Stocks to Watch Monday: Coinbase, Abbott, McDonald's, Heineken -- WSJ

Dow Jones07-29

By Angus Berwick

Coinbase $(COIN)$: Stock in the U.S. cryptocurrency exchange rose 4% in premarket trading. Bitcoin's price has climbed since Donald Trump said Saturday that he intended to create a "strategic national bitcoin stockpile" if elected president.

Abbott Laboratories $(ABT)$: A jury ordered Abbott to pay $495 million in compensation and damages, after finding the company failed to warn that a baby formula increased the risk of bowel disease. Abbott stock fell more than 6% premarket.

Heineken (HEINY), (NL:HEIA): The Dutch brewer swung to a first-half loss as it took a roughly $949 million writedown on its stake in China's CR Beer (HK:291). Heineken's Amsterdam-listed shares dropped more than 6%.

McDonald's $(MCD)$ is due to report results before the market opens. Earnings from Welltower $(WELL)$, the healthcare-focused real estate investment trust, are expected 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

July 29, 2024 04:50 ET (08:50 GMT)

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

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