Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
HP (HPQ) shares were higher early Friday after forecasting a profitable 2018. The tech company says it expects to generate at least $3 billion in cash flow. It’s pledging to continue giving shareholders 50% to 75% of that money. The PC and printer maker, which was split two years ago from industrial and software divisions, expects strong growth for its 3D printers.
Samsung (005930.KS) shares fell in Asian trading after the company’s CEO unexpectedly resigned. Kwon Oh-hyun cited an “unprecedented crisis” and time for new, young leadership at the company. He was expected take a bigger role at Samsung following an exodus of key execs in the wake of a huge bribery scandal. Analysts are calling his move quote nonsensical, citing an earnings beat and positive Q4 forecast. Kwon will remain with Samsung until his term ends in March.
Monsanto (MON) stock rose in early trading. Germany’s Bayer (BAYRY), which is in the process of buying Monsanto, says it reached a $7 billion dollar with competitor BASF (BASFY) to sell parts of its crop-science business. The sale is expected to satisfy regulators concerns about the $57 billion mega buyout.
Netflix (NFLX) shares soared in early trading. The streaming service just got its most bullish call yet. Goldman Sachs (GS) thinks subscriber growth will far outpace expectations for the next two quarters. It reaffirmed its buy rating and raised its price target to $235 up from $200. Netflix is scheduled to report quarterly results after the close on Monday.