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Stocks to Watch: October 20, 2016
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Stocks to Watch: October 20, 2016

Check out which companies are making headlines before the bell:

Travelers — The insurer earned an adjusted $2.40 per share for the third quarter, two cents a share above estimates. Revenue also came in above forecasts. Profit did fall from a year earlier, however, due to higher weather-related losses, but premiums did rise to a record high.

Verizon — Verizon beat estimates by two cents a share, with adjusted quarterly profit of $1.01 per share. Revenue fell slightly shy of analysts' forecasts, however. The company said it is in the midst of transforming itself in a "challenging environment," but noted strong profitability and customer loyalty.

American Airlines Group — The airline earned $1.76 per share for the third quarter, seven cents a share above estimates. Revenue was slightly above the Street's consensus. CEO Doug Parker noted the success of the company's integration efforts following its merger with US Airways.

Walgreens Boots Alliance — The drugstore operator beat estimates by eight cents a share, with adjusted quarterly profit of $1.07 per share, Revenue fell below forecasts, however. Comparable-store sales rose 3.2 percent compared to a year earlier.

Dunkin' Brands — The company earned an adjusted 60 cents per share for its latest quarter, one cent a share above estimates. Revenue missed forecasts, however, due to fewer openings and a drop in sales at Baskin-Robbins outlets.

Alaska Air — The airline came in 11 cents a share above estimates, with adjusted quarterly profit of $2.20 per share. Revenue was essentially in line with forecasts. Overall profit did fall due to costs related to Alaska Air's planned merger with Virgin America.

Bank of New York Mellon — The bank reported adjusted quarterly profit of 90 cents per share, nine cents a share above estimates. Revenue also beat Street forecasts. Bank of New York Mellon was helped by lower costs and an increase in revenue from a year earlier.

Quest Diagnostics — The medical lab operator came in two cents a share above estimates, with adjusted quarterly profit of $1.37 per share. Revenue was in line with forecasts. Quest also raised its full-year forecast, crediting its improved performance to expansion of its health system relationships.

American Express — The financial services company reporting adjusted quarterly profit of $1.24 per share, well above estimates of 97 cents a share. Revenue also beat forecasts. Additionally, Amex raised its earnings outlook for the year on better credit quality and increased emphasis on its platinum card.

Tesla Motors — Tesla announced that all of its new vehicles will be equipped with hardware that enables fully autonomous driving, with the automaker planning to have a vehicle drive itself from Los Angeles to New York by the end of 2017.

Wells Fargo — Wells Fargo is the subject of a criminal investigation by California's attorney general, centering on whether the creation of new accounts by the bank's sales staff involved identity theft.

JPMorgan Chase — JPMorgan is said to be in talks to sell its stake in a Chinese securities joint venture.

Alphabet — Alphabet's Google unit reportedly reached a deal with CBS to carry the network on a soon to be launched online TV service, according to The Wall Street Journal.

Mattel — Mattel reported adjusted quarterly profit of 70 cents per share, one cent a share below estimates. Sales came in slightly above forecasts. The toy maker did see a strong rebound in Barbie-related sales as well as improvement in its American Girl business.

EBay — EBay came in one cent a share above estimates, with quarter profit of 45 cents per share. Revenue was slightly above forecasts, but the online retailer gave a current-quarter forecast that disappointed some investors.

Caesars Entertainment — The casino operator's deal with creditors to bring its operating unit out of bankruptcy protection has been brought under question by a lawyer for the government's bankruptcy watchdog, who said the deal must not violate the law even if all parties agree to it.

Tableau Software — Tableau remains on watch today after surging Wednesday on reports that it has explored a sale in recent months. The Wall Street Journal reported that the business software company worked on a sale this past summer before the effort failed.

Netflix — Netflix and 21st Century Fox are in a court battle over alleged employee poaching. Fox accuses Netflix of illegally hiring two employees who were under contract at Fox, but Netflix filed a complaint questioning the legality of those contracts.