Stocks to Watch: Nestle, Nike, Sandoz

Dow Jones
3 hours ago

Nestle (CH:NESN): The Swiss food-product maker said it is assessing options for its Russian unit after Moscow transferred control to external administrators, in the latest move by the Kremlin to seize the local assets of international companies. Shares declined nearly 2%.

Sandoz Group (CH:SDZ): The Swiss maker of generic drugs said it received approval from Canada's drug regulator for its generic version of Novo Nordisk's Ozempic, advancing its efforts to build a portfolio of so-called GLP-1 medicines. Shares rose 2% in Switzerland.

Nike (NKE): Shares of the sports-apparel retailer retreated premarket ahead of its deletion from the S&P 100 index of large-cap companies on Sept. 21.

Coinbase Global (COIN), Robinhood Markets (HOOD), Strategy (MSTR): Shares of companies tied to cryptocurrencies jumped premarket as bitcoin's price advanced beyond $78,000, up more than 2% from its 4 p.m. ET level Thursday.

Corning (GLW), Intel (INTC), Alphabet (GOOGL): Shares of companies tied to AI jumped premarket, as investors returned to a strategy that has worked time and again this year.

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