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Stocks to Watch: October 19, 2016
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Stocks to Watch: October 19, 2016

Check out which companies are making headlines before the bell:

Morgan Stanley — The investment bank reported quarterly profit of 81 cents per share for the third quarter, beating estimate of 63 cents a share. Revenue was also above forecasts, with Morgan Stanley's results helped by a surge in bond trading activity among other factors.

Halliburton — The oilfield services company posted a surprise profit of one cent per share, compared to analysts' forecasts for a six cents per share loss. Revenue did come in below forecasts, but Halliburton's bottom line was helped by cost cuts.

Reynolds American — The tobacco producer missed estimates by three cents a share, with quarterly profit of 61 cents per share. Revenue also fell short of forecasts.

Supervalu — The supermarket chain matched forecasts with earnings of 10 cents per share, but revenue came up short due to weaker-than-expected sales at the retail level.

Wells Fargo — Wells Fargo is delaying a planned 10-year bond sale after S&P revised the bank's credit rating outlook to "negative" from "stable." However, the bond is expected to price today, according to a Dow Jones report.

Yahoo — Yahoo reported adjusted quarterly profit of 20 cents per share, six cents a share above estimates. Revenue was in line with forecasts. Yahoo has a deal in place to be sold to Verizon, but some doubts have recently been cast upon the deal because of the recently revealed 2014 data hack.

Intel — Intel beat estimates by seven cents a share, with adjusted quarterly profit of 80 cents per share. The chipmaker's revenue also beat forecasts in what the company said was an "outstanding" quarter. Intel's results were helped by growth in its data center and cloud businesses, as well as better demand for personal computers. However, the shares are under pressure because of apparent disappointment over data center business growth rates.

Starbucks — Starbucks named its first-ever chief executive officer for its China operations. Belinda Wong, who had been president of that unit, becomes CEO, with the coffee chain aiming to double its China presence to 5,000 stores by 2021.

News Corp. — News Corp.'s Dow Jones unit has told its employees union that it is planning a restructuring because of ad sales volatility. The Wall Street Journal — a Dow Jones publication — reports that it is not yet clear what form the restructuring would take, but that it may involve a reduction in head count.

Microsoft — The company's Surface tablets were the target of criticism from New England Patriots coach Bill Belichick, who said he will not use them anymore on the sidelines because the devices do not perform consistently.

Intuitive Surgical — Intuitive Surgical reported adjusted quarterly profit of $6.19 per share, well above estimates of $5.14 a share. The surgical products maker's revenue was also above forecasts. However, shares came under pressure after the company maintained its prior full-year forecast.

Hewlett Packard Enterprise — HPE reaffirmed its full-year forecast at a meeting with analysts, but the cloud services and solutions company said it would see some short-term pressure after two planned spinoffs close during the coming fiscal year.

Visa — The credit card issuer increased its quarterly dividend by 2.5 cents to 16.5 cents per share, a rise of 18 percent.

Apple — Apple plans to launch new versions of its Mac computers at an October 27 event, according to Recode.