Stocks to Watch: Qualcomm, Tesla, Boeing, Kroger, Fitbit, Altria, Tailored Brands, Pivotal Software, Hershey – Wall Street Journal

Tesla’s vice president of world-wide finance and operation, Justin McAnear, is leaving the company, investors learned late in Wednesday’s session.


Photo:

saul loeb/Agence France-Presse/Getty Images

Here are some of the companies with shares expected to trade actively in Thursday’s session. Stock movements reflect premarket trading.

Qualcomm
Inc.

Up 2.8%: The wireless chip maker said it entered into a $16 billion accelerated stock-repurchase program, part of the previously announced $30 billion stock-buyback program announced in July.

Tesla Inc.Down 0.5%: Justin McAnear, vice president of world-wide finance and operation, is leaving the electric-auto maker, Bloomberg News reported late in Wednesday’s session. Chief Executive Elon Musk also tweeted that Tesla customers might experience longer response times “due to a large increase in vehicle delivery volume in North America.”

Boeing Co.Up 0.9%: Sales at

Boeing
’s

defense business are set to rise in 2018 after four years of decline, boosted in part by the Pentagon’s plans to increase spending.

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Kroger
Co.

Down 8.5%: The grocery chain reported second-quarter sales that were weaker than expected, though the company beat earnings expectations.

Fitbit Inc.Up 1.3%: Shares of the maker of wearable fitness devices fell 7.1% Wednesday after

Apple
Inc.

unveiled its latest smartwatch, which adds an electrical sensor that gives the device electrocardiogram capabilities that allow it to measure a heart’s electrical current in 30 seconds.

Altria Group Inc.Down 1.2%: The tobacco company rose 6.7% Wednesday, its largest one-day climb in nearly a decade, after the Food and Drug Administration said it is considering banning all flavored e-cigarettes.

Tailored BrandsUp 9.9%: The parent of brands like Men’s Wearhouse and Joseph A. Bank reported stronger-than-expected same-store sales for the most recent quarter.

Pivotal Software Inc.Down 26%: Pivotal gave full-year profit and sales targets roughly in line with Wall Street projections.

Hershey
Co.

Unchanged: Hershey plans to buy Pirate’s Booty cheese puffs from

B&G Foods
Inc.

in a $420 million deal, the companies said Wednesday. B&G shares are up 2.7%.

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Write to Amrith Ramkumar at amrith.ramkumar@wsj.com