Stocks to Watch: Garmin, MGM Resorts and More...
Stocks tumbled in trading Wednesday as energy and materials stocks continued to weaken, and as investors digested weak economic news on the service sector and jobs.
The Dow Jones Industrial Average dropped more than 80 points after edging into positive territory at the end of a choppy session on Tuesday.
Among Dow components, Chevron, GE and Exxon Mobil fell, while Intel and Cisco gained.
Garmin
The technology company's first-quarter profit nearly doubled thanks to robust growth.
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Cardinal Health
The Dublin, Ohio-based company announced it will hike its dividend by 10 percent.
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MGM Resorts
The casino and resort operator posted a small quarterly loss, even though hotel occupancy and reservation rates improved at most of its Las Vegas properties.
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Devon Energy
Shares of this independent oil and gas company fell after it reported a drop in first-quarter profits.
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HJ Heinz
On Wednesday, the food company's stock traded at highs not seen since Sept. 2008.
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Kellogg
The cereal maker reported a lower-than-expected quarterly profit. It blamed higher costs for food ingredients.
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