financial officer is retiring in May.

Lennar
Corp.


LEN -0.93%

—Down 1.9% premarket: The home builder rose 13% last week after topping earnings expectations and announcing a share repurchase program, its largest weekly advance since June 2012.

Starbucks
Corp.


SBUX 0.38%

—Down 0.5% premarket: The coffee chain finished down 0.7% Friday after falling earlier as much as 3.9% following a Goldman Sachs downgrade to neutral from buy.

Yeti Holdings
Inc.


YETI 9.45%

—Up 8.9% premarket: The manufacturer of coolers and water bottlers raised its full-year profit guidance.

Denny’s
Corp.


DENN 3.28%

—Up 0.2% premarket: Denny’s said that preliminary domestic same-store sales rose 1.4% in the company’s fourth quarter, resulting in an 0.8% overall fiscal-year increase.

This is an expanded version of the “Stocks to Watch” section of our Markets newsletter.. To receive it every morning via email, click here.

Write to Francesca Fontana at francesca.fontana@wsj.com and Amrith Ramkumar at amrith.ramkumar@wsj.com

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