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Colgate-Palmolive comes up strong, Western Digital is optimistic, PG&E is cleared

Here are the companies the Yahoo Finance team is watching for you today.

A beat at Colgate-Palmolive. The soap and toothpaste giant came in better than expected on earnings and revenue. However, they warned rising costs could drive down profit in 2019.

It could be a rocky day for Western Digital. The chipmaker delivered weaker than expected earnings but some investors are cheering a stronger outlook. That sent the stock whipsawing on Thursday. The CEO says they have confidence demand will rebound later this year.

Investors are keeping a close eye on PG&E this morning. The stock's been moving after investigators cleared the utility over a 2017 wildfire. They found private electric lines were to blame, not ones owned by PG-and-E. Still, the utility plans to file for bankruptcy as it faces a growing list of lawsuits.

Canopy Growth is in the spotlight. This comes as Piper Jaffray raised its price target. The investment bank now expects the cannabis company's stock to reach $60 a share. They say Canopy is well positioned to grow as cannabis becomes a half-a-trillion dollar market, worldwide, in the coming years.

Vodafone is halting the purchase of some Huawei products. The mobile carrier said it'll stop buying Huawei gear for the 5G networks it's rolling out in Europe. This comes amid growing security concerns in the U.S. and elsewhere over the Chinese tech giant's technology.