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Company News For Oct 9, 2018

Zacks Equity Research
Updated
Rockwell Automation's (ROK) performance will likely be affected by concerns in Europe and tariffs despite strength in heavy industries, a favorable manufacturing environment, and acquisitions.

  • Alphabet, Inc.’s GOOGL shares declined 1% on reports that the company did not disclose a glitch in its software last spring that left data from users of Google+ exposed because of fears of regulatory inquiries

  • Shares of Ensco plc ESV increased 3.7% after Rowan Companies plc RDC announced a merger with the company which would be valued at $12 billion

  • Arconic Inc.’s ARNC shares jumped 7.1% on news that multiple bidders including Blackstone and Carlyle Group were in a bid to buy the aluminum products maker

  • Shares of Walmart Inc. WMT jumped 1.5% after the company said that it is partnering with movie studio Metro Goldwyn Mayer to produce original content for its Vudu video-streaming service


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