Stocks to Watch Wednesday: Intel, Chipotle, Micron -- WSJ

Dow Jones03-20

By Anna Hirtenstein

Intel $(INTC)$: The U.S. government granted the company up to $8.5 billion to help fund new chip plants. Its shares rose nearly 4% in premarket trading.

Samsung Electronics (KR: 005930) (SSNLF): Shares of the Korean electronic giant rallied over 5% following reports that Nvidia $(NVDA)$ may buy its next-generation chips.

Chipotle Mexican Grill $(CMG)$: The restaurant chain's board approved a plan for a 50-for-1 stock split. Shares jumped nearly 7% in off-hours trading.

Kering (FR: KER) (PPRUF): Shares of the Gucci owner dropped 14% after it issued a profit warning due to a steep decline in sales. Other European luxury stocks, including LVMH Moet Hennessy Louis Vuitton (FR:MC) and Burberry Group (UK:BRBY), also sold off.

JetBlue $(JBLU)$: The airline's shares fell more than 2% in thin premarket trading, following three days of declines. JetBlue said Tuesday it would exit certain cities and end some flight routes due to weak performance.

Lonza (CH:LONN): Shares of the Swiss healthcare company rose around 4% after it agreed to buy a U.S. manufacturing facility from Roche (CH:ROG) for around $1.2 billion.

General Mills $(GIS)$ is set to post earnings ahead of the market open.

Results are due from memory-chip manufacturer Micron Technology $(MU)$ after the close.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 20, 2024 05:41 ET (09:41 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Its shares rose nearly 4% in premarket trading. \n\n\n     Samsung ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BJJMRY28.SGD","symbol_name":"Janus Henderson Balanced A Inc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2420715385","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420715385","pubTimestamp":1710927660,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Intel : The U.S. government granted the company up to $8.5 billion to help fund new chip plants. 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Its shares rose nearly 4% in premarket trading. \n\n\n     Samsung Electronics (KR: 005930) (SSNLF): Shares of the Korean electronic giant rallied over 5% following reports that Nvidia $(NVDA)$ may buy its next-generation chips. \n\n\n     Chipotle Mexican Grill $(CMG)$: The restaurant chain's board approved a plan for a 50-for-1 stock split. Shares jumped nearly 7% in off-hours trading. \n\n\n     Kering (FR: KER) (PPRUF): Shares of the Gucci owner dropped 14% after it issued a profit warning due to a steep decline in sales. Other European luxury stocks, including LVMH Moet Hennessy Louis Vuitton (FR:MC) and Burberry Group (UK:BRBY), also sold off. \n\n\n     JetBlue $(JBLU)$: The airline's shares fell more than 2% in thin premarket trading, following three days of declines. 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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  March 20, 2024 05:41 ET (09:41 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420715385"}