U.S. Markets closed

PG&E, Boeing, Deere, Sears, Apple: Companies to Watch


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

There's growing backlash against PG&E (PCG), in the wake of last week's intentional blackouts in California. A scathing New York Times report showed the utility struggled to communicate with customers and officials as it began shutting off power to prevent wildfires. The CEO is pledging to do a better job going forward, while warning there will likely be more blackouts.

Current Boeing (BA) CEO Dennis Muilenburg is being removed as chairman and will be replaced by current lead independent director David Calhoun. Until now, the company's board has resisted leadership changes and has shown loyalty to Muilenburg as the company has been under pressure since April, after two crashes of its 737 Max Jet aircraft killed 346 people.

With the trade war hurting its sales, Deere (DE) is reportedly making a big investment in its leasing program. The company has funneled billions of dollars annually to buy its own equipment to make up for slowing demand for new products, according to the Wall Street Journal. The move has added to sales of new equipment, but the long-term affects could result in less-reliable profits for the company.

It may finally be all be over for dying Sears (SHLDQ). Another 100 of the 425 stores that Eddie Lampert bought out of bankruptcy are closing, according to the Wall Street Journal. Meanwhile, the remaining stores are missing key products on the shelves as suppliers remain scared to ship to the struggling retailer. A Sears spokesman did not return Yahoo Finance's request for comment on the store closures.

Apple (AAPL) is reportedly launching a more economical option for iPhone fans: the iPhone SE 2. Prominent Apple analyst Ming-Chi Kuo of TF Securities predicts the price tag will be $399 and it will hit stores in early 2020. Kuo also predicts the iPhone will be equipped with the same processor as the one in the new iPhone 11 series.