4 stocks to watch on Monday: SBUX, PDD, VRNT, AEO

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Alistair Berg

Stock index futures were slightly lower on Monday, after the Dow notched a record close on Friday following Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole. Here are four stocks to watch:

Starbucks (SBUX [https://seekingalpha.com/symbol/SBUX]) rose 0.1% in premarket trade as it said it is reducing weekly production [https://seekingalpha.com/news/4488600-starbucks-plans-to-roll-back-production-by-two-days-at-us-coffee-plant-to-cut-costs] by two days in its U.S. roasting and packaging facilities to cut costs. The coffee chain will adopt a five-day production schedule from seven days at five plants in the U.S. starting in January to cut costs to help pay for upgrades elsewhere.

PDD (PDD [https://seekingalpha.com/symbol/PDD]) was up 0.3% in extended trading after the e-commerce company [https://seekingalpha.com/news/4488652-pdd-holdings-rallies-after-battling-through-tariffs-to-post-a-better-than-feared-q2] topped expectations with its second-quarter earnings report. Revenue was up 8.7% from a year ago to $14.5 billion for the parent company of Temu and Pinduoduo to beat the consensus mark by $160 million.

Verint Systems (VRNT [https://seekingalpha.com/symbol/VRNT]) shares will be keenly watched after the call center software maker agreed [https://seekingalpha.com/news/4488711-verint-to-be-acquired-by-thoma-bravo-for-2b] to be acquired by Thoma Bravo in a $2B deal. Shareholders will receive $20.50 per share, an 18% premium to the 10-day average price before reports of a potential sale.

American Eagle Outfitters (AEO [https://seekingalpha.com/symbol/AEO]) was down 3.7% in premarket trade after BofA cut its rating to underperform from neutral, citing pressures from tariffs. BofA also slashed AEO's EPS estimates for this year and next by 8% and 30%, respectively.

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* Starbucks And McDonald's: Fast Food Giant Better Positioned Amid China Challenges [https://seekingalpha.com/article/4812788-starbucks-and-mcdonalds-fast-food-giant-better-positioned-amid-china-challenges]
* Starbucks Stock Is Too Pricey For Its Performance: Time To Exit [https://seekingalpha.com/article/4810173-starbucks-stock-pricey-for-its-performance-time-to-exit]
* Starbucks: Buy Before Green Apron Gains Traction [https://seekingalpha.com/article/4810068-starbucks-buy-before-green-apron-gains-traction]
* Verint to be acquired by Thoma Bravo for $2B [https://seekingalpha.com/news/4488711-verint-to-be-acquired-by-thoma-bravo-for-2b]
* PDD Holdings rallies after battling through tariffs to post a better-than-feared Q2 [https://seekingalpha.com/news/4488652-pdd-holdings-rallies-after-battling-through-tariffs-to-post-a-better-than-feared-q2]