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Stocks - Hasbro Tumbles in Pre-market; Halliburton, Fiat Chrysler Gain

Published 10/22/2018, 08:37 AM
Updated 10/22/2018, 08:37 AM
© Reuters.  Stocks in focus in pre-market trade on Monday

Investing.com - Stocks in focus in pre-market trade Monday:

• Hasbro (NASDAQ:HAS) stock tumbled 7.64% by 8:08 AM ET (12:08 GMT) after the company reported a bigger-than-expected drop in quarterly revenue after the impact of the bankruptcy of its long-term customer Toys 'R' Us.

• Halliburton (NYSE:HAL) stock advanced 2.02% after the company reported third-quarter results that topped consensus on the top and bottom lines.

• Kimberly-Clark (NYSE:KMB) stock rose 1.24% after third-quarter results beat consensus and the company reiterated its full-year guidance for organic sales growth and adjusted earnings per share.

• Fiat Chrysler (NYSE:FCAU) stock jumped 5.29% after Calsonic Kansei said it would buy the company’s high-tech parts-making unit Magnet Marelli for €6.2 billion ($7.1 billion).

• Caesars Entertainment (NASDAQ:CZR) fell 3.53% as The New York Post reported that the company planned to reject a merger offer from the owner of Golden Nugget Casinos, Tilman Fertitta.

• Jacobs Engineering Group (NYSE:JEC) stock gained 3.07% after the company agreed to sell its energy, chemicals and resources business to WorleyParsons (AX:WOR) for $3.3 billion.

Alibaba (NYSE:BABA) stock rose 3.40% amid news that it opened two data centers in the UK as part of its strategy to expand its cloud footprint in Europe.

Polaris Industries (NYSE:PII) stock traded up 3.48% after reporting North American retail sales rising 1%.

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