Stocks – Mattel, Johnson & Johnson Rise Premarket; EA, Yum Brands Falls

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© Reuters. © Reuters. – Stocks in focus in premarket trading on Wednesday:

• Mattel (NASDAQ:) stock surged 19.5% in premarket trade by 8:20 AM ET (11:20 GMT) after its third-quarter estimate surpassed expectations, with doll sales up 5% and vehicle toys gaining 13%.

•Yum! Brands (NYSE:) stock fell 4.5% after its earnings and revenue came in short of forecasts, hit by weak sales at its Pizza Hut and KFC chains.

• Johnson & Johnson (NYSE:) stock gained 2.8% after it said that 15 new tests on its baby powder found no asbestos in the recalled lot that was previously tested by the Food and Drug Administration.

• Fiat Chrysler (NYSE:) stock inched up 0.5% adding to Tuesday’s gains, made when it confirmed it is in talks with Peugeot owner PSA Group on a possible merger.

•Electronic Arts (NASDAQ:) stock slipped 0.5% after it canceled an update for its NBA game for this year. Separately, the game maker’s top and bottom line came in better than expected due to strong digital sales.

General Electric (NYSE:) stock jumped 8.4% after it raised its forecast for cash flow this year despite posting a net loss of $9.5 billion on more writedowns.

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